Next resistance at 9.7k. What are your thoughts on May movement?

[bizarro]

Im realy happy about the sittuation on a market. Everything in my wallet grows up and up. It makes me feel better, lol

[1714853509]

1714853509

[1714853509]

1714853509

[1714853509]

1714853509

[gabmen]

Im realy happy about the sittuation on a market. Everything in my wallet grows up and up. It makes me feel better, lol

Probably this will flow through may and we'll have the same market movement. People have started being active and volume is quite good not only for bitcoin and the top alts but most of the market. I'm looking at tron and eos and their growth this month is really notable.

[gorodi]

Im realy happy about the sittuation on a market. Everything in my wallet grows up and up. It makes me feel better, lol

I like your sense of humor, mate. However, we are talking about May prices predictions. My bet is 9.9 K for Bitcoin and 700-800 dollars for Ethereum. I guess the leaders will be NEO, TRON, and OmiseGo.

[Baofeng]

i have a feeling that some big player (a bear whale) doesn't want to see the price go up yet which is why we keep seeing these huge dumps like what is happening right now where price rises up with a nice buy support but a sudden big dump crushes the rise attempt with a big red candle being the evidence on the charts. you can see price reached $9444 then someone dumped a large amount of bitcoin on it and it came back down to $9200 range.
i wonder how long this is going to last though, because the buy support is still pretty strong.

Interesting perspective. And I also noticed that there are new sets of FUD going around, like USA banning bitcoin and others which coincide with the last dip we saw. Although the price is not yet affected because its above $9200 we might see some resistance at $9400, which we thought that $9700 is. So its gonna be along way to go for us to even get to $10K at least.

[p i e c e]

My bet in June is ten thousand or even a bit more. If Bitcoin hits this target, then the cryptocurrency can start the bull run. This will be a psychological mark that will mean: it is the time for the crypto to run ahead.

[binbim229]

I think at 10k2. Why is bitcoin going there as if it's falling down without brakes: D. A good amount of pump will make it uptrend back

[yayat]

Unfortunately all of those predictions are wrong.
Now Bitcoin drops to a price of $ 6,100 and the price is very painful for me.

But my hope is that Bitcoin will rise again for this month to $ 10,000.

[btc_angela]

My bet in June is ten thousand or even a bit more. If Bitcoin hits this target, then the cryptocurrency can start the bull run. This will be a psychological mark that will mean: it is the time for the crypto to run ahead.

Oh well, we didn't hit that $10K in June and we haven't seen any bull run. The bears has still full control of the market at this very moment.

Unfortunately all of those predictions are wrong.
Now Bitcoin drops to a price of $ 6,100 and the price is very painful for me.

But my hope is that Bitcoin will rise again for this month to $ 10,000.

Looking back, at those predictions back in April-May, it seems that everyone is still bullish even though this year has started at the wrong foot. And its really difficult to predict where the price is going to be this month or even at the end of year. I just don't expect anything spectacular to happen as I don't want to get frustrated and disappointed at the end.

[tatum506]

There is a lot of discussions going on if this is a bull-run, a bull-trap or consolidation. I don't think anyone really knows but maybe together we could figure some things out. Here are my thoughts:

• Next major resistance for BTC is at 9700 USD. Already testing this once and had a drastic drop
• Turned around at 8700 USD and have been steadily climbing since back over 9k. This shows continued strength

I think we are in a short-term consolidation between 8.7-9.7k where these two levels will determine a more middle-term trend on where BTC will go. If 9.7k is broken there is not much resistance until 11-12k so then we can expect a nice 15-20% gain. On the other hand if we go down below 8.7k then I think next level of resistance isn't until around 7.2-5k which is around 15-20% decrease. So the benefits/risks on either side are about equal so I am avoiding trading this until we can get a clear signal either way and I am also avoiding doing to much movement in my ALTs since this will be determined by BCT.

What are your thoughts?

I think bitcoin will be hard to come back to $ 9700 at the moment, you can see that after the bitcoin rebounded to $ 8600, it immediately fell sharply and was heading around $ 6000. You can see that the bitcoin price has created a new resistance level at $ 8,600, so the recovery is getting a lot harder.

[richcorner100]

If the current price breakout $7500, so the next resistance level will be $9000, i have to wait news of Bitcoin ETF on 30 of September to determine next level of support and resistance because fundamental things make big impact to Bitcoin price.