Speculative posts for June

[Charles-Tim]

On the monthly chart, Bitcoin has retested the demand zone around $60k+ which was previously the demand zone that price bounced off in the previous month, if price can bounce off that zone again, then we could be in green this month but if price fail to hold around this $60k, I fear that we might see Bitcoin getting to $50k just within a week or two from now. I'm hoping that there would be a reversal but yet, there's no sign of reversal yet, all hands points down to a lower low.

Yes, I noticed that also, but bitcoin has not gotten to $60000, but it fell to $62370. It has increased to $64500, but it is at $63770 right now. People should expect support around that price and it happened.

I do not think the candle can be green this month again because this month has shown what will happen already and which is a bear market. Going above $70000 this month might be hard to achieve.

[dezoel]

One thing is for sure, we are going to definitely reach a new low for the year during the summer. I just do not know if it is going to be right away at June, or if it will take some more time, but I am sure that it is going to happen during the summer.

Because nearly every summer that happens, so I am sure that it will happen again. The best thing to do right now would be that it is going to end up with some issues for the long term for them. I think it is clear that we are not going to see it.

[kawetsriyanto]

What will happen in June? Will the bears dominate further?

I think we will have red market in June. The decline may stop in the next few days, but the price may not easily recover soon. It is quite possible that Bitcoin keeps below $70k until the end of this month.

June started with a bitcoin price of $73,680. I may be wrong, but how May ended makes June look somehow, I hope this month will not end in red, but that is what I am thinking will happen.

Everyone always wants green market but we must remember this is bearish season. During this season, it is normal that red market will be more dominant than green market. This month looks not so different from the previous month. So, it is likely that we will have red market again. Even, this month can be worse than February if there is no good news soon.

There is no clear direction right now. I expect things to keep going sideways for several more weeks before ending the month slightly higher or slightly lower, like we did this past month. The trend could even continue into the following months.

What is quite clear that we are in bearish season.  
Regarding the possibility of the Bitcoin price, it usually will increase gradually after a series of dumps. If we have big dump in the first week, we may have a pump in week 3 or 4. But this is just my speculation, it can be wrong.

The war against Iran has been declared over several times by Trump, but it just keeps dragging on. That has brought along higher inflation which diminishes people’s ability to invest in assets like Bitcoin.

I'm sure this is no longer the main factor of the lower demand in the market or the decline in Bitcoin price. People seem no longer really care with the war drama made by US or Israel.

[DanWalker]

One thing is for sure, we are going to definitely reach a new low for the year during the summer. I just do not know if it is going to be right away at June, or if it will take some more time, but I am sure that it is going to happen during the summer.

Because nearly every summer that happens, so I am sure that it will happen again. The best thing to do right now would be that it is going to end up with some issues for the long term for them. I think it is clear that we are not going to see it.

I also think that the $60k is not the final bottom and that we may see deeper correction during the remainder of the year. However, predictions are just predictions, and I could still be wrong. So I dont think confidently declaring that the market will follow a particular scenario is a smart move. 

In a volatile market like Bitcoin. We should keep an open mind and be prepared for multiple outcomes instead of betting everything on a single prediction.

[BALIK]

Bitcoin had already fallen to $60k in early February, and at that time, the war had not yet begun. After that, bitcoin also climbed from $63k to $83k during the two month when the conflict was at its most intense. So is it really fair to blame the current decline on the war?

We should not forget that the bear market is not over yet. So in my view, what we are seeing now is just normal movement in a bear market. War or no war, bitcoin's decline is inevitable.

I do not know the reason people are just like this, you are very correct that bitcoin fell to $60000 during the war, but it later increased over $80000 but they will always be connecting the war with the price of bitcoin that is going down which is more than absolutely wrong. Any negative things that is happening will be linked to bitcoin which is very wrong. We are just in the bear market, that is what is happening. Also there are many negative news like Strategy selling 32 BTC and increase ETF outflow which are making the price of bitcoin to fall.

