Topic: BTC Sentiment Poll for June (Read 926 times)

And so he did:
https://bitcointalksearch.org/topic/in-july-do-we-go-bull-and-pass-75k-5501457

Whales are specially buying right now, we have seen a lot of big wallet moves because they know what they are doing and they are aware that if they keep this up then they are going to end up with a better result eventually. This isn't that hard to see, but they do not buy directly from the market, do not imagine a guy with 15 million dollars to buy bitcoin at binance like rest of us, don't get me wrong there are some who do, but there are plenty of people, who may do even 100+ million moves, and most of these rich folks do over the counter purchases or sales.

This is mainly between exchanges and whales too, because exchanges make trading fee, meaning they get coins in return, and they need to sell that somehow, and they do that with these trades between whales.

Lets lock this thread up 🆙

I will do one for July.

As far as I know, victims of Mt.Gox have two options for compensation. Option 1 is that they will receive 20% and the remaining 80% will be received later, option 2 is to receive 100% but the waiting time will be much longer and there is still no specific time. Even if everyone chooses option 1 and gets a 20% compensation, I don't think that will cause the massive dumping we worry about. It seems like everyone is worried and panicked every time news about Mt.gox is released but few people take the time to learn about it thoroughly. It seems like someone intentionally spread and exaggerated the news to make us dump our bitcoins to them, but it's not as scary as we think.

Yup, it's not looking good bruv.  Lol.  But still excited to see what's in store for July.  If it all goes down then so be it.  I guess we'd just have to work at it again.  But I'm really starting to hate the process.  Been in crypto for so long and going degen on these markets sometimes takes a toll.  I should've just held everything I had and logged off the internet.  Lolol.

But it is what it is.

The Mt. Gox might be the biggest news though, it's scary to think that we might be seeing a dump in July if those victims are going to get their Bitcoin and sell it right away. On the contrary, it might not be as huge as we though, as we have seen this kind of volumes already and there's not much dent on the price.

Let's just look positively though, who knows, when we think that the market will go on this direction, suddenly for strange reasons, it will go on the opposite and it did happen a lot. Barely end of the month though and as expected just like the previous post halving year, June doesn't look good.

Yeah, the situation is getting more complicated every day. At this point it is impossible to predict what will happen, on top of it the US budget deficit is growing as the expenses grow and they need to print more money for that as well which causes more inflation which they try to curb by increasing interest rates!

The other unpredictable and risky thing is countries like China dumping more of their bonds and countries like Japan not being able to pick up that load anymore...

There are two scenarios to consider for July: or the news of Mt. Gox redistribution, US and Germany holdings have already impacted the market negatively, so no further damage will be done in July, or such events are still going to have a negative impact over Bitcoin price in July. The first scenario is the best for Bitcoin, because it gives us room for a positive trend as soon as possible.

Without any impacts from those events on the radar, Bitcoin can flourish once again and return to the 70,000$ zone next month. On the other hand, if the market remains bearish for fear and uncertainity, the same we saw in June can repeat in July, delaying the bull trend only for the Q4 of 2024.

I do not see anything wrong with the way the market is moving because it is normal for an unstable market to be unstable. We are still very high in value despite the pullbacks the market has received in the past weeks. Bitcoin is still trading above $60,000 and that is a 100% increase from the lowest value Bitcoin was trading at around this time last year. Bitcoin price not passing $75,000 in June should not make our hopes to be lost because Bitcoin can just do that next month as everything turns bullish. What is more important is that the trend for the market this year is going to be bullish. By the end of the year when we look at the price of Bitcoin then all this pullbacks would not matter anymore because the price should be above $75,000.

I agree with you, but on the other hand the government is also trying to reduce the inflation percentage. Lowering interest rates will certainly increase the flow of money into the market and make the price of bitcoin rise, but the problem is that they are worrying about too many other things so that what we have hoped for so far has not actually happened.I'm sure the government will eventually consider lowering interest rates, but I'm not so sure it will be decided any time soon.

The month is ending, poll voters (including myself) once again failed, and that wasn't really a shocker, we have seen the price trying to break over the all time high price a few times before this month, even this month too, but then it failed.

