What to expect from Bitcoin this summer?

[Faisal2202]

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?  

It is hard to say the bottom will be at the current price as the price has already dropped to $59k and I think if bears pushed a little more maybe we would see the price hitting the $55k level too. But if you think $40k is going to be the bottom then I think that is a pessimistic target.

So buy as much as you can this summer because we might not be able to get BTC at this price again although it has already hit this target and then pumped by $20k, so it tells us that we have got another chance. So buy but don't buy all at once because that can be a trap and it can fall by another $5k or maybe $10k if things become worse.

[uchegod-21]

Honestly, it is hard to predict the market this time around. A lot of things aren't going the way we expected them to, which means we cannot rely on our assumptions this time around.

Everyone should see this dip from a positive point of view; the price is low now, and it should be an opportunity to buy low. Some investors are already disappointed with the way the price of Bitcoin is going down. I tell you, this is not the worst-case scenario. They can restrategize and make something meaningful out of this season.

Not everyone can time the market perfectly to know what price is the bottom and when is best to buy Bitcoin. They should continue DCAing this season to avoid missing out on this precious opportunity to accumulate BTC.