What are your bitcoin May/June price analysis? - page 3.

barisbilgili

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Quote from: Wong Gendheng on June 09, 2023, 10:56:45 PM

Beginning in June I was optimistic that the market would soon reach $ 30k, unfortunately too many FUDS so that the market continues to be corrected, the best thing now is to continue to buy and make bitcoin as a long -term asset, I predict if the bear market is not over and maybe until August

That's a very high price guys, let's think realistically even since the beginning of this year the price movement of Bitcoin has not moved significantly, I do not believe that we will see a price of $ 40k to $ 50k in the next few months.
this June I think the price of Bitcoin will remain stable without any significant price movement.

lunnatic

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Quote from: Wong Gendheng on June 09, 2023, 10:56:45 PM

Beginning in June I was optimistic that the market would soon reach $ 30k, unfortunately too many FUDS so that the market continues to be corrected, the best thing now is to continue to buy and make bitcoin as a long -term asset, I predict if the bear market is not over and maybe until August

The bearish will end in June I'm sure it's because in August Bitcoin will reach $ 40k to $ 50k so hopefully,
however we have to be patient and analyze it well, if you don't hold then you can regret it later when August comes.

Wong Gendheng

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Beginning in June I was optimistic that the market would soon reach $ 30k, unfortunately too many FUDS so that the market continues to be corrected, the best thing now is to continue to buy and make bitcoin as a long -term asset, I predict if the bear market is not over and maybe until August

Captain Corporate

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How it started and how it is going are two very different situations. Obviously the whole Binance vs SEC thing made it very difficult to work with and that's a trouble. I feel like its going to be a big deal until it ends and that means we are going to see these prices for a little while longer. Except one possibility, if this was done by some whales, like some people who are so rich that they could even trigger an investigation by SEC, not just bribery or illegal, its investigation after all and SEC can investigate anyone they want, there is nothing illegal about that, but then when the price falls they buy it all up at down, not saying that's a possibility but that's the only reason I can see us go back up very quickly, otherwise it will be a slow going up for sure.

STT

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Spotting a trend on daily bars to observe in continuation or hopefully a break back upwards at some point.

We can see the price range since March bullish action was mostly 27k or above. Recently, we have failed below that, keeping it as a rough ceiling to price action apart from a few days end of last month. That will be price level to beat for a switch back to positive action and a hopeful a break of this negative price channel, also the 50 day average in blue is about that area so a couple of reasons to maintain above would likely reflect positively.

arimamib

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Quote from: Ojima-ojo on June 09, 2023, 01:47:47 PM

Quote from: arimamib on June 08, 2023, 05:50:18 PM

Don't you see the decline that occurred in the last two days due to this issue. As soon as the issue developed rapidly, accompanied by fud against CZ, the BTC price experienced a correction at that time. What can affect the current BTC price are negative news and positive news about crypto, so the news on Binance being sued by the SEC also has a big impact on the price of BTC.

The decline in the price of bitcoin in the last few days can not be unrelated to finance and its crisis and this sec suing and the whole market crisis have followed that pattern but very certain that the next coming weeks are going to witness a significant change and recovery is going to be evident in bitcoin and other potential cryptocurrencies, this reflects the cycle of price movement during this period as a yearly market.

But also we have to be awakened to the realities of current times and how the market reacts to the various sec policy framework that may have a direct impact on the immediate market price of bitcoin.

As far as I can observe the btc price movement pattern on the daily chart, it can be seen that the btc price this week has been corrected due to SEC news. In general, if you look at this decline, it is clear that this is a normal thing to happen and of course that for now it is caused by news from the SEC.

Regardless I think BTC will relatively stay above $25k this week and all the swings will happen quickly once this news fades. After protracted, Sec accuses bitcoin in every way they do, but in essence they will not be able to stem the progress of this technology. We will be on our way to victory in the months ahead and hope btc can break through the $30k resistance point.

Unbunplease

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Quote from: Ojima-ojo on June 09, 2023, 01:47:47 PM

The decline in the price of bitcoin in the last few days can not be unrelated to finance and its crisis and this sec suing and the whole market crisis have followed that pattern but very certain that the next coming weeks are going to witness a significant change and recovery is going to be evident in bitcoin and other potential cryptocurrencies, this reflects the cycle of price movement during this period as a yearly market.

But also we have to be awakened to the realities of current times and how the market reacts to the various sec policy framework that may have a direct impact on the immediate market price of bitcoin.

