What are your bitcoin May/June price analysis?

Baofeng

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Quote from: erep on July 21, 2023, 02:01:38 PM

Quote from: RewFrew on July 21, 2023, 10:16:14 AM

I think market will pump soon. Many good news coming. So uptrend situation seeing. It seems that bitcoin price will touch $40k within 1/2 month. I believe that who are bought bitcoin in $16k-$20k they are lucky. Because they are already profited near about 2x. I also bought small amount of bitcoin now i am also profited. When bitcoin price will touch $36k then my profit will 2x.

I doubt bitcoin will touch $40k in 1/2 month from your forecast because reaching $40k price should support some big news factors to influence market bullish, but I predict at least late year or early next year for stable price of $40k but nothing is impossible for crypto market to reach any price if dominant buying demand increases under certain conditions.

You are a wise investor in terms of managing funds for investment because many other investors have invested at the highest prices because they do not have a strategy of investing in bitcoin at the lowest prices using reserve funds, you are very lucky to have had bitcoin investments for almost 2x profits and if the market has a bullish market opportunity, profits will increase.

We indeed have reach $31k, unfortunately, it didn't have that momentum to hold that price. So if we are talking about May/June price as per the title here, it's obvious that we didn't reach $40k.

But short term or at least at the end of the year, it could be doable for us. Maybe as we approach the last quarter of the year, we might be in some bullish sentiments. So I will not be surprised if this price is going to be touch. $40k-$50k but might a good estimates at the end of 2023.

ShowOff

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Quote from: erep on July 21, 2023, 02:01:38 PM

Quote from: RewFrew on July 21, 2023, 10:16:14 AM

I think market will pump soon. Many good news coming. So uptrend situation seeing. It seems that bitcoin price will touch $40k within 1/2 month. I believe that who are bought bitcoin in $16k-$20k they are lucky. Because they are already profited near about 2x. I also bought small amount of bitcoin now i am also profited. When bitcoin price will touch $36k then my profit will 2x.

I doubt bitcoin will touch $40k in 1/2 month from your forecast because reaching $40k price should support some big news factors to influence market bullish, but I predict at least late year or early next year for stable price of $40k but nothing is impossible for crypto market to reach any price if dominant buying demand increases under certain conditions.

You are a wise investor in terms of managing funds for investment because many other investors have invested at the highest prices because they do not have a strategy of investing in bitcoin at the lowest prices using reserve funds, you are very lucky to have had bitcoin investments for almost 2x profits and if the market has a bullish market opportunity, profits will increase.

It doesn't matter if you have doubts about $40k in the next 1 to 2 months, but $40k is a price that bitcoin is very likely to reach if there is good news backing it. So far many major investors are preparing to buy bitcoin as a long-term investment asset, those plans are very likely to be influenced by the upcoming halving in 2024.

Of course it's true that it's a bit hard to expect $40k to hit anytime soon, but it's always possible for bitcoin. The halving is still far away so instead of thinking about higher prices I think it would be wise to accumulate bitcoin if you want to get big returns from them after the halving.

erep

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Quote from: RewFrew on July 21, 2023, 10:16:14 AM

I think market will pump soon. Many good news coming. So uptrend situation seeing. It seems that bitcoin price will touch $40k within 1/2 month. I believe that who are bought bitcoin in $16k-$20k they are lucky. Because they are already profited near about 2x. I also bought small amount of bitcoin now i am also profited. When bitcoin price will touch $36k then my profit will 2x.

I doubt bitcoin will touch $40k in 1/2 month from your forecast because reaching $40k price should support some big news factors to influence market bullish, but I predict at least late year or early next year for stable price of $40k but nothing is impossible for crypto market to reach any price if dominant buying demand increases under certain conditions.

You are a wise investor in terms of managing funds for investment because many other investors have invested at the highest prices because they do not have a strategy of investing in bitcoin at the lowest prices using reserve funds, you are very lucky to have had bitcoin investments for almost 2x profits and if the market has a bullish market opportunity, profits will increase.

RewFrew

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I think your idea was good. In may-june bitcoin price was near about $$24k-$30k so your prediction was perfect i think. Now bitcoin price near about $30k some time it some increasing and some times its price decreasing. But after some time it Again come in $30k range. We can tall it has now stable in $30k. I think market will pump soon. Many good news coming. So uptrend situation seeing. It seems that bitcoin price will touch $40k within 1/2 month. I believe that who are bought bitcoin in $16k-$20k they are lucky. Because they are already profited near about 2x. I also bought small amount of bitcoin now i am also profited. When bitcoin price will touch $36k then my profit will 2x.

bots1

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Quote from: yohananaomi on June 07, 2023, 02:35:23 PM

Quote from: asrinur on June 07, 2023, 10:54:39 AM

I think the third quarter of this year will be a key moment to determine whether the crypto market can sustain the price increases experienced in the first quarter. The main question for the third quarter is whether there will be more Fed monetary policy. We hope to at least provide some stability whereby Bitcoin does not suffer too sharp a correction in the third quarter of this year.

every policy will certainly at least have an impact on crypto trading, but whether the policy has a prolonged impact or not, will also be determined by other situations, especially world economic developments. It doesn't look like the third quarter will provide the same impetus as it did at the start of the year, because I think that is when it will approach the halving period which always coincides with an increase, so a correction is likely to occur. usually after a correction it will get better again and this continues to be done by bitcoin, but will it be like that later? we will wait, by holding on if possible to continue to buy.