I think it is not really that much of a big deal that we failed again, and dropped because if it is not done in June then it will happen in July, and if it fails at July then it will be done at August, it is not really that much of an important situation at all, we are going to end up with something normal in the end. I believe that we should consider the situation to be very careful, and act as if nothing is happening. I believe that we are going to end up with a great result one way or another, just need to be safe.

Fcking hilarious what's going on right now.  Just when a lot of folks were starting to think that BTC was gonna start trending up, it start going a bit sideways and choppy.  You're damned if you go long and damned if you go short.  Lolol.  Lots of folks are losing money in this kind of PA.  

But yeah...  I already have an idea what the next poll will be.  I think the sentiment already went 180 by now.  

Shouldn't they turn the printer off after they cut rates?

After all one of the reasons why they are printing so much money is the high rates that forces the government to pay a trillion dollar as interest on the bonds they have dumped on the world. That is one of the reasons why they are now printing $69 million each time we find a new block

So if they cut rates they would also not have to print so much money which means lower inflation.

They will continue to buy as long as the price is attractive, just like what the current market conditions is giving us: $60k'ish for this month. Maybe what you meant is that the Bitcoin support line is holding as it didn't go down as hard as what others wanted to be. And we just need positive news though for next month to at least see some good action and maybe we will break through it and get into $70k.

But it will really depends on the news that we will get, and perhaps the FOMO that we have about Bitcoin spot ETF is already price-in.

I like what at @pooya87 said, perhaps a positive news about cpi and fed rate, it could be one factor that will push the price and bounce back to $70k at least.

The market is charging up due to high demand but as we can see on the price chart, the resistance is not strong enough to push the market high which would bring the price of bitcoin above $70k, it was still below the expected price. I couldn't say the bull season is over but can't also assume that we are going back to bearish again. Now, the direction of the market is uncertain, we never know exactly where it will be going up or down, it is still playing high and low. But yeah, this situation is normal in a volatile market and this is still the thing we see next month. If we are impatient, we certainly get tired of waiting and easily get burned out.

Investors' busyness in buying Bitcoin in current market conditions is very appropriate because it can also increase Bitcoin's resistance to not falling more deeply in this bearish condition. Because they also think that things like now are very normal and there is no need to worry about buying because changing conditions from bearish to bullish has also been proven in the past in Bitcoin so the option to buy now is a very good option for all groups investors who are trying to get more profits.

It is normal for a bearish market to organize before a rise in the price of Bitcoin.
Because the Bitcoin market is dipping and investors are busy buying.

They can't do that without the risk of re-inflation, which would require more aggressive rate hikes to keep inflation under control. What will probably happen is a recession, which is actually needed - actually - to truly curb inflation. Plus if Jerome Powell and the Cabal in the Federal Reserve read the data, and it shows that something is about to break within the system, then they will panic, cut rates, and turn on the money printer. But it will probably be too late.

This drop could very well be a drawback, think of it like shooting an arrow, the further you pull back, the further the arrow will go when you let it go. I am not saying that it is exactly that, because I could be wrong and this could be just a regular drop, those do happen as well. However, if you ask me it does feel like a drawback and I think it is going to be fine in the end, we should not really consider that as a big deal.

I believe that if we keep doing what we are doing, then we are going to be fine without a trouble. Just keep on investing, trust the process, and do whatever you can do to make it work, that way you are not going to really have any issues, you are going to be doing something that is very fine for you.

The biggest news that we need is FED decreasing the interest rate so that the recession stops getting deeper than what it already is. That way we can see the money coming back to the market helping the price go up to more realistic values representing bitcoin's true value.

The news aren't good for the month of June. The expectation is that supply of coins for sale increase in the market with recent news of Mt. Gox redistributing funds to customers and German government agency moving 425$ million in Bitcoin. These events increase fear and pessimism among investors, who immediately think about a stagnation tendency in crypto market, which has potential to crash prices to inferior levels we wouldn't like to see again during a bull run.

On the other hand, there are always key investors taking opportunity from such crashes, always buying and accumulating more sums of Bitcoin once the prices crash a little bit. It helps decreasing volatility and keeping the market relatively stable, without major crashes which could drop us to 50,000$ and 40,000$. So far, that is what is happening, and hopefully it will remain like this until we see a new pump towards 70,000$ and 80,000$.

