Bitcoin price speculation for the month of May

[jcojci]

I am positive Bitcoin price will increase more the price now. But although I feel like that, there is a chance for the price to go back below $90k. The price now still at $103k-104k but the red candle come to the market and make the price is up and down.

So hopefully, the price will not still down below and just stay at that price for a while. But just in case, we need to stay aware with the market and prepare some money to buy back if the price is down.

We can expect the situation change and push the price to increase and back to the last ATH. With the support now, I guess Bitcoin will still increase this month.

[bbc.reporter]

Many gamblers are shorting $BTC with high leverage!

0x51d9 opened a $93M short position on $BTC with 40x leverage, with a liquidation price of $105,690.

0x5D2F opened a $44M short position on $BTC with 40x leverage, with a liquidation price of $112,660.

Source https://x.com/lookonchain/status/1921734470262202661?s=12

Crazy bet, must've been such an adrenaline when price reached 105k few moments ago.
But looking at the market, the current price action still looks pretty solid. It may turn out a mistake in the future.

It appears that the market has shown everyone that those traders were correct in their decision to short selling the market. This is headshaking because this dump came after the news that the Donald and the Xi and the Jin of the Ping already has an agreement to lower their tariffs against each other for 90 days. This has pumped the stock market in America, however, bitcoin has continued to dump. This might be what the bitcoin maximalists were describing on the decoupling? I would very much like this to pump with the stock market, I reckon heheheheh.

[@nn@_pen9]

I am positive Bitcoin price will increase more the price now. But although I feel like that, there is a chance for the price to go back below $90k. The price now still at $103k-104k but the red candle come to the market and make the price is up and down.

So hopefully, the price will not still down below and just stay at that price for a while. But just in case, we need to stay aware with the market and prepare some money to buy back if the price is down.

We can expect the situation change and push the price to increase and back to the last ATH. With the support now, I guess Bitcoin will still increase this month.

Yes, of course we all expect that the price will increase from year to year and in the long term. If we are still in the accumulation stage, it is indeed true that buying assets when the price decline occurs is much better than when the price is increasing, we will get the cheapest price when opening a position at that time.


(https://cryptorank.io/price/bitcoin)

It seems that in May this year compared to previous years, it shows a significant increase in prices and the next few months. Preparing funds is indeed very important and we must prepare carefully for gradual purchases every month on a Dca basis.