BTC Sentiment Poll for June - page 3.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: Saint-loup on June 15, 2024, 04:53:54 PM

LOL ETF spot approvals and halving have passed, the hype is gone now. We shouldn't expect new ATH in the coming months. Summer is usually not very good for BTC in addition. Especially June in the last 5 years. We need to wait for October to maybe see a new bull run, but before price will certainly goes down further towards 50/55k sadly.

The market crash after halving happens right away not weeks/months after it. That has already happened and we recovered. So historically speaking there is no reason for a crash to 50/55k.

Also historically speaking it shouldn't take until October to see bull runs. For example in the last halving we saw the first leg up start in August and summer wasn't really that bad.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

^ The thing about the market is when you start thinking that something is sure to happen, it sometimes would do something different. Cheesy

So I guess we should always leave some room or for some awareness that we tend to make mistakes.

But yeah... With how things are going now, it looks like it's gonna be a lot of sideways action. Not sure about 55k tho.

Saint-loup

legendary

Activity: 2604

Merit: 2353

LOL ETF spot approvals and halving have passed, the hype is gone now. We shouldn't expect new ATH in the coming months. Summer is usually not very good for BTC in addition. Especially June in the last 5 years. We need to wait for October to maybe see a new bull run, but before price will certainly goes down further towards 50/55k sadly.
https://www.coinglass.com/today

tygeade

legendary

Activity: 2086

Merit: 1058

Quote from: Majestic-milf on June 13, 2024, 09:29:10 AM

I doubt that bitcoin can rise to $75k this month because of how unstable it's being these past few weeks. Granted, it's a volatile coin and anything can happen but not right now when we don't have any propellers like an ETF being approved or a big purchase made by a whale to make that amount a reality. I was even thinking the price will get to $75k when price surged to $71k last week Friday but it dropped, so we should just be content with seeing prices move from this range of $67-71k for the time being and just like the op said, the price can take a surprise surge when no one least expects it.
for this month of June, bitcoin price won't go above $71k, that's if it will get there though.

Sometimes bitcoin goes up without a proper reason at all. I love it when that happens, look at the history and look at each time it went up 10% a day, plenty of times it did that, and look at all the news that day (or a day before) and you will see that more than half of them do not have any proper reason at all, it just happens organically.

If we see more than all time high this month, then I would say that it would be because of no reason, not going to have anything that's crazy, we are going to see it grow and be bigger. This is why I believe that we are going to end up with something that will take a while, and I think the best way to move this further would be just realizing that you are going to end up with a greater return in the end.

btc_angela

hero member

Activity: 2632

Merit: 546

Quote from: tokeweed on June 13, 2024, 08:58:50 AM

Ok guys... It was funny the first time but then teasing everybody that we're gonna start trending back up again then selling it down below 68k is just harsh... And the funny thing is it's another all time high in US stocks. Like wtf is going on? Are we gonna be in a range til after the summer? It surely feels like it. Lol.

But then again it could be good if everybody starts feeling the same.. It could make the market less crowded and get a better chance to start going up again. Just as when almost everybody is not paying attention.

And by now it looks like just an artificial pump in prices, reaching $71k and then very positive that $75k could be around the corner and we could hit a new ATH. Suddenly prices dip to as low as $66k, not sure as well what happen, but it could be about the CPI or something.

Nevertheless, we still have like 2 weeks before the end of the month, and looking back at the previous charts in 2020, it seems that June is not so good to all of us post-halving. Let's just be optimistic that something big is going to happen in the next week or so or at least going back to $70k'ish again.

Majestic-milf

hero member

Activity: 784

Merit: 589

I doubt that bitcoin can rise to $75k this month because of how unstable it's being these past few weeks. Granted, it's a volatile coin and anything can happen but not right now when we don't have any propellers like an ETF being approved or a big purchase made by a whale to make that amount a reality. I was even thinking the price will get to $75k when price surged to $71k last week Friday but it dropped, so we should just be content with seeing prices move from this range of $67-71k for the time being and just like the op said, the price can take a surprise surge when no one least expects it.
for this month of June, bitcoin price won't go above $71k, that's if it will get there though.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Ok guys... It was funny the first time but then teasing everybody that we're gonna start trending back up again then selling it down below 68k is just harsh... And the funny thing is it's another all time high in US stocks. Like wtf is going on? Are we gonna be in a range til after the summer? It surely feels like it. Lol.

But then again it could be good if everybody starts feeling the same.. It could make the market less crowded and get a better chance to start going up again. Just as when almost everybody is not paying attention.