I have to back to my own post on the first page to reference that I thought we would be
heading towards the $75k mark but it seems that there are market forces at play trying to
keep the price down in order to satisfy and protect short trades from being liquidated and
to try and liquidate the long trades in order to push the market down.

So for June it has turned out so far to be a slight down trend with lots of sideways movement.

The answer to this question is always a mystery because none of us are able to answer it with certainty, but predictions and speculation based on existing history such as the four-year cycle can support our rationale for predicting when it will happen.

$100k or more is sure to happen for those of us with optimistic thinking based on historical data. Never mind the $100K that we predicted would happen, there are still 1 million people in the public space predicting it. That's because they understand the opportunities and challenges of the crypto market.

We need something big news like China unban and accept Bitcoin or Biden become friendly to Bitcoin, this should able to pump the price.

Believe me, if you're trying to timing the market, it's really really hard than just holding until the price reach $100K and then choose what do will do next. It's easier to earn from real life job or freelance job, DCA-ing Bitcoin and sell it during bull run than flipping your money over and over.

Just a few moment of delay and some persons have started acting with fear about the price of bitcoin slashing down further than going up. I think most of these pessimists are those who felt bitcoin price was going to hiy the moon just immediately after the halving takes place but not going as they had planned and this is creating FUD for for them. People like you can only read one thing from them, that they have no deep background about how previous bitcoin halving has been afterwards before the bull runs. It's as simple as that.

Even though a lot of crazy things have been seen so far, the price difference from two weeks ago to now is not too far because the $65K area is still quite strong support at the moment even though predictions of going to $75K are still very possible. Only for this month it seems that the $75K area will not be immediately exceeded by Bitcoin considering the correction that is still occurring in Bitcoin and the increase in recovery which still tends to be slow in the market for Bitcoin.

Bitcoin will definitely reach a new ATH and will even surpass the $100K target as many are expecting but the question is when will that happen, and what we are discussing is just a prediction for this June.

Unfortunately, I'm late because the voting has already ended but I'm not surprised with the result as everyone hopes bitcoin will increase in price and reach $75k this month. But with what's going on and if voted again, I think people will choose the opposite option .
@OP, I'm looking forward to your poll in July and I will support your idea if you actually add $55k to your poll. If bitcoin continues to move sideways and trade below $65k by the end of the month, I wouldn't be surprised to see most people leaning toward a $55k scenario next month.

The interesting thing is that more and more people are becoming pessimistic and that is actually a good sign for the market in the coming days. I always believe that the market will go against the crowd's expectations and when many people are pessimistic and think that bitcoin will drop to $60k, or $55k in the future . That will be when bitcoin gradually recovers and surprises us.

As for me , I don't think we will make a new ATH anytime soon and will continue to grow stronger but I believe bitcoin cannot drop to $60k let alone $50k like many are scared . Additionally , I suspect that investors will buy more bitcoin if it drops more , which I see as people being more scared than excited to see bitcoin drop.

at the moment of writing already 20th of June.... suggesting under 75k for June though its still possible to go over 75k .... we have seen more crazy things...

BTC Sentiment Poll for June the answer is going to be stable since this week is already in the end of week at 20 June 2024 and bitcoin is still at the 65K level and in the short term I believe bitcoin gonna retest at the near last support zone at 68.5 K level and from there if bitcoin break the resistance zone and it going to be 75K like you have said earlier.

Here is the chart

I think, that is where the price is heading to in this month of June, because the price has decreased to $65,000 few hours ago and the red light still continue displaying to prepare the mind of investors that bearish season is approaching. Based on what is happening now in the market, I think July will also going to be lower than what holders is seeing right now, because the price of Bitcoin is decreasing to the wish of some holders waiting to add to their Bitcoin when the price reach $50,000 which it will soon get to that price before the end of July. If you look at the market closely, you will know that bearish season will definitely appear before the end of next month for long term and short term investors to use the opportunity to purchase Bitcoin and hold for another bullish season to come.

