Month of July is playing Negatively towards the bitcoin market

[SmartGold01]

What is happening currently I have seen bitcoin dropping below 60k down to 56k within from the 1st day of July till today and I can sense serious sentiment in the market with a serious pull back to 56k if not possible we could see 40k before this month runs out.
Do you think is possible to fall below 50k or there is momentum to sustain the market to above 60k again? What do you think is obtainable from the market.

As an investment don't you think is the right time to keep refilling you tank that weren't so much filled with your coin, Since lot of you have been wished for the market to drop below 60k so you could accumulates more? Okay Let the buying continue!

[TomPluz]

Do you think is possible to fall below 50k or there is momentum to sustain the market to above 60k again? What do you think is obtainable from the market.

As an investment don't you think is the right time to keep refilling you tank that weren't so much filled with your coin, Since lot of you have been wished for the market to drop below 60k so you could accumulates more? Okay let the buying continue!

There is a big possibility that Bitcoin will pull back further but I don't see it going back below the $40K level but then again...who knows? There seems to be a lot of selling pressures on Bitcoin right now and the market sentiment is not helping it a lot...so comes August we can be witnessing the same doldrum performance for this asset. I can see Bitcoin pulling upwards in the last quarter of the year though December can also be tricky historically. Now, should we then take advantage of this dip as opportunity to buy more Bitcoin? Well, that depends on how strong you can be towards possible risks though there is nothing to worry because eventually BTC will really be back to the $70K level and can be creating a new ATH soon...not a question of IF but of WHEN. So the question is: Are you brave enough to wade on the current market of Bitcoin?

 

[SmartGold01]

Do you think is possible to fall below 50k or there is momentum to sustain the market to above 60k again? What do you think is obtainable from the market.

As an investment don't you think is the right time to keep refilling you tank that weren't so much filled with your coin, Since lot of you have been wished for the market to drop below 60k so you could accumulates more? Okay let the buying continue!

There is a big possibility that Bitcoin will pull back further but I don't see it going back below the $40K level but then again...who knows? There seems to be a lot of selling pressures on Bitcoin right now and the market sentiment is not helping it a lot...so comes August we can be witnessing the same doldrum performance for this asset. I can see Bitcoin pulling upwards in the last quarter of the year though December can also be tricky historically. Now, should we then take advantage of this dip as opportunity to buy more Bitcoin? Well, that depends on how strong you can be towards possible risks though there is nothing to worry because eventually BTC will really be back to the $70K level and can be creating a new ATH soon...not a question of IF but of WHEN. So the question is: Are you brave enough to wade on the current market of Bitcoin?

The possibility of bitcoin price seeing new ATH is very slim in this because Bitcoin hardly create new ATH twice same year but of course we can see it the other year after the year of halving. So periodically next year is possible except for a something unusual happens to the market such as US election towards the candidate who gives a better speech to bitcoin. However, it's actually a cool time to keep doubling ones portfolio.

[bounceback]

At the of June, have good news for Mt.Gox user will get their refund on July and its true last several hours ago some transaction made refunding the Mt.Gox bitcoin fund. I think its main problem why bitcoin get decreasing drastically few minutes after Mt.Gox make refund bitcoin to their user.
I think bitcoin still can't defend keep correction around two or three days later with many user of Mt.Gox exchange will sell their bitcoin have increasing most higher price after waiting more longer time.

Any one know with this issues behind the OP not linked yet with his topic about the bigger news happening in the early of July and make bitcoin drop drastically.

[Faisal2202]

What is happening currently I have seen bitcoin dropping below 60k down to 56k within from the 1st day of July till today and I can sense serious sentiment in the market with a serious pull back to 56k if not possible we could see 40k before this month runs out.
Do you think is possible to fall below 50k or there is momentum to sustain the market to above 60k again? What do you think is obtainable from the market.

As an investment don't you think is the right time to keep refilling you tank that weren't so much filled with your coin, Since lot of you have been wished for the market to drop below 60k so you could accumulates more? Okay Let the buying continue!

I think the selling pressure is huge, some whales woke up and started selling BTC, and the USA and especially Germany (which has sold $3 billion worth of BTC till now and selling more) has started to sell BTC which has increased the selling pressure. I think it's a good time to buy some BTC because in the near future, BTC is going to touch the $70k target maybe in August because many analysts have predicted that BTC will make a huge correction in July.

And in August it will show a great performance that it can even make new ATH as well. So I think its better to remain positive. I think when this selling pressure will decrease market will retreat its old positon overall I am still bullish on BTC.

[snowpega]

<snip>

Buddy, if you ask me honestly I don't think so market can go at this level as you aforementioned below $50k but besides this, this level is good for buying some more to fill our bags again. For this, we should do DCA and buy from different points we may get in the coming time. Other than that I am just sharing my view, so anything can happen stay optimistic as it is the crypto market anything can happen at any time.

Well, Dear along with Bitcoin many other altcoins are also in good buying range so why not to buy a little more haha! For this, I am not recommending anyone to buy so if you want to buy go for it. DYOR! I will buy it if the funds are available. Well, from a long time market was frustrating me haha as the market was moving at the same point and now in my view, we have the opportunity to buy more. DYOR!

