Bitcoin Forum

On the daily timeframes of the BTC / USD market there is a clear cyclicality of the trend reversals at the beginning of each month this year.

We expect a favorable market in June? What are your thoughts guys ?  ??? ??? ??? ???

I don't think so. I believe that we will probably see some sideways movement mostly, or potentially even some adjustments downwards. The market is still sentimented towards the bearish end, and even though some are trying to say that BTC prices will take a major leap in the latter half of the year, I don't think that it's ready for that yet.

The best case scenario for short term speculators right now would be bitcoin breaking through the $7.8-8k resistance, and initiating a small rally.

But there won't really be any trend reversals on a major scale, i.e., this suddenly becoming a bull market and people start buying irrationally. That's not going to happen this year, at all, imho.

well bro look at this ;
even though market sentiment still on bear,at least for now we have something to feel good right ?
do not put too much hope into it for a short time,but instead look at it for a bigger picture.
if i were you,i will buy it right here right now and hold it.
who knows what will happen right ?

As much as we wanted to see a bull run this coming June, I don't see it happening because that interest of investors now are just on daily trading. I mean they will take the opportunity to make a good profit and not wait for any break out runs unlike December when everyone was really holding their bitcoin and waited for the perfect time to dump it. We have seen numerous times in the past eight months that this is already the mindset of most traders and I don't think that it will be change, not unless we have some positive news that will overcame this sentiments moving forward. So there might be a continuing sideways and occasional increase but not enough to push the market to its next levels.

It's completely impossible to predict the market now. I remember similar predictions and similar posts in the forum since 2018 stated. From January to May and now it's the turn of June.

I think this month we will experience a little bit stable of the bitcoin price and this coming mid of June expect for the price could be increased a bit or drop a bit depends on the market trends or if there is a big news coming related in bitcoin expect for a big price impact.

So it would still depend on the situation and news if what will be the price of bitcoin these coming days and the movement of the price this year is too different what happened last year because last year we experienced of continuous growth that is not the same case today.

My target month that we can see a large price movement of bitcoin is around November and December.

People will keep trying, because at some point they will be right at least once. If we look at the odds of being right or wrong with the state the market is in right now, then people actually make it more difficult for themselves than needed. I have been right more often than all the predictions I have been reading on the internet. It all comes down to extremely lowering your expectations of how this market will perform, and use the sentiment of the general public against them. If they expect the market to increase, you go short. If they expect a decline, you go long. If you think the market won't be going up or down a lot, go with a 2x leverage to boost your potential returns, but it's always better to not bother with leverage unless you are familiar with them and accept the risks. Leverage has both positive and negative effects.

June month will be the best month for the price movement to next level.This is happening every year.Starting from June,the bitcoin price reach new peak at the end of this year.Now the  price in the 7000$ mark,you can use this to get  more profit in bitcoin with short time period.

no point making predictions while it's ranging. we need to break $6500 or $10k to know where the market is headed next. anything in between could just be noise. i stopped trading this chop a little while back.

if up, i'm targeting $15k or so. if down, i'm looking at $3000. too early to tell.

Although it is difficult to predict the bitcoin price, but still there are a lot of expert people who have good experience in trading altcoin and for most of the time their prediction proved as correct, therefore some time we need to act according to their prediction, but still it is not necessary that for every time their prediction will proved as correct.

We're in a triangle, coming off a downtrend. That's usually bearish. Then again, Bitcoin loves to break upward from "bear" triangles.

I'd wait for a significant pivot break in either direction to establish a trend. This could go either way.

history is filled with cases like this where you see a certain pattern at a certain time like a reversal on 6th of each month which is being discussed in this board these days. but all of these patterns can be broken and they do get broken often enough so to make you not want to rely on any of them.

as some of the others also said, we should wait for a major movement and for the price to break out of this wedge before we can expect anything from it.

This month it will not going to big jump but slowly this will raise in the market. But many altcoins are fastly recovering in June and July so better next month we should expect the big pump. My self still Crypto market is favourable to me because I earn more profit in this platform and many investors are depends on the Crypto platform so this is always supporting to everyone.