I see what you're saying, but I'm not worried about short-term price changes. Bitcoin has gone up steadily over the years, even with ups and downs. It might drop a bit, but I don't think it'll go as low as 50k-55k. The market is hard to predict, and people's opinions change fast. I'm holding my BTC for a long time, no matter what happens in the short term. I think it'll keep going up slowly in the long run.

Maybe not going to be all that easy for "this" month but we are going to end up with better results eventually, it is going to be quite good. We just need to realize that we can't make it work, and that means we should be considering the situation to be sensitive and not really that complicated. I believe that as long as we have something to recover from, then we are going to be fine and nothing will mean much.

We should see the increase happen eventually, and that doesn't mean that it would be this month, it just means that we are going to see it eventually. That could be this month too, or maybe next month, or three months from now but we know that ATH will be broken and the price will go up a lot, even over 100k eventually.

I am a person who still hopes that this market situation can last until the end of June because it becomes an opportunity to add it to storage.
I do not really understand in scribbling paper to judge what the market will be like going forward, but I think there is still time to prepare for the Bullish market to be certain and Bitcoin makes a new history in terms of achievement of the highest price of all time.

Most likely, but it doesn't make sense that smart investors are going to sell this month or are afraid of what they are seeing in the market?


Bearish short term, maybe for this month only. We all know that market is still based on FOMO. If there is something worth to FOMO, then for sure this market will go up again and pushes for at least $70k. Maybe another attempt will be a charm and finally we can get over that hump and maintain that price.

If that is happens, that will be the best time to buy Bitcoin at a discount price. Perhaps we must prepare more money to buy Bitcoin at a low price. The more people worry and sells their bags, the more we will see the price will go down and will be our chance to buy more Bitcoin. They should not sell their Bitcoin no matters if the price is down but that will be up to them.

We can only suggest them to holds their Bitcoin and accumulate more when the price is down. But if they have another strategy, we can not force them to follow us. I guess we can see a down for more because the price is still at $65k but hopefully, the price can increases in the next weeks. Be patient guys.

Yes it is, those who are currently selling bitcoins will suffer the most.  And they are waiting for the polls to turn red if they want to sell bitcoins and later buy bitcoins. But selling bitcoins is the worst sign, second current bitcoin market is generally low speed it has touched $70k to $65k. 

Now it is normal to have these small dumpings and bearish dumpings before the Bitcoin market turns into a bull market at the present time. Maybe the Bitcoin market is very likely to touch $60k and if it reverses again it will transform to touch $100k.

^  I guess if we stay in the same range as it is now til the end of the month, I think July's sentiment poll will be if BTC drops down to 50k - 55k..?   

And thinking about it now...  If that's the sentiment going forward then did the market just flip and became bearish?  I feel like a lot of people got spooked and sold their bags.  And now they want it to go lower to buy them back.

You are not the only person I see making predictions that bitcoin will drop to 50k/55k in the near future, most people are gradually becoming pessimistic after the last few days of market correction. But can you provide the data on which you base your thinking that bitcoin will drop to 50k/55k like you are claiming?

I don't know what will happen next and I don't rely on history to confirm the future of bitcoin, Bitcoin has always been like that, still very unpredictable and it often goes against the crowd's thinking.
Looking at the voting results, it can be seen that at the beginning of the month, people were very optimistic but things went against the crowd's expectations. And now perhaps people are starting to be pessimistic like you, so I think bitcoin will once again go against the crowd.

Correct, for plebs like us, we don't time the market, or it is hard to time it, better to use our friendly strategy, DCA to continue to buy until we get exhausted, Lol. But in all, it's going to be good for us. Regardless if the hype has passed with regards to ETF, we rea already months from the block halving and usually it's going to be a very deliberate and slow climb. But once we got that momentum, sooner or later we will go on a parabolic rise. So no need to wait for October, just accumulate as what we have say and then we will be safe in the last quarter of this year and maybe finally that 6 digits are going to be there for us.

Plus with Chad Saylor who's always finding Golden Opportunities to find DIPs, and buying into them, a "crash" down to $50,000/$55,000 would actually be a very welcome occasion for DIP buyers. Perhaps DCA buyers would welcome it as well, because it will give them more units in Bitcoin for the same amount of fiat invested.