There is no denying that war and geopolitical instability can affect Bitcoin, and we have seen that happen many times in the past. However, this time appear to be different. Instead of plummeting, Bitcoin held up quite well throughout this conflict, and even rose significantly at times. So its not really accurate to blame the war for Bitcoin's current decline.

Besides the fact that the market is still in a bearish phase. I think another reasonable explanation is that capital is flowing out of the market through ETF.
Bitcoin ETF have recorded net outflows of approximately $4.4 billion over the past month, thats a massive number

https://thedefiant.io/news/markets/spot-bitcoin-etf-outflow-streak-record-13-days

[liasbaa]

May started with green, but it later showed us a sign of going bearish which it later did. What will happen in June? Will the bears dominate further?

June started with a bitcoin price of $73,680. I may be wrong, but how May ended makes June look somehow, I hope this month will not end in red, but that is what I am thinking will happen. This is just for fun, not an advise for swing and any other type of trader.

The bears have strengthened. The decline is still ongoing. I was expecting Bitcoin to rally in the middle of the year. But I can't find any significant reason for this sudden decline.

The current decline is so intense that it is likely to fall below $60k. I don't know how long the bears will last.

[JeffBrad12]

There is no denying that war and geopolitical instability can affect Bitcoin, and we have seen that happen many times in the past. However, this time appear to be different. Instead of plummeting, Bitcoin held up quite well throughout this conflict, and even rose significantly at times. So its not really accurate to blame the war for Bitcoin's current decline.

Besides the fact that the market is still in a bearish phase. I think another reasonable explanation is that capital is flowing out of the market through ETF.
Bitcoin ETF have recorded net outflows of approximately $4.4 billion over the past month, thats a massive number

These $4.4 billion, is going to head to SpaceX IPO. It's the hottest thing right now. Even crypto exchange both centralized and decentralized are issuing SpaceX pre IPO to trade.
Probably going to be biggest IPO in history of mankind, that's why.

[Pi-network314159]

May started with green, but it later showed us a sign of going bearish which it later did. What will happen in June? Will the bears dominate further?

June started with a bitcoin price of $73,680. I may be wrong, but how May ended makes June look somehow, I hope this month will not end in red, but that is what I am thinking will happen. This is just for fun, not an advise for swing and any other type of trader.

I am surprised to see Bitcoin going this bearish after some weeks of bullish, but nevertheless I am not surprised anymore to see Bitcoin in this current State because we are in bear season and anything can happen. I don't know what the price of bitcoin will be in the end of June, but I hope it end in bullish. The only thing that matters now is the amount of bitcoin that people should accumulate, because it's another opportunity to accumulate more before we go bullish.

[free-bit.co.in]

The bears have strengthened. The decline is still ongoing. I was expecting Bitcoin to rally in the middle of the year. But I can't find any significant reason for this sudden decline.

The current decline is so intense that it is likely to fall below $60k. I don't know how long the bears will last.

Firstly, expecting Bitcoin to rally by midyear is unrealistic and overly optimistic. Because we are in a bear market, not a bull market.

Secondly, as another member pointed out, the sharp decline was due to money flowing out of the market and shifting into other sector. If you follow the news, you will know that AI and IPO like SpaceX, OpenAI, and Anthropic are coming up, and these are the names attracting a huge amount of capital from the global financial market. So do not be surprised and set expectation for Bitcoin right now. Money may not return to the market anytime soon.

[Oshosondy]

I am surprised to see Bitcoin going this bearish after some weeks of bullish, but nevertheless I am not surprised anymore to see Bitcoin in this current State because we are in bear season and anything can happen. I don't know what the price of bitcoin will be in the end of June, but I hope it end in bullish.

I am not surprised and I am have always been posting that the bear market is still very much active, that we are still in the bear market. As the price was increasing last month, I still continued to say this, but just that many people will not believe because they only like to believe in the direction a trend is going.

