Bitcoin Forum

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.

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.

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.

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

June usually more positive and green comparing to may.  :)
https://pbs.twimg.com/media/FWzhRWFXEAI3IW4?format=jpg&name=large

I expect the Bitcoin market to continue with the sideways trend and also experience a more bearish price trend than a bullish till the Q4 of this year if there's no solution to the Bitcoin network congestion caused by the ordinal/Brc20 because the BTC market is also prone to bearish whenever there are huge unconfirmed transactions. Besides, there are a lot of reports about miners selling a huge amount of BTC technically the FUD will continue until a tangible solution is introduced.

Probably a few more months of this boring 25-30k price range, because it's too early for the bull market but too late for any sharp price drops, unless there's some sort of black swan event, like a disastrous stock market crash, a new global pandemic, etc.

That's how the market was behaving during the previous periods that came before a halvening and its bull run. Assuming that it will be like that this time too is the best prediction that we can make, I think.

Though bitcoin price movement cannot be given accurately but there might be some good news which will help pump the price. For now I don't see any major significant of such apart from China that has uplifted its ban on cryptocurrency which might make a little pump in the price. I will hope to see the price gets to 29k because,there need to be a pump in price after the price correction to 26k+ which lasted for a month or more. Therefore,it is time for a pump in price on bitcoin because it is volatile and the price needs to move up and down. We have seen the downward movement in price to 26k+ and I don't think it will dip below that price since the halving time is getting close.

The same here. Although if you ask me about the following months, I would say the same, and at some point the price will tend to go up due to the proximity of halving. The normal thing is that pre-halving we will have a small rise and after halving the good things will come. I don't think we will have a year of sideways.

There are a few events like the Hong Kong launch on June 1st, the unemployment numbers and the CPI and the fed rate.

Depending how the employment looks and how CPI performs we might have some volatility. Basically everyone is expecting softening of the employment and inflation. If they come in hot then we might be in for a ride.

I vote for a slightly bullish June however.

the price of Bitcoin in June is likely to be bullish because the market cap of cryptocurrencies will obviously increase,
because users in China have been allowed to trade freely, so the bullish potential for bitcoin in June will be large,
my target is at $ 35k first and august is likely to skyrocket to $50k hopefully so.

I think it's honestly hard to tell right now, as the market has been somewhat trendless and sideways for the past 2 months. Instead I'd say it's more likely going to be based on what happens in the coming weeks. For example whether price holds the 200 WMA around $26.3K (which is also close to the 20 Week MA) and therefore continues to the upside, or whether the recent month-long correction will continue.

Personally I still think a pull-back to around $23K accumulation zone remains likely before further upside. This would be a healthy re-test of the 200 Day MA that is trending to the upside, similar to in March rebound. Either way, the fact there hasn't so far been a sharp correction or rejection from $30K is a positive sign, similar to the consolidation above $25K previous resistance level that remains bullish.

Since we all know that bitcoin is a volatile cryptocurrency and no matter how it goes bearish or bullish it will still come back to normal state but as we've known that it's a highly volatile currency, if it goes dip the more even below $20,000 i still have that confidence that it will rise back to $27,000 or beyond, the target now is for us to see that bitcoin rises back close to it's all time high of $68,000 before we can be anticipating for a new all time high after the halving, so there's likely possibilities that we bread the limit off $27,000 to about $40,000 at anytime in June.

China officially removes its ban on cryptocurrencies tomorrow. I think this is bullish news. After China banned cryptocurrencies, the market started falling. I think that when they remove the ban, the market may start to rise again. China, like the US, has a lot of capital that can get into the market. I expect June to be a start for the bulls. There was a correction in May, now it's time to rise again.

Maybe a bullish outlook would see $35,000 by the end of Q3 (June 2023). Starting tomorrow Hong Kong retail investors can buy bitcoin again after the ban in 2021. This could help drive a bullish narrative. So yes, maybe we rise to $35,000. Uncertainty around the US debt ceiling looks to be sorted imminently too so that will give investors confidence to go for risk on assets.

