Month of May. Bitcoin price guess - page 2.

Jating

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Quote from: Agbe on May 10, 2023, 03:09:22 PM

This month of may, the price of Bitcoin is a chameleon it's changed anytime, the price of Bitcoin may go up or come down. The price of Bitcoin works with demand and supply, so nobody can be able to predict the price in the market. And the price is moving positively from $27k to $29k and $30k, maybe the price will hit $35k-$40k or will positively dropped to $25 or $20k, or will should wait for FED to experience rates so we can see important prices moves forward to $35k or $40k. At that moment there will be a lot of hype in the market for bitcoin.

Not sure when is the FED statement will be, but it's one of things that not just crypto enthusiasts wait bu the whole traditional market as it has definitely an effect on us. As for the supply and demand tenant, yeah that is the basis of our price movement. But we can say that at the current market price of $27k++ we are still good and we still have demands although it just went down because of the clogging of the network as far as I can see. But when everything is back to normal again, we might see investors getting back at the market, reinvest and we might still see at the end of the month, the price will be pushed to around $30k or more.

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This month of may, the price of Bitcoin is a chameleon it's changed anytime, the price of Bitcoin may go up or come down. The price of Bitcoin works with demand and supply, so nobody can be able to predict the price in the market. And the price is moving positively from $27k to $29k and $30k, maybe the price will hit $35k-$40k or will positively dropped to $25 or $20k, or will should wait for FED to experience rates so we can see important prices moves forward to $35k or $40k. At that moment there will be a lot of hype in the market for bitcoin.

indah rezqi

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Quote from: Pierre 2 on May 10, 2023, 12:05:28 AM

In my opinion Bitcoin price will go up and down this month so profits will be rather lower. I am expecting it possibly to drop 25k level at worst. And I am expecting it to hit 35k, as ceiling. I don't think we will experience drastic event this month. DXY is still too high for us to experience bigger Bitcoin rally. I think we should wait more for FED to cut rates so we can see important prices moves towards 40k or 50k, maybe. I suggest everyone to accumulate under 25k cause its too cheap.

Let's just say it sideway, I think it will be very likely during May. In fact I was surprised by the market reaction a few moments ago where bitcoin seemed to break through $28.3k but then took a free fall to $26.7k. This still indicates that the price of bitcoin tends to be pressured not to reach a higher resistance level so that the market is always among panicked traders.

$30k looks likely to be tough in May if the market puts up a strong resistance against continuing its uptrend. However, this shouldn't dampen our optimism, especially about the long-term potential.

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Quote from: Sebas.tian on May 09, 2023, 11:11:34 PM

Based on some of the signs we experienced from the crypto market early this year, showed that the price of Bitcoin will increase higher to reach $45,000 before the end of may because the price of Bitcoin is still moving between $29,000 and $28,000 which there is a hope of seeing bullish season any moment from now. I believe, this is the time to endure with your holding so that you will not regret when the price hit higher in this month of may which is the best month many traders are hoping to see massive pumping of Bitcoin before they can sell to make a good profits. I don't think, I will miss this opportunity because I bought Bitcoin when the price decreased last year which will be an opportunity for me to get something good when the price increase higher soon.

It's too big I think given the current state of affairs and with some things that are still unresolved at the moment $45k is still too big to do the math to the end of May but of course it could happen for this year but for now I think they can still go up a little bit by little.
At the moment it will continue to be positive I think and the possibility of the price returning to $ 30k or even more is still very possible for the end of May this time but when talking about a significant increase to $ 45k I think it's too heavy.
But if a pump like this happens, of course I'll be even happier, although in this case, when there is a significant increase, there will definitely be a sizeable correction in the end.

retreat

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Quote from: Sebas.tian on May 09, 2023, 11:11:34 PM

Based on some of the signs we experienced from the crypto market early this year, showed that the price of Bitcoin will increase higher to reach $45,000 before the end of may because the price of Bitcoin is still moving between $29,000 and $28,000 which there is a hope of seeing bullish season any moment from now. I believe, this is the time to endure with your holding so that you will not regret when the price hit higher in this month of may which is the best month many traders are hoping to see massive pumping of Bitcoin before they can sell to make a good profits. I don't think, I will miss this opportunity because I bought Bitcoin when the price decreased last year which will be an opportunity for me to get something good when the price increase higher soon.

