Bitcoin Forum

So yeah, we never saw BTC go up to 75k and stay above it and there was somebody in the April thread saying that it would be impossible for him to guess it right since the poll was exclusively just for April.  Mmm ok...  So let's run it back again.  Same poll as April:  Will BTC close above 75k for the month of May?

Here's the chart.  It honestly doesn't look as bad as everybody thinks overall about the market rn.

https://i.postimg.cc/jSxV3LLd/AB0-BEDAD-4555-4358-BE03-213970-EDD373.jpg

Looking at the chart you provided. It more on bearish sentiment since there’s already red candle form for the time frame(monthly time frame?) you are using after a consecutive green candle.

If you check the previous candlestick pattern on your same chart shows that Bitcoin will took multiple red candle before it will continue again the uptrend movement once the price find a strong support for the month.

I’m speculating that the price will be sideways from 49K to 60K for this month.

If you speculate that bitcoin will be between $49000 and $60000. That is not multiple red candles. Or is that not a month range candle sticks? Bitcoin fall to almost $57000 yesterday.  To get to $49000 is not a multiple red candles because falling from $73800 to $56600 is much more significant in a month candle than to fall from $56600 to $49000.

As for me I do not think bitcoin will fall up to $49000 even if it falls below $50000. That would be a strong support between those prices.

I don’t know if it could hold on for a little long or if it will fall back below $57,000 again but from what I’m seeing right now from the candle even before the month ends we will see bitcoin price reach $70,000 probably before the end of second week of May.

Bitcoin chart seems to be a little be confusing to read nowadays even when the candle clearly shows green most times it just take a uturn when we less expect it.

Almost every prediction about April was wrong because people were too optimistic about the halving and this time I believe people will start to get scared and lower their expectations instead of remaining bullish about the price increase this month. Personally, I don't believe in what the charts show because not only can we do technical analysis but market makers, whales can even create such things. I think how bitcoin will move is entirely dependent on crowd psychology.
If the crowd continues to be bullish, bitcoin's recovery and growth won't happen anytime soon, but if the crowd gradually starts to get scared and stops being bullish, that's when bitcoin will skyrocket.

I actually feel the FUD in price by many investors, this is actually the first time in 6 moths that a monthly candle closes in bearish sentiment. Since from September 2023 all months have closed In a bullish sentiment. So April closing in bearish shouldn’t be a thing of worry if you ask me, we all know that bitcoin price will definitely come back to correct or technical come down to sweep liquidity left at the bottom or the Fair value gaps left behind (FVG).

On the bitcoin price, I see first of all a strong support $56,754 and I think for now it will hold except if any bad news comes into the market then we might have to clear more liquidity below and a new support at $54,445 to $52,345 will be my new demand zone. As for the resistance it is currently trying to hold a level between $61,195 to $63,245, a break from this region will push us up. For now with this month starting in a consolidation phase i will say my highest price peak for the month will be $67k region, while the support will be at $52k region.

It's too early to say whether things could be different for this month but I have a gut feeling we are going to see green candles since we have been very red since last month.  Just hoping we're going up this time.

The ones that I am going to expect however is that prices will take a long time to shoot up for it may move sideways up to 2-3 months. But it might be the cause of altcoin season as some speculators are saying.

I'm still on the fence on this one but I do believe that it's going to be going back up and stabilize for another month or two, I mean that's how I see this kind of thing, with people dealing wth the shock of the sudden price drop, they're going to trade carefully because they (bitcoin investors/traders that are hyped and thougt that bitcoin would never go down again) don't want to be making the same mistake again which might make things worse for them. That's all that I believe about bitcoin price this May. Best thing to do is to just wait I guess.

I'm not really worried about the falling price of bitcoin because I expected it to happen after halving but the point is at what stage will it be considered appropriate for further bull. Two days ago the price went from around 61k to 57k and went back to 60k . Perhaps the area of 57k is a resistance that we are going to keep an eyes on if it will come back to retest it. I think if that area is broken this month, it means we are going to see bitcoin going down to 50k which is an area I feel more buy will happen for the bull. For now, we are still going to speculating if bitcoin price is comfortable going up at this time barely few weeks after halving.

We only have the first red candle after 7 consecutive green monthly candles, so what you say we have many red candles is not entirely accurate. And continuing to expect a green candle this month is actually a bit greedy as well as having too high expectations. For the market to move higher, there will need to be significant corrections and we need to accept that reality.

Personally, I don't think there will be too many positive movements this month as bitcoin needs a correction before a stronger recovery. Just as we should not forget to “sell in May”, May is often a bad month for the entire financial market.

I voted for no.

