Month of July is playing Negatively towards the bitcoin market

[SmartGold01]

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 think those who invested when price was lower than 60k wouldn't feel so depressed about the market except they want to invest, maybe they could decide to sell of their current holding and watch out the market to see it could go dipper than this to accumulate more, and if they think the market is going very lower they could like sell off and wait for a better opportunity to accumulate more than what they had already hold.

[Gurujebs]

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.

Opportunity for those who have money to buy, some of us are already prepared for the ride and it seems the dump is not yet done because yesterday Bitcoin dump again because there was rumors about Mt.gox starting their distribution for affected customers, saw some telegram updates posting some of the screenshot below.



The image of MT.gox moving Bi



Here is another image talking about distribution to be postponed. All this games is not good for the Bitcoin market, they had 70k opportunity to distribute their coins but now this looks stage and manipulated, perhaps they are doing this to dump the bitcoin price.

[MUGNIA]

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.

Opportunity for those who have money to buy, some of us are already prepared for the ride and it seems the dump is not yet done because yesterday Bitcoin dump again because there was rumors about Mt.gox starting their distribution for affected customers, saw some telegram updates posting some of the screenshot below.



The image of MT.gox moving Bi



Here is another image talking about distribution to be postponed. All this games is not good for the Bitcoin market, they had 70k opportunity to distribute their coins but now this looks stage and manipulated, perhaps they are doing this to dump the bitcoin price.

Agree, There is a real opportunity for those who have the funds to invest long term if you look at Bitcoin's current movements, you don't know whether this downward session will continue or just for a moment, or just a diversion and suddenly the market turns green again at the start of the 2nd week of July.

[snowpega]

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.

That is why I already said that in my previous post that I am not recommending anyone to buy alts if they want to buy then they can buy it at their own risk. I am also fully aware of it that buy altcoins is way risky investment as compared to Bitcoin. As in my case, I only invest that amount in altcoins that I can bear in form loss and the majority of my funds are in Bitcoin because Bitcoin is the digital Gold

on the same hand, the Bitcoin market is behaving badly at the current time and we have seen the level of the market at lower as 53K which was a good point to accumulate some amount in Bitcoin. Well, currently selling pressure is high so what do you think dear, can the market go more lower or not i just wanted to know your point of view about the current market situation. Many Thanks! 

[Pastaral]

Bitcoin market is dumping in July.  We often see the Bitcoin market going up and down.  So at this time, many investors are afraid and to know their fears, they go to save social media information, in which they get more wrong information, and then they take a wrong decision, that is, they sell their bitcoins.  But there are many who start buying when the price drops so they can do well later.  In this case, investors should be patient.

[Roseline492]

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.

Good observation but the thing is that is very difficult to really understand Bitcoin price movement and this is not even the first time people are predicting what the price will be at this month of July, however just like you observed since we enter this month of July Bitcoin price has been dropping seriously.

Though considering what news and speculation has said about Bitcoin dropping I think it has started and like you said there is every chance for the price to drop more dipper, so I believe that the price may likely drop more further before we can start expecting uptrend movement but I don't think there would be any serious uptrend movement this month.

[0t3p0t]

I can see Bitcoins movement breaking out from it's previous low on higher timeframe which is a sign of continuation to downtrend I could be wrong here but yeah let's wait for a confirmation. Maybe that Mt. Gox huge transaction triggers the price to go lower right now.

[ZAINmalik75]

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!

The Market is giving goosebumps to new investors and has created fear of missing out and fud in the market. New investors think the bullish cycle is finished and not the market has started to move toward the bear cycle. While some of the news outlets and influencers are sharing on their telegram channels that this is just a bull trap that comes after a bullish cycle while others said the market will be green again in August.

But I say the market might not be green till August but it will be green after October. Last time I heard that MT Gox would distribute the funds in October but they started early don't know why but currently the fud is due to MT Gox and Germany. This pressure will be over soon and market will be green again.

[JunaidAzizi]

I can see Bitcoins movement breaking out from it's previous low on higher timeframe which is a sign of continuation to downtrend I could be wrong here but yeah let's wait for a confirmation. Maybe that Mt. Gox huge transaction triggers the price to go lower right now.

Well, the first issue is that Mt. Gox introduced a lot of Bitcoins to the market, which disturbed market sentiments. Due to this, the selling pressure is high, and the downtrend has started. Another factor is that when supply increases and demand remains the same, the price goes down. A similar situation is happening to Bitcoin's price now.

The first week of the month has not been completed yet, and we are already worrying that Bitcoin will go down, etc. However, I think we should wait until the end of this month before drawing any conclusions. Before this, I think it will be worthless.