$45K in my opinion is an irrational number to reach before the end of May given that we are currently in a sideway position and that in my estimation will take place in the next few months. There is no need to have high expectations that Bitcoin will be able to touch $40K or more because so far there has been nothing that supports Bitcoin to fly higher.

Bitcoin2009

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I think this month of May can make the market move positively, this is because until now there have been no more cases that have caused investors to panic like what happened in 2022, at that time in the middle of the year there was a LUNA case then at the end of the year there was an FTX case which made the market red and looks a lot who panic.

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Quote from: RealMalatesta on May 09, 2023, 03:40:05 PM

Quote from: Franctoshi on May 09, 2023, 07:02:31 AM

Obviously the possibility of Bitcoin holding the last support level we have at $26k is in decrease, which is a point of control for buyers, as sellers has continued on mounting of so much pressure towards the down side, just as the price is sitting right now on $27k.
It's healthy for the market to see price break out of a resistance and comes back to confirm it as a support, since we broke out of $25k, we haven't gotten a clear pullback into that zone and which I do think that the market is building up for.

I know we are all sad that it has gone under 28k and the fact that it is not doing that well this past week or so makes us all upset. But we are still at the start of the month, we are barely out of the first week, there is a good chance that we could end up with a good increase this month for sure. I am not saying that it will go on for a long time and keep decreasing, I feel like it could go back up, and see above 30k finally again. It has seen that last month and ever since that we have failed so far, and I feel like we could see that again this time around.

The best thing about it is the fact that we are going to end up with a lot of new people who will be in profit, all those people who bought now under 30k will be able to profit when the price goes back above 30k yet again.

No, I'm not upset that bitcoin is correcting, I even expect it to hit $25k or less, and that's when I'll keep filling my pockets with bitcoins. Bitcoin's rise or fall is not a serious matter if we are well prepared. When the price goes up, we make a profit, when the price goes down, instead of getting upset or panicking, we find a way to buy more. That way, we will see how fantastic bitcoin volatility is. CPI will be released tonight and I expect a chance for bitcoin to drop below $27k.

btc78

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Quote from: AnonBitCoiner on May 02, 2023, 09:20:31 AM

Price prediction is not easy and I think prediction not always become true so select bitcoin whatever the price is because everyone knows better that bitcoin will one day fulfil your dreams.

lol , that is why its called prediction because nothing is certain and constant and accurate .

Quote from: STT on May 05, 2023, 04:54:52 PM

I cant guess when we are on the precipice still, we dont know yet which way we go.

lot of changing these past days from the stable increasing last week, so maybe best to be ready as the price will decrease or increase in the next coming weeks.

Rigon

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Quote from: Oshosondy on April 30, 2023, 06:51:53 PM

Those that chose below $30000, bitcoin has disappointed you Grin

: Bitcoin price guess, 2023.

For those of you that have not chose anything, you can still partake in the poll.

What are people talking about now?
This is according to what I am hearing, that bitcoin rise from as low as less than $4000 to almost $14000 in 2019, that the highest price bitcoin might increase to this time may not reach $40000 because all-time-high is $69000. We are still around $30000, that bitcoin may increase up to almost $40000

Let us continue the fun of monthly price guess. What did you think will be bitcoin highest price in May?

We saw from the April price chart that Bitcoin reached $31,000. After that, the market stopped growing and slowly started to decline. We might have thought that Bitcoin could reach $40,000 by the end of April. But it failed there and by the month of May, Bitcoin started to gradually decline. Another problem added to this is the exorbitant increase in transaction fees for Bitcoin transactions. People are now in a difficult situation to transact due to the exorbitant increase in Bitcoin transaction fees. However, if this problem is resolved, I think Bitcoin will start to rise again and the highest Bitcoin can be between $33,000 to $38,000 by May.

