Month of May. Bitcoin price guess - page 4.

justdimin

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Quote from: lixer on May 03, 2023, 10:48:03 AM

The month didn't start very well with Bitcoin price falling from $29k to $27k within two days and is still dropping in value by this time, this clearly shows that the correction is still stagnant and we can see lower prices this month. I was thinking that the least we might see will be $25k but from the look of the price right now, I think that's not going to be the case.

If it continues like this, the price will touch $20k in May and may rise back to $30k within the same month if there are huge buybacks and buying pressure when it touches lower areas, there will also be a lot of panic selling for sure.

It is above 29k right now, it was about 29k give or take, just a few hundred dollars drop is nothing, even 1k drop is nothing in crypto, that is a tiny amount. Price could change so much drastically and shouldn't really be something you should feel worried about. Just know that this is not going to make you rich suddenly, and not going to make you poor suddenly neither, it is just doing stagnant regular movements and that is the normal version of the market.

Sometimes there are volatile periods when it goes up a lot and during those days you could see bitcoin move 10% higher or 10% lower and that would be understandable, there is nothing that could change at the moment and it will continue to be a lot worse than that, its going to be a terrible period.

ancafe

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Quote from: Oshosondy on April 30, 2023, 07:51:53 PM

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

The prediction space is wide open for anyone with various predicted price assumptions, then the question arises who can accurately predict the price of bitcoin?

The journey of bitcoin leaves history to be predicted and cycles to be a reference against which predictions are made, that is how speculators try to predict the price of bitcoin. Numbers are mathematically difficult to come by when people make predictions, but getting close to numbers is possible, hopefully in May is the first step for bitcoin to achieve halving and hope next year we will be close to ATH.

Quote from: Oshosondy on April 30, 2023, 07:51:53 PM

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

To be sure we have seen a figure around $29K and it continues to have a small correction on its way so far. Personally I don't think May will cross the $50K mark, as there may still be some caps preventing bitcoin from going beyond that price.

Wong Gendheng

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If you look at the movement of the last 30 days, I think in May it will be the same as before, the current price is around $ 29k, and in my opinion the highest price range will not be more than $ 30k, but this is a good motivation for us to continue to buy before the expensive price and We can't buy anymore.

ilovealtcoins

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Quote from: Lubang Bawah on May 05, 2023, 08:53:27 AM

May is an important month whether this year the market will rise or dip. If May rises and can pass the highest price last month, which is around $ 30k, then we have hope to see new ATH again, but if May is still below $ 30k so it's hard to see the market rising this year.

Why is May an important month? What are you talking about? All the months are the same. We're very close to $30k and it shouldn't be too hard to get over it. But there is no proof that if bitcoin breaks through $30k, there will be a bull season or a new ATH. Even if it is $50k, bitcoin has a chance to fall back, bitcoin is unpredictable.

GeorgeJohn

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Quote from: Lubang Bawah on May 05, 2023, 08:53:27 AM

May is an important month whether this year the market will rise or dip. If May rises and can pass the highest price last month, which is around $ 30k, then we have hope to see new ATH again, but if May is still below $ 30k so it's hard to see the market rising this year.

We all know that the market of cryptocurrency is never be a stagnant one, and it's very clear and understandable that what increases the market of cryptocurrency in some extent is the gravity of the demand, the demand of Bitcoin can make the value Bitcoin change from the figure you see Bitcoin to a higher figure, it depends on demand and supply, so that's while I don't be astonished when I see the price decreasing frequently after it might have gotten to a point where people or investors seems like the price is encouraging, so I believe that Bitcoin price accelerate at any point in time and same is applicable to degradation of the price, so that is while when so people quickly purchase Bitcoin by having in mind that Bitcoin will continue growing up but out of sudden the price Falls to unbelievable point, so we can't have fixed point that Bitcoin will be arriving to. The price falling and rising is a determination of the demands and supply as I stipulated or portray above my comment.

STT

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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

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.

