Speculative posts for June

[MarjorieZimmermanGinger]

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.

Market movements are always uncertain and we must be wise in predicting the direction of movement. If someone involved in swing trading makes the wrong decision, their trading will end in losses in conditions like the current one. That's why in current market conditions, swing trading is not a good option for those who don't fully understand analysis, as Bitcoin's trajectory can change so quickly. While some of us hope for more opportunities to see Bitcoin move better in the future, it's difficult to predict its price in current conditions. Therefore, having fun should also be marked by more profitable conditions than experiencing losses at a time like this.

[kawetsriyanto]

It may or may not happen. There are no rules or guarantees that after a sharp drop, Bitcoin must rebound.

After a sharp drop, usually BTC experiences sideways or raises gradually. Even there is no guarantee about this, this mostly happens so far. At least, we can see this during this year.

Given the geopolitical situation and the global financial market context, capital is currently flowing into AI. The opposite is also possible, Bitcoin could continue to decline further instead of recovering. So always prepare for both scenarios rather than betting on a single outcome.

In fact, BTC price recovers gradually after it dropped to around $59k-$60k in the early of this month. However, I agree that we must be ready with any unexpected situation. I have prepared some plans if there is another huge dump or huge pump. I am aware, we can't solely rely on a single plan, especially in crypto market that is basically unpredictable.

Perhaps I am a fairly conservative investor, and the reason I still believe Bitcoin could fall further is that I still believe in its 4-year cycle. Based on what has happened in previous bear cycles and if history repeats itself, bitcoin could form its bottom by the end of this year.

I also still believe in 4 years cycle. Sure, the lowest price should be in this year. Next year, BTC price should gradually increase. Meanwhile in 2028 and in 2029, it is probably the time for bullish. So, we don't miss the chance to buy Bitcoin as many as possible in this year.

To me, Bitcoin's rise to $84k in the past few day is just a temporary recovery, and that is why I am not particularly excited about it.

Indeed. It was just temporary. We all could see that BTC price dropped to below $60k after it jumped to above $80k. We can expect for the constant raise during this bearish season. There will be always the chance for another decline at any time.

[Orpichukwu]

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 month of June seems to get very long and not in a hurry to finish, lol. I'm saying this because of how many times the market has swung before settling for the area it is now; let's see if it will go above $70k before the end of June or if it has within the $63k-$67k level.