What are your bitcoin May/June price analysis? - page 7.

Zaguru12

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Quote from: Ojima-ojo on May 30, 2023, 01:08:21 PM

As the month winds up and we are beginning to see the end of May we are now approaching june, the second quarter of the year 2023.
Bitcoin on a general note have maintained resistance bear forces which accompany the year after the 2022 bear market and other cryptocurrency market crisis such as all the exit scam (bankruptcy) of big exchanges and other investments, but the beginning of the year 2023 saw a market positive advances that are when the price of Bitcoin recovered back from $16,000 to around 25k and thereafter recovered all through the time up till this very moment where bitcoin price is 27k+ after touching $31,000+ within the last two months, this signifies a lot of bull tenacities.

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

So far bitcoin has done quite well this two quarters of the year. The second quarter had the price fluctuating because of the various issues regarding banks facing bankruptcy, the economic crisis or rather confusion been face by some countries like the US leading to interest rates been increased and also the ordinal saga on bitcoin blockchain that caused the congestion of the mempool.

For the end of the second quarter and the beginning of third I am going bullish. Mainly because of the news surrounding the Chinese government relaxing the restrictions on cryptocurrencies. The last time bitcoin was discussed on CCTV on November 2017 even though it was warning people then about bitcoin, it went bullish. So now again I believe same news will cause bullish sentiment due to FOMO by investors

Hyphen(-)

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Quote from: Ojima-ojo on May 30, 2023, 01:08:21 PM

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

There is always hope for a Bitcoin price recovery, but the Bitcoin market was down through the year 2022, despite some ups and downs in the market that keep our hope alive, and as we are expecting a halving, we will always hope for a price recovery.

The Bitcoin price has increased by 1.9% in the last seven days; hence, as we enter the third quarter of the year, we anticipate a very strong price recovery against halving.

pooya87

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I don't see the sideways trend changing without some significant event. However with the irrelevant news about US possible default coming to an end we may get rid of some FUD in the market that has been creating artificial sell pressure so the sideways may end up with slight rise.

Ojima-ojo

sr. member

Activity: 700

Merit: 429

As the month winds up and we are beginning to see the end of May we are now approaching june, the second quarter of the year 2023.
Bitcoin on a general note have maintained resistance bear forces which accompany the year after the 2022 bear market and other cryptocurrency market crisis such as all the exit scam (bankruptcy) of big exchanges and other investments, but the beginning of the year 2023 saw a market positive advances that are when the price of Bitcoin recovered back from $16,000 to around 25k and thereafter recovered all through the time up till this very moment where bitcoin price is 27k+ after touching $31,000+ within the last two months, this signifies a lot of bull tenacities.

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

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