I feel like it is going to be just stagnant with only a small movement during June. I mean surely we could have like 5% down or up, we could see it go under 27k again, or go above 28k again after that, these type of movements should be normal in the crypto world. But that doesn't mean that we are going to end up with a too volatile movements.

June is usually a "boring" month if you look at the past, sure there were some moments when it moved a lot, but most of the time it was less volatile compared to other months, and that is why I do not expect too much of an increase or decrease this month. We should be able to just accumulate more during this month for the upcoming increase, when it will happen is unknown but it will happen for sure, so just accumulate more.

I'll go with what the majority has said here, it could be sideways for some time. I think we have exhausted everyone from January-April this month as we have reach $30k+ although it was not that sustainable.

And after that, a new pattern emerge, no more increase in price and so most likely this will be our pattern for now, unless there is a break out run for the month of June. Although I will be on the fence about it, as historically, June is very slow for all of us. The price action might pick up later, in the last three months of the year, in my opinion.

Once the gap around $20k is filled, we would be more likely seeing a bullish pattern. It is currently a threat to people who plans to enter the market already. But to some, they are having expectation of a reversal trend this coming month because the market price have already reached $25k which could be its lowest if not anything would happen. As we all know, it would be impossible to accurately determine what price movement would it be. The only thing we could do is to wait for right trend patterns. My personal take on the possible price movement would still be sideways given that there are anticipated highs and lows on its price.

Bitcoin analysis is not based on monthly bases or linked to the first and second quarters, but rather to technical analysis, as supply and demand, support and resistance points, and trading volumes are what control the price movement more than they are periods of time, especially for short periods of time such as quarters during the year.

If we take the historical data as a reference, then Bitcoin is likely to remain negative.
The month of May was 6.92%, and the end of the year and the first quarter are mostly positive compared to the second and third quarters.

Nothing different that I think will happen in the month of June at least nothing significant. The month of May and June are the same thing in the history of bitcoin so we may still see that the price may almost stay how it ended in May or a little bit to $30k because of those DCA in expectation of a rise after the correction few months ago. Apart from that, strong hands will still hodl and I don't expect volatility at this month but things can still change.

The price should be within same range of nearly 27k as we approach the half a this year. We are still expecting it to keep rising. 25,300k had been rising to almost 27k which is expected as this is a bullish pattern we seeing do far.

I found some articles that speak more accurately, the language of numbers may give us a negative perception of what will be on the price during June.




Source fxstreet (https://www.fxstreet.com/cryptocurrencies/news/bitcoin-likely-to-remain-in-red-through-the-next-quarter-if-history-is-any-indication-202306010451)


As noted, the rate of increase, on average, was about 7%, which is the lowest rate of increase during a month in the average history of Bitcoin, and there were no worse months than it except in September and August.
The second trimester is usually marked by timid changes.
During the last 3 years, the month ended with a negative closing, either with a large or slight negative change, which confirms that the negative May closing is a confirmation of the negative June closing.

Very interesting charts, historically June has been a bad month for bitcoin, still I do not think we should be afraid in the case the price of bitcoin went downwards during the next weeks, as I have been waiting for the price of bitcoin to go a little bit lower before buying more of it.

And according to those charts I may get several opportunities to do so as the third quarter is the one which historically presents the lowest growth.

As always, the market is divided into two camps, many will expect bitcoin to continue its recovery and conquer other highs in June. Meanwhile, the opposition continues to expect bitcoin to fall further, and I am on the opposite side. I like bitcoin will drop more and better if it can drop to 22k is a very good price for us to accumulate more bitcoins.
Not only this June, and I am not a pessimist either, but I think this year is still a good year to accumulate bitcoin rather than expecting we will have a bull run, although the market will still have small rallies.

May it ended and closed at $ 27K, and it was 2 days in June but there was no good movement, if until June 10 the price could not reach $ 30k then the possibility of the price of June would be like April and May, even many who are worried if the price will drop below $ 25k.