Dr.Bitcoin_Strange

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Quote from: Oshosondy on April 30, 2023, 07:51:53 PM

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

I think Bitcoin price may not really go so high this month; IMO, the highest we should expect is $33k or below $30k (don't ask why, because I am not sure myself, just speculation). Although it's possible that Bitcoin can hit 35k–40kk this month, that's really going to be good and might be a good signe that we should expect more uptrend.

erep

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Quote from: Wiwo on May 05, 2023, 04:30:08 PM

Analyzing the entire market for a 3-4 month cycle could give you a better understanding of the Bitcoin chart and if you consider such a cycle you can be said to be right on your predictions of a possible 30k Bitcoin price between and during the space of 2-3 months, but we may rely on and around between the rang of 30k-33k for long and it may take us a full 6 months cycle for bitcoin to get to 35k.

Based on the recovery movement pattern, the $30k price will last longer and it is likely that the market will increase 35k-40k in a 6 month cycle, we do not expect a market correction now because there is no significant recovery opportunity yet if the market correction falls below 27k again in this month, market conditions In May, we can predict a price range of 30k-35k for the recovery area because the market has the potential to reach high prices this year

Wiwo

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Quote from: BobK71 on May 05, 2023, 03:13:32 PM

Quote from: Franctoshi on May 03, 2023, 11:09:51 AM

The market right now is stucked around $27k-28k, big indecision in the market and looking at where the price is , I'm short term Bearish as we fail to break above 30360 and retain that level , possibly the bears are trying to take charge and push the price low to test $25000 range , however I'm very bullish mid term and long term on Bitcoin.

Bitcoin Prediction is very difficult. Because it is capable of changing its direction in a short time. Because of this, the last two days, which was signalling the bearish tendency, it has started to rise again today. Currently traded on Bitcoin $29400. Bitcoin has increased by 2.5 per cent in the last 24 hours. It is expected that it will be bullish the next day as well. However, it can change its direction at any time. The month of May just started. Hopefully this month Bitcoin will be at least above $35k.

Bitcoin have shown a more bullish signal rather than a bearish signal as you mentioned BobK71, one thing we must know is the fact that but raise and corrections in the price of bitcoin which signal the volatility nature of bitcoin and that is what make Bitcoin speculations a hard task.

Analyzing the entire market for a 3-4 month cycle could give you a better understanding of the Bitcoin chart and if you consider such a cycle you can be said to be right on your predictions of a possible 30k Bitcoin price between and during the space of 2-3 months, but we may rely on and around between the rang of 30k-33k for long and it may take us a full 6 months cycle for bitcoin to get to 35k.

BobK71

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Quote from: Franctoshi on May 03, 2023, 11:09:51 AM

The market right now is stucked around $27k-28k, big indecision in the market and looking at where the price is , I'm short term Bearish as we fail to break above 30360 and retain that level , possibly the bears are trying to take charge and push the price low to test $25000 range , however I'm very bullish mid term and long term on Bitcoin.

Bitcoin Prediction is very difficult. Because it is capable of changing its direction in a short time. Because of this, the last two days, which was signaling the bearish tendency, it has started to rise again today. Currently traded on Bitcoin $29400. Bitcoin has increased by 2.5 percent in the last 24 hours. It is expected that it will be bullish next day as well. However, it can changes it's direction any time. The month of May just started. Hopefully this month Bitcoin will be at least above $35k.

dragonvslinux

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Well I did initially think a pull-back prior to testing around $32K, but since $28K has held as support, I'd say more like $34K even $36K is possible for this month before re-testing $30K as support. Notably there is now the same amount of support at $28K as there is resistance (volume wise) at $30K, even $29K as the mid-level that price is currently getting above. Bears have failed to even test $25K or $26K as new support:

Price is also riding the 50 Day MA that's trending to the upside very quickly after multiple days of testing it as support (purple line). With price returning to a textbook bullish uptrend after weeks of consolidation, I think the likelihood of a pull-back this month becomes increasingly unlikely after all. Bare in mind that the 5/6 weeks of consolidation is what can provide the momentum for another big move around +20% to the upside.

Similar to the last two months, the only missing piece of the puzzle is volume. If that re-appears in favour of the bulls then price can move quickly back to the upside imo and catch a lot of speculators off guard.