Pierre 2

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In my opinion Bitcoin price will go up and down this month so profits will be rather lower. I am expecting it possibly to drop 25k level at worst. And I am expecting it to hit 35k, as ceiling. I don't think we will experience drastic event this month. DXY is still too high for us to experience bigger Bitcoin rally. I think we should wait more for FED to cut rates so we can see important prices moves towards 40k or 50k, maybe. I suggest everyone to accumulate under 25k cause its too cheap.

bitzizzix

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Quote from: Sebas.tian on May 09, 2023, 11:11:34 PM

Based on some of the signs we experienced from the crypto market early this year, showed that the price of Bitcoin will increase higher to reach $45,000 before the end of may because the price of Bitcoin is still moving between $29,000 and $28,000 which there is a hope of seeing bullish season any moment from now. I believe, this is the time to endure with your holding so that you will not regret when the price hit higher in this month of may which is the best month many traders are hoping to see massive pumping of Bitcoin before they can sell to make a good profits. I don't think, I will miss this opportunity because I bought Bitcoin when the price decreased last year which will be an opportunity for me to get something good when the price increase higher soon.

If you predict the price of bitcoin will reach 45k and you too would say this is the right time to hold it. And I think it's wrong because if you think bitcoin will reach 45k better keep buying as long as bitcoin is below 35k then hold it for long term and that is much better and profitable because if your prediction is correct and the price is below 35k is the best discount to charge your holdings .
or you do DCA as long as the price is still below your prediction, don't easily give up making purchases as long as the price hasn't reached the target or reached a new ATH. Because long term is the best option and always gives good returns as long as you buy dips or DCA.

Sebas.tian

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Based on some of the signs we experienced from the crypto market early this year, showed that the price of Bitcoin will increase higher to reach $45,000 before the end of may because the price of Bitcoin is still moving between $29,000 and $28,000 which there is a hope of seeing bullish season any moment from now. I believe, this is the time to endure with your holding so that you will not regret when the price hit higher in this month of may which is the best month many traders are hoping to see massive pumping of Bitcoin before they can sell to make a good profits. I don't think, I will miss this opportunity because I bought Bitcoin when the price decreased last year which will be an opportunity for me to get something good when the price increase higher soon.

kotajikikox

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Quote from: STT on May 05, 2023, 04:54:52 PM

I cant guess when we are on the precipice still, we dont know yet which way we go.

This is us in the vice still, do I know which way we break for sure. Im wearing safety glasses as I dont know Tongue

your Eyes is only protected by Glasses but not your wallet lol , and indeed that there are no way for assurance but maybe looking to above 30k is much better?

..Bitcoin maintaining a 27k and above price .

..Graph are showing strong hold .

Quote

So today is a positive day but its positive only upto this resistance registering a few times. Of course we can presume we continue to gain and I do think BTC has positive action but I would much rather guess after we trade above and confirm above this ceiling. Good volume today but not the best ever and not yet strong confidence, definitely dont presume gains. I do presume sideways is the summary for some months yet, so I will often have to balance my positive view with a target to the downside many times also. I remain undecided in wait.

well , that day maybe , but the following days? Wink

look at the price of Bitcoin today and the graph.
it shows difficult position for Bitcoin expecting to climb high this may .

EarnOnVictor

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Quote from: GeorgeJohn on May 09, 2023, 05:48:17 PM

Quote from: RealMalatesta on May 09, 2023, 03:40:05 PM

Quote from: Franctoshi on May 09, 2023, 07:02:31 AM

Obviously the possibility of Bitcoin holding the last support level we have at $26k is in decrease, which is a point of control for buyers, as sellers has continued on mounting of so much pressure towards the down side, just as the price is sitting right now on $27k.
It's healthy for the market to see price break out of a resistance and comes back to confirm it as a support, since we broke out of $25k, we haven't gotten a clear pullback into that zone and which I do think that the market is building up for.