This and next month there will be no big jumps, quiet summer like all summers before, is what I expect. Only in August and later we can see some bigger rise, but until then all we going to see are normal fluctuations with smaller range ups and downs.
I didn't saw any big things about bitcoin announced for this summer, because of the past summers I believe this one will be same, only after a summer break people are returning to jobs and market start to warms up. The peak is always in December, now its time for buying, holding and little bit of trading before new train starts its way to new top and maybe new all times high.

All bitcoin holders are now expecting this only. From june itself the market going to starts its growth. Last year also the market starts from june likewise this year also happens. But still market not recover, lets wait and see what's going to happen. All people's expectations are when the price starts to increasing continually. Now the marekt slowly starts to increase but at the same time we cannot expect the growth only. There ups and down occurs but hereafter so much will not occur.

Bitcoin price is never determined by these kind of analysis. The most important factor is news and rumors and these factors are all ignored in these analysis. They don't work.

It is really hard to tell whether we will see the favourable market (read: price increase). couple factors to consider:

1. Rate of adoption: there is a law that states that the value of a network increases as the number of users on said network increases, and this is somewhat applicable to Bitcoin as well.
The problem here is that adoption of Bitcoin is hard to estimate, and certainly won't grow fast enough so we could see rapid changes.

2. Bitcoin is built on Blockchain technology, it is somewhat old and not geared up with the most recent upgrades.
 It is easy to say that from a technological perspective other cryptocurrencies built on the same platform might perform better.

3. Regulations, the inception of other coins and creation of crypto futures - all these factors will have a certain effect on the price as well, which is - surprise - hard to predict ATM.

Depends, still a lot of people are linking months into price movements, clearly by literally guessing all the past month and the upcoming ones they will hit a guessed that may be finally right. I am not one of those people who are linking historical movements to future price movements especially when we are talking about a volatile market like the cryptocurrency market. As to what it is showing now it still looks like that the bulls are trying hard to gain control which they clearly are not doing well.

The crazy rises, as history painted, often starts Q3 of every year, so my take is that sometime between July and September is where everything starts to get wild for the bulls' side. Right now, the market seem to be in a quiet state and moving sideways; no bullish or bearish sentiment forming right now so it's kinda hard to say where we'll be going this month. All I know is that the price gap is slowly closing in for bitcoin, and several bullish/bearish patterns have appeared over the course of 3 weeks yet no major movement have been detected whatsoever.

It is possible June 2018 might be new April 2018 and at end of June we will see Bitcoin at higher value as it started the month. No price will most likely not reach April ATH close to $10000.

That's the dumbest thing I've ever heard.

If you don't understand how to trade a broken range, you've probably never successfully traded anything before.

Stick to hodling, because "trading the news" is a great way to buy the top and sell the bottom. News only matters under specific supply/demand conditions. All that matters is how many investors/traders are on the wrong side of the trade when the range breaks. They are the fuel for a rally or downtrend. Everything else is just noise or long term underlying fundamentals that don't affect short term price action.

No. I don't know why you are thinking that the small gains in value at the start of each month that has happened thus far would all of a sudden mean that we are out of the bear market altogether and launch into a bullish phase.

There is no momentum in the market, or optimistic sentiments to allow for a full bull market in this month in my opinion, if that's what you mean by "favorable market".

A short term pump is possible, since there are signs that the price is testing $8k, and that could potentially mean testing $10k resistance again. But I doubt that it's going to be long lasting rally by any means.

Are you seeing some big good news that drives a big price increase? we do not have good news capable of driving a great increase of prices, on the contrary daily we have had bad news then how the price will increase? As long as we have the pressure of many governments and central banks the price will not increase, you just have to look at what is happening in many countries to realize this, there are India, China, Russia, Zimbabwe and many countries where there are no clear guidelines about the future of bitcoin

Very likely but you better don't expect that this month is going to be favorable for everyone.

Last April 2018 the price of bitcoin rapidly moved to $8,000 so this month can possibly bitcoin to move from $7,700 to $9,000 or $10,000?

I dont think price will go over $9000, because it will stay inside triangle. Price will go out of triangle only after will reach end of triangle. Then can break up or down. No one know that.  But I dont expect that in June, but latter this year. 

It's so early to say so since the month of June is newly started and maybe we might see some major surprise lift coming on this month, but on the other though I don't really expect that there will be a good pump to ATH on june month since provably the one we will surely experience is the stable,little pump and dump scenario's.