This June, the market can not be bullish, there might be a little retracement, but the month candle will be red.

The only thing that matters now is the amount of bitcoin that people should accumulate, because it's another opportunity to accumulate more before we go bullish.

Yes, you are very right, this is a very good time to buy more bitcoin.

[summonerrk]

snip

Analysts at Standard chatered consider that the bottom has already been reached. That's exactly what Jeffrey Kendrick, head of the bank's global digital asset research department, said. He argues that the structurally sound assets of spot exchange-traded funds and the expected large buyback Strategy strongly prove that the worst of the current sell-off is over.
And in addition to this positive opinion, there are observations that now the price movement has formed a "head and shoulders" figure, forming its working out of the price to the bottom completely.

[dwyane36]

I am surprised to see Bitcoin going this bearish after some weeks of bullish, but nevertheless I am not surprised anymore to see Bitcoin in this current State because we are in bear season and anything can happen. I don't know what the price of bitcoin will be in the end of June, but I hope it end in bullish. The only thing that matters now is the amount of bitcoin that people should accumulate, because it's another opportunity to accumulate more before we go bullish.

Although the current bear market is unfolding very rapidly, I honestly doubt that the market will reverse and turn bullish as early as the end of June. Most likely, this will drag on for a longer period, and it will probably take BTC a few more months before it finally hits bottom ahead of a bullish trend.

[colinistheman]

I am surprised to see Bitcoin going this bearish after some weeks of bullish, but nevertheless I am not surprised anymore to see Bitcoin in this current State because we are in bear season and anything can happen. I don't know what the price of bitcoin will be in the end of June, but I hope it end in bullish.

I am not surprised and I am have always been posting that the bear market is still very much active, that we are still in the bear market. As the price was increasing last month, I still continued to say this, but just that many people will not believe because they only like to believe in the direction a trend is going.

This June, the market can not be bullish, there might be a little retracement, but the month candle will be red.

Regardless of how June closes, whether with green or red candle. The bear market will continue, and the possibility of Bitcoin making a new low is still there. We should not rule that out.

The only thing that matters now is the amount of bitcoin that people should accumulate, because it's another opportunity to accumulate more before we go bullish.

If you realize that the most important thing right now is to accumulate. I think you should not expect prices to rise by the end of this month. Because if Bitcoin rises, you will buy less with the same money.

[Karl_3000]

Regardless of how June closes, whether with green or red candle. The bear market will continue, and the possibility of Bitcoin making a new low is still there. We should not rule that out.

Yes new low is very possible but the bears have been unable to get bitcoin to $60000 which was the lowest price of bitcoin in this year in February. The price still stay above $61000 but it is very possible that new low can be achieved which is very good opportunity to buy more bitcoin.

If you realize that the most important thing right now is to accumulate. I think you should not expect prices to rise by the end of this month. Because if Bitcoin rises, you will buy less with the same money.

This is just it, bitcoin may not rise for a long time for now just like the old pattern that give people opportunity to have more time to buy more bitcoin as they earn more money.

[Swordsoffreedom]

I am surprised to see Bitcoin going this bearish after some weeks of bullish, but nevertheless I am not surprised anymore to see Bitcoin in this current State because we are in bear season and anything can happen. I don't know what the price of bitcoin will be in the end of June, but I hope it end in bullish. The only thing that matters now is the amount of bitcoin that people should accumulate, because it's another opportunity to accumulate more before we go bullish.

Although the current bear market is unfolding very rapidly, I honestly doubt that the market will reverse and turn bullish as early as the end of June. Most likely, this will drag on for a longer period, and it will probably take BTC a few more months before it finally hits bottom ahead of a bullish trend.

That's right, a recovery is not coming anytime soon.

Based on the current situation, history seems to be repeating itself. This also means that Bitcoin could fall even further before reversing, and bottom may not be in yet
Looking at the current situation, this clear is not the time to expect Bitcoin to recover. This is a time to be patient and prepare for a longer accumulation phase.