I know we are all sad that it has gone under 28k and the fact that it is not doing that well this past week or so makes us all upset. But we are still at the start of the month, we are barely out of the first week, there is a good chance that we could end up with a good increase this month for sure. I am not saying that it will go on for a long time and keep decreasing, I feel like it could go back up, and see above 30k finally again. It has seen that last month and ever since that we have failed so far, and I feel like we could see that again this time around.

The best thing about it is the fact that we are going to end up with a lot of new people who will be in profit, all those people who bought now under 30k will be able to profit when the price goes back above 30k yet again.

We should not have negative instinct concerning Bitcoin increment and decrement, because I believe that Bitcoin when it experience increment it also experience decrement, so it depends on your point or your concernment towards it increment, because knew that the price of Bitcoin never be stable and their is every tendency that you might catch up with the price higher and within two days intervals you see Bitcoin price decreased.

If one can't have a negative or positive sentiment on Bitcoin, why are they then speculating? There are three conditions that the market might satisfy at a given time, it's either it's positive, negative or neutral, and traders should get ready to act immediately after their studies align with any of the three conditions. As it is now, Bitcoin is under pressure, at least for the short-term disposition, no sensible trader will buy it at this time.

And as for me, I will even wait until the market breaches the high of 2023 at $30934 before concluding on a bullish bias in May. Else, it's selling all the way.

GeorgeJohn

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Quote from: RealMalatesta on May 09, 2023, 03:40:05 PM

Quote from: Franctoshi on May 09, 2023, 07:02:31 AM

Obviously the possibility of Bitcoin holding the last support level we have at $26k is in decrease, which is a point of control for buyers, as sellers has continued on mounting of so much pressure towards the down side, just as the price is sitting right now on $27k.
It's healthy for the market to see price break out of a resistance and comes back to confirm it as a support, since we broke out of $25k, we haven't gotten a clear pullback into that zone and which I do think that the market is building up for.

I know we are all sad that it has gone under 28k and the fact that it is not doing that well this past week or so makes us all upset. But we are still at the start of the month, we are barely out of the first week, there is a good chance that we could end up with a good increase this month for sure. I am not saying that it will go on for a long time and keep decreasing, I feel like it could go back up, and see above 30k finally again. It has seen that last month and ever since that we have failed so far, and I feel like we could see that again this time around.

The best thing about it is the fact that we are going to end up with a lot of new people who will be in profit, all those people who bought now under 30k will be able to profit when the price goes back above 30k yet again.

We should not have negative instinct concerning Bitcoin increment and decrement, because I believe that Bitcoin when it experience increment it also experience decrement, so it depends on your point or your concernment towards it increment, because knew that the price of Bitcoin never be stable and their is every tendency that you might catch up with the price higher and within two days intervals you see Bitcoin price decreased.

Baofeng

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Quote from: RealMalatesta on May 09, 2023, 03:40:05 PM

Quote from: Franctoshi on May 09, 2023, 07:02:31 AM

Obviously the possibility of Bitcoin holding the last support level we have at $26k is in decrease, which is a point of control for buyers, as sellers has continued on mounting of so much pressure towards the down side, just as the price is sitting right now on $27k.
It's healthy for the market to see price break out of a resistance and comes back to confirm it as a support, since we broke out of $25k, we haven't gotten a clear pullback into that zone and which I do think that the market is building up for.

I know we are all sad that it has gone under 28k and the fact that it is not doing that well this past week or so makes us all upset. But we are still at the start of the month, we are barely out of the first week, there is a good chance that we could end up with a good increase this month for sure. I am not saying that it will go on for a long time and keep decreasing, I feel like it could go back up, and see above 30k finally again. It has seen that last month and ever since that we have failed so far, and I feel like we could see that again this time around.

The best thing about it is the fact that we are going to end up with a lot of new people who will be in profit, all those people who bought now under 30k will be able to profit when the price goes back above 30k yet again.

I don't think we should be sad, we just have to stomach this another downtrend. Yeah, we are talking about $30k or even higher for this month. But I will say that at the back of my mind, I seeing a downtrend and retesting as well as $25k, but I hope I will be wrong.