Not that I'm a bearish guy, but it seems though that the sentiments for this month, might not be as lively as let's say around February or March. Maybe investors right now is somewhat not willing, at least because of some negative news.

Currently, the price is having a hard time getting back to $60k. I think that will be the aim for this not look at $70k'ish++. Just go and conquer our previous support line and maybe next month it will be different.

Not sure I can predict the price but I can easily say the poll will be a negative to this question for this month.   Personally I'm fine if it takes the whole year to acquire the 75k level as a reasonable price, we will gain something from the build upto that price and I dont want to see a spike on the graph.

From the graph its possible to see where it went sideways previously at 60k or the other area with lots of sideways action is 50k and it could need to be reset back to that level before the next bullish movement occurs.  75k could be a negative for a few polls yet.   I was expecting to be wrong in saying sub old ATH for this year but it might go that way in conclusion even though we did exceed the old ATH.

The halving has only been organized for (approximately) 13 days, but you should look at past halvings. Bull markets start between 100 and 150 days after the halving takes place, so I'm right that Bitcoin will touch 75 this May.  I don't think As there is a bearish market position at present, it is beneficial for investors. The more Bitcoin investors buy, the more they can profit as the Bitcoin bull run is set to begin in 2025.

Most bitcoin prices are likely to rise more when the bull run begins.

I could guess that most results will be no. Which might be a good thing, since everyone is bearish, it might mean we bottomed. Either way we broke $60K support which is not good. We are now retesting this strong resistance and hopefully we will engulf the area and close the weekly candle with a long wick. The weekend is almost here so there is only 1 more active trading day which is Friday.

Flows are bad for the etfs. They were negative for the past few days and yesterday we had like $500M in outflows and IBIT was negative for the first time. Seems people want to get out.

market greed index reduced even though various countries just tried to propose the bitcoin ETF, kinda make me confused to be honest, but seeing the analysis from various places, some people said may is the month where bitcoin usually have negative sentiment where people are liquidating their money into cash, i don't exactly know the exact reason since it could be many but i don't expect this month around to be a good month.
prolly we gonna need to see in Q3 when probably bitcoin is gonna be making some meaningful move only then we will see the trend for the end of the year and whether it can make a good rally.
though thats just my speculation, probably inaccurate anyway.
but in my opinion as long as the price never falls below $50k i'm okay with it, back then, reaching $50k is already such an achievement but right now people are afraid.
such stark difference could happen within span of months.

Bitcoin price is always up and down, it is above the support number of the bearish market in April. Because Bitcoin price declines after the halving is the most ideal for investors, investors will definitely express interest in investing if Bitcoin price is within the control of investors. And this is the biggest opportunity to invest before the bull run, so I think it's very likely that the price of Bitcoin will be between $50K and $60.

The month of May tends to be more down due to some bad sentiment but this is not sure if it will be a little bullish but I am not sure this month bitcoin will move to a greener candle but I saw some expert tweets although this is not an exact reference then the price will remain sideways which is better is to continue to accumulate.

What is the past history of the month of May after halving does it have almost the same candle? But usually May is more correction then after this month ends early June bitcoin will experience a slight increase.
I chose to vote NO,, not that the price will not go up, but I have different thoughts this month bitcoin tends to go down more.

I will go with the current sentiments of most members here: No.

And if you look at May during the last halving of 2021, it was -35% that month. We could be very lucky that we are still -2% and not that big downfall just like the last cycle. And I wouldn't be surprised if the price goes to $50k as the last leg up before we can finally felt the impact of the bull run in June. So just HODL on, and be patience and then just continue to accumulate. There's nothing to do but that kind of investment strategy.

indeed that this does not look bad but this does not also seem to be breaking 75k again this May though we are nearing 60k once again today.
we are failed last month so for me ? I will not expect this happening this month so there will no other bad decision to make for me .thanks for the chart mate but this will give us idea to what to expect and what to decide.

Currently, the distance between the current price of Bitcoin and the price range of $75K is starting to get a little far because Bitcoin needs a price increase of more than $15K to reach a price of $75K this month. So I'm starting to think that it seems like it will be a little more difficult for Bitcoin unless the price increase can start from now onwards until the end of next month without the slightest price correction in the market. But on the one hand, I still have confidence in seeing Bitcoin at $75K, but it doesn't look like it will happen this month.

People were really bullish about Bitcoin price speculation for the month of April, because they were thinking that the post halving will affect price positively, especially the newbies, but we're currently withnessing the opposite, this current dip will not give them the optimism to perhaps aim for anything close to seeing a price surge of up to $75k. I wouldn't speculate to seeing a price surge to that amount, but then this is the crypto market, it's the demand and supply of Bitcoin that'll make the final decision. We're entering bull season so I'm optimistic about price surge but I don't think that it'll start this month.