If we take history, the price drops in May and June are the usual seasonal fluctuations. So we can assume that it is not events that drive bitcoin, but that those who manipulate the price of bitcoin are somehow influenced by related events. Everything in the world is cyclical. Of course, such an assumption looks fantastic, but anything is possible.

Ojima-ojo

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Quote from: arimamib on June 08, 2023, 05:50:18 PM

Don't you see the decline that occurred in the last two days due to this issue. As soon as the issue developed rapidly, accompanied by fud against CZ, the BTC price experienced a correction at that time. What can affect the current BTC price are negative news and positive news about crypto, so the news on Binance being sued by the SEC also has a big impact on the price of BTC.

The decline in the price of bitcoin in the last few days can not be unrelated to finance and its crisis and this sec suing and the whole market crisis have followed that pattern but very certain that the next coming weeks are going to witness a significant change and recovery is going to be evident in bitcoin and other potential cryptocurrencies, this reflects the cycle of price movement during this period as a yearly market.

But also we have to be awakened to the realities of current times and how the market reacts to the various sec policy framework that may have a direct impact on the immediate market price of bitcoin.

justdimin

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Quote from: barisbilgili on June 08, 2023, 04:30:57 AM

in a situation like this, patience is really needed and I'm sure that for now there are not many idiots left who panic when the market goes down because so far, especially this year, the movement of Bitcoin prices has been quite stable between decreases and increases in prices.
to return to the price of 30k this June I am a little pessimistic, at the beginning of the month there was a continuous correction and even now the price is 26k and in my opinion until the end of the month the price will not change significantly and I think this June is the right time to buy.

I think it is not nice to call them idiots but unfortunately there are too many people who worry whenever there is a drop, that hasn't changed and I do not think that it will change anytime soon. People see bitcoin fall and they just sell. This isn't just the case in bitcoin, same goes for stocks as well, there are too many people who sell the exact same company whose shares they bought a few days ago, just because it went down.

The company is literally the same company but the price falls and they start selling as well. Bitcoin is quite similar, it is the same bitcoin that worth 68k and the same one that worth 16k a few months ago, and today it is where it is right now. This is why I believe that we shouldn't be really judging people but that doesn't mean that we should be caring about it.

arimamib

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Quote from: ShowOff on June 08, 2023, 02:22:01 PM

Bitcoin has nothing to do with Binance, rest assured. Binance is just an exchange that allows users to exchange their bitcoins for fiat or for altcoins, but without Binance bitcoin trades can still be made regardless of whether it's on another centralized exchange or a decentralized exchange. The impact of the SEC on the bitcoin price was only temporary as some people feared that it would result in a price drop, but in the longer term they will also realize that it is FUD that some people are exploiting to get weak hands to give up their bitcoin.

Don't worry about bitcoin, you have to trust that Binance has nothing to do with bitcoin other than just being a trading platform. Even if the Binance case could affect the market, it will only be a while before you have to face the fact that bitcoin will find new ATH again in the future.

Don't you see the decline that occurred in the last two days due to this issue. As soon as the issue developed rapidly, accompanied by fud against CZ, the BTC price experienced a correction at that time. What can affect the current BTC price are negative news and positive news about crypto, so the news on binance being sued by the SEC also has a big impact on the price of BTC.

But regardless, I think the SEC continues to take down BTC in every way they can and they are very sneaky when it comes to crypto. I'm not going to stick to the fact we're going to achieve a cure any time soon because if SEC continue to degrade crypto then we'll need time to reach a new milestone which is eliminating fuds and quieting them down with the facts. Granted BTC is about to hit a new ATH and these ups and downs are only temporary, which shouldn't worry us about continuing to buy BTC and holding on long term.

greek_hephaestus

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Quote from: ShowOff on June 08, 2023, 02:22:01 PM

Quote from: arimamib on June 07, 2023, 05:29:28 PM

It will change quickly where we just need patience to deal with the current situation that is happening between sec and binance. The repercussions will be considerable for btc on this accusation as Binance is a big exchange at the moment which makes the current btc situation very much dependent on a hope of settlement regarding sec and binance.

Apart from that I think we are gaining momentum to buy btc cheaply this week because btc will definitely recover soon and get back to $30k. I wouldn't be surprised if some of the weaker-handed would make ridiculous decisions in the midst of the current situation.

