What are your bitcoin May/June price analysis?

[_BlackStar]

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.

Even though I don't think your opinion is completely wrong, but I hope the opposite. June sentiment is expected to be able to see bitcoin price break the $28k resistance and turn it into a strong support before breaking the $30k resistance. I don't think May's correction will last much longer impacting it until the end of June - but let's see what happens.

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.

It's possible - but probably not anytime soon. $27k is expected to be good support over the next few days after bitcoin showed small jump in the last 24 hours. I agree $27k is weak support level, but it should at least hold the first week of June.

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[goaldigger]

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.

The price might stay on this level for a while until we start the second half of the year,
The price is very attractive, and if you have extra better to buy now the good coins. The bull market will come back later this year, and I'm very bullish with this because halving is very near and that is where the hype begins again. Stay patience and hold more, the market will grow more so wait for it.

[JoyMarsha]

I don't want to expect much in the price of bitcoin this month of June. I will only go with the flow that whatever price bitcoin decides to go with this month, it's okay by me. If it chooses to be bearish fine, if chooses to be bullish because China is now allowed to be trading on Bitcoin from the start of this month, that sounds good.

What I am to avoid this time is to put a particular price in mind that bitcoin would get to, this June. Previous months that I tried to predict what the price of bitcoin would be for March and May, didn't come to fulfillment because no one can't predict the price of bitcoin at any given period

My expectations for the Bitcoin price to skyrocket in price are from next year. From June to the end of the third quarter of the year, I don't expect a favorable market condition for the bitcoin price based on its past price histories.

Source fxstreet

[yhiaali3]

I see there are some important positive things that happened at the end of May, such as the decision of the US debt ceiling, the entry of new liquidity into the market due to allowing cryptocurrency trading in China (Hong Kong), as well as the monthly closing of Bitcoin above 25,000$.

All these positive factors, in my opinion, give optimism that we will witness an upward movement in June and the third quarter of the year in general. Of course, we are expected to witness slight corrections during that, but the trend will be bullish in general, as I expect.

[rhodelmabanal]

I Think bitcoin will touch down 35k$ at the end of june this was my prediction and i believe that at the end of the year bitcoin will go up above the previous ATH on year 2021 this is just a prediction but the possibility is very big since we already experience 30k$ price the bull run will surely start very soon.

[Edwardard]

Im surprised too see why we are below 30k while spx is pumping up so hard already. Maybe bitcoin is just waiting for a perfect timing to go up like 3-4k$ pump in a single day.
Nevertheless, Im optimistic for the whole rest of the year from here on (considering the weekly 200/50 ma action).

[GreatArkansas]

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

For me, I am bearish short term here especially this month of June, as you can see that last month, when we touched $30,000 and dump below on it, after that Bitcoin tried to go back to $30,000 but it so difficult, we just do sideways $26,000 - $27,000.

For me, I'm not expecting $30,000 this June, I'm bearish just this month, I'm hoping to see $25,000. And my buying zone is below that price.

[Dollar_Hunter]

in June I think Bitcoin has the potential to reach $ 30k to $ 35k because the bitcoin support price at $ 25k is not broken,
especially a while ago on Twitter I also saw a tweet from someone who said that Q3 Bitcoin will reach $ 50k,
and yes from that I believe and make my own analysis and the result is $ 35k in June hopefully achieved.

[Bitstar_coin]

Hopefully there won't be so many bad news to drag the price down constantly because that is the only thing from my observation that mostly determine the price movement. Lets hope no Fed News On CZ and binance this June 
Perhaps the big whales have already had their fill with the past low price hence their won't be any price manipulations so that the market can begin to show some signs of up trend.

[_BlackStar]

Hopefully there won't be so many bad news to drag the price down constantly because that is the only thing from my observation that mostly determine the price movement. Lets hope no Fed News On CZ and binance this June 
Perhaps the big whales have already had their fill with the past low price hence their won't be any price manipulations so that the market can begin to show some signs of up trend.

While you can expect influencers and whales to move the market, don't rely too much on them. Do your own analysis of your investment plan - it's much better to do it now. After all, you should also be prepared for the potential down price that may continue throughout June and you should manage your own risk instead of expecting someone else to do something for you. I'm tend to think minor correction could extend into June, but maybe not to test the $25k or $24k support.

[jaberwock]

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.

China officially removes its ban on cryptocurrencies tomorrow. I think this is bullish news. After China banned cryptocurrencies, the market started falling. I think that when they remove the ban, the market may start to rise again. China, like the US, has a lot of capital that can get into the market. I expect June to be a start for the bulls. There was a correction in May, now it's time to rise again.

Oh really? This is great. Indeed this a bullish news but the effects are also going to be bullish in the market. China is a big country and said to have lots of crypto users so whatever the activity they are doing, it also has an adequate effect on the crypto market. Obviously, a ban could crash the price but we shall not worry because there are still other countries left who continue their warm support in crypto and then there will be new additions in the list. This why we can always recover after some time.

May might be a correction month for the cryptos but it's not a big deal since it's only 1 month but the bullish period that we will attain is going to be a long one this time.

[STT]

Very simple phrase is fair for BTC as well which is go away in May come back past Labor day.   Look at the chart above for collated monthly gains and you can see the numerical justification for that centuries old saying now.   For whatever reason free markets for generations have not especially favored resolution or large movement over summer.   To a lesser extent volume tends to be light into year end also which can cause ironic effects.   In 2008 summer I can remember we had logged a 20% fall but without absolute knowledge of the wider problem, the market actually rose strongly into Autumn and we know how bad the autumn storms were that year.
   BTC can move giant amounts but comparatively this year I'll watch but not expect too much till at least Oct area of trading.

