Topic: What are your bitcoin May/June price analysis? - page 2. (Read 873 times)

While some may be pessimistic about the current state of the market and forecast a potential negative impact, others may hold a more optimistic outlook. Price fluctuations can occur due to a variety of factors, including FUD, market sentiment, regulatory developments, macroeconomic trends and global events. Now is the time when people think about considering the long-term growth potential of cryptocurrencies like Bitcoin as a store of value, an inflation hedge, and an alternative investment asset.

The SEC has certainly had a bigger impact on crypto price swings so far, but you shouldn't panic about it. Try to relax and see how this impact diminishes on its own over time, but you need to hold on to your assets and it is much better to accumulate as much as you can. I'm pretty sure bitcoin will bounce back, even $40k can still be expected for 2023.

Try to avoid panic as much as you can and hold your assets in wallet that gives you full custody. If you've been save it on the exchange, then withdraw the funds and save them in your own wallet.

Yes indeed this month FUD is very much today, especially the target of the SEC is the world's biggest exchange, and indeed it seems that there are many people melting their assets from the market, and there are many issues that binance has the same scheme in the use of customer funds such as FTX.
But keep in mind that those affected by FUD are not Bitcoin, but the attack is Altcoin, a lot of Altcoin lists are sued by SEC, especially those traded in America, a lot of exchanges are delisting from their exchanges.

It needs to be said again that those affected by FUD are not bitcoin, in other words that I think, investors who are liquidated their assets from Altcoin will switch to Bitcoin, this will be similar in 2019 if I still remember it, the Altcoin market will bleed, but Bitcoin will Showing its performance and continues to penetrate the price level that has not been passed to return to the last ATH.
So I think that accumulating Bitcoin in June is the right decision and is a fortune in your life, before Bitcoin enters the Bullrun phase.
Bearish will take a long time, if Altcoin is, if it is truly binance bankrupt, and it might remind me of the incident of MT.gox.

I think if seen from the sentiment, the impact of the SEC policy on Altcoin which is considered securities is prohibited from trading, especially in the American market, that is what causes fear and decline, if seen from the global economy I don't think it is too influential when everything is more visible good and in May we have seen price growth in the market.

I believe that the current decline in Bitcoin prices is due to a large stock exchange inspection by the SEC, which makes some people who frequently use exchanges withdraw and save their assets in other forms, making it difficult for Bitcoin prices to increase and also less stable. The influence of the global economic recession does exist, but for now I believe more that this decline in prices is the result of the exchange being examined by the SEC even though there are other possible causes.

At the beginning of june i was optimistic that june could be better than april and may, unfortunately what happened was the opposite, prices continued to decline and made us have to be aware of current market conditions, lots of advice from experts to be aware of global economic recession storms which will certainly impact on the cryptocurrency industry.

Mid-June is underway, and the price still shows no sign of a significant rebound or at least a return to its half-year high, and we would expect Bitcoin to at least recover to $30k or more from that price. And of course we think for those Investors who invest in Bitcoin take advantage of some of this time in the still low market price they buy to hold in the long term.

But in fact this does not only apply to large investors, we think that those who are small investors do this, including we run it as optimally as possible to take advantage of this situation to continue to buy and store long-term, because we think this is a time gap. which is good for accumulating to be made into a savings asset or a better long-term investment to do.

I wouldn't count on the FTX relaunch to have any impact on the cryptocurrency market. Their reputation is badly damaged and even if it can recover, it won't be fast. As for Binance, I also think CZ will be able to stand up to the SEC. But there are still a lot of issues with some coins and tokens, which also can't be resolved quickly. All this has a negative impact on the market and indirectly on bitcoin.

Now that we have 3 weeks remaining for 2nd quarter to end meaning half of the year is ending , yet we have not seen any better movement aside from at least 10% increase
https://coinmarketcap.com/currencies/bitcoin/markets/
till this moment Bitcoin is struggling to break 30k again though there is a good thread i come across telling that we will see 40k breaking any time soon.

Actually everyone thought same in cryptocurrency market, so I believe that bitcoin price will continue to accelerate in price till now, not knowing that the price of bitcoin is something that's unpredictable, so therefore it's encouraging that bitcoin doesn't have a specific time to purchase it, but it's a good opinion and encouraging that we should purchase bitcoin whenever the price of bitcoin is exactly going down or falling subsequently. So I believe that the perfect time to buy bitcoin is when the price is going up directly.