Lots of pattern has been forming base on the chart (head and shoulder), so it means there are a lot of movement that can really happen for this might. But in a hindsight, if it forms a bearish trend, then just take advantage of the situation and continue to accumulate.

RealMalatesta

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Quote from: Franctoshi on May 09, 2023, 07:02:31 AM

Obviously the possibility of Bitcoin holding the last support level we have at $26k is in decrease, which is a point of control for buyers, as sellers has continued on mounting of so much pressure towards the down side, just as the price is sitting right now on $27k.
It's healthy for the market to see price break out of a resistance and comes back to confirm it as a support, since we broke out of $25k, we haven't gotten a clear pullback into that zone and which I do think that the market is building up for.

I know we are all sad that it has gone under 28k and the fact that it is not doing that well this past week or so makes us all upset. But we are still at the start of the month, we are barely out of the first week, there is a good chance that we could end up with a good increase this month for sure. I am not saying that it will go on for a long time and keep decreasing, I feel like it could go back up, and see above 30k finally again. It has seen that last month and ever since that we have failed so far, and I feel like we could see that again this time around.

The best thing about it is the fact that we are going to end up with a lot of new people who will be in profit, all those people who bought now under 30k will be able to profit when the price goes back above 30k yet again.

Franctoshi

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Quote from: savetheFORUM on May 08, 2023, 12:53:05 AM

Though there is buying pressure, I don't see much improvement, the pattern in 1-day candles signals a drop in my opinion and that is probably the reason why its unable to hold the price above $29k, by the time of writing this, it is again below $29k and isn't looking strong at all. It just feels like it can go down any time now.

I believe May is not the month for Bitcoin to break the resistance at $30k and go beyond it, we are more on the verge of a drop at this point and if that happens, it will obviously take some time to recover back and gain momentum again.

Obviously the possibility of Bitcoin holding the last support level we have at $26k is in decrease, which is a point of control for buyers, as sellers has continued on mounting of so much pressure towards the down side, just as the price is sitting right now on $27k.
It's healthy for the market to see price break out of a resistance and comes back to confirm it as a support, since we broke out of $25k, we haven't gotten a clear pullback into that zone and which I do think that the market is building up for.

bestcoins1

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Quote from: DeathAngel on May 07, 2023, 01:31:27 PM

My guess for the highest price in May is something like $33,000. I think the price is holding up well in reaction to a bunch of banks going bust in the US. Maybe this means the chance for further downside is limited. So yes, my estimate is that we will see a new yearly high of $33,000 in May.

I also hope that the price level that you said can occur within this month, although I had no idea about the price level of $33K this May. Because of the difficulty of the increase to pass $30K in early May this makes me think that the high level of the Bitcoin price this month is probably still at $30K so I don't think it will be more than that now. And the bankruptcy of several banks in the US can also trigger an increase in the price of Bitcoin because those who have a lot of money in the bank, may put some of their money into Bitcoin this year.

savetheFORUM

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Quote from: virasog on May 04, 2023, 05:46:37 PM

We cannot say with certainty that in which month the bitcoin price will break the resistance of 30,000$ and trade about it. Right now as it is clear that bitcoin is unable to break this resistance between 30k-32K. However, one thing is sure that the bulls are back in the business and there is a lot of buying pressure as bitcoin does not fall much and it is trading in a tight range.

Sooner or later this resistance may be broken and then i think bitcoin will fly towards the 45-48K area. At that moment there will be a lot of hype in the market for bitcoin going to all time high and we may see unusual price action in bitcoin.

Though there is buying pressure, I don't see much improvement, the pattern in 1-day candles signals a drop in my opinion and that is probably the reason why its unable to hold the price above $29k, by the time of writing this, it is again below $29k and isn't looking strong at all. It just feels like it can go down any time now.

I believe May is not the month for Bitcoin to break the resistance at $30k and go beyond it, we are more on the verge of a drop at this point and if that happens, it will obviously take some time to recover back and gain momentum again.

Topic: Month of May. Bitcoin price guess - page 2. (Read 904 times)