What to expect from Bitcoin this summer?

[AakZaki]

Timing the market is just a fools game in the end, what's important is to be patient, tolerant of the market seasons and keep on accumulating as already said.
DCAing or accumulation takes off the emotional stress of the volatile nature of the market and makes one prepared and ready for whatever the remaining half of the year brings.

The real fools are those who don't even know the history of bearish, even though in 2018 and 2022 the history is still there if you open the chart. So if you open the chart you should be able to see at least an estimate of when the bearish will end.

So if you already know about it, wouldn't it be nice to buy Bitcoin then, even if there has to be a DCA that requires the money spent not as much as when the price still wants to fall deeper.

Yes, what does it all mean for Investors and Account Farm, which even the bearish history does not know? In the end, only thinking about DCA repeating.

[Ahli38]

It’s possible that this month marks Bitcoin’s lowest point. And in the coming months Bitcoin will likely move away from its current price level. But no one can predict Bitcoin’s future price movements with certainty. As for the 4-year cycle it will continue to influence Bitcoin’s performance given that historical data shows it tends to follow a similar pattern during certain periods before. As for the Bitcoin price decline it’s also unclear how far the drop will continue given the ongoing selling pressure or even capital outflows from several major institutions. But I personally speculate that the Bitcoin price decline will only have a short-term impact. And that won’t affect Bitcoin in the long term, where people will still continue to accumulate Bitcoin for the next halving period. And that will lead to Bitcoin experiencing an increase in the long term. I think the best opportunity for us to do DCA is when Bitcoin’s price has already dropped significantly from its ATH. And I think right now is the best price to buy Bitcoin for the long term.

[Gozie51]

Curious to know what we all think, do we think we are in for a red summer or are we near the bottom at $62k?  

Yes I think so. Going by the drop in investment in bitcoin which has caused more shift away from hodling, it is gradually affecting the price. Bitcoin has tested support level of $60,000 severally and probably going to break that level anytime soon. The fourth quarter of this year is going to go in red because it will keep preparing for the next circle of halving and usually there is a systematic and historic drop in price at such times. For now, I have not seen the reason that the market will spontaneously spike up but buyers will DCA while weak hands will keep running away from the market.

[HONDACD125]

Those who still believe we are following a 4 year cycle do not think we have bottomed yet and will do so in September/October later this year.

I am not quite sure what to believe but will DCA this summer and if we have to wait till later this year to bottom then so be it, its only a few months away and will be good to get some cheap prices for Bitcoin and alts.

Curious to know what we all think, do we think we are in for a red summer or are we near the bottom at $62k?  

Whether the cycle follows the 4-year pattern or not, I'm pretty certain that the current price is not the bottom and we will see lower prices in the coming months for sure. So many people are optimistic that the market will still recover from here and go around $100k again, but I don't think so, and I'm confident that we are going to see the price of Bitcoin going below $50k in the bear market.

Those who are doing DCA should continue for sure, because the current prices are not bad, but they will probably get better over time, so if they keep buying from now and continue doing so and the market keeps going down and down, they are going to get a good average buying price after they complete their accumulation for the next bull run.

Those who wish to buy at once, maybe the time is not here for them yet, that is at least what I think.

[o48o]

Those who still believe we are following a 4 year cycle do not think we have bottomed yet and will do so in September/October later this year.

I am not quite sure what to believe but will DCA this summer and if we have to wait till later this year to bottom then so be it, its only a few months away and will be good to get some cheap prices for Bitcoin and alts.

Curious to know what we all think, do we think we are in for a red summer or are we near the bottom at $62k?  

If i had to guess, i would say that bottom is $45-44k, and it's going to be later, end of the year. But frankly if you are not doing leverage trading, i don't see any harm starting earlier.

I have no prediction what's the new ATH is going to be, but it's eventually definitely going up from here, even if it would dip deeper this year to let's say $44,8k in the Christmas or end of the year. So it's a "safe" choice to buy imho, (if anything is safe).

Here's my oversimplified idea, where support is somewhere in near bottom of the last peaks bottoms. If that repetition breaks significally, then all bets are off about the bottom.

[Cookdata]

It’s possible that this month marks Bitcoin’s lowest point. And in the coming months Bitcoin will likely move away from its current price level. But no one can predict Bitcoin’s future price movements with certainty. As for the 4-year cycle it will continue to influence Bitcoin’s performance given that historical data shows it tends to follow a similar pattern during certain periods before. As for the Bitcoin price decline it’s also unclear how far the drop will continue given the ongoing selling pressure or even capital outflows from several major institutions. But I personally speculate that the Bitcoin price decline will only have a short-term impact. And that won’t affect Bitcoin in the long term, where people will still continue to accumulate Bitcoin for the next halving period. And that will lead to Bitcoin experiencing an increase in the long term. I think the best opportunity for us to do DCA is when Bitcoin’s price has already dropped significantly from its ATH. And I think right now is the best price to buy Bitcoin for the long term.