As expected this is the time and this is the start of the bull run. And i guess this past months, the increase and decreasing moments of bitcoin price is enough and the bull is ready to go wild and never gonna stop running again.

We have a quite stable price movement on the present time of June, there's no impactful good news that we may expect to influence the price so don't expect more from it but the possibility is always there that in every month of June there would be a dramatic price changes based on its history, we may see the prices jump from $7500 to $8,000 then the next target is $9000.

Humans are very good at pattern recognition but this also means humans are very good at seeing patterns where there is none, just because the price seems to show some reversal at the beginning of the month it does not means this will always happen, now for your second question I do not see a favorable market in June, we are going to see more of the same with bitcoin barely losing or gaining any ground.

I also expect that bitcoin will be atleast rise this June. Not only because last month it rise at the beginning of the month but because I believe in other people told so. But I again check the price of bitcoin and other crypto in coinmarket but sad to see it is all red. I hope I am wrong with my feeling that bitcoin will again dump. I will still not lose hope with what I saw

The funniest part is that the news that has been flying around lately which is expected to at least give a boost to the market is pretty much not giving that. So far, the market has not been giving the desired volume and does not look like it really wants to push further up. There are at least a lot of things to look forward to, focusing on the long term than now, which I believe it is a pretty good development for the space. June may actually be a good month generally.

One thing I have learned over the years in this market is never to use past incidents to make market decisions and not rely on it a lot. Firstly, when everyone is thinking about something, the likelihood of it not happening may end up happening and that to me may be a bit something no one will want to look forward to. June for sure has been a very lovely month for most of the market as we tend to see some pretty good growth most especially for alts, let's see how things would play out.

Looking at the current price it clearly shows that bitcoin is not going to the 10,000 usd anytime soon. Its price still below 8000 shows that we can't still something good about it this month.

What's has happened is the perfect time to understand that bitcoin is completely unpredictable in reality. As price hasn't moved forward over 150 days people expected a good growth by this month. Things were going good and a sudden drop to such a level has generated a panic among the users. Possibly this will be retained within this weekend.

Well, I can say yes. Market is favorable for us this month and its happening today, look at the Bitcoin price, it is at $6700 at this very moment. Someone might view it as a disadvantage where infact its an opportunity or a favor for us to buy Bitcoin at a lower price and sell it later on after the market fully recover and hit new ATH.

We are hoping for another market surge before 2nd quarter it ends. Though not necessarily to see huge but it could be possible at 10% increase as of the current price. Still we must be in positive outlook towards crypto as it drives into another success.

and yet here we are at the second week of this month having a sluggish market and dumping prices, i guess this kind of small ups and huge dump will happen in the next months, it is still uncertain if the same bull run in 2017 will happen this year and besides traders focus only on day trades most of hodlers of crypto are already made an escape few months back. this year could be the smallest number of players in the market.

There still a downtrend these days so were still seeing a slump of price. It is so uncertain to expect a favorable market this june. So struggling of bitcoun value may suffer this month and I am still upto holding bitcoin.

Yeah like last year's price change, the price started to move up as the mid-year began to take place, may begin late juni later price can go back up and bring bitcoin price to the moon. we should be more patient, no more mass panic, it will only make the bitcoin market conditions more worse..

As somebody else wrote, it's impossible to find a pattern and do any thoughtful prediction now.
I don't see similarities with anything we had. We had last year steady periods, we had quite some downtrends too, but this year it's already too much.
Right now all we can do is the usual "hope for the best, but be prepared for the worse".
I hope we'll see a nice market in June, or at least July, but... yeah... it's getting tough...

Technically I think bitcoin is going to go down a little before pushing it ways back to $8500 resistance area.  I have understood that June is always a favourable month but that is going to depend how far the current bearish market will last.  I think we should not hesitate to buy now as the professionals are doing the same thing.

All predictions are false and there is no reality in these predictions. I never believe in such predictions. The first week of June has finished and the price is still below $8000. Although the market sometimes green but the price is not increasing as it is expected. I think we will have to wait for some more time to see growth in the price, may till the end of this year.