Odusko

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I am not entirely disappointed at the Bitcoin market price in April in fact, April is one of the months since the down price in 2022 November-December, this is what we should take note of before making any judgement about the subsequent months because the market condition has been on the green zone since the price of bitcoin makes many attempts to break out the bear zone by touching a 30k price severally before correcting back to below 30k Bitcoin price average and the resistance level have run between 27+ 28k and many attempts to climb up to 29k.

But then many traders who have speculated so much in the price have been disappointed at this moment since Bitcoin has controlled a price level that has made it hard to speculate what direction the market will go rightly.
So we are left to make speculations and wait for reality to prove itself, now that the price is sowing some green price movement we can take some DCA decisions.

Fesatmas

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Quote from: Oshosondy on April 30, 2023, 07:51:53 PM

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

In May I think Bitcoin will try again above the $ 30k price level, several times the rejection of Bitcoin in trying to stay at the level of $ 30k last April, if Bitcoin cannot touch the $ 30k price level then in May Bitcoin will only spin Among the price of $ 26k- $ 29k.
Judging from the Bitcoin line chart trend, the wayfall late II moved slowly in its increase, not the same as the price movement in April which was fairly high, this shows that Bitcoin moves like today, I just hope there is no FUD that can make Bitcoin continue experience correction.

fzkto

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Bitcoin has been green for four months in a row, which is a long time. This has not been common in bitcoin's history. I assume that the correction, which started at the end of April, will continue in May. Statistically, May is not the strongest month in all markets. I don't expect a serious fall, but I don't think we will see an increase either.

Lubang Bawah

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May is an important month whether this year the market will rise or dip. If May rises and can pass the highest price last month, which is around $ 30k, then we have hope to see new ATH again, but if May is still below $ 30k so it's hard to see the market rising this year.

Dave1

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Quote from: Questat on May 05, 2023, 06:00:05 AM

Well, OP, the 1st quarter of this year has a lot of terrible events on the market that also have a negative of the price trend. It comes up but it drops again due to some negative issues.

But January alone we have seen 40%+ and up to this month, there is a good sign of recovery. Lowest low of $15,500 and we reach $31k, so that is already 2x this quarter. And I'm not sure what terrible events you are referring in the first quarter because it didn't reflect on the price itself.

Quote from: Questat on May 05, 2023, 06:00:05 AM

Last month we got a good an increasing price, and a slow recovery but that is still okay at least the price of Bitcoin is able to reach $30k. And what are we gonna expect from this month of May? Can't assure but I don't expect a huge dump as well like it getting back below $20k instead, I was very optimistic that we remain on the $28k to $32k...

We might go sideways or we might see $32k, it really depends on the sentiment or if there is positive news that will come along this month. But I think we can say that the market is still very much in the bullish state, as we are still in $29k and no major correction.

Questat

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Well, OP, the 1st quarter of this year has a lot of terrible events on the market that also have a negative of the price trend. It comes up but it drops again due to some negative issues.
Last month we got a good an increasing price, and a slow recovery but that is still okay at least the price of Bitcoin is able to reach $30k. And what are we gonna expect from this month of May? Can't assure but I don't expect a huge dump as well like it getting back below $20k instead, I was very optimistic that we remain on the $28k to $32k...

Poker Player

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I agree with the sentiment of the majority. I think the price will most likely end the month above $30K, but without having passed $40K, as I don't see what could take us that high in such a short time.

I expect that, although with ups and downs, the price will continue to rise moderately as we are a year away from halving and that is what usually happens, although history does not have to repeat itself, but that does not mean that it will not necessarily do so. For the time being, we can hope that this is the most likely scenario.

If I had to specify further I would say between $32K and $35K.

Sir Legend

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I'm still optimistic that May will go up and reach at least $35k, maybe there will be another decline but I'm sure May will slowly go up, now more and more companies and countries are continuing to develop bitcoin until one day it becomes easy for us to use transaction.

virasog

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Quote from: Franctoshi on May 03, 2023, 11:09:51 AM

The market right now is stucked around $27k-28k, big indecision in the market and looking at where the price is , I'm short term Bearish as we fail to break above 30360 and retain that level , possibly the bears are trying to take charge and push the price low to test $25000 range , however I'm very bullish mid term and long term on Bitcoin.

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.

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