Ehh, I don't really think we'd be getting anything big for the next 1-2 months. At most, we'd probably go to $30k then just go the usual steady stuff that we have right now, maybe dipping back to 28, 29k every now and then. At least just based on any significant news that I know of, there's nothing that particularly concerns the crypto market, or nothing that would affect it on a big scale. Might be more active in maybe in the latter end of the year? Hopefully not in a negative way.

The month is only about to start and the price already started declining. If we have a look at the history of Bitcoin, June hasn't really been a very good month for Bitcoin in general as the price tends to either decline or stay sideways for the month, and the signal from the price as it already started dropping tells us that we might be up for another red month.

Some people started expecting that the price might go up from here when they saw it touching $28k after a while, but now when it is back at the tail-end of $27k, I feel we are going to pay a visit to $25k pretty soon.

The month of June has just started and it has a long way to go so we can predict many prices for Bitcoin. But whatever it is, we still have to prepare ourselves because no one knows whether this month the price of Bitcoin will remain at the current price or will fall again as we saw yesterday in May, the price fluctuates more frequently.

And if the price drops back to $25k, it is in a good position to do a DCA again, although it is still a good buy now. But if we can buy at a low price, it's an opportunity we should use well.

I'm not worried if the price goes down; on the contrary, I still get a chance to buy more. We never know how high the price of Bitcoin will increase. I also can't predict what will happen throughout June and it's better for us just to enjoy it.

I've never been worried at all for the Bitcoin price that it might still drop below $25K, because in general no one can guess or know for sure how the price will move this month even though it still looks difficult to increase to $30K and I I think the price speculation that you said looks too pressing on an increase that basically you yourself are worried about the price of Bitcoin itself, even though Bitcoin is a cryptocurrency that can gradually recover in the market under certain conditions.

I am not expecting anything much than the price that bitcoin is presently,let me say if there will be a pump in price then it will be within the range of 28k-30k which we saw last two months. It is only when if there will be a significant event this just that we might see a price higher than 30k. This is the time for us to keep on accumulating to our investment portfolio and DCA because sooner or later we might not have such price as low as this. We have not up to a year to bitcoin halving which the price of bitcoin might be triggered higher after this event. A dip in the price below 26k will be a better opportunity for investors to buy and hodli

I believe so much in these predictions as there has been a long time downtrend market and if we should speculate such price within that period because two months of price speculation will really rely around such a price of 29k-30k and that will be the price hence mark for the next two months. After all, we can't expect any significant price movement that can pull over up to 35k or even 40k, but really we need to have a deep chart reading to be able to make an accurate Bitcoin price prediction.

On every new month which is approaching then we are really that normally be having those kind of approach for the price whether it would really be a good month or not. We know that this isnt something that we could

really be able to predict because each month does really have that random sentiment but somewhat we could really be able to see on whats those past or history price movement on previous years. I have forgotten
that there's some sort of infographic about that and i do totally forgot whether June is indeed mostly on greens or red in overall but we know that past isnt really that somethin sure that would happen in the future also.
This is why if you are a trader or investor then you should really always be having that kind of behavior on going with the flow on whatever price or numbers we would be able to face up along the way.
We do have our own impressions and thinking on how we should really deal with it and this is why its important about on applying on whatever knowledge and experience you have.

Past history of the price movement can provide us with some clue of where to base our Bitcoin predictions in, but then there are some circumstances that haooens some time that could affect Bitcoin from following previous pattern and this could effect the reality of the accuracyof the speculator.


I agree with you to a large extent that BTC price is unpredictable and as that every month come with its own price prediction and that is what most investors look out for at each start of the month trying to predict the price of bitcoin at regular intervals even though we are sure that it will likely not result into any accurate price predictions but we keep making constant predictions to help prepare us for the time ahead and in making the right market decisions.