Most of us are expecting a favorable market this month but the current trend doesn't look alike supporting our expectation. Today Bitcoin and other altcoins have dropped drastically and finding very difficult to regain its momentum. I think this month would also be like May and there is no high price we can expect for this month.

While it is nice to be counting the days since we reached an all time high people need to forget about this, each day that passes and that number gets higher it is going to damage the morale of people, there are many threads of people claiming bitcoin has died when it has been down only for half a year, how many of those threads are we going to get if bitcoin remains this way for years.

There have always been people that have been claiming that Bitcoin is dead/dying whenever the price goes down, the last time people thought it was actually going to die was back when Bitcoin had started to hit $200 (and lower) after having been up at $1,000 and later $700 for months. Once it went down EVERYTHING slowed down considerably and it honestly didn't seem like there was any chance for it to recover. Then we had a shift away from that mentality, gave it about 2 years and suddenly Bitcoin is up to $20,000, and now it's back down again. Time will tell if it continues to repeat this cycle or if we only got two chances with it before it petered out.

I dont think its impossible but the easy trend is not there.  Its a steady fight between sellers and buyers.    I've been following 50 moving average on 4 hour bars, this has been a good handrail to follow as we step up and down and right now we are in a positive phase with price generally appreciating.
Theres more then a couple measures to follow then just that but Bitcoin is tricky and shoots upwards after languishing and I try to learn that just going sideways is not especially weak when it comes to crypto and it can rise from here certainly

Its made a good base in June but has not risen strongly from there.    Theres better traders then me I've listened to me who say this is a slow bottom forming and will not give the fast results some want.    Its not a negative market imo

We have no idea but many people is speculate that bitcoin will go higher this month but as I can see it's so slowly to increase the price. Let's just wait and see what will be the price before June ends.

June is about to end and there is no strong bullish signal but nevertheless bitcoin is able to stay on its support level, this can be a good start for next month. Good news will be made to start the pump again, I'm still confident that this year cryptocurrency will become stronger.

That's the problem, those people who keep monitoring and keep chasing bitcoin are the one that keep complaining, we really can't tell what tomorrows will bring to our investment, we just need to wait and hold, things will be brighter if we will stand to our position, allowing this bear to move forward and right
after welcoming the bull to overcome the movements.

Unfortunately not anymore. Again.


I surely hope it'll rise again, normally it should. But what happens lately defies "normal" big time.

It gets harder and harder to stay positive. I just don't understand these whales' movements. Why would anybody dump such a good product?

I think it starts to rise at the end of the june. Fronm july oneards we expect more rise in bitcoin price. Present market is not favorable to us, again and again the price decreases. But hope it will recover soon and it will show its growth by the end of this year. Like last year this year also it will prove as bitcoin year. Lets wait and watch the market what going to happens.

In June, the price of BTC remained stable. Do not raise too high and reduce too much. I think bitcoin is preparing for a high jump in July, surely the price of the market will increase

Still now the market condition is very bad but hopefully it will recover sooner or later,what we have to do is buy more and more bitcoins now then only we can make profits when the price increases.But until now we don't see any better improvement this month and maybe July we can expect the price growth because that was the second of half of the year.Currently the price of bitcoin is $6400 which is almost one part in three of the all time high hoping that the new all time will come soon.

June is already gone and we need to look forward because the profile of Bitcoin was not that good in June. There were pretty much fluctuations in the prices and even the end are not a happy one either. But we need to know that as long as we hold our portfolio and do not sell, we will never incur a penny loss. This is the concept followed by the long term investors and they cash pretty good in the end.

We had expected huge raise in the price of bitcoin in this June month.But it start to reduce again due to the same hacking issue.I don't know why people forget to take care of their online wallet which had their hard earned money.If they take care of that ,hacker won't able to hack their easily.The price may raise maximum in this month end.

I think that everything will continue dropping during the next few months, so there is no need to be much worried about this, just relax

Yes, we still have about few days to see how that is going to be playing out. The market is still very bearish though, but let's see if we are going to be having any short reversal at this stage, or there is still a possibility of a further downtrend as the case may be.

I am hoping though that by the beginning of July, there should be some reversal and this is the time I expect the market and most altcoins to really end up gaining their feet on ground while bitcoin moves slightly upward. Honestly I expected those reversal to happen in this June itself but June month is going to end up with no differences from the previous six months as per my speculations.