Nono these monthly polls aren't made to know if you're bearish or bullish BTC.  All in all, we're bullish BTC and crypto.  That's why we're here.  I mean sure, we could make some money, fine.  But it's more than that.  We came in here because we have a deep, genuine love for BTC, what it stands for and the tech.  And the degen stuff that we could do that comes with it.  Lolol.  But it's all part of the game. 

But yeah, these polls are made to just know how you feel about the price at the start of the month.  No more, no less.  There's no judging here.  It's all for fun.

The May started with a sudden dip in the price. Bitcoins went down till 56k usd when we entered the month of May. I am very much confident that all the new traders would have been in fear by seeing the sudden dip of the coin. They don’t know that this is just a small price correction. Moreover I think May will be little down for the Bitcoins. Definitely by end of July we might see Bitcoins at 100k usd or close. Hence, just ignore the price dips and buy the coins regularly.

But now the market is showing signs that it is making good progress. I mean, the market won't be as bad as it was in April although we can't guess where it will go. Had time to check the price chart, I saw the chart starting to return above $60k and now the price is starting to prepare for $62k.
If people still think post-halving prices will increase, most will assume it won't happen in May and I'm also not so sure I can close above $75k, but this isn't all about bearish or bullish.

Even though my prediction in April was wrong and things did not turn out as I expected, but I still maintain my old and only opinion that this year bitcoin is only up. I will continue to be bullish this May even though I see many people becoming pessimistic, most becoming less optimistic as we just went through a significant correction in April.

There haven't been too many votes yet, but with the majority choosing "no", I feel quite happy. The same thing is happening on various social platforms as the crowd becomes more fearful and cautious. It could be a sign that bitcoin is going to skyrocket amid everyone's skepticism, and I wouldn't be surprised if bitcoin hits $80k by May.

I was a bit worried in April when everyone was bullish and that was not a good sign for the market to rise. But with the fear of the crowd still not stopping, this time I am more confident with my prediction.

Yes that's right I also see it like that in the monthly time frame, it's indeed a confirmation that we're going to a bearish market if we look at it from there after we saw consecutive rises before, maybe May will also follow to do a decline in price red again, and support is seen at $45k from this side, Still, the daily and monthly candles show that we have a wall at $52k and $45k which is quite strong after the support we have at the $60k price level was destroyed yesterday which made me hot and cold because I haven't taken profit, but besides that I still have an optimistic spirit for BTC if there is a favorable sentiment on the increase in BTC prices, we only need a miracle, because mathematical calculations can be broken by unexpected events in the market that break many analysts.

If you took the poll the OP created in April, you would have realized that not only the newbies but also the old ones were very optimistic and confident about the bull market in april. Don't just blame the newbies, most of us predicted the market wrong in the past month.

For me, in the market there are not only retail investors like us but also funds, whales, sharks, market makers...So whether people are optimistic or pessimistic will not determine the market's trend. Another thing you need to know is that the crowd is very fickle, just one pump will make everyone optimistic again and forget all the previous negativity. So just because people are no longer optimistic doesn't mean bitcoin won't increase in price. Similarly, everyone's optimism did not cause bitcoin to increase in price in April. I still believe and hope bitcoin will rise again this may, even though everyone is becoming pessimistic including you.

The month of May might have started bearish but that doesn't mean its the same way its going to end like that, just as we already have now, we are seeing the market moving ahead more bullish and we already achieved the $62,000 market price today with bitcoin and we are still hoping to see more of bull the more as the market continues, there will be a time that there will be more continuous bull run on a stretch without any resistance against it, so i will go for being more bullish all through this month.

Still looking for strong price support to reach prices above $75k. If within 2 weeks $62k becomes a strong support price, I think the Bitcoin price at the end of May will be good which can reach above $70k as has happened this year.
By the way, I haven't given you a choice yet.

It is still too early to say it will not be able to because we can see the price of Bitcoin which has reached $62,179 as the highest price in a 1 hour period.

OK, but if the people start to think that post-halving prices will NOT increase, then many people will assume that it WILL happen? But will the people's assumptions = actual price surge, or a price DIP?

¯\_(ツ)_/¯

I believe plebs' assumptions = opposite of actual assumption, therefore I want more NO votes than YES votes. https://cdn.imgchest.com/files/6yxkca3aae7.jpeg

Im still looking for something that will make me believe that we will be crossing 75k and above this year
because the way I see the market is still in crazy movement that makes us believe that we are not stopping
here in ups and downs .
it is correct that we started the May with bearish price but looking into this now? as we crossed
63k again and we are seeing stronger movement now ,I believe that we are having a good chance this
May hitting 75k.