We got rejected at the 50 day average recently and thats the area of a monthly average also, its not that it has to be resistance as they are not fixed points but it does seem to point towards BTC being under the ice with a fight ahead of it still to regain positive momentum.    Near term it looks much more positive but this is just an  in-week view, we are above the 7 day average which is positive but the free space to move before 28k and a repeat encounter is also low.

No the price of Bitcoin can't be trading at $50,000 by the end of june, we're not in a bullish market yet. That price can only be achieved when the market is bullish and china allowing their citizens to trade cryptocurency isn't enough reason for the market to be bullish.

The closer the halving date reach is one of the conditions that can make the market very bullish because everyone will be investing in their favorite cryptocurency and Bitcoin as well and this will increase the price of bitcoin because the demand for it in the market is high.

My predictions for June is the price reaching $40,000 and that's the highest it can go and for a more believable price target, Bitcoin trading at $35,000. Bitcoin would easily cross $30,000 again this month and that's because last month was for correction and this month would go opposite.

My hope in May turns out to fail, I am optimistic that if in May I will repeat March or at least it can reach $ 35k, unfortunately the market continues to decline and until now it has not been able to reach $ 30k, maybe this is the right time to buy again and my prediction in June the price can touch $ 30k again.

For June the range will continue till half of the month before it will make a break out either towards the bear or bull depending on the formation of the market after the month half might have ended. But I still have high hopes of a bullish breakout chasing back towards $30k, last year June price declined by 38% this year since the year started bullishly it will see a positive trend

There are serious resistance that is pulling the price of the coin to be honest. We all admit that, we have expected big from the Bitcoins, but it has failed miserably. Yes at start it gave us some faith, but then it just struggling in this 27k usd price segment. Now we are in the midway of the year. If we don’t see any boost up in the price now, then definitely we have to kill our expectations from Bitcoins this year. Nevertheless I am hoping Bitcoins to cross 35k usd at least by the end of June. Let’s hope for the best.

Even though it looks like there bad months and good months, we could say that it is going to be based on what's coming next basically. Will we be bullish on July? August? Will we be bearish? We still do not know how the future will look so it is going to be a little tough to predict this month. I am guessing that people will end up with something a bit different and this is why we should be careful with what we will have this month.

As long as people are not entirely certain what's going to happen, we are going to face trouble and we should not be considering this month that good just yet. I hope that it gets to a point where it will be a bit more decent in the end, so that is why I want to see this month bullish, like 30k+ at least so that I can have more hopes for the future.

For some reason, I feel like June is going to be a negative month just like May but it will go even lower compared to the -6% of May, the reason is simple, it doesn't have a strong support level and $28k seems to be a pretty strong resistance to cross at the moment, it isn't being able to go above it and even if it does, it doesn't manage to hold there for long and comes down quickly again.

From what it looks like, we will probably see the price going below $27k soon and once that happens, there will be more selling from those who have already started panicking seeing the price being so stable and more favorable for a drop.

Even though I don't think your opinion is completely wrong, but I hope the opposite. June sentiment is expected to be able to see bitcoin price break the $28k resistance and turn it into a strong support before breaking the $30k resistance. I don't think May's correction will last much longer impacting it until the end of June - but let's see what happens.

It's possible - but probably not anytime soon. $27k is expected to be good support over the next few days after bitcoin showed small jump in the last 24 hours. I agree $27k is weak support level, but it should at least hold the first week of June.

The price might stay on this level for a while until we start the second half of the year,
The price is very attractive, and if you have extra better to buy now the good coins. The bull market will come back later this year, and I'm very bullish with this because halving is very near and that is where the hype begins again. Stay patience and hold more, the market will grow more so wait for it.

I don't want to expect much in the price of bitcoin this month of June. I will only go with the flow that whatever price bitcoin decides to go with this month, it's okay by me. If it chooses to be bearish fine, if chooses to be bullish because China is now allowed to be trading on Bitcoin from the start of this month, that sounds good.

