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.

[free-bit.co.in]

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.

What makes you think the bear market will last until late 2027?

I do not know exactly when it will end, but based on previous cycles, bear market typically last around 12-18 months after the halving. It usually ends at the end of the second year after the halving. This means that if history repeats itself, the bear market will end in late 2026 or early 2027.

[asriloni]

The bottom is still far away. A small bumb doesn't always mean we're recovering. There is still demand zone, which is around 54k. So it's possible we will reach that number in summer. I remind you a dump is not occuring instantly. It's going through process, and we're already on it.

So you can try to prepare your cash to buy at the bottom in summer or slowly DCA bitcoin this time. I think the current number is good price to dollar cost averaging bitcoin. You can DCA between this range 60 - 50 - 40.

[JamesDaniel90]

So we hit a new year low of $59,300 the other day i haven't bought any yet as think we have at least one more fall below that price.   I am expecting we go down to $55k at least.

Its hard to predict from week to week, $59k could be the low for June or we may go even lower next few weeks. 

It has been a long 8 months since the October high for Bitcoin, but hopefully we only have another 3 or 4 months left of this bearish action and then we can start moving up again going into 2027.

[michellee]

No need to delay anymore if your reason to buy and accumulating. Bitcoin already down for half from the last ATH so you can use this time to start buying and hodl. But if you want to wait for more, that is up to you, that is your plan so you know when to start.

I expect down for more below than $59,000 maybe at $55,000 or below but if the price down below $50,000 that is a big surprise and the big discount coming to us. Your choice is on your hands so research for more will be the best.

[Awaklara]

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 have seen Bitcoin reach $61k. I guess there is no need to wait until the end of this year. I hope that it is already the lowest point and the market will gradually improve. Now, Bitcoin is priced at $63k, slightly better, and is also followed by some altcoins. The end of the year might see a more positive price movement, I think. However, significant movement might not yet be visible. But there is another possibility where Bitcoin might move quite slowly, and of course, be quite boring.

[JamesDaniel90]

No need to delay anymore if your reason to buy and accumulating. Bitcoin already down for half from the last ATH so you can use this time to start buying and hodl. But if you want to wait for more, that is up to you, that is your plan so you know when to start.

I expect down for more below than $59,000 maybe at $55,000 or below but if the price down below $50,000 that is a big surprise and the big discount coming to us. Your choice is on your hands so research for more will be the best.

Is $50k really that much of a surprise if it goes that low?   That's only 60% down from the $126k high in October.

The Bitcoin high in 2021 was $69k and it went down to $16k 2022 bear market bottom, that was roughly a 76% crash from the high.