We need more reasons and more positive news to appear in the market before we can expect that bitcoin can continue to grow this month. Otherwise, bitcoin's correction will continue. The market is unpredictable and extremely unpredictable, bitcoin increased to $63k because of some recent macro news, but that does not mean that it will continue to increase in the following days of the month.

I think those who are long-term investors should ignore this short-term prediction, but if you are a trader, you need to observe bitcoin's developments more to come up with your own plan. Instead of expecting bitcoin to increase in price without solid data.

We don't know what bitcoin price can do in the next hour or more, every speculations about the price is done out of optimism  and  trust we have towards the digital currency in contrast to it's past halving circle's, and the most recent significant market events like the bitcoin spot ETF.

This May if am giving my prediction it's going to base on the similar chart pattern I am seeing in the 8hrs and 24hrs candle chart. And if my hunch is right, then we might be having bitcoin price closing at most 72k this May, except for other market news happening to break past the  strong resistance to close at 75k above.

https://www.talkimg.com/images/2024/05/04/rjFrD.jpeg
Took the last Month candle and bounced back and if it holds the new low.
Lord I pity the bear like truly pity them because $75K would be the least of their problem.
Yes with current month chart of today I believe we can
Keeping Negative news constant.
Can never be too sure when we dealing with human factors

The bullish momentum continues despite the unexpected huge drop the day after the halving event. The chart tells us that the majority remain optimistic and decide to stay holding rather than get tempted by the price.

What I expect this month is more on the recovery after the short drop but I don't think it able to reach far $70k. While we were surprised about the drop, some also took this as an opportunity to buy which is why the price stopped falling instead, we see it rising again now.

This month may not be the bullish month of the year but I believe, it is all gonna be positive.

Look at the downward trend since April 8th and there is some hope of breaking that but its not occurred just yet.   The challenge and recent high that happened today was to the 50 day average and that serves as a good proxy for progress vs wider negatives in the price I think.

Todays high of 65.6k was lost to the current price of 63k.  BTC has to not only recover but also but sustain for a further 2k beyond that to really break any idea of a negative trend lingering.

   We had the recent threat of a break to the downside, I dont think that threat is over even if subdued it can reappear and succeed on the next instance.   

I want to see the pattern of lower highs and ever lower prices on each daily bar low to be broken.   If that erratic cycle of decline is negated with pattern disrupted,  we then have good evidence the negative movement is snuffed out.

 It might still be the price action continues sideways and people dislike that just as much however sideways is a positive to me, these are high prices sustained and it equates to strength.

The price of Bitcoin will not set records in May, breaking past records in May. Because after the halving takes place, the price of Bitcoin is usually within the reach of investors. So this time investors will buy enough bitcoins and wait to hold them until the next bull market, as an ideal investor has done in the past. When Bitcoin price was in the range of 30k to 40k dollars. So currently this May Bitcoin price will stay between 60k to 70k dollar and from next month Bitcoin price will continue to move towards the bull market.

month of may has always been rather negative month for bitcoin so there's no overwhelming expectation for this month to be honest, just a recovery is already suffice, it might serve as a good starting point for future bullrun if the recovery could at least get bitcoin back to around price above $65k its already good enough.
i'm expecting that this 3 months gonna be turbulent months for bitcoin in retaining its price, much more like a market trying to determine what the direction it gonna takes whether its bearish or full blown bullish we don't know for sure, the target of $100k is massive but big instutions now starting to invest big in bitcoin ETF such as the recent news about asset manager hightower buying $68m bitcoin ETF.
probably other institutional investors gonna follow if bitcoin could successfully retain its price around this turbulent month.
end of the year is where many people here seem to expect that bitcoin finally getting near $100k target.
since maybe if its right now its too early.

I think it will happen like the previous increase in 73K ago along with the good news about the ETF approval and a series of other news, but at the moment it is likely that BTC is still trading in the range of 60K to 67K only first and that must be attempted if it does not break I think there will be a price reversal back below 55K-53K before rising again but after this goes through the bull market will come back again.

I just voted No for the May disposition of Bitcoin in reaching $75,000, I certainly do not think so. Bitcoin has its own trouble and halving that many rely upon will not be an automatic saving grace as quickly as possible and Bitcoin is facing a whole lot of liquidity issues at the moment (additional capital much enough to breach the ATH) which might tarry for a while more. In case many do not know, it was helped to rise last week due to some factors, which include the FED's Dovisness on Wednesday and the many important news on Friday which later attracted a positive outlook in a short-term disposition, but for how long?

