What are your bitcoin May/June price analysis?

[Cryptomultiplier]

The price should be within same range of nearly 27k as we approach the half a this year. We are still expecting it to keep rising. 25,300k had been rising to almost 27k which is expected as this is a bullish pattern we seeing do far.

[1714211852]

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[Yamane_Keto]

I found some articles that speak more accurately, the language of numbers may give us a negative perception of what will be on the price during June.

Over the last 14 years, the highest average return for Bitcoin price is roughly 38% in November. Following this is 36% in April and 26% in October. Likewise, quarters one and four display the best returns for Bitcoin price. A simple conclusion from this would be that the first and third quarters are typically the best time to invest in cryptocurrencies.

Source fxstreet


As noted, the rate of increase, on average, was about 7%, which is the lowest rate of increase during a month in the average history of Bitcoin, and there were no worse months than it except in September and August.
The second trimester is usually marked by timid changes.
During the last 3 years, the month ended with a negative closing, either with a large or slight negative change, which confirms that the negative May closing is a confirmation of the negative June closing.

[wxa7115]

I found some articles that speak more accurately, the language of numbers may give us a negative perception of what will be on the price during June.

Over the last 14 years, the highest average return for Bitcoin price is roughly 38% in November. Following this is 36% in April and 26% in October. Likewise, quarters one and four display the best returns for Bitcoin price. A simple conclusion from this would be that the first and third quarters are typically the best time to invest in cryptocurrencies.

As noted, the rate of increase, on average, was about 7%, which is the lowest rate of increase during a month in the average history of Bitcoin, and there were no worse months than it except in September and August.
The second trimester is usually marked by timid changes.
During the last 3 years, the month ended with a negative closing, either with a large or slight negative change, which confirms that the negative May closing is a confirmation of the negative June closing.

Very interesting charts, historically June has been a bad month for bitcoin, still I do not think we should be afraid in the case the price of bitcoin went downwards during the next weeks, as I have been waiting for the price of bitcoin to go a little bit lower before buying more of it.

And according to those charts I may get several opportunities to do so as the third quarter is the one which historically presents the lowest growth.

[Marvell1]

As always, the market is divided into two camps, many will expect bitcoin to continue its recovery and conquer other highs in June. Meanwhile, the opposition continues to expect bitcoin to fall further, and I am on the opposite side. I like bitcoin will drop more and better if it can drop to 22k is a very good price for us to accumulate more bitcoins.
Not only this June, and I am not a pessimist either, but I think this year is still a good year to accumulate bitcoin rather than expecting we will have a bull run, although the market will still have small rallies.

[Wong Gendheng]

May it ended and closed at $ 27K, and it was 2 days in June but there was no good movement, if until June 10 the price could not reach $ 30k then the possibility of the price of June would be like April and May, even many who are worried if the price will drop below $ 25k.

[Wexnident]

Ehh, I don't really think we'd be getting anything big for the next 1-2 months. At most, we'd probably go to $30k then just go the usual steady stuff that we have right now, maybe dipping back to 28, 29k every now and then. At least just based on any significant news that I know of, there's nothing that particularly concerns the crypto market, or nothing that would affect it on a big scale. Might be more active in maybe in the latter end of the year? Hopefully not in a negative way.

[doomloop]

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.

The month is only about to start and the price already started declining. If we have a look at the history of Bitcoin, June hasn't really been a very good month for Bitcoin in general as the price tends to either decline or stay sideways for the month, and the signal from the price as it already started dropping tells us that we might be up for another red month.

Some people started expecting that the price might go up from here when they saw it touching $28k after a while, but now when it is back at the tail-end of $27k, I feel we are going to pay a visit to $25k pretty soon.

[michellee]

May it ended and closed at $ 27K, and it was 2 days in June but there was no good movement, if until June 10 the price could not reach $ 30k then the possibility of the price of June would be like April and May, even many who are worried if the price will drop below $ 25k.