[JunaidAzizi]

Bitcoin is so volatile and can go up or down at any time depending on its mood, but I think we need to buy some Bitcoin. If we show more patience, then maybe Bitcoin can dip. At this time, the selling pressure is high, with some big whales and companies selling their bitcoins. However, according to some great minds, Bitcoin will go up soon and may even reach a new all-time high (ATH). So, this time, one should wait and start buying when the price goes down, this will yield fruits soon.

[SmartGold01]

<snip>

Buddy, if you ask me honestly I don't think so market can go at this level as you aforementioned below $50k but besides this, this level is good for buying some more to fill our bags again. For this, we should do DCA and buy from different points we may get in the coming time. Other than that I am just sharing my view, so anything can happen stay optimistic as it is the crypto market anything can happen at any time.

Well, Dear along with Bitcoin many other altcoins are also in good buying range so why not to buy a little more haha! For this, I am not recommending anyone to buy so if you want to buy go for it. DYOR! I will buy it if the funds are available. Well, from a long time market was frustrating me haha as the market was moving at the same point and now in my view, we have the opportunity to buy more. DYOR!

Conspicuously speaking I wouldn't advise anyone to go buy altcoin now since the market is not on stable state now instead bitcoin is more reliable to hold than any other altcoin out there.
The reason one should hold bitcoin is more trusted unlike some shitcoin out there that doesn't hold any value and of course I won't risk any of my fund to go venture into shitcoin that doesn't has any potential or even have a good prospect.

[taufik123]

A drop below $50k could happen if the strongest support is broken and if there is no positive news supporting the fundamentals.
The market is in a bearish mode and this is an opportunity to start buying back.

A sharp decline makes many people have a red portfolio, but it is common, but for beginners they will only panic at this decline.
Have reserve money, buy back and hold and provide the rest of the reserve to buy when the price gets lower.

[hugeblack]

Returning to January, the price is still in an upward wave and we did not see a clear correction even after the decline from the levels of $71,000. Therefore, as long as we are above $56,000, I still see that the price of $60,000 is a fair price for Bitcoin.
I do not expect a real rise until after the end of the year or October. The market is still calm and therefore it is a good time to collect more Bitcoin.

[Captain Corporate]

Dropping under 60k has always been "scary" for a lot of people and that is why I think a lot of people do end up with something that will change. I think we should consider the fact that people are going to end up with a lot of trouble and things won't be all that easy when you think about it. I personally believe that if we could end up with something crazier, then we are going to end up with a lot better result. So all in all I think July being under 60k is fine because we are not going to see something changing, its just what we are seeing on the long run since after every drop the price keeps going up and I believe that this is going to be a good up as well, we are going to see that once again.

[Hamza2424]

Hmm, I dont consider July to be negative, buddy it's not even the second week of July it's the 4th day of the month, and we are speculating on July's outcome, TBH we need to show some patience even for at least July and August, I dont consider market going out of this momentum of consolidation sooner. At least 2 months are still pending, you can say negative but it's not, let's wait till the end when this month will close I'm sure you'll call it a neutral ending.

[JoyMarsha]

Let the buying continue anyway, but let it be on bitcoin especially not on altcoin we don't know how they are going to survive in the current downtrend market.

The market is seriously experiencing a downtrend correction of bitcoin price, which can hit bitcoin below 50k before the end of July. It's pretty okay if we continue buying with the belief that the market return to normal before August ending that bitcoin may give rise to $80k by the end of the year. Buying bitcoin now and hodl till then has simply given one huge profits

[Crypto Library]

Returning to January, the price is still in an upward wave and we did not see a clear correction even after the decline from the levels of $71,000. Therefore, as long as we are above $56,000, I still see that the price of $60,000 is a fair price for Bitcoin.
I do not expect a real rise until after the end of the year or October. The market is still calm and therefore it is a good time to collect more Bitcoin.

I don't know how this sudden dump of Bitcoin has affected everyone else but for me I think it was an opportunity to adopt Bitcoin.  When Bitcoin first rose to around 57k this year I thought it would drop from 57 to below 50 again so I sold some of my Bitcoin holdings for long term.  And since then I was regretting and thought that the market will not recover to this 57k.  Anyway, it was nice to see this recovery suddenly today and I adopt double the amount of BitCoin today.

[hugeblack]

The market is seriously experiencing a downtrend correction of bitcoin price, which can hit bitcoin below 50k before the end of July. It's pretty okay if we continue buying with the belief that the market return to normal before August ending that bitcoin may give rise to $80k by the end of the year. Buying bitcoin now and hodl till then has simply given one huge profits

Some news may push the price down, especially those related to Germany selling its Bitcoin or Mt Gox or FTX dividends. As I explained above, staying below $56,000 for a long time means that a correction is coming sooner or later.

I don't know how this sudden dump of Bitcoin has affected everyone else but for me I think it was an opportunity to adopt Bitcoin.  When Bitcoin first rose to around 57k this year I thought it would drop from 57 to below 50 again so I sold some of my Bitcoin holdings for long term.  And since then I was regretting and thought that the market will not recover to this 57k.  Anyway, it was nice to see this recovery suddenly today and I adopt double the amount of BitCoin today.

The approval of US BITCOIN ETFs is what made the correction trend almost non-existent and thus instead of being in March it became in July.