The impact of policies implemented by the government may or may not last for a long time, depending on other situations, especially global economic developments. Factors such as economic conditions, investor sentiment and other global events can play an important role in determining the long-term impact of the policy. While the third quarter is unlikely to provide the same impetus as earlier in the year and could experience a correction, it is a normal part of market cycles and is often followed by a price recovery.

Mario Yamasaki

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It can be said that my predictions for the prices for May and June were correct because the price of bitcoin was in the range of $26k to $28k, unfortunately I only bought around $260 because I also bought several altcoins like MATIC, TRX and others, and the good thing is that the altcoins also increased significantly when bitcoin price today is up more than 4%.

AakZaki

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Quote from: yohananaomi on July 06, 2023, 07:03:47 AM

doesn't seem to be happening and it's rising again and could be $30K, but overall since the start of the year it's seen a 2x increase, which is a very good thing. at least we hope that if there is a correction not to the same as at the beginning of the year and can be in the range of $ 17K-$ 20K, of course it is very good, especially if it can stay at $ 35K-$ 45K until the end of the year, before it will increase slowly at the beginning of entering the era of halving period in 2024.

At the end of the year, we are optimistic that the price can reach $40k and that is supported by the market that is bullish again and still holding at $30k and above. If there is a correction it will not be deep. But if the correction reaches $20k-$17k then it will be the next market crash. But let's just hope that aik and FUD don't appear again. staying at $35k-$45k is high enough. Hope the beginning of 2024 will be a good start for bitcoin and crypto

armanda90

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Quote from: CageMabok on July 06, 2023, 07:51:40 AM

A price range of $35K-$45K for the year is a pretty logical thing to expect as I've seen Bitcoin come close to $32K several times in the past few days. This means that Bitcoin could be at $ 35K in the near future if the increase continues and does not experience a large correction like last year. I believe this because next year there will be a halving period which is usually the best moment for Bitcoin to increase in price even more significantly.

Raise to $35,000 until $40,000 looks logical because Bitcoin price in this month stable on area $30,000 until current price right now on $31,000. I don't think has chance for Bitcoin can raise until $45,000 because difficult with $15,000 movement directly for Bitcoin due many bad news publish suddenly from SEC commission. Lately Bitcoin not get bigger corection and consistent without three until one week back to higher price again, but most import for Bitcoon raise until $40,000 without any problem and against from SEC have bigger impact with their announcement make bitcoin drop.

Give all predict about Bitcoin price in this month and how possibility will raise above $40,000 or correction will come in this month and make bitcoin drop under $25,000?

uswa56

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Quote from: yohananaomi on July 06, 2023, 07:03:47 AM

Quote from: 19Nov16 on June 14, 2023, 11:33:27 PM

Today there is a correction that is around 3% and makes the price drop below $ 25k, of course many are worried that the price will continue to drop and below $ 20k, this proves that the strategy to sell immediately when a profit is at least 10% is the best way, We see whether Bitcoin can return to $ 30K this month or not.

doesn't seem to be happening and it's rising again and could be $30K, but overall since the start of the year it's seen a 2x increase, which is a very good thing. at least we hope that if there is a correction not to the same as at the beginning of the year and can be in the range of $ 17K-$ 20K, of course it is very good, especially if it can stay at $ 35K-$ 45K until the end of the year, before it will increase slowly at the beginning of entering the era of halving period in 2024.

It is very possible and now we are staying longer around the price of 30k for a long time I think, if you look at the price movement this year, the correction that has occurred will not last long and will increase in price again, although slowly, this is quite a thing postive I think and I think the same thing will continue to happen throughout this year.

CageMabok

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Quote from: 19Nov16 on June 14, 2023, 11:33:27 PM

Today there is a correction that is around 3% and makes the price drop below $ 25k, of course many are worried that the price will continue to drop and below $ 20k, this proves that the strategy to sell immediately when a profit is at least 10% is the best way, We see whether Bitcoin can return to $ 30K this month or not.

