What are your bitcoin May/June price analysis?

[Ojima-ojo]

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


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

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[pooya87]

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.

[Hyphen(-)]

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

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

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

[Zaguru12]

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


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

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

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

[Stavri]

June usually more positive and green comparing to may. 

[suzanne5223]

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.

[hatshepsut93]

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.

[Sim_card]

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.

[Poker Player]

I don't see the sideways trend changing without some significant event.

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.

[adaseb]

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.

[waONE]

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.