I believe in this cycle, you don't wait for October, or the billionaires will front-run you. Plus it's impossible for plebs like us to time the absolute bottom, no?

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.

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

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

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.

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.

 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.   

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.

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.

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.    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.

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.

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.

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.

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.

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.

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  .

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.

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.

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.

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.

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?

We are just exceeding the May 20th high which is expected action by a few.   The reasoning for a bullish move being justified now is the downtrend since May 20th, a series of lower highs since then have been broken.  

Its not a great deal of time, just a week and some but it could be enough at the top of the range to have break free of the resistance in this area.   Some momentum is required to break the gravity and have us much higher.

The alternative is repeat but we can hope we already wore out the record and are ready to do something new.   Watch how we react to 71500 and it acts as the high for today and later or ideally we have 71.5k as the low & new support.

   Last Fridays low is apparently the area that would now break this spell and any magic that could happen, a few thousand leeway isnt much in BTC terms.

No surprise though if Bitcoin stays near its all time highs. Because we don't really see any major corrections. Bitcoin is moving past its peak price. Yet we are still in a bull market. However, the all time high may reach a new ATH within this month. We are seeing massive inflows into Bitcoin ETFs which is enough to attract investors.

That's a tough one. On one hand it looks like we're ripe for a start of a bull run, on the other - summertime historically isn't the best time for stock market or cryptocurrencies.
But even if the "proper" bull-run doesn't happen until later in the year, we might see BTC breaking the $75k mark as we're not very far away from that.

Hopefully that's what happens and according to expectations which basically we expect bitcoin to continue to increase, although indeed in April Bitcoin experienced a correction, I think it's natural and it's a form of how bitcoin tries to test its support price and as a foothold to continue its upward trend normally for how supply and demand work in the market.

However, we also cannot predict the market with 100% truth, it is only as speculation from the results of the analysis that we make ourselves, but with that we also have a little confidence because we see the reaction of the market and investors who continue to change day by day, bitcoin is experiencing a positive trend among investors, we hope bitcoin will re-form a high green candle this June.

When the price of Bitcoin touches the previous record of 73.6k, the probability of touching $80k is very high. Because there are many good news in two years of Bitcoin halving this year, Bitcoin ETF approval wind is one of the positive points. So if this bull run takes place there will be a high probability that the maximum bitcoin price will touch 150k.

Because bitcoin price has been hovering between 60k to 70k for a long time. It will hit the highest price and set new record if bitcoin price moves towards bull market.

I didn't see much action changing the market so quickly but since earlier this months there is a positive sign that shows bitcoin moving from 65k to 71k plus within ending of last month to this new month, naturally I have this feeling that bitcoin could face difficulty to climb above the previous ATH of 73k plus except it is not following past history since we all know that bitcoin always break out of new ATH at every new year after halving and that is towards middle of the next year.

Yes it is hard to say how high or how low Bitcoin's moving pattern will reach, we can only guess. But it seems to me that the Bitcoin bullrun started when the Bitcoin ETF was approved. After the ETF was approved we saw significant growth in the Bitcoin market which also touched an all-time high.
For several days, the price of Bitcoin has regularly fluctuated between $68,000 and $60,000. Yesterday the price of Bitcoin increased again and it reached 71 thousand. The sudden rise in bitcoin prices may have been due to the positive impact of the launch of Australia's first bitcoin ETF. Australia launched the first Bitcoin ETF in their country under Monochrome Crypto Licensing. We are looking at the upward trend of bitcoin price this month can we predict that bitcoin price will touch 75 thousand dollars within this month.

I also think that a big bullrun could emerge at the end of this year if the price of Bitcoin itself can continue to be near the ATH level that has occurred this year. Because it will also have an impact on others as well as market conditions which will look better during this year because the price increase to $71K is quite a good thing even though the volume level is always different in each month. However, for personal speculation and guesswork, sometimes it can also be very close, although not completely correct, because the price movement pattern of Bitcoin itself is still influenced by many things, including very general things, namely supply and demand.

much respect mate even though you have all the rights , you preserve to stand by our predictions , actually I am going to ask that because its been manymonths that you are asking us this poll and wanted to know if the votes includes yours 

actually never that I votes favoring the results , for how many months of participation? not with a single result gives me correct but this time I changed my strategy and voting against my prediction haha.