[Faisal2202]

not a question of IF but of WHEN. So the question is: Are you brave enough to wade on the current market of Bitcoin?

That's a good vibe I was waiting for 😋😋 There are words that BTC has made ATH and now it is done, the bear trend has started this statement is also spread everywhere on the internet people are fearful and they might sell low or sell at the price of $70 if BTC retreats that point. Your words were supportive but what do you think if BTC made a new ATH in the next cycle?

I mean it's 100% confirmed that it will make a new ATH so it's not the question of IF but When and what If it makes a new ATH in the upcoming cycle in 2028. Haha that will be bad as an investor has to wait 4 years. So yeah its really a good question to ask are you brave enough......

[Ricardo11]

Bitcoin market is dumping in July.  We often see the Bitcoin market going up and down.  So at this time, many investors are afraid and to know their fears, they go to save social media information, in which they get more wrong information, and then they take a wrong decision, that is, they sell their bitcoins.  But there are many who start buying when the price drops so they can do well later.  In this case, investors should be patient.

Without patience it is never possible to get anything good from Bitcoin or any other alt coin. Due to the volatility of each coin they pump and dump at any time, therefore we must hold for a long time. No matter how much the price of Bitcoin goes down, you can't panic in any way. You need to advance the mindset to buy more that time. And you will hold your holding until the price increases. It is not your loss but you can gain more.

[Fivestar4everMVP]

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!

Turns out you were right after all, as currently, bitcoin after touching $56k or a little lower; seems to be heading back up currently, price is now above $57k heading towards $58k, if this momentum continues, I see a possibility that bitcoin Wil be back to $60k and above in a matter of days from now.

But let's not be too hopeful yet, we might see another significant drop again before we are finally done with the supposed short bear season, I am personally expecting a major bull run to begin towards the end of October this year.

[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!

Turns out you were right after all, as currently, bitcoin after touching $56k or a little lower; seems to be heading back up currently, price is now above $57k heading towards $58k, if this momentum continues, I see a possibility that bitcoin Wil be back to $60k and above in a matter of days from now.

But let's not be too hopeful yet, we might see another significant drop again before we are finally done with the supposed short bear season, I am personally expecting a major bull run to begin towards the end of October this year.

I have seen few people who had point hand on this October you have also mentioned but sometimes I had to think if the market is no longer following the historical data anymore, because if it does then I don't think October could be the best time for the market to sail up except from December or From Q2 of the next year after halving, that is to say by 2025 within June we could see the market making moves.

[kulkhan]

Bitcoin market is dumping in July.  We often see the Bitcoin market going up and down.  So at this time, many investors are afraid and to know their fears, they go to save social media information, in which they get more wrong information, and then they take a wrong decision, that is, they sell their bitcoins.  But there are many who start buying when the price drops so they can do well later.  In this case, investors should be patient.

Without patience it is never possible to get anything good from Bitcoin or any other alt coin. Due to the volatility of each coin they pump and dump at any time, therefore we must hold for a long time. No matter how much the price of Bitcoin goes down, you can't panic in any way. You need to advance the mindset to buy more that time. And you will hold your holding until the price increases. It is not your loss but you can gain more.

Yes you told perfect without patients anything not possible and not possible to found good things. July market was showing Negative. But we have to wait till end of the month or more i think market will be positive within short time. If anyone want to gain something from this market or anywhere need patients without patients it is not possible.
So if anyone want to gain something then need wait till positive market. Today or tomorrow market will be positive there has no doubt.

[Kemarit]

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!

Turns out you were right after all, as currently, bitcoin after touching $56k or a little lower; seems to be heading back up currently, price is now above $57k heading towards $58k, if this momentum continues, I see a possibility that bitcoin Wil be back to $60k and above in a matter of days from now.

But let's not be too hopeful yet, we might see another significant drop again before we are finally done with the supposed short bear season, I am personally expecting a major bull run to begin towards the end of October this year.

We hit $58,000, but currently sitting at $57,500 this weekend, so it's good to see that we have bounce back already from the lowest of $54,000. But still there is this news about Mt. Gox that really put a dent on the price, so we should be just holding right now and buying during the downtrend.

Last quarter might be good to us, don't forget that we are in the bull run and maybe around September-October, we might see a huge movement already and before the end of the year, we could be in the $80,000 or even higher.

Just take this month as it is, and we shouldn't panic and remain calm. This is just a test for us, and weakest being eliminated as they readily going to push the sell button, but not for those diamond hands.