We should be so thorough in our reasoning here and do not think that it will hit the ATH of about $73,850, talkless of moving above it to hit $75,000. I also suspect a scenario where the market will move sideways, it might be moving within $73,850 (ATH) and $56,480 (bottom of the recent fall). A break of either side will announce where the market will truly be biased afterwards, but for now, it is too early to say it will rise or fall.

Nevertheless, unless there is strong news/event that will shake the market, I do not think that $75,000 is feasible, it doesn't have that prospect to garner such liquidity that will make that level to be encouraging in my opinion.

You know in this situation it's hard to say that bitcoin price will be at this particular point or not, I know very well that bitcoin as a cryptocurrency is something that have to do with some certain regulations and rotation and you can not stand to say that price of bitcoin will be at this particular price, so bitcoin price in this month of May might reach above speculating values so it depends on the determinate of the market..so I will stand to tell you that nobody knows what tomorrow will yield because is as same in bitcoin..predicting the price of bitcoin is like someone is exaggerating because you don't really know exactly if what you predicted will come to pass or not..so in summary bitcoin is unpredictable currency.

it is obvious that the price of Bitcoin is not constant as we may think so I know quite well that the market or bitcoin is unpredictable and if bitcoin price increases in the market then something that prompted it to increase it is neither the demand is greater than the supply why if there is a bearish season that means the supply is greater than demand.. so in Bitcoin we cannot say that this is the particular price of it in this particular month because we may predict and the future of Bitcoin interchange it based on adoption experience in that particular month, so I can't stand to say this is exact price of bitcoin in the month of May.

it is possible I don't follow the price people stated or lamented and also speculate I know quite well that as you are bitcoin to increase there is every possibility that the price of Bitcoin might fall or retrace to a certain point that we will not believe the price of bitcoin,  will it be some many people is expecting that the price of Bitcoin will increase why the price can reduce to a point that will astonish them in cryptocurrency there is nothing like accurate prediction because it is something that you and I cannot control it is being controlled by them determinant of the market

I wouldn't really think that it would be impossible though. I said yes because I think that even if it doesn't happen that doesn't mean that it would be impossible for it to happen. I think it's quite possible for bitcoin to reach 75k because we had a bad April month, so we could have a following up great month as we commonly do. If that is the case then I am sure that we are going to end up with a lot better result eventually.

We shouldn't really be considering the situation we are in any better than what we had or any worse, we do not know what the future holds and we are just assuming what will happen. I am sensing that we are going to do fine and not going to have any issues, but I can't really guarantee something like that.

When it comes to the market matters, there is nothing like Impossibility, anything can happen in the market, and even if we speculate against a thing, we are not perfect about the speculation, neither are we seers, but we are just speculating which doesn't guarantee anything. I said that for you to know that my stance is void of impossibility, the opposite may happen, that's the market for you, no one knows it all. For these, it is a matter of "trying" to expose what the market may do and not possibility or impossibility, this is why I often choose my words carefully when it comes to the market so that I will not be guilty of my own words.

Also, I do not relate to the market based on assumptions and feelings/instincts but based on what I can read on my trading chart and the market psychology at large, which is why I am always constructive in this regard. Though I never called so many strategies and levels out at the time I made the first reply to avoid ambiguity, but still, they were part of my resolve/dispositions, it was just a summary of what I believe the market could do, and most likely, that is what it would do. However, let's mark the support level at $56980 and the low of last week at $56,480. The breach of those levels downwards may not be cool for Bitcoin this month.

 I voted no as well as I don't really see Bitcoin price reaching even $70k, much less $75k being that it's price is stuck at a particular range, trading at around $62-63k. If anything we'd experience a range of $65-66k before the end of this month but hoping to see it get close to the ATH threshold will be too much of an expectation.

Yes, it seems that we are in the sideway pattern again, but it we base on the last bull run cycle after the halving, almost the same movement so no worries. There is a jump to $64k if I'm not mistaken, but it wasn't a sustainable run as it seems to be a fake break out obviously.

But don't be negative if we have a sideway pattern, at least everything is even out as far as buying/selling goes and then the volume. On the other hand, another golden opportunity to continue with our DCA at least for this month.

Presently, Bitcoin is $61,483.47 as at time of writing and if it continues drop, weak hands will start panicking and may want to sell off their coins and at this point any favorable news concerning a positive surge in price is deeply needed by the community.

The month of May is still quite fresh and there's still the belief that a turnaround can occur and while we do not know if there'd be any approval of ETFs that could hasten that process, there might be a whale interested in taking advantage of price but all the same, it's to keep our fingers crossed and hope for something better.