I dont see any problem for binance in all of this since this is just a routine regulatory work that the company will fine way to go pass it because you don't expect to have a free market forever and Binance as a centralized exchange is already aware of that fact that at some point and some days the sec will come knocking at the door and by then there will need to provide some form of response and comply with new regulations and policies.


Centralized exchanges have to comply with all of the sec decisions and work within the framework designed for them and if their operations seem to be going overboard then there will be a need for a check, so the impact of all of this on the price of bitcoin is not much and within the next few days the price will recover back to 27k+ or even above.

There's no such thing as a bearish month; just because Bitcoin happened to perform decently in previous years doesn't mean that this June will also be the same. The SEC lawsuit led to a massive bloodbath in altcoins, especially those that were labeled as securities and to be avoided, but Bitcoin was also affected. The lawsuit is still at an early stage, and it's uncertain how it'll progress. Binance won't step down that easily, but cryptocurrencies will continue bleeding until a solution is found to halt these allegations.

If it weren't for the lawsuit, then perhaps this could have been a decent month, but the market is unpredictable, and even when things are going smoothly, they can easily take a turn for the worse.

Rest assured that Binance and CZ will do their best to fight the SEC and if they have any good news then Bitcoin will also go up,
it's already June and Q2 will soon be over, and there is news that Q3 or Q4 FTX will also restart their exchange ,
hopefully it's true and makes the crypto currency market excited again.

I think FUD is the SEC's claim against Binance and some top altcoins. It might not affect bitcoin price much, but it still has a very negative impact on crypto market. If this is just the beginning of a negative scenario, things could get worse in the future and we will be in a bear market again. Hopefully nothing bad like FTX or LUNA will happen.

According to past predictions, June is still a bearish month and there hasn't been any significant movement. But if you want to reach the price of $ 30k again then Bitcoin will have to start moving after June. The recovery of the bitcoin price will also be faster with some positive news support, because currently the negative news is more dominant then the decline in bitcoin is faster. Hopefully the end of the year bitcoin can reach a price of $ 30k and above and be the start of a good year for Bitcoin later.

This is also the trend I've been keeping my eye on, as it's been consistent for almost two months now, especially with failed breakdowns of support that haven't led to further downside. Notably price can even fall below $25K and still remain in this channel without falling considerably lower, even re-testing the upper range of the channel around $27K soon after, which could end up being bullish for price in the near term.

Either way, once price eventually leaves this channel to the upside or downside, I think it will lead to some considerable volatility, that has been relatively low these past few months.

What FUD are you seeing right now so that it can really affect the price of Bitcoin, which is still declining until now? Because while it's still a good moment to buy cheap, I also don't believe this bearish run will last longer on Bitcoin. And I also thought that before August comes, Bitcoin price will still get a better recovery than this month because I have absolutely nothing to do with FUD.

I also still have faith in the price increase in Bitcoin, although I will not say what price Bitcoin will reach in the next month as well as in August. Because predicting the price is still a very difficult thing for me so I'm just more confident in the increase in the next month, regardless of how much it will increase in the market.

So far, bitcoin has not had too much volatility, the drop from $27k to $25,000 is too normal and insignificant. But if we look at the altcoin market today, a lot of them have been dumped, most down 15%-20%. I don't know what caused the panic in the altcoin market and led to the dumping, but I think if it continues, it will impact bitcoin then it is quite possible. June is still more than 20 days away, so it's hard to say that bitcoin won't be dumped below 25k if the negative news grows more and more.

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.

When it comes to bitcoin price and if someone can be sure of their prediction, it proves they know nothing about bitcoin. I remember many predictions and believe that bitcoin will hit $30k in April, and in May, we will hit $35k. Lots of optimistic predictions without any basis for their predictions. And now that Fuds are continuously hitting the market, people are not as optimistic as they were 2 months ago.

To me, bitcoin predictions are just predictions for fun, don't take them too seriously or put too much faith in them because, as we all know, the market is unpredictable. Instead, always prepare yourself with 2 plans, what we will do if the market falls, and if the market rises, what we will do. That's what I always prepare for my investment, and right now, the market is falling, and I am continuing to accumulate bitcoins.

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.