Bitcoin has nothing to do with Binance, rest assured. Binance is just an exchange that allows users to exchange their bitcoins for fiat or for altcoins, but without Binance bitcoin trades can still be made regardless of whether it's on another centralized exchange or a decentralized exchange. The impact of the SEC on the bitcoin price was only temporary as some people feared that it would result in a price drop, but in the longer term they will also realize that it is FUD that some people are exploiting to get weak hands to give up their bitcoin.

Don't worry about bitcoin, you have to trust that Binance has nothing to do with bitcoin other than just being a trading platform. Even if the Binance case could affect the market, it will only be a while before you have to face the fact that bitcoin will find new ATH again in the future.

Trying out of compare the last year price are called the movement of Bitcoin prices has been quite stable between decreases and increases in prices. And The repercussions will be considerable for btc on this accusation as Binance is a big exchange at the moment which makes the current btc situation very much dependent on a hope of settlement regarding sec and binance and the Because with the start of the year with an increasing bitcoin price, it is very likely that this trend will last throughout the year, perhaps even until next year, where the bitcoin halving will occur. But there will always be a decline when there is an increase.

ShowOff

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Quote from: arimamib on June 07, 2023, 05:29:28 PM

It will change quickly where we just need patience to deal with the current situation that is happening between sec and binance. The repercussions will be considerable for btc on this accusation as Binance is a big exchange at the moment which makes the current btc situation very much dependent on a hope of settlement regarding sec and binance.

Apart from that I think we are gaining momentum to buy btc cheaply this week because btc will definitely recover soon and get back to $30k. I wouldn't be surprised if some of the weaker-handed would make ridiculous decisions in the midst of the current situation.

Bitcoin has nothing to do with Binance, rest assured. Binance is just an exchange that allows users to exchange their bitcoins for fiat or for altcoins, but without Binance bitcoin trades can still be made regardless of whether it's on another centralized exchange or a decentralized exchange. The impact of the SEC on the bitcoin price was only temporary as some people feared that it would result in a price drop, but in the longer term they will also realize that it is FUD that some people are exploiting to get weak hands to give up their bitcoin.

Don't worry about bitcoin, you have to trust that Binance has nothing to do with bitcoin other than just being a trading platform. Even if the Binance case could affect the market, it will only be a while before you have to face the fact that bitcoin will find new ATH again in the future.

barisbilgili

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Quote from: arimamib on June 07, 2023, 05:29:28 PM

Quote from: Ngemmeng on June 06, 2023, 07:06:14 PM

quite confused with the current crypto market situation, on the one hand it is getting closer to bullish and on the other hand the current SEC issue is starting to live again. I don't know if this is true or not, maybe this is the reason why bitcoin price has so far stuck below $30k. with this I speculate that in the near future the price of bitcoin will be stuck between $ 25k - $ 30k.

It will change quickly where we just need patience to deal with the current situation that is happening between sec and binance. The repercussions will be considerable for btc on this accusation as Binance is a big exchange at the moment which makes the current btc situation very much dependent on a hope of settlement regarding sec and binance.

Apart from that I think we are gaining momentum to buy btc cheaply this week because btc will definitely recover soon and get back to $30k. I wouldn't be surprised if some of the weaker-handed would make ridiculous decisions in the midst of the current situation.

in a situation like this, patience is really needed and I'm sure that for now there are not many idiots left who panic when the market goes down because so far, especially this year, the movement of Bitcoin prices has been quite stable between decreases and increases in prices.
to return to the price of 30k this June I am a little pessimistic, at the beginning of the month there was a continuous correction and even now the price is 26k and in my opinion until the end of the month the price will not change significantly and I think this June is the right time to buy.

Gallar

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Quote from: Ojima-ojo on May 30, 2023, 12:08:21 PM

So what are your bitcoin second quarter of 2023 market analyses, let discussed.

With the increase in prices that have occurred since the beginning of the month of 2023 until the current month, this has become a positive sign for the state of the bitcoin market price for this month and for this year. Because with the start of the year with an increasing bitcoin price, it is very likely that this trend will last throughout the year, perhaps even until next year, where the bitcoin halving will occur. But there will always be a decline when there is an increase, because it is also called trading or an investment asset that has prices based on supply and demand, there will always be a decline. But I predict that this year the price of bitcoin will experience more increases than decreases. because last year bitcoin experienced a very drastic decline, so much so that it was able to penetrate at a price of $ 16k.
So that's why I predict this year will be the year of the rise of bitcoin before the halving occurs.