You said that in the middle of last month and I hope you also didn't miss the opportunity to see how the Bitcoin price was at the end of last month and also at the beginning of this month. Because I have seen how Bitcoin passed the price of $31K earlier this month even though the correction is still happening, but what makes me still optimistic is that there is still an increase in price not so long after the correction in Bitcoin. So I think the way you suggest is still not suitable for running now, especially in terms of selling Bitcoin faster.

Quote from: yohananaomi on July 06, 2023, 07:03:47 AM

doesn't seem to be happening and it's rising again and could be $30K, but overall since the start of the year it's seen a 2x increase, which is a very good thing. at least we hope that if there is a correction not to the same as at the beginning of the year and can be in the range of $ 17K-$ 20K, of course it is very good, especially if it can stay at $ 35K-$ 45K until the end of the year, before it will increase slowly at the beginning of entering the era of halving period in 2024.

A price range of $35K-$45K for the year is a pretty logical thing to expect as I've seen Bitcoin come close to $32K several times in the past few days. This means that Bitcoin could be at $ 35K in the near future if the increase continues and does not experience a large correction like last year. I believe this because next year there will be a halving period which is usually the best moment for Bitcoin to increase in price even more significantly.

yohananaomi

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Quote from: 19Nov16 on June 14, 2023, 11:33:27 PM

Today there is a correction that is around 3% and makes the price drop below $ 25k, of course many are worried that the price will continue to drop and below $ 20k, this proves that the strategy to sell immediately when a profit is at least 10% is the best way, We see whether Bitcoin can return to $ 30K this month or not.

doesn't seem to be happening and it's rising again and could be $30K, but overall since the start of the year it's seen a 2x increase, which is a very good thing. at least we hope that if there is a correction not to the same as at the beginning of the year and can be in the range of $ 17K-$ 20K, of course it is very good, especially if it can stay at $ 35K-$ 45K until the end of the year, before it will increase slowly at the beginning of entering the era of halving period in 2024.

Baofeng

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Quote from: Stavri on May 30, 2023, 02:41:00 PM

June usually more positive and green comparing to may.

But as we have seen already, the practice has been broken, although we still have a couple more days before the end of June and hopefully we can still stay above the $30k level. And if that happens, then we can say with certainty that a new pattern have emerge already.

So gonna be interesting, we've seen $31k being reach, and now we are staying and have a support line at $30k.

Everything looks good at this point and thanks to Blackrock for hyping their Bitcoin spot ETF application.

kotajikikox

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Quote from: Ojima-ojo on June 25, 2023, 05:15:08 PM

Quote from: kotajikikox on June 25, 2023, 08:05:17 AM

Quote from: Stavri on May 30, 2023, 02:41:00 PM

June usually more positive and green comparing to may.

It may be good this year but not constantly happening each time, and also June is not ending so basically there can be more situation to come this june end .
And also if ever there is something good or best? It will be the coming year in which rated as halving year.

The next year holds alot of things in stock for bitcoin as one of the most celebrated cycle event (halven) will happen in the bitcoin network and also as the case may be, the bitcoin block size is going to reduce to half which is a good way for the market to value to increase significantly and sufficiently, this is why most Bitcoin long term holders are not seeing the current market movement as something to be most celebrated.

Because we have the potential of having x2 of the current price of Bitcoin after the halves in the next year.

there is no argument about that because like you and many of us believes that the next halving will bring us better result from our trust in all of our investments and not only for bitcoin but also altcoins .
x2? that maybe a little far for me because at least I wanna see 100k or even closer .
b ut yes it is celebrated and I love it when it comes.

Ojima-ojo

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Quote from: kotajikikox on June 25, 2023, 08:05:17 AM

Quote from: Stavri on May 30, 2023, 02:41:00 PM

June usually more positive and green comparing to may.

It may be good this year but not constantly happening each time, and also June is not ending so basically there can be more situation to come this june end .
And also if ever there is something good or best? It will be the coming year in which rated as halving year.

The next year holds alot of things in stock for bitcoin as one of the most celebrated cycle event (halven) will happen in the bitcoin network and also as the case may be, the bitcoin block size is going to reduce to half which is a good way for the market to value to increase significantly and sufficiently, this is why most Bitcoin long term holders are not seeing the current market movement as something to be most celebrated.

Because we have the potential of having x2 of the current price of Bitcoin after the halves in the next year.

kotajikikox

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Quote from: Stavri on May 30, 2023, 02:41:00 PM

June usually more positive and green comparing to may.

It may be good this year but not constantly happening each time, and also June is not ending so basically there can be more situation to come this june end .
And also if ever there is something good or best? It will be the coming year in which rated as halving year.