I'm not too satisfied with this price, I'm not seeing reaction when we bounce on the support. We could sleep(depend on your time zone) and see Bitcoin nuke again, this may not happen but I'm not too confident with what Bitcoin is trading. If it's  regular day, we should pick up immediately the price bounce on that price but it's too dull for my liking as if the support isn't longer the local support again, many people has lowered their long position.

On the 4 year cycle, only institutional investors and government demand can kill the cycle and the same investors are the ones that has been selling off. Blackrock sold more Bitcoin than they have bought in recent months. I don't know why Strategy pull that move to secretly sell 30 Bitcoin. Some say it's liquidity test but the fact he refused to address that breaks his loyalist. You can't tell people to sell their kidney to get Bitcoin when you clearly have another motives.

[Vaculin]

Now we have the opportunity to buy more Bitcoin at a low price, this may be the best time to buy and hold Bitcoin. At this time, DCA plays a more effective role, we do not yet know what the lowest level will be, through DCA we will definitely be able to invest at that level.

That is really the way to see it, considering how low Bitcoin is now. It is not always like this, and this dump will reverse over time, so not taking advantage of it is like saying no to an opportunity.

It may still go down to the $50k level, and sure, many will panic, especially those who are new to the market, but that is what the whales want. They like people to panic so they can buy again at a lower price, then sell once the market recovers even in a short time.

Just look at it this way, Bitcoin already dumped more than half from its ATH, so looking at that alone, it should be seen as a good entry, especially for long term.

[Stalker22]

Curious to know what we all think, do we think we are in for a red summer or are we near the bottom at $62k?  

If you remain disciplined with your DCA method, then no matter what scenario may play out, you are still winning.  If $62k is the bottom, then you have started accumulating your position at the right time; if it continues to decline, then you get a summer sale.  I think it is best when you are prepared for all possible scenarios.

[snowpega]

Those who still believe we are following a 4 year cycle do not think we have bottomed yet and will do so in September/October later this year.

I am not quite sure what to believe but will DCA this summer and if we have to wait till later this year to bottom then so be it, its only a few months away and will be good to get some cheap prices for Bitcoin and alts.

Curious to know what we all think, do we think we are in for a red summer or are we near the bottom at $62k?  

We are officially in bear run now. As of today, the bitcoin price has dropped below the $60k price zone, which is a bearish sign near me. And, if you ask me, then I think that the Bitcoin market can crash further from this point due to high selling pressure. At the same time, it is a good thing for those who are looking for the best accumulation zone or good market opportunities so that they can buy more and more for a new all-time high, which is expected to occur in the next bull run.

If we look at the Bitcoin historic behavior, it always have been making a new all time high after the completion time of halving period and the countdown to new halving has already start that is expected to occur in 2028 in the month of June. So, who is good to buy now should hold it for another all-time high in my point of view. This is my point of view on this, not any advice to follow. DYOR!

[Churchillvv]

Curious to know what we all think, do we think we are in for a red summer or are we near the bottom at $62k?  

I have been offline since didn’t get to check the market nor my phone, just looked at the market and I’m surprised what the market is doing and perhaps we have gotten a down that is below the 62k and even way down than I expected. It was a really surprise to me because I haven’t been able to check the market for expectations.

[Rustam Meraj]

Four year cycle theory is certainly being tested, and no one knows what message may be. A huge sell off down to final fall of late autumn may be being too careful since markets do not mostly allow everyone to get in when they'd like. I think that your plan of going down with $100 that you ran on dollar cost average this summer is smartest that you can do. If we are to settle at 60k, you are now getting pretty good deal when you buy, and if there is little bleeding into September, so you are just further picking up more coins. Prepare yourselves with some cash in hand to deal through this uncertainty and keep mind calm approach to red summer.

[Asiska02]

Those who still believe we are following a 4 year cycle do not think we have bottomed yet and will do so in September/October later this year.

The month may seem long to reach now for the market and if the market continue to fall at this rate, the expected bottom price by many would have already been surpassed. One thing we should know is that correction will happen, and by doing so, we will see that the market would reach the bottom by then and a change in trend may fully start to signify a start of the bullish period gradually.

I am not quite sure what to believe but will DCA this summer and if we have to wait till later this year to bottom then so be it, its only a few months away and will be good to get some cheap prices for Bitcoin and alts.

Curious to know what we all think, do we think we are in for a red summer or are we near the bottom at $62k?  

Bottom at $62K really? This is not even a price to consider seeing the current condition of the market to be in a very strong bearish run, it’ll go lower than that more and that should not surprise you too much. The bottom is a bit/farther more below that price. Until we see a major correction, the market is likely not going bullish now.

[uneng]

For those who are in this market for at least 4 years, what is happening right now isn't a surprise. However, it's not possible to state with assurance how much Bitcoin will still fall. I perceive the 60K bottom as a harsh and considerable crash already, taking into consideration the short period of time it took to happen, so it's not likely BTC will still crash on short run.

But we are still 2 years away from the next halving, so new dips are a possibility for the next year yet.