[el kaka22]

Drops are quite common on bear years, what did anyone thought it would happen? I mean you know the four year cycle, you have seen it happen, it happened 4 times that I can count right now, it is literally every single 4 years, and this happens every single time. First I remember was either 2015 or it was 2016, somewhere along those lines, it crashed.

I remember it reaching 1500 dollars or so, and then crashing under 200 dollars. Then in 2018 it happened again, reached as high has 19.8k dollars or so, dropped as low as under 4k dollars. Then 2021 and 2022 period happened, reached 68k or so levels, went as low as under 20k, reached like 15 or 16k if I am not mistaken. And now the same is happening, reached 125k last year, dropping this year. It's literally something that happens every single time.

[Churchillvv]

Drops are quite common on bear years, what did anyone thought it would happen? I mean you know the four year cycle, you have seen it happen, it happened 4 times that I can count right now, it is literally every single 4 years, and this happens every single time. First I remember was either 2015 or it was 2016, somewhere along those lines, it crashed.

Personally I believe we know that we are in bear market but not every moves are expected, like we know we not booming any time soon but we also do not know that today will be so red because nobody knows the next day, their could have been speculations that we will face a reddish moment within the time frame but today it wasn’t expected especially by me, I wasn’t expecting it but it’s quite a good one, on my end, I know for sure how sweet the market can become in few months so I’m glad we are here, maybe the bottom has been seen now.

[CryptoYar]

[...]

Even with overall sense of market in true blood bath, it is always rude shock come morning to look at sea of red all up and down your charts. I think most effective way to deal with these sudden market moves is to take complete look and look over much longer period of time/horizon, other than just daily candles. I guess it is emotional control not to panic, in these sudden forceful sales, that separates long term holders from the others. If you are already planning stages of sweet, healthy recovery in few months, you are already in right mindset for the recovery. Experiencing sudden drop is usually huge chance to add on asset location at massive discount, before trend eventually turns around.

[Popkon6]

Drops are quite common on bear years, what did anyone thought it would happen? I mean you know the four year cycle, you have seen it happen, it happened 4 times that I can count right now, it is literally every single 4 years, and this happens every single time. First I remember was either 2015 or it was 2016, somewhere along those lines, it crashed.

Personally I believe we know that we are in bear market but not every moves are expected, like we know we not booming any time soon but we also do not know that today will be so red because nobody knows the next day, their could have been speculations that we will face a reddish moment within the time frame but today it wasn’t expected especially by me, I wasn’t expecting it but it’s quite a good one, on my end, I know for sure how sweet the market can become in few months so I’m glad we are here, maybe the bottom has been seen now.

Yes, no one was prepared for this situation, but we can't deny that we are out of the bear market. One of the reasons why Bitcoin prices rose last month was because there was less selling pressure on Bitcoin and the price of Bitcoin was at a slightly higher level due to the suspension of the war. But at the present time, the selling pressure is much higher, so the price of Bitcoin is correcting, but you should never panic at the moment of this correction.
Only those who are weak hands are giving up Bitcoin holdings, but now is a good time to restructure Bitcoin holdings and any investor should plan to hold Bitcoin now. So the more Bitcoin you hold, the more opportunities there will be to profit later, when the price of Bitcoin is low, you should definitely focus on buying Bitcoin.

[_act_]

Yes, no one was prepared for this situation, but we can't deny that we are out of the bear market. One of the reasons why Bitcoin prices rose last month was because there was less selling pressure on Bitcoin and the price of Bitcoin was at a slightly higher level due to the suspension of the war.

The reason I think bitcoin rose last month is that in every bear market, the price of bitcoin can not just continue to fall, there will be some times that the price of the coins will also rise during bear market, but not getting to all time high before going back again. I also use this to answer that some people can be expecting this because they speculation that we are still in the bear market.