Bitcoin remains close to its all time high. We have not seen a really big correction. Despite the sideways movements, it would seem that we are still in a bull market. It is only a matter of time for the price to start moving higher again and reach a new all time high. I also share the opinion that a new ATH will be reached in this month. We are still seeing massive inflows into Bitcoin ETFs, which is a clear sign of having high demand from investors.

Yes, the Bitcoin bullrun has started since January. It's hard to say where Bitcoin's ongoing pattern so far this year might actually go, as we're in the middle of 2024 and Bitcoin's price today saw it surpass $71k, just behind of $73k. I don't think 2025 will be the only bullrun for Bitcoin, if Bitcoin's trend continues I think November this year could hit a major bullrun. This kind of survey is only personal and a guess, but it is sure that you will definitely have to wait some more time for your Bitcoin target.

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.

This definitely looks like the month when Bitcoin would break the previous ATH because it has started on a positive notes, it may easily breach the current ATH but I don't think it can sustain above $75k for longer period of time as we see fluctuations everyday and I think there would be further such movements o back and forth until we enter most expected bull run.

Still very early to call though, it's good that there is a Australian ETF approval, but I don't think it will be enough to push the market to $75k. Remember that when the US Spot Bitcoin ETF was approved, the effect was not immediate, it took months before we finally see $73k and established new all time high.

June is not the start of the bullishness in my opinion. It will be the last quarter if we look at the history. But then again, we might see a new trend since we already reaches new all time high prior to the halving. And it's good that we have a breakout run to $70k at the start of this month, but we should be cautious and not expect something big, just saying.

The bitcoin price has risen again to $71K this means it is getting closer to $75K this month but we predict mid-month it can reach the desired target this is also some positive news if I'm not mistaken Australian ETF approval.

I am a little calm for June because many people predict bullishness will come quickly although this is a little doubtful we see bitcoin resistance will rise, we wait that this is the moment where bitcoin momentum is good enough.

Vote: YES.

I did vote 'yes' as well, we have been getting a few close calls to that and each time we hit that wall and go back down. I feel like eventually we are going to end up with something that will hit it and go beyond and not drop back down, that's what I believe. I know that many people do not believe that and I know that people are expecting a higher return, but that doesn't mean that we won't get it, we are going to get higher.

We just need to be patient and eventually we will do fine. This isn't always that easy, sometimes it takes time to reach that level, but we are going to see it grow bigger and better. We spent our time, been a few months since last ATH and it's time to see how the bull run of this new period will start this month.

It's not always massive at first but the increase is gradual and it only got boosted after the acceptance of ETF for BTC. The second increase we feel which help the price to hit that new ATH you mentioned there is after the BTC halving and that started the BTC bull run at the same time.

The bulls that we have are still big because we started when the price is still low and it's not finished yet but that's great if there will be another next year. Time traveling is not possible, so indeed that there is no shortcut to get there but if someone can't wait, they still can earn a big profit through trading and gambling in the casino but both of them needs a great skill.

Just like you, if I had to choose, I would choose yes. Although the situation is now the green candle is moving but this may not last long until it reaches the price of $75,000.
Sometimes I have the thought that passing the price of $75,000 is still too soon after the halving even though the situation is very difficult to predict.
By the way, I enjoy sharing Bitcoin price speculation since the beginning of the month every month while waiting for the new ATH.

I've also considered the chart and market sentiment relating from what we had in April to what the month of May seems to offer, this is going to be more of seeing the market going bullish in this month and I presume that the market will break to a new all time high above $73,000 and later dumps a little bit below $70,000 before or by the month end, there could be other contrary speculations regarding this, but from what I've already perceived from the weekly candle and market sentiment of recent, we are going more bullish this time.

Mate is right you owe us two days, three for me though!!

Yeah I didn’t bother checking my old predictions because I know was bullish then. I am still bullish this month though.