Yeah, I think it's all about the excitement of the halving, and then the high fees that follow after that. And now momentarily lull or sideway patterns for this month. We went as low as $57k but bounce back to $63k. And if we have to average it, could be around the current price that we have. It's good though that the weak hands has been shaken again. And what's left is for us regular and average joe investors, just continue to do DCA and just truly invest what we can afford at this fight. Nevertheless, if thee will be a turn around for this month, something positive news should be seen. But so far, none of that has surfaces yet and so investors is on a wait and see attitude again.

Bitcoin price touched 60k dollar to dollar dollar this May. It touched up to $59k in the same month but didn't last long, Bitcoin price started to rise again in a short period of time. Bitcoin price is currently at $65920, but Bitcoin price is just waiting for the bull run to start.

As long as everyone remains optimistic and continues to hold on, the market will not recover anytime soon. What I learned from previous price increases is that bitcoin will only increase in price when people gradually get discouraged, no one talks about bitcoin increasing in price, hitting new ATH...bitcoin always increases in people's doubts .


I think bitcoin will move sideways over the next few months but will move within a fairly wide range, probably in the $60k$-70k$ area. I also agree with most of the comments here, we won't see a rise in bitcoin prices anytime soon this month but let's zoom out and look at the long term, the market will rise and rise.

Maybe I was wrong to pick 75k over, but to be fair it did look like that would be possible, but also we are just 10th right now and something huge could happen as well we do not know. We have like nearly three weeks before the month ends and people are overreacting on the downtrend.

Yes, I agree that it doesn't look great right now and yes I am aware that it is not a great situation, but that doesn't mean that we are going to end up with something that will take some time, it could be very very quick for it to go up as well. This is why we should consider how it could grow bigger and bigger. Of course this is just a situation that is temporary and we may not end up getting anything else out of this if we are careful about it as well.

Continual short term weakness, we have failed to surpass the last high so thats a lower high.   To complete the set and convince the wider market we only need to put in a lower low which would be a price point below May 1st low of about 56.7k


We already made a slight lower high at April start so arguably the medium term also is in the frame to tilt downwards.   The recent May high on 6th was just below the 50 DMA which shows actively traders are betting lower, they can proven wrong and speculators reversing their trades can be bullish.  Until forced to alter course BTC has the bias to remain progressively lower I think.

51k is the 200 day average, thats the rough objective.  A while back I mentioned we seemed determined to stay idle until 50 day average came within range; we didnt react and its not moving lower on that average.   Mostly I would label this idle or without power not broken exactly but any argument and failure with regard to the 200 day average is far more serious.   I dont know May is so negative that we get near to 51k, its also true the 200 day is rising upwards so the two will meet in between and it could be next month not now especially.

I just picked 'NO' because to me judging from bitcoin history we would hardly experience uptrend after halving and for that the market would always move on the sideways whereby it could go a bit high not upto the previous ATH and at some point it would go a bit lower than 60k to 55k till the period ends, i mean this year likely runs out completely before we could see bitcoin closing above $75k, no doubt that we could see it above this price only if there are to be more positive news that could spike the market to create a new wave of having another ATH, and will also like to draw your attention to keep in mind that anything is possible in cryptospace we could wakeup at midnight seeing bitcoin dancing at $100k yes this could be true since no one is sure about the market and its possibilities.

and crypto laws are being debated for now in the US, which will likely affect the price. this is becoming a very cruel market. just today it went up to 63k and 2-3 hours later it dumped to 60k. not that it's surprising but i think it will take time before the price hits $100k. i will not be expecting the price to shoot that high this year.

but i'm seeing what they speculated to happen that it will dip to $42k soon for BTC for it to bounce higher.

Well there is every possibilities because with the said news can caused a serious pull back in the market knowing too well that the market is mostly and always being driven by news, so for that there is every tendency that 42k could be something we would experienced. Especially the US debate, couple with Nigerian Government fighting against cryptocurrency traders whereby NGN are being delisted on most of the platform could be the cause of this suddenly drop in cryptocurrency market and there more possibilities it could go lower or sideways.

We will see then, I thought that the first dip could be at $50k and now they are talking about it going down at $42k? Yes, it's the regulatory framework or the SEC going against exchange like Coinbase or even the flow of ETF's that could affect the price right now. But it's hard to see it goes down to $42k although it's possible, but if we are in a bull run already and every opportunity to see the price goes down below $60k, there could be entities that are going to take and buy some causing the price to at least bounce back. Weekends is already here though, so we might see some slowdown as far as volume goes and sentiments for this month might continue to be bad.

If you must know all things talks about bitcoin is speculating and no one is certain about it yet except for those news and of a true market is truly volatile and can't maintaining the bull trend.  Another ways to look at it again is, when you look from the bitcoin history you would see that this period is not always the best time bitcoin keep moving on the bull trend rather market could be a bit waving like going sideways.

these are all speculations. the slow declining price is just not making making the traders profit and if taking a look at what government is doing about regulations and economy along with the coming election, all points to making price dive deeper.

this is still neccesary i think so we'll see another bottom which could be higher low.