CryptoBuds

legendary

Activity: 2100

Merit: 1042

HODL

Quote from: tokeweed on June 11, 2024, 08:25:28 AM

And I guess some guys will start voting for no now. Lolol.

Market psychology changes very quickly and with what is happening, I also believe that if I give them the choice again, the majority will choose "no". There is nothing wrong or surprising about that because we all know bitcoin is unpredictable and people need to stay updated with market information so as not to get left behind. According to my prediction, the market will begin to recover after June 12, I guess what's happening is that the market is reacting to the CPI-related news released tomorrow. Bitcoin corrects before the news is announced so when the news is announced, the market will recover. Nothing has changed for me, $75k will still be my goal this month.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Wow... I mean I usually go to my UFC thread first when I get into these boards but man... Wtf did you guys do to BTC. Cheesy

Everything was fine a few days and was looking it was gonna start trending up above 75k. What happened?? This sucks. It's looking like we're worst off than the sell downs from last month.

Anyway if anybody knows anything or have tidbits of rumors, please drop them itt.

And I guess some guys will start voting for no now. Lolol.

justdimin

hero member

Activity: 2968

Merit: 670

www.Crypto.Games: Multiple coins, multiple games

Quote from: Out of mind on June 10, 2024, 05:27:37 AM

Compared to April, I can see that the price of Bitcoin had a good increase in May and touched a $72k dollar again. Although the Bitcoin market hasn't moved up much this week, a bit of dumping has been going on above me. Bitcoin market made a good record this month, but we can expect that Bitcoin market may rise again from next week. Compared to all other months, Bitcoin candles this May seem to be realizing a faster growth, which is why the market is now moving in a steady state. Although many are predicting the market to be in the $60k - $70k this month, I think it may be pumping a lot more towards the end of the month. However, we see BTC's market aspiring to make new records next month and I think June's Bitcoin market is more likely to settle in the $70k- $80k.

The volatility of price being between sixty and seventy for a while is quite important to be fair, I think it needs to be considered that we are seeing something that is a little different upcoming though. I understand that it is not that simple, and people are acting as if it is going to end up something much better, which is why I think it needs to be considered as a big deal, it has to be very important.

I believe that the best way to move forward would be just realizing all will be fine. Bull run is at the door, maybe it will be this month, maybe next, but it is coming and that means we will be staying above seventy and keep growing more and more soon enough, we just need to wait a little bit longer for that to finally start.

Out of mind

sr. member

Activity: 448

Merit: 216

I like to treat everyone as a friend 🔹

Quote from: tokeweed on June 03, 2024, 09:07:31 AM

I don't vote in my own polls... Yeah no bs. But if I were to vote, I think I'd vote yes. I mean look at the monthly chart below. It was down for April but then it's up for May and it almost made up for the red candle for April.

And not just that, BTC is prolly due for a pump. All sideways action with no signs that it's going bear mode means it's gonna trend up. At least that's want I think. Lol.

Compared to April, I can see that the price of Bitcoin had a good increase in May and touched a $72k dollar again. Although the Bitcoin market hasn't moved up much this week, a bit of dumping has been going on above me. Bitcoin market made a good record this month, but we can expect that Bitcoin market may rise again from next week. Compared to all other months, Bitcoin candles this May seem to be realizing a faster growth, which is why the market is now moving in a steady state. Although many are predicting the market to be in the $60k - $70k this month, I think it may be pumping a lot more towards the end of the month. However, we see BTC's market aspiring to make new records next month and I think June's Bitcoin market is more likely to settle in the $70k- $80k.

Marvell1

legendary

Activity: 2408

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote

BTC Sentiment Poll for June

I remember most people were not very optimistic in May after everyone's predictions in April were wrong, and this time it seems like people are starting to be optimistic again after a month of pessimism.

I also hope bitcoin will increase in price and the market will start to get better this June because it will benefit all of us. But if we look at macroeconomic factors, things are not really stable for us to be optimistic at this time. I think that market movements will depend on interest rate cuts, so I will wait until June 12 when the CPI is announced and the Fed comments.

STT

legendary

Activity: 3878

Merit: 1411

Leading Crypto Sports Betting & Casino Platform

Look at the last day of May for a guide to this current move, if we surpass that day and trade outside its range (downwards) then its over. At that point this current move will have failed, a proper reset will occur that matches the rest of the prices since March & the full range of them.