If you look at the last two months we have been more of ranging or consolidating as people call it, every major rise is followed immediately my heavy dump and vice versa. This to me was as a result of bitcoin hitting a peak way before the halving and the correction has been persistent like bearish periods but with the recents news towards the ending of may like the inflation reduction and also the ETH ETF approval i see using getting back up in bulls. You could see that recent news reporting institutions like Garyscale and Blackrock (currently the highest holder of bitcoin as per Institutions) are buying after some few periods of sales, this are bullish fundamentals and I think we might see the $75k broken this month or we continue ranging with $65k been my strongest support at the moment

After a long period of waiting between 60k and 70k, Bitcoin price will move towards a bull market. And it is highly likely that Bitcoin price will reach 100K by the end of this year 2024, because the peak bull run season is next in 2025. 
So it is very likely that Bitcoin price will stay at least between $120k to $160k during this bull season. It is certainly normal for Bitcoin to rise from June, especially if it wants to reach such a high price, and I think Bitcoin will rise very soon.

Lol...  Nah.    I don't wanna skew the poll.  And I really want to know what you guys think and how you guys feel about the market at the start of any given month.

And the results have been mixed so far.  There were months when the voters were getting it right.  That was when the market was either trending up or trending down.  But at markets with a lot of chop like what we're having right now, it's a little bit harder to predict.

Bitcoin price hit $70K at the beginning of this June, Bitcoin price is currently in a slight downward trend but wait for the next bull run to start. Now the current price of Bitcoin is $68950 Now if the Bitcoin market starts to grow from here then surely it won't take much time to reach $100k. Because if the Bitcoin market breaks past records, the price of Bitcoin will hit the highest level.

youhave the right to vote mate because you are also speculating from your investment here so why deny yourself from being contributor?

actually you have asked late now, its the 3rd day of june you owe us 2 days   

have seen this happened in the last 2 months mate and now i may choose NO for the time and if this goes for yes yet I am earning 

the graph this time looks promising , lets see what comes now since we are at the first week .

I just voted that Bitcoin would hit $75,000 this month. I was one of those who voted against it hitting higher targets last month not minding the fact that it was the next month after halving. My reason was reasonable enough, and truly, Bitcoin never hit its ATH last month not to mention moving higher than that. My trading chart talks well to me, so thanks to it despite the view of others against it. The chart always guides me aright and with what I currently see on the market chart, I think that hitting the ATH again at about $73,850 is nearing day by day as the level is getting more exposed and the barrier is getting weaker day after day.

As of today, the market is again fully bullish in trend in all the short-term, medium-term and long-term dispositions, so what do you expect? And if Bitcoin could hit and break the current ATH, it would only take it less than $1,200 to hit the $75,000 set for this June on this thread/poll, so, it is feasible to say that it will hit the level this month. And for the fact that the daily chart has so much good news of holding above the strong MagicTrend support at $65,505 and 1D Fibo support level of 23.6% at $66,800, the significant bullish impact is lurking this month, so we should all expect Bitcoin to hit higher levels before the end the month.

I voted for No, unfortunately. I don't see the price going to break $75k this month, as I'm looking at the past historical halving logs. In 2020, there was a slight downtrend in the month of June, around -3.18%.

So if the past trend continues, then we could be just around $66k in June or lower.

But the following months we will be in an uptrend. Let's see how it goes though, it's just a small percentage and not that big so nothing to worry this month. At least there is still a good time to buy for us.

If there was an option to vote for 0% Change - Sideways action I would vote for it.

There is very little movement for bitcoin lately. It’s trading is similar to how Bitcoin trades in August, however it’s still June and it’s not the heavy vacation months such as July and August. It’s becoming boring to trade basically.

Same with other currencies like ETH and SOL. Besides that ETF pump, not much happened right after. Just trading everyday like it was a weekend.

I am quite pessimistic that Bitcoin can pass 75k this month, because if we look at current market movements, we are in a sideways position and that will probably persist in the next few weeks and there is no reliable news this month. But that's not certain either, because if the price breaks 73k, which is the resistance point, then Bitcoin could most likely go to 75k as predicted - but maybe breaking 73k is not easy enough.

It's about time the actual halving effect that only starts AFTER the halving to show up and lead to the rise. After all the supply has decreased (supply meaning the new coins being created and sold in the market) by 50%.