[summonerrk]

Those who use DCA don't have to think about this issue at all because these guys use the simplest tactics, which are effective and do not require tracking the market on an ongoing basis. As for those who like to trade based on the price reduction, those guys can say that the summer began to have a lot of fun with a direct drop to 60k, which was recently in February. Actually, I noticed that 60k is some kind of magic number for Bitcoin because it used to be a strong resistance level. Which stopped Bitcoin for the first time, forcing it to go into correction.

[aoluain]

For the thread title I expect Bitcoin to continue on as it has since its inception. Developers
will continue to develop the network and work on problems. Miners will continue to mine
blocks in search of their rewards and Node runners will continue the dedicated cause of
helping to secure the network.

...as for the Bitcoin Market - thats a different matter.

Curious to know what we all think, do we think we are in for a red summer or are we near the bottom at $62k?  

So I am in the belief that the 4 year cycle is still happening so for me we are currently in a
Bear market so I am expecting red until around October and dont expect the market to
show significant change until the new year.

[Danica22]

Curious to know what we all think, do we think we are in for a red summer or are we near the bottom at $62k?  

So I am in the belief that the 4 year cycle is still happening so for me we are currently in a
Bear market so I am expecting red until around October and dont expect the market to
show significant change until the new year.

I also believe in the 4 year market cycle. This means the bear market will not only last through the end of the year, but Bitcoin could go lower and set a new bottom. If history repeats itself precisely, I predict the bottom of this cycle to come in the last quarter of the year.

However, I encourage people to start buying and accumulating now instead of waiting because nothing is guaranteed. After all, predictions are just predictions and no one can know for sure how the market will actually play out.

[Lucius]

~snip~
Curious to know what we all think, do we think we are in for a red summer or are we near the bottom at $62k?  

In the current circumstances, when all the big players are apparently selling, it seems to me that the summer could be a red one in every sense - except for the temperatures being hellish, I wouldn't be surprised if the price of BTC sinks even lower. When we have millions of coins in the possession of a few funds and one company, then we have a problem that we didn't have before - any negativity from that direction affects the price, even when it comes to a trivial 32 BTC.

[Powerjumboo]

Those who still believe we are following a 4 year cycle do not think we have bottomed yet and will do so in September/October later this year.

I am not quite sure what to believe but will DCA this summer and if we have to wait till later this year to bottom then so be it, its only a few months away and will be good to get some cheap prices for Bitcoin and alts.

Curious to know what we all think, do we think we are in for a red summer or are we near the bottom at $62k?  

But we can see this summer that the price of Bitcoin has been dumped a lot and reached $59,000 after dumping. However, from $59,000, Bitcoin is at $61,000 and $62,000. However, due to the volatility of the Bitcoin market, it is still not possible to accurately predict what position Bitcoin will achieve in the future, but currently the Bitcoin market is dumping a lot and dumping may be an adequate opportunity for investment. Maybe many are able to use this opportunity and many are not able to use it, but those who are able to use the fall of Bitcoin this summer, I think they will achieve success very soon because Bitcoin will not have such a position, but it will definitely create a good position, but I guess 20

[dzungmobile]

In the current circumstances, when all the big players are apparently selling, it seems to me that the summer could be a red one in every sense - except for the temperatures being hellish, I wouldn't be surprised if the price of BTC sinks even lower. When we have millions of coins in the possession of a few funds and one company, then we have a problem that we didn't have before - any negativity from that direction affects the price, even when it comes to a trivial 32 BTC.

Months ago, when people hoped that "this time is different", this time contextually means "this market cycle, this bear market", I felt oppositely. The bear market of this cycle still has many months for its completion, and I saw no reasons to feel how it will end earlier than past market cycles and past bear markets. It's very unrealistic in my opinion, even two or three weeks ago, people thought like what will happen, will the bear market end, the bull market will start if the Peace Talk between the USA and Iran eventually leads to a Peace Deal?

Again I did not think it was realistic hope, and so far it seems I am right about these. The Bear will take over the market in coming months and bear market ending will be some time in very late of 2027 year, not in 2026 year.

[leonair]

Those who still believe we are following a 4 year cycle do not think we have bottomed yet and will do so in September/October later this year.

I am not quite sure what to believe but will DCA this summer and if we have to wait till later this year to bottom then so be it, its only a few months away and will be good to get some cheap prices for Bitcoin and alts.

Curious to know what we all think, do we think we are in for a red summer or are we near the bottom at $62k?  

This summer season is a great opportunity for us to save a good amount of Bitcoin because the price of Bitcoin is very low now and we will never be able to buy it again in the future because after the next ATH, the price of Bitcoin may not fall below $100k because our previous all-time low price was around $15k but this time I think it will not fall below $40k and the possibility of the price of Bitcoin falling below $100k in the next season will be very low because gradually a lot of people are investing in Bitcoin and the adoption of Bitcoin is increasing worldwide due to which the price of Bitcoin will gradually become much more expensive. So this summer season is a great opportunity for us so we should not stay away from investing according to DCA in any way.