We expect a favorable market in June?

[Vetroslav123]

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 ? 

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[magneto]

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.

[Javi_Anibarro]

well bro look at this ;

Today we’re excited to announce that we’re on track to become a US-regulated blockchain securities trading venue. We believe this is an important moment not only for Coinbase, but the entire crypto ecosystem-CoinBase
https://twitter.com/coinbase/status/1004484809316446208

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 ?

[peter0425]

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 ? 

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.

[Rozita]

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.

[BitMaxz]

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.

[richardsNY]

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.

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.

[bocyaj]

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.

[figmentofmyass]

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.

[bncbnc]

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.

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.

[marky89]

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.

[pooya87]

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.

[ajqjjj]

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 ?  

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.

[iv4n]

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 ? 

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.

[Hannahanto]

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.

[ahmadakbari]

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.

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.

[Hazir]

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.

[Harlot]

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.

[dothebeats]

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.

[Febo]

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 ? 

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.