The month of June has just started and it has a long way to go so we can predict many prices for Bitcoin. But whatever it is, we still have to prepare ourselves because no one knows whether this month the price of Bitcoin will remain at the current price or will fall again as we saw yesterday in May, the price fluctuates more frequently.

And if the price drops back to $25k, it is in a good position to do a DCA again, although it is still a good buy now. But if we can buy at a low price, it's an opportunity we should use well.

I'm not worried if the price goes down; on the contrary, I still get a chance to buy more. We never know how high the price of Bitcoin will increase. I also can't predict what will happen throughout June and it's better for us just to enjoy it.

[Republikcoin.com]

May it ended and closed at $ 27K, and it was 2 days in June but there was no good movement, if until June 10 the price could not reach $ 30k then the possibility of the price of June would be like April and May, even many who are worried if the price will drop below $ 25k.

I've never been worried at all for the Bitcoin price that it might still drop below $25K, because in general no one can guess or know for sure how the price will move this month even though it still looks difficult to increase to $30K and I I think the price speculation that you said looks too pressing on an increase that basically you yourself are worried about the price of Bitcoin itself, even though Bitcoin is a cryptocurrency that can gradually recover in the market under certain conditions.

[Merit.s]

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.

I am not expecting anything much than the price that bitcoin is presently,let me say if there will be a pump in price then it will be within the range of 28k-30k which we saw last two months. It is only when if there will be a significant event this just that we might see a price higher than 30k. This is the time for us to keep on accumulating to our investment portfolio and DCA because sooner or later we might not have such price as low as this. We have not up to a year to bitcoin halving which the price of bitcoin might be triggered higher after this event. A dip in the price below 26k will be a better opportunity for investors to buy and hodli

[Ojima-ojo]

Ehh, I don't really think we'd be getting anything big for the next 1-2 months. At most, we'd probably go to $30k then just go the usual steady stuff that we have right now, maybe dipping back to 28, 29k every now and then. At least just based on any significant news that I know of, there's nothing that particularly concerns the crypto market or nothing that would affect it on a big scale. Might be more active in maybe in the latter end of the year? Hopefully not in a negative way.

I believe so much in these predictions as there has been a long time downtrend market and if we should speculate such price within that period because two months of price speculation will really rely around such a price of 29k-30k and that will be the price hence mark for the next two months. After all, we can't expect any significant price movement that can pull over up to 35k or even 40k, but really we need to have a deep chart reading to be able to make an accurate Bitcoin price prediction.

[stomachgrowls]

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.

The month is only about to start and the price already started declining. If we have a look at the history of Bitcoin, June hasn't really been a very good month for Bitcoin in general as the price tends to either decline or stay sideways for the month, and the signal from the price as it already started dropping tells us that we might be up for another red month.

Some people started expecting that the price might go up from here when they saw it touching $28k after a while, but now when it is back at the tail-end of $27k, I feel we are going to pay a visit to $25k pretty soon.

On every new month which is approaching then we are really that normally be having those kind of approach for the price whether it would really be a good month or not. We know that this isnt something that we could

really be able to predict because each month does really have that random sentiment but somewhat we could really be able to see on whats those past or history price movement on previous years. I have forgotten
that there's some sort of infographic about that and i do totally forgot whether June is indeed mostly on greens or red in overall but we know that past isnt really that somethin sure that would happen in the future also.
This is why if you are a trader or investor then you should really always be having that kind of behavior on going with the flow on whatever price or numbers we would be able to face up along the way.
We do have our own impressions and thinking on how we should really deal with it and this is why its important about on applying on whatever knowledge and experience you have.

[Ojima-ojo]

really be able to predict because each month does really have that random sentiment but somewhat we could really be able to see on whats those past or history price movement on previous years. I have forgotten
that there's some sort of infographic about that and i do totally forgot whether June is indeed mostly on greens or red in overall but we know that past isnt really that somethin sure that would happen in the future also.
This is why if you are a trader or investor then you should really always be having that kind of behavior on going with the flow on whatever price or numbers we would be able to face up along the way.