You're not necessarily wrong in choosing $75k because the market is unpredictable. Everyone is quite bearish after bitcoin failed to recover in April and is now correcting towards the $60K region. I remember last month most people were very bullish and confident that bitcoin would touch $75k but in the end the crowd was wrong. And I hope this time things will repeat, when most are bearish, only a few are bullish, so it's very possible that the market will disappoint the crowd again. There have been many predictions of bitcoin dropping to $52k and you can see in the comments below that some people are even waiting for bitcoin to drop to $42k. I think it's a good sign for us to be greedy when the crowd is fearful.

Last call before I lock the poll...  The votes aren't ask skewed as I thought it would be.  I thought it would something like 90% no votes after the disappointing close last month.  But yeah...  It's 8 - 12 rn.  Not bad and nice to see some guys still root for BTC to go above 75k.

BTC looks like it's ready to go up again tho.  Still has 15 days or so.

https://i.postimg.cc/RZCvc1dB/11-E0-D981-D365-4936-8-E4-E-22-C496-E7-E97-D.jpg

Basically there are many charts that make predictions and speculation about the development of Bitcoin prices for the month of May and the end of 2024, basically everyone has their own opinion and understanding of the charts and their respective beliefs for Bitcoin prices.

Honestly, I don't want to think and speculate too high for Bitcoin in May, I have a trail of opinion that I think is certain, the price of Bitcoin for May, Even though there are no graphs and predictions that can be said to be 100% accurate at least, in my opinion it has a chance to reach that level.
That is, the estimated price of Bitcoin for May is $67,915, not reaching $75k.
Speculation graph that I entrust.
https://zizihub.com/ec0724.jpg

It is likely to touch that level this month/May.

I'm just waiting for the reality to see whether it will break 75K for May  or even fall back below the current price of $65K what just happened at this time.

Price might likely break $73k this month. But for now I see $67,229 as a strong resistance level that will push price down, though the bulls are getting strong in the pump, if it breaks that zone I expect it to respect $68,928 for a drop. If it just pump then a serious fakeout, once it respect any of this zone, then a new ATH to be formed after that.

OP, I appreciate the fact that you keep making thread on Bitcoin price speculation, well done.

Put a green tick on your May end chart, today was an important day.   More then just a 7% rise, the wider implication is that we have broken a series of over a month of repeated decline.

The high today exceeds the prior highs which were in a long series of lower highs.   When we continually slip down the ladder it can mean we end up falling off and ending sharply lower.    Today is at least lighting the touchpaper to a change, its the beginning of a maybe alteration to what could have been a certain negative.

I do expect more sideways but even in my pessimistic view it does mean sideways not down, effectively its a good day for near and medium term.    The daily bar needs to confirm, today, tomorrow and not reverse or leave an open spike behind.

The entire weekly bar is ideally the real gold measure for a proper move more then the guessing we so often have to do.   End April we had something akin to a hammer looking candle, that is just a bullish reversal.

A move down which fails can lead to positives, I think of it as like elastic a good rebound; today may help to confirm that.  A singular moment of movement is not so important but a combination can develop to become a locomotive :p  

 Dont over cook that thought though because its never certain, confirmation comes with time & additional price action.  Volume today was not massive from what I see.

Bitcoin Price This May The Bitcoin price is very likely to break past records.Maybe touch up to 74k dollar, as Bitcoin will move towards a bull market. Because investors have given enough opportunity to buy bitcoins, now the price of bitcoins is only starting to rise.

Price is always within the $60k range even if we already entered a new month which is May. We only pass the first half and there are no signs yet of taking off. With that analysis of mine, I don't agree with you that we can hit $73k this month, however the second thing that you said can be true because we are not far from it.

It is also normal that after an increase, there will then be a decrease. I don't totally know what you mean by the word respect in terms of BTC price but I think there is no respect there if BTC will just drop right after hitting them. It's not its fault though but it is only following the system that is designed by its developers.

we are all waiting but  i am not expecting anything soon instead I am for the run of accumulating
as long as I can readying for what will happen sooner.
now that the market is showing improvement ? i believe that there will be something coming anytime
soon , if this is the beginning of the bull then we must be ready and keep tight guys.

Yes, just surprised to see the price crossing $66k and the good news is that we still have like 2 weeks this month. And if this bullish sentiments continue till the end of May, who knows, maybe $70k'ish is still possible.


I know, but there are still possibilities that this could be a start of a good run at least for this month and then we will see how it goes this coming June. We are not sure though what news comes around that pushes this price to go up by more than 7% and that is unusual as we have been trading sideways for this month.