19Nov16

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Today there is a correction that is around 3% and makes the price drop below $ 25k, of course many are worried that the price will continue to drop and below $ 20k, this proves that the strategy to sell immediately when a profit is at least 10% is the best way, We see whether Bitcoin can return to $ 30K this month or not.

dansus021

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Quote from: Desscount on June 13, 2023, 02:10:59 PM

in May Bitcoin was able to reach $ 30k and I was surprised about that but unfortunately it was a bull trap,
even in June many had predicted a bullish month but the price actually fell,
even though good news from China could make the market bullish, unfortunately it didn't achievable.

I actually still believe if June or July the price will touch the 30K level again but after everything is settled down like SEC case and all fud that been going right now.

anyway did china have good news, last news that I remembered the China is banning the crypto but HongKong in the other hand is regulate crypto in good way

Desscount

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ComboLabs

in May Bitcoin was able to reach $ 30k and I was surprised about that but unfortunately it was a bull trap,
even in June many had predicted a bullish month but the price actually fell,
even though good news from China could make the market bullish, unfortunately it didn't achievable.

nlovric

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Quote from: savetheFORUM on June 12, 2023, 02:45:23 PM

Quote from: nlovric on June 10, 2023, 05:27:55 AM

Quote from: Kemarit on June 10, 2023, 04:57:29 AM

Wow, do you see the future though to say accurately that in August we will reach $40,000 or more? Everyone here is just making a wild and educate guess and unless you have the TA to back it up then it's hard to believed you, to be honest.

Snip...

You are 100% correct that given the speculative character of the market it is difficult to guess the price of Bitcoin in the future. Everyone is generating their own projections here and whether Bitcoin will cost $40k or $50k at the start of August is totally hypothetical. There is not a perfect analysis that can be given for that. The recent SEC vs Binance case and the issues with Coinbase have undoubtedly had a detrimental impact on the market. A significant price increase for Bitcoin was predicted by several analysts for May or June however it did not happen as predicted. Instead the price typically fluctuated in a band between 28 and 25 illustrating the market present sideways tendency.

August is 2 months away. If we can go back to $30k this month, there is a chance that we can go above $30k in July and maybe by the time we move on August, we are now in $40k already. As for $50k, maybe it will happen in September and onwards.

It's okay to not be perfect when it comes to analyzing but what important is you try your best on what you think the closest value will be. Didn't knew that Coinbase do also has its own issue and we hardly seen a change in the price last time because the price is still stable at $27k but it was the Binance one are the ones who shake it. Until now we still feel its impact. Guess that is because Binance is much bigger. We should not panic as it will only make the situation worse. I know Binance can be able to resolve their problem.

True Although it is difficult to anticipate with absolute confidence your analysis points to a bright future. It is possible to surpass that amount in July and possibly reach $40k by August if we see a comeback to $30k this month. The timetable you suggest for receiving $50,000 in September also seems acceptable. Although market analysis is not a precise science it is important to make a sincere effort to determine the values that are the closest. It should be noted that Coinbase has its own set of problems and given its considerable presence we saw how Binance actions affected the price stability. It is critical to maintain composure and confidence that Binance as a big player will be able to overcome any issues they face.

savetheFORUM

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Quote from: nlovric on June 10, 2023, 05:27:55 AM

Quote from: Kemarit on June 10, 2023, 04:57:29 AM

Wow, do you see the future though to say accurately that in August we will reach $40,000 or more? Everyone here is just making a wild and educate guess and unless you have the TA to back it up then it's hard to believed you, to be honest.

In any case, we have seen that the price is really on the sideways since like April or start of May. There's no major breakout, except when we reach as high as $31,000 and we thought that it could be sustainable but it's not as the price goes down hard and then we have the SEC vs Binance that really affect the price this week.

You are 100% correct that given the speculative character of the market it is difficult to guess the price of Bitcoin in the future. Everyone is generating their own projections here and whether Bitcoin will cost $40k or $50k at the start of August is totally hypothetical. There is not a perfect analysis that can be given for that. The recent SEC vs Binance case and the issues with Coinbase have undoubtedly had a detrimental impact on the market. A significant price increase for Bitcoin was predicted by several analysts for May or June however it did not happen as predicted. Instead the price typically fluctuated in a band between 28 and 25 illustrating the market present sideways tendency.

August is 2 months away. If we can go back to $30k this month, there is a chance that we can go above $30k in July and maybe by the time we move on August, we are now in $40k already. As for $50k, maybe it will happen in September and onwards.

It's okay to not be perfect when it comes to analyzing but what important is you try your best on what you think the closest value will be. Didn't knew that Coinbase do also has its own issue and we hardly seen a change in the price last time because the price is still stable at $27k but it was the Binance one are the ones who shake it. Until now we still feel its impact. Guess that is because Binance is much bigger. We should not panic as it will only make the situation worse. I know Binance can be able to resolve their problem.

Topic: What are your bitcoin May/June price analysis? (Read 873 times)