What I am to avoid this time is to put a particular price in mind that bitcoin would get to, this June. Previous months that I tried to predict what the price of bitcoin would be for March and May, didn't come to fulfillment because no one can't predict the price of bitcoin at any given period

My expectations for the Bitcoin price to skyrocket in price are from next year. From June to the end of the third quarter of the year, I don't expect a favorable market condition for the bitcoin price based on its past price histories.

I see there are some important positive things that happened at the end of May, such as the decision of the US debt ceiling, the entry of new liquidity into the market due to allowing cryptocurrency trading in China (Hong Kong), as well as the monthly closing of Bitcoin above 25,000$.

All these positive factors, in my opinion, give optimism that we will witness an upward movement in June and the third quarter of the year in general. Of course, we are expected to witness slight corrections during that, but the trend will be bullish in general, as I expect.

I Think bitcoin will touch down 35k$ at the end of june this was my prediction and i believe that at the end of the year bitcoin will go up above the previous ATH on year 2021 this is just a prediction but the possibility is very big since we already experience 30k$ price the bull run will surely start very soon.

Im surprised too see why we are below 30k while spx is pumping up so hard already. Maybe bitcoin is just waiting for a perfect timing to go up like 3-4k$ pump in a single day.
Nevertheless, Im optimistic for the whole rest of the year from here on (considering the weekly 200/50 ma action).

https://i.imgflip.com/7o7dz6.jpg

For me, I am bearish short term here especially this month of June, as you can see that last month, when we touched $30,000 and dump below on it, after that Bitcoin tried to go back to $30,000 but it so difficult, we just do sideways $26,000 - $27,000.

For me, I'm not expecting $30,000 this June, I'm bearish just this month, I'm hoping to see $25,000. And my buying zone is below that price.

in June I think Bitcoin has the potential to reach $ 30k to $ 35k because the bitcoin support price at $ 25k is not broken,
especially a while ago on Twitter I also saw a tweet from someone who said that Q3 Bitcoin will reach $ 50k,
and yes from that I believe and make my own analysis and the result is $ 35k in June hopefully achieved.

Hopefully there won't be so many bad news to drag the price down constantly because that is the only thing from my observation that mostly determine the price movement. Lets hope no Fed News On CZ and binance this June  8)
Perhaps the big whales have already had their fill with the past low price hence their won't be any price manipulations so that the market can begin to show some signs of up trend.

While you can expect influencers and whales to move the market, don't rely too much on them. Do your own analysis of your investment plan - it's much better to do it now. After all, you should also be prepared for the potential down price that may continue throughout June and you should manage your own risk instead of expecting someone else to do something for you. I'm tend to think minor correction could extend into June, but maybe not to test the $25k or $24k support.

Oh really? This is great. Indeed this a bullish news but the effects are also going to be bullish in the market. China is a big country and said to have lots of crypto users so whatever the activity they are doing, it also has an adequate effect on the crypto market. Obviously, a ban could crash the price but we shall not worry because there are still other countries left who continue their warm support in crypto and then there will be new additions in the list. This why we can always recover after some time.

May might be a correction month for the cryptos but it's not a big deal since it's only 1 month but the bullish period that we will attain is going to be a long one this time.

Very simple phrase is fair for BTC as well which is go away in May come back past Labor day.   Look at the chart above for collated monthly gains and you can see the numerical justification for that centuries old saying now.   For whatever reason free markets for generations have not especially favored resolution or large movement over summer.   To a lesser extent volume tends to be light into year end also which can cause ironic effects.   In 2008 summer I can remember we had logged a 20% fall but without absolute knowledge of the wider problem, the market actually rose strongly into Autumn and we know how bad the autumn storms were that year.
   BTC can move giant amounts but comparatively this year I'll watch but not expect too much till at least Oct area of trading.

I agree with you mate, based on what investors are experiencing from the market this year 2023 showed that the price of Bitcoin will increase higher to a level were short and long term investors will begin to supply their Bitcoin to the market to make massive income. Since the price of Bitcoin reached $30,000 before it dump to $26,000 few hours ago made investors to have confidence on their prediction, that this year will not be like last year 2022 because there is a hope that the price of Bitcoin will hit back $40,000 before the end of this year. I believe investors can still make it in this season, if they can continue hodling till the bullish season appear in the market before they can sell and smile.