The only problem I see is the recession in most of the countries that is creating that sell pressure preventing this rise. But that can only go on for so long before the people liquidating their bitcoins run out of coins to sell...

Since the beginning of 2024, the price of Bitcoin has seen a massive and gradual increase. Looking at the Bitcoin market, this is definitely a sign of a bull run, so it hit a high of 73.6. But the biggest bull market is likely to take place in 2025.  So of course we have to wait and see the target of this bull market after a long wait. 2021 marked the biggest bull market since the 2020 Hull Ring in 2021 as it formed. But at present, these green candles in the Bitcoin market have to be created by 2025.

Over the past few months, the green candle in Bitcoin can be maintained, periodically increasing the price of Bitcoin. Bitcoin price is going to improve gradually but in the first phase Bitcoin price will stay between 85k dollar and 85k dollar, maybe a small bear market after that. Since then, the price of Bitcoin will reach 100k dollar again, thus the price of Bitcoin will continue to improve gradually.

We're going up already. While stock markets are likely to go down and the election is approaching, I think more and more people are aware of BTC existence and people are buying.

And the Halving I think is going to take effect already since more and more institutions are getting into ETFs. We might be hitting $80k and then another dip for a bit and then resume the bull market again.

I'll go with the more explained post of STT here. Breakout is imminent, I refuse to believe the post-halving momentum won't take place this cycle -- regardless of what happened pre -- but I still think it's too soon. I have a feeling, and yes, feelings are like opinions and aholes, but the November US elections are going to play into market sentiment big time. Whether that's a purge or an influx, the real action happens after that.

I am thinking if new ATH happens before that, it's October. Bulls are going to want to end the year on a high with the final quarter.

And it just popped over $70k in the last few hours and its back to $69k.

For a June, to pass $75k and break out from there has to be on the cards for this
month. I'm sure there is growing demand and growing buy pressure at this stage after
all the expectations of both the ETF approvals and the Halving so these if they
manifest will surely drive the market upwards.

The potential to break out of that price is there although I am still hesitant. For my decision at this time, I choose to say yes to the poll.
First I want to explain a little bit why I see the potential to reach the $75k price because the distance between the $73.7k price and the current price is very close even though it is currently moving to the $70k price.
If in 2 weeks the price is still around the $70k range, then I am sure the June close will be above.

The monthly chart for June will be better than the last month's chart, May.

There is a chance but Im going to be the pessimist and say I will continue to expect an autumn schedule to occur until Iam disproved.   I dont especially like guessing, the evidence so far says range bound or fenced in.

I will change my mind when we both confidently break those barriers and then confirm this area as support to build on not restrain us as a ceiling.   We look for trends on any graph because they can give some better estimate of what may occur even while anything at all can happen in the world.

    We have resistance, we have support and we are stuck between for months now; its going to take volume to leap that fence and thats why I presume Autumn  we find a greater volume of trading across the whole range of markets.  Why its been this way for centuries I cant say exactly but Im just the little guy I go on what the record shows is most probable like the seasons themselves.

https://www.investopedia.com/terms/s/sell-in-may-and-go-away.asp

https://otiumag.com/sell-in-may-go-away-10-year-look-back/


Nothing about the BTC chart is disappointing, the question is a new high and I expect consolidation as an ironic positive afaik.

This month ended before the Bitcoin price peaked in May, but today is the 3rd day of June. It is very likely that the Bitcoin price will peak this June, as the Bitcoin price is likely to increase since the Bitcoin halving took place. But the past price could not cross, maybe this June the bitcoin price will be more likely to start a bull run. Bitcoin price is very likely to touch $80k this June.

It touched $70k earlier this June, and for a long time Bitcoin hovered between $60k and $70k. But as the month of June begins, it has increased in price, I think this June will set a record high and break the record at $73.6k and set a new record. Bitcoin price is likely to hit the highest level starting from this June.

Even in May Bitcoin price did not make a record high despite a lot of dumping and pumping, Bitcoin price was at a comfortable level and even from here massive investors held Bitcoin. So this June is likely to set new records and start a bull market.

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.