Yes, it is a favourable market for people who want to buy the coin at the current dips and this makes there are many people to panic. This year we don't expect any positive market because there is a lot of negativity going in this bearish market.

Positive market is highly impossible in coming months. The market is filled with a high level of uncertainty at this stage and anyone who is making any prediction right now is obviously a baseless one.

For one fact, the market tends toward a huge downtrend as the case may be, and it is hard to certainly predict anything at this point. June is about to end though, and nothing special, so I guess we have to wait to see how July is going to be playing out then.

For those investors who are holding their coins for a very long time like me, i am hoping for the price to rise up again before this year ends just like what happened last year when china banned ico's.

Only six days to end June and bitcoin prices continue to decline. We should pray for bitcoin price increase in July. If prices do not rise, so many people will abandon investing in bitcoin.

Right and June is already gone. The prices were not so good in this month and the Bitcoin rather lost some good value. Now all we need is to focus on the months to come. In 2017, the prices of Bitcoin rose sharply and then more rise was observed in the next days. We hope for the same jumps till the end of the year and we might observe them as well because so many experts have been predicting good days.

All our expectations are according to our wish and well but it is not valid here and of no use because all it wants is the increase in demand rate, once it increases then the value will rise as well. However we expect the value to jump tomorrow but it is not possible and all we need is to wait till high market appears. The current low market encourages people to invest more and this will increase the value anytime soon.

Our expectations are in our benefit because we are here in order to get profit and make huge money in the market of Bitcoin. However we know that it is only the demand rate which is responsible for fluctuations in the Bitcoin.

Increase in Bitcoin increases the value of Bitcoin but this time the demand rate is decreasing and the value reached to 5.8k dollar. We expect the price to improve in future and this is in our benefit.

All we can do is to hope for the good and expecting a better market conditions as we are in danger zone these days it is actually the price which put us in fear but we should remember that it is a market favorable for long term so we should stay calm in the market like a duck and paddle like a crazy underneath. The market f our desire will come soon this year as the market low price is attracting people to invest.

It did not pass as I expected in June. I think it will be still in July.
I now look forward to September.

Ber months are the worst since when holiday is coming there are more people to sell their coins to get ready for it, however bitcoin is down for 7 months now so September and October are a good months for a redemption but I guess it won't be easy as in our current market we are experiencing a lot of denial.

Well last year it was the "ber" months that made bitcoin grow exponentially culminating on the price reaches as high as $20K in December. May-June last year was not that good because I remember it was the time when the so called Flippening has started to spread not just around the forum but in crypto related websites. They thought that ETH will take Bitcoin's place, however it didn't happened. I agree that it didn't pass or it didn't work on our favor this June, which we thought that might bring some good news to us, however, is not yet the end of the year and many things can still happen that "might" turn this bear market into a bullish one so that we can at least we can end this year on a positive note.

People keep repeating that current prices are low, but they really aren't. The sooner people realize that, the sooner they will start looking at the market differently.

Speculation has always made the price operate well above its utility value, but due to last year's increase we have seen the gap between the utility value and the speculative value be larger than ever before. If you also take into consideration that we have to deal with more coins being in circulation, then you come to conclusion that we should respect every level we're currently hovering over. No matter how "low" the current value is, we can go lower.

People aren't in a position to demand a recovery. Everyone is waiting for something to happen, but not doing anything to change it; how do you guys expect anything to change?

You will have to wait at least till the end of november if you really want to see bitcoin increasing, in july bitcoin price increase but it will stay around 6.5k$ - 7.2k$. People are investing in bitcoin because they know this is the right time to purchase bitcoin other people hold bitcoin and waiting for the right time to sell bicoins. Forget you have bitcoin till the end of 2018.

Not sure if people will abandon BTC or anything else, more over it likely is a call to buy some more imho. good times :)

Lol. Favorable indeed. June just replaced fabruary as the month with the all time low this year :p and i don't think there's anything yet that can make a big reversal unless the ones who also are keeping btc at it's current price range decides it's time to change market status

My thought too. That bitcoin will be very strong this coming late 2018. I think it will happen earlier like October. July will be a bit bullish too and can even touch $8,000. Just my own analysis though but I am confident.