Bitcoin isn't following any system by developers, it solely depends on demand and supply running in a financial market. We can't say a financial market is made up of developers and that's what you mean.
Mate, we are dealing in a market when it comes to Bitcoin prices not Technology.

I meant price respecting those zones, if you follow through you will be clear that means price moving as anticipated.

The market is unpredictable yeah, but price creates a roadmap which we follow combined with past and present Data.

One of the things with bitcoin is that everything can change in a matter of hours, just a few hours ago I could have agreed with your prediction as 73k looked to be very far away.

But suddenly the price grew at a fast speed, and now the bulls have several days just to make the price of bitcoin to increase 2k so we can touch 73k again, demonstrating once again that anything can happen and we must prepare ourselves for any scenario, no matter how unlikely we may think it could be.

You are right, I agree with your opinion. Prices can change at any time, so of course we have to be prepared for everything. Market sentiment can change at any time and this is very possible when there is a lot of positive news influencing it. Just like you said, suddenly the price rose before the month closed and now the price of bitcoin has formed new support at $70k which was previously resistance.

Basically we have been or are preparing to expect huge price increases, of course. The halving passed last April, so now waiting for price increases is best done patiently. If the price of bitcoin can stay above $70k for some time, then it is very possible to expect a new ATH even before the end of May.

Ok guys, we just have a couple more days to go before June poll starts and goes on for a couple of weeks before lock.  The month is prolly ending in somewhat of a disappointment for some people but then look at the monthly chart.  BTC is up 12%.  That's not bad...  Like at all.  ;)

If I were to make a poll today if BTC could break out above 75k and stay above it, most of the guts who vote would mostly prolly say yes.

https://i.postimg.cc/yYTkJ1Z1/55-F7066-D-D59-E-43-B3-A48-A-AFD027-F6-D214.jpg

Bitcoin price pumped once late this May and touched $71,000, though it was a weak green candle. Currently, the Bitcoin market is in a slight downtrend, as time goes on, the green candles will continue to grow. I note that the May 2023 price of Bitcoin was very low and it has pumped to the highest level in the last year. So if we start a bull market then it will definitely increase by two to three times from the current price.

Well we never thought in the beginning that it was going to be weak and not sustainable. And now we know that reason is that it was because of Pizza day that week. And so thee is a some pump on the price, pushing it to as high as $71k and then we thought that it will sustain till the end of the month.

And by now, it's obvious, that it was just artificial and could be manipulated by some groups. Nevertheless, ending this month at $68k is still good and very high in my opinion.  We are still +12% this month so everyone should be happy this May.

I participated in voting in your 2 threads in April and May and I always expected bitcoin to surpass $75k but I also failed twice. We are just a few hours away from the end of May and bitcoin is trading at $67k. Although not everything did not go as I expected, it was not too bad because many people were pessimistic that May would be a bad month because of the saying "sell in May". Bitcoin did not fall too much this May and I am more optimistic that in June we will soon be booming again. I'm eagerly waiting for your June prediction topic and want to know everyone's prediction about bitcoin.

There was a small pump in May, where Bitcoin touched $71K but failed to touch the previous Bitcoin price of $73.6K. But this is basically just a sign of a short bull market, as investors are repeatedly creating opportunities to invest in Bitcoin. So as the price of Bitcoin continues to rise it will be ready to hit the highest price as well.

Bitcoin price crossed $60k to $71k in May. In the end, the price of Bitcoin did not reach new highs. But towards the end of the month the price continued to fall, currently the price of Bitcoin is at $67k. Bitcoin price goes from $65k by five to six thousand dollars most of the time up and down. I don't know how long this trend will last but I think bitcoin price will increase soon where we can expect $100k by the end of the year.

This is a very normal condition because this condition still shows that the market is not bad at the moment so it still makes investors continue to stick with their own Bitcoin investments and also still opens up opportunities for other investors to invest in Bitcoin. A new ATH can be quite possible to expect this year, but for traders something like that will certainly not be profitable enough for them as long as they still prefer short-term profits and are not too brave in buying Bitcoin at the current price range.

well May have just ended and I think OP will be locking this thread any  moment from now and yeah like
what said the ATH did not happen to be broken this May so maybe we need to wait for the last quarter to
see some good action from bitcoin because for now? there seems to be stagnant position in the whole
bitcoin May month movement ,.indeed that we have touched 72k again but that is the highest and then
starts falling to 67k again like what its staying now.

Another target for June? Pool as of June maybe touch $80k ? Another goal of the OP to follow is when Bitcoin investors all expect more. Holding maximum readiness to break the previous ATH!