[Sebas.tian]

I Think bitcoin will touch down 35k$ at the end of june this was my prediction and i believe that at the end of the year bitcoin will go up above the previous ATH on year 2021 this is just a prediction but the possibility is very big since we already experience 30k$ price the bull run will surely start very soon.

I agree with you mate, based on what investors are experiencing from the market this year 2023 showed that the price of Bitcoin will increase higher to a level were short and long term investors will begin to supply their Bitcoin to the market to make massive income. Since the price of Bitcoin reached $30,000 before it dump to $26,000 few hours ago made investors to have confidence on their prediction, that this year will not be like last year 2022 because there is a hope that the price of Bitcoin will hit back $40,000 before the end of this year. I believe investors can still make it in this season, if they can continue hodling till the bullish season appear in the market before they can sell and smile.

[TheGreatPython]

Hopefully there won't be so many bad news to drag the price down constantly because that is the only thing from my observation that mostly determine the price movement. Lets hope no Fed News On CZ and binance this June 
Perhaps the big whales have already had their fill with the past low price hence their won't be any price manipulations so that the market can begin to show some signs of up trend.

Whales never rest, even if they have bought in the previous dip, they will still have their fair share in manipulating the market and buying some more, after all, who doesn't like discounts? Since they always have huge capital and are never out of money, they keep buying as soon as the price is down and they bring it down themselves when they feel like buying more.

About bad news, there are always chances for some news around the cryptocurrency market, we can only hope and pray that none of the news is negative for the short term so that the market starts to gain some momentum and start preparing for the long-anticipated bull run.

[Inspiron14]

At the beginning of June, the Bitcoin price really looks very bearish,
even though before this I was really optimistic that Bitcoin could be above $ 30k before July and could increase again after that,
but I don't know, hopefully this dump is just a correction for Bitcoin.

[uswa56]

At the beginning of June, the Bitcoin price really looks very bearish,
even though before this I was really optimistic that Bitcoin could be above $ 30k before July and could increase again after that,
but I don't know, hopefully this dump is just a correction for Bitcoin.

throughout May and June the price of Bitcoin continued to be corrected and it happened slowly.
to reach a price of 30k or even higher is very possible but all that takes time.
if you have known Bitcoin for a long time you should be happy with the current Bearish because it is the right time to buy and has a very high probability of increasing in the future.
for this June, I think the price of Bitcoin will tend to be stable, either increasing or decreasing, it won't happen significantly.

[_BlackStar]

At the beginning of June, the Bitcoin price really looks very bearish,
even though before this I was really optimistic that Bitcoin could be above $ 30k before July and could increase again after that,
but I don't know, hopefully this dump is just a correction for Bitcoin.

Calm yourself and keep yourself from panicking. The most likely thing after a quick dump is for the market to recover. Now see how the market is moving to recover after yesterday the bitcoin price was dumped in a ridiculous panic - so keep calm and be optimistic about the future.

Even in June $30k may not be reached - but rest assured $30k will be reached in the next month or maybe the next. Trust me - the halving that will occur in 2024 will greatly support your current investment plans especially if you are expecting returns in the long term.

[uneng]

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.

China officially removes its ban on cryptocurrencies tomorrow. I think this is bullish news. After China banned cryptocurrencies, the market started falling. I think that when they remove the ban, the market may start to rise again. China, like the US, has a lot of capital that can get into the market. I expect June to be a start for the bulls. There was a correction in May, now it's time to rise again.

Oh really? This is great. Indeed this a bullish news but the effects are also going to be bullish in the market. China is a big country and said to have lots of crypto users so whatever the activity they are doing, it also has an adequate effect on the crypto market. Obviously, a ban could crash the price but we shall not worry because there are still other countries left who continue their warm support in crypto and then there will be new additions in the list. This why we can always recover after some time.

May might be a correction month for the cryptos but it's not a big deal since it's only 1 month but the bullish period that we will attain is going to be a long one this time.

I'm trying to find such news on the internet, but I can't find anything related to Chinese government removing the ban on Bitcoin. The currently news are very negative for Bitcoin, especially after Binance was sued by SEC recently. It really seems the bearish market will remain for some time yet. June comes with a bitter taste for Bitcoin's investors, although it's always an opportunity to buy more coins for a cheap price.

I believe what regulators can do to impact BTC's price negatively they will do, and the only chance for Bitcoin is to find a way to keep rising on this scenario, absorbing those negative impacts somehow.

[Mate2237]

As it is bitcoin price is going down and if the price is continuingly going down till the last week of June then the downturn price will enter into July. In the month of May the price was coming down to 27k$  and sometimes it climb to 28k$ but it was basically on 26k$ and 27k$ but now it has come down to 25k$ and it still coming down. So the way I look this month the price will not appreciated and it will still depreciate.

[rby]

June usually more positive and green comparing to may. 

Not actually, from the infographic provided above you can see that in the year 2013 and 2017, bitcoin did a major breakthrough in the month of May and not June.
Considering the sidekick movement of bitcoin in the month of May, it is expected that bitcoin will do better in June but not to break the $30k resistance. Even if ut does, it will not glory for long before it will fall blow again.
I would love to see your infographic capture the first 5 months of bitcoin this year, it think it will give a better insight.