Past history of the price movement can provide us with some clue of where to base our Bitcoin predictions in, but then there are some circumstances that haooens some time that could affect Bitcoin from following previous pattern and this could effect the reality of the accuracyof the speculator.

We do have our own impressions and thinking on how we should really deal with it and this is why its important about on applying on whatever knowledge and experience you have.

I agree with you to a large extent that BTC price is unpredictable and as that every month come with its own price prediction and that is what most investors look out for at each start of the month trying to predict the price of bitcoin at regular intervals even though we are sure that it will likely not result into any accurate price predictions but we keep making constant predictions to help prepare us for the time ahead and in making the right market decisions.

[STT]

We got rejected at the 50 day average recently and thats the area of a monthly average also, its not that it has to be resistance as they are not fixed points but it does seem to point towards BTC being under the ice with a fight ahead of it still to regain positive momentum.    Near term it looks much more positive but this is just an  in-week view, we are above the 7 day average which is positive but the free space to move before 28k and a repeat encounter is also low.

[Weawant]

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.

No the price of Bitcoin can't be trading at $50,000 by the end of june, we're not in a bullish market yet. That price can only be achieved when the market is bullish and china allowing their citizens to trade cryptocurency isn't enough reason for the market to be bullish.

The closer the halving date reach is one of the conditions that can make the market very bullish because everyone will be investing in their favorite cryptocurency and Bitcoin as well and this will increase the price of bitcoin because the demand for it in the market is high.

My predictions for June is the price reaching $40,000 and that's the highest it can go and for a more believable price target, Bitcoin trading at $35,000. Bitcoin would easily cross $30,000 again this month and that's because last month was for correction and this month would go opposite.

[Joshapat]

My hope in May turns out to fail, I am optimistic that if in May I will repeat March or at least it can reach $ 35k, unfortunately the market continues to decline and until now it has not been able to reach $ 30k, maybe this is the right time to buy again and my prediction in June the price can touch $ 30k again.

[Zilon]

For June the range will continue till half of the month before it will make a break out either towards the bear or bull depending on the formation of the market after the month half might have ended. But I still have high hopes of a bullish breakout chasing back towards $30k, last year June price declined by 38% this year since the year started bullishly it will see a positive trend

[Nrcewker]

There are serious resistance that is pulling the price of the coin to be honest. We all admit that, we have expected big from the Bitcoins, but it has failed miserably. Yes at start it gave us some faith, but then it just struggling in this 27k usd price segment. Now we are in the midway of the year. If we don’t see any boost up in the price now, then definitely we have to kill our expectations from Bitcoins this year. Nevertheless I am hoping Bitcoins to cross 35k usd at least by the end of June. Let’s hope for the best.

[sana54210]

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.

Even though it looks like there bad months and good months, we could say that it is going to be based on what's coming next basically. Will we be bullish on July? August? Will we be bearish? We still do not know how the future will look so it is going to be a little tough to predict this month. I am guessing that people will end up with something a bit different and this is why we should be careful with what we will have this month.

As long as people are not entirely certain what's going to happen, we are going to face trouble and we should not be considering this month that good just yet. I hope that it gets to a point where it will be a bit more decent in the end, so that is why I want to see this month bullish, like 30k+ at least so that I can have more hopes for the future.

[lixer]

We got rejected at the 50 day average recently and thats the area of a monthly average also, its not that it has to be resistance as they are not fixed points but it does seem to point towards BTC being under the ice with a fight ahead of it still to regain positive momentum.    Near term it looks much more positive but this is just an  in-week view, we are above the 7 day average which is positive but the free space to move before 28k and a repeat encounter is also low.

For some reason, I feel like June is going to be a negative month just like May but it will go even lower compared to the -6% of May, the reason is simple, it doesn't have a strong support level and $28k seems to be a pretty strong resistance to cross at the moment, it isn't being able to go above it and even if it does, it doesn't manage to hold there for long and comes down quickly again.

From what it looks like, we will probably see the price going below $27k soon and once that happens, there will be more selling from those who have already started panicking seeing the price being so stable and more favorable for a drop.