However right now despite the setback the price action is still viable for a positive progression. We might just break upwards still, clearly its not a simple or easy thing to do.

I did presume the momentum to break the ice as it were, is not with us properly till the autumn storms come round. However its still possible even while improbable and right now hope lives on above the last day of May prices.

48hr and weekly averages are where we reside momentarily, hope that we trend above that momentum in order to build. Ironically in wider consideration since May start though its easy to argue a muddle of metaphors I would declare BTC impressively strong and durable this entire year so why doubt it now.

Glen Hoddle

sr. member

Activity: 418

Merit: 253

A sudden drop in the price of Bitcoin is a very good sign, as many investors will have the opportunity to buy Bitcoin at a lower price.
And later it is more likely to play a significant role in reaching the bull run.

legendbtc

hero member

Activity: 1148

Merit: 502

Leading Crypto Sports Betting & Casino Platform

Quote from: Kemarit on June 04, 2024, 07:36:15 PM

Everyone seems to be very bullish for this month, not sure what others are seeing, but maybe they could be right as there could be good news that will push the price to a new all time high and reaches $75,000.

Currently, there is some momentum, above $70,000 and we could be seeing $71,000 if their is enough power from the bulls to go over that hump. Most important thing is that the round numbers have been broken because that is a big mental barrier.

Since the halving completed, I mostly see people being more optimistic than pessimistic, which is not surprising since most people rely on the past and believe that history will repeat itself again. But as the months go by, I almost see that everyone's optimism is still not paying off, and if I remember correctly, this is the 3rd time the OP asked if bitcoin will break $75k.

For me, I also hope we can hit a new ATH this month but looking at the macroeconomic data, I don't see that happening this month. I think in contrast to you, there will not be much good news released this month, instead negative news will appear and the most notable news is still the Fed lowering interest rates. With the unemployment and employment indexes just released, based on that we will not see any interest rate cuts from the Fed this July anytime soon and this will make the market more fearful.
I voted "yes" but I think that won't happen Grin

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Felicity_Tide

jr. member

Activity: 56

Merit: 28

So far, I have observed Bitcoin settling for the $69K price for a certain period of time than other prices. This gives it more possiblity to climb across the $70K price and even go far as reaching $72K. I think Bitcoin might surpass the previous $73.6K in this month of June, but not sure of how great the momentum would be.

Essential10

full member

Activity: 350

Merit: 116

Eloncoin.org - Mars, here we come!

Quote from: FinePoine0 on June 08, 2024, 11:10:53 PM

Dumping followed by pumping, and pumping followed by dumping, has been the Bitcoin market for a long time. There has been a dip in this situation for a long time between $60k to $70k. However, the price of Bitcoin touched 68, but again it is moving towards recovery. The price of Bitcoin will rise very soon as it has created an investment opportunity for investors.

Yes, we have been seeing this for a long time. If we notice at the end of last month the Bitcoin market went above $70k and then took a correction from there. Again this month Bitcoin showed bullish trend where it went above $71k. Now this time little correction, Bitcoin's value doesn't seem like it's falling off a cliff, it's swinging like a swing. In the current market, many people may have or are making investment plans, but I think that Bitcoin may return to bullish moments from next week.

Sebas.tian

full member

Activity: 2044

Merit: 165

I don't think, the price of Bitcoin will increase above $71,000 in this month of June because the price is not too stable like the way it was stable in the month of April to caused some holders that released their Bitcoin to the market to make huge amount of income from their holding. Based on some research I got so far, there will be decrease of the price of Bitcoin in this month before it will start increasing to touch $80,000 next month which I know some holders will still going to release their Bitcoin to achieve income from new ATH again. I can see the price has decreased to $69,000 in this month of June, which it can still decrease more for the holders who are willing to add to their Bitcoin to do that in this month, because the price will going to increase higher for holders to achieve massive income.

FinePoine0

full member

Activity: 434

Merit: 129

★Bitvest.io★ Play Plinko or Invest!

Dumping followed by pumping, and pumping followed by dumping, has been the Bitcoin market for a long time. There has been a dip in this situation for a long time between $60k to $70k. However, the price of Bitcoin touched 68, but again it is moving towards recovery. The price of Bitcoin will rise very soon as it has created an investment opportunity for investors.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

The vote is "Yes", but Bitcoin won't start surging by itself. I believe it needs the hand of Chad Saylor to push it above $75,000, causing the community to FOMO it to $85,000, no? Cool

Topic: BTC Sentiment Poll for June - page 3. (Read 826 times)