Whales never rest, even if they have bought in the previous dip, they will still have their fair share in manipulating the market and buying some more, after all, who doesn't like discounts? Since they always have huge capital and are never out of money, they keep buying as soon as the price is down and they bring it down themselves when they feel like buying more.

About bad news, there are always chances for some news around the cryptocurrency market, we can only hope and pray that none of the news is negative for the short term so that the market starts to gain some momentum and start preparing for the long-anticipated bull run.

At the beginning of June, the Bitcoin price really looks very bearish,
even though before this I was really optimistic that Bitcoin could be above $ 30k before July and could increase again after that,
but I don't know, hopefully this dump is just a correction for Bitcoin.

throughout May and June the price of Bitcoin continued to be corrected and it happened slowly.
to reach a price of 30k or even higher is very possible but all that takes time.
if you have known Bitcoin for a long time you should be happy with the current Bearish because it is the right time to buy and has a very high probability of increasing in the future.
for this June, I think the price of Bitcoin will tend to be stable, either increasing or decreasing, it won't happen significantly.

Calm yourself and keep yourself from panicking. The most likely thing after a quick dump is for the market to recover. Now see how the market is moving to recover after yesterday the bitcoin price was dumped in a ridiculous panic - so keep calm and be optimistic about the future.

Even in June $30k may not be reached - but rest assured $30k will be reached in the next month or maybe the next. Trust me - the halving that will occur in 2024 will greatly support your current investment plans especially if you are expecting returns in the long term.

I'm trying to find such news on the internet, but I can't find anything related to Chinese government removing the ban on Bitcoin. The currently news are very negative for Bitcoin, especially after Binance was sued by SEC recently. It really seems the bearish market will remain for some time yet. June comes with a bitter taste for Bitcoin's investors, although it's always an opportunity to buy more coins for a cheap price.

I believe what regulators can do to impact BTC's price negatively they will do, and the only chance for Bitcoin is to find a way to keep rising on this scenario, absorbing those negative impacts somehow.

As it is bitcoin price is going down and if the price is continuingly going down till the last week of June then the downturn price will enter into July. In the month of May the price was coming down to 27k$  and sometimes it climb to 28k$ but it was basically on 26k$ and 27k$ but now it has come down to 25k$ and it still coming down. So the way I look this month the price will not appreciated and it will still depreciate.

Not actually, from the infographic provided above you can see that in the year 2013 and 2017, bitcoin did a major breakthrough in the month of May and not June.
Considering the sidekick movement of bitcoin in the month of May, it is expected that bitcoin will do better in June but not to break the $30k resistance. Even if ut does, it will not glory for long before it will fall blow again.
I would love to see your infographic capture the first 5 months of bitcoin this year, it think it will give a better insight.

Unfortunately, by the time you posted this, we haven't seen the SEC vs Binance drama. And now that we have that, in 24 hours after the news, the price goes down to $25,700.

But it seems that we have bounce back, 5% from the initial drop and it's good to see the price going back to it's norm at $27k. Or at least that is the price before the price went on the downside. But we shall see, lots of weeks for June to accomplished that $35k prediction of yours. Historically though, June seems to be a bad month, so I wouldn't be surprised if we continue to do sideways for this month.

Yes, of course, now instead of waiting for the bullish time to come, you should now add their assets, considering that there will be a very large bullish opportunity later, and now considering that the market is also still under $ 30k, which is the highest quantity so far this year. and hopefully soon the price will continue to move above $ 30k in this june at least.

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.

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 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.

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 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Spotting a trend on daily bars to observe in continuation or hopefully a break back upwards at some point.
https://talkimg.com/images/2023/06/10/A6GdH.png

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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?

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

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%.

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.

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.

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.

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.