We expect a favorable market in June?

[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.

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.

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.

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[timerland]

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.

[Slow death]

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

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

[batang_bitcoin]

We expect a favorable market in June?

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

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.

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?

[Febo]

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.

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. 

[arwin100]

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.

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.

[bakekang]

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 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.

[miyaka26]

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.

[The_Dark_Knight]

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 ?  

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.

[ArIMy11]

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 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

[KingdomHearts]

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 ?

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.

[kojoannan]

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.

[ASHLIUSZ]

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.

[Oasisman]

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 ? 

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.

[Lpim01]

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 ? 

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.

[astrid.uchiha24]

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.

[Kidmat]

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.

[BeGoods]

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.

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..

[NeuroticFish]

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...

[okala]

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.