Ojima-ojo

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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.

It's very important to note the point you mentioned, whether or not the market will be able to sustain the gains of the first quarter and that is something we should really take the time to look at since we have had a couple of downside slides of the price of bitcoin to not up to the limit it was before the first quarter of 2023 or at the end of the third quarter of 2022.

So the possibility of Bitcoin touching that $16,000 price region again is slim and the possibility of reaching 35k-40k is very high at the moment and we may likely make an uptrend movement rather than a downtrend as the case may be.

arimamib

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Quote from: Ngemmeng on June 06, 2023, 07:06:14 PM

quite confused with the current crypto market situation, on the one hand it is getting closer to bullish and on the other hand the current SEC issue is starting to live again. I don't know if this is true or not, maybe this is the reason why bitcoin price has so far stuck below $30k. with this I speculate that in the near future the price of bitcoin will be stuck between $ 25k - $ 30k.

It will change quickly where we just need patience to deal with the current situation that is happening between sec and binance. The repercussions will be considerable for btc on this accusation as Binance is a big exchange at the moment which makes the current btc situation very much dependent on a hope of settlement regarding sec and binance.

Apart from that I think we are gaining momentum to buy btc cheaply this week because btc will definitely recover soon and get back to $30k. I wouldn't be surprised if some of the weaker-handed would make ridiculous decisions in the midst of the current situation.

Hamphser

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Quote from: Lida93 on June 07, 2023, 02:47:49 PM

Quote from: Ojima-ojo on May 30, 2023, 12:08:21 PM

So what are your bitcoin second quarter of 2023 market analyses, let discussed.

The year 2023 beginning has been with a positive start towards bitcoin with the slight bull rise we had and that exhumed the hopes of many investors that the year was/is going to be a favourable one for BTC eventually. Now we're at the last month of the first quarter of the year and BTC price is just fluctuating around 26k-28 and with this long time consolidation around those price range only two things are expected to take place.

Either a bull run or a bearing fall again but the odds for a striking bull run is much more expected by many to another drastic bear market fall again. Looking at how the year 2023 started I'll say the end of the year would bring about a more positive turn in the price of bitcoin hitting 40k above.

Trying out to compare on last years price then we are still in increase but we know that people or most of us does really like or want to see the price would really be increasing month by month on which we know
that it cant really be just that possible on having that way because we know that there are lots of factors which could really affect the price which its not something new. Its always been that volatile
and it would really be that a common approach that prices could really have those tons of ups and downs which is something that a very usual scenario we do have on this space.

If we do really talk about monthly assumptions when it comes to price or even on yearly basis.For you not to be stressed out on having this kind of approach then it would be better
that you should really go with the flow and not minding whether it would be increasing or decreasing.The important thing on here is that you should really know on when to buy
and when to sell if you wanted.

Lida93

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Quote from: Ojima-ojo on May 30, 2023, 12:08:21 PM

So what are your bitcoin second quarter of 2023 market analyses, let discussed.

The year 2023 beginning has been with a positive start towards bitcoin with the slight bull rise we had and that exhumed the hopes of many investors that the year was/is going to be a favourable one for BTC eventually. Now we're at the last month of the first quarter of the year and BTC price is just fluctuating around 26k-28 and with this long time consolidation around those price range only two things are expected to take place.

Either a bull run or a bearing fall again but the odds for a striking bull run is much more expected by many to another drastic bear market fall again. Looking at how the year 2023 started I'll say the end of the year would bring about a more positive turn in the price of bitcoin hitting 40k above.

yohananaomi

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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.

Jating

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Quote from: Ngemmeng on June 06, 2023, 07:06:14 PM

quite confused with the current crypto market situation, on the one hand it is getting closer to bullish and on the other hand the current SEC issue is starting to live again. I don't know if this is true or not, maybe this is the reason why bitcoin price has so far stuck below $30k. with this I speculate that in the near future the price of bitcoin will be stuck between $ 25k - $ 30k.

It's just factor though, if you would remember, we have been trading around this price for quite sometime now, it's a sideway pattern and unfortunately, the break out run that we are expecting is on the downside.

Nevertheless, even if there is the SEC issues against Binance, there is no major movement in price and it's remain as volatile and between the price of $25k-$30k. So the month of June might not be good after all as all the gains that we have in the last 4 months have been eating away. We need to jump to $30k but not sure if this is possible because of the SEC going after Binance.US.

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