What to expect from Bitcoin this summer?

[Orpichukwu]

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 $62k is already on his way up and has touched $65k today; many were predicting that if bitcoin's value dropped below $60k, we might likely see it settle down on $50k, if not $44k, but the market is doing a different thing as it's resulting from going that low.

[STT]

The references to bear or bull market ignore the most valid common outcome or description which is neither.   We can have neither bull or bear and that is the most likely outcome for this summer.

   The reason why I think that especially is that would be a reflection from Bitcoin itself over the last six months.  We have not fallen consistently or with a proper trend for most of the time even while there have been losses in price its not been regular or consistent.   I don't expect BTC loses much this summer I think it has to find a way back to a solid trend and just repairing the price action will take months maybe even the rest of this year to do.

[summonerrk]

I would characterize the situation as of todays morning as a step forward. This step forward is also visible on the Bitcoin chart, which almost reached $66,000. After much back-and-forth, the negotiations finally took a step forward. Some kind of forced agreement emerged, but again, as I say in such cases, the devil is in the details. Still, yes, there is another saying: "A bad peace is better than a good war."
Therefore, it was precisely in this bad peace that the markets experienced a surge of positivity. Bloomberg reports that the leading cryptocurrency rose to its highest level in almost two weeks after the US and Iran announced they had reached some kind of agreement to cease hostilities and reopen the Strait of Hormuz.  The rise in Bitcoin prices comes after recent market turmoil that saw its price even fall below $60,000 and reach its lowest level since October 2024.

[JamesDaniel90]

Everyone knows there will something between now and Friday (when the deal is supposed to be signed to end the war) that will stop this deal from going through and Bitcoin will then crash back down again  

Hopefully I am wrong, the deal gets signed and then the market has bottomed, but i just dont believe it till its done.

[okorieemmanuel]

I would characterize the situation as of todays morning as a step forward. This step forward is also visible on the Bitcoin chart, which almost reached $66,000. After much back-and-forth, the negotiations finally took a step forward. Some kind of forced agreement emerged, but again, as I say in such cases, the devil is in the details. Still, yes, there is another saying: "A bad peace is better than a good war."
Therefore, it was precisely in this bad peace that the markets experienced a surge of positivity. Bloomberg reports that the leading cryptocurrency rose to its highest level in almost two weeks after the US and Iran announced they had reached some kind of agreement to cease hostilities and reopen the Strait of Hormuz.  The rise in Bitcoin prices comes after recent market turmoil that saw its price even fall below $60,000 and reach its lowest level since October 2024.

A bad peace is better than a good war? Nice one rhetorically speaking, peace is not bad and war is not good even if it favors a certain group of individuals. Who created this illustration for christ sake? Anyway, I am optimistic this Bitcoin price would increase significantly in value even with full scale perpetuation of injustice so as to preserve peace. That place (Strait of Hormuz) is something else entirely.

[colinistheman]

Everyone knows there will something between now and Friday (when the deal is supposed to be signed to end the war) that will stop this deal from going through and Bitcoin will then crash back down again  

Hopefully I am wrong, the deal gets signed and then the market has bottomed, but i just dont believe it till its done.

Unlike previous times, I believe the agreement will be signed and there will be no last minute collapse. However, I do not think the market has bottomed just because the war is ending. War is only one of many factors weighing on the market, and the bear market had already begun before the conflict ever started.

So even if geopolitical pressures ease, the market still faces many other variables such as interest rates, bear cycles...It would be rather premature to assume that the end of the war is a sign that the bear market has also come to an end.

[JamesDaniel90]

Everyone knows there will something between now and Friday (when the deal is supposed to be signed to end the war) that will stop this deal from going through and Bitcoin will then crash back down again  

Hopefully I am wrong, the deal gets signed and then the market has bottomed, but i just dont believe it till its done.

Unlike previous times, I believe the agreement will be signed and there will be no last minute collapse. However, I do not think the market has bottomed just because the war is ending. War is only one of many factors weighing on the market, and the bear market had already begun before the conflict ever started.

So even if geopolitical pressures ease, the market still faces many other variables such as interest rates, bear cycles...It would be rather premature to assume that the end of the war is a sign that the bear market has also come to an end.

It really depends if the 4 year cycle is still on. If it is, then we wont bottom for a few more months but if it is over then we have already bottomed.

I am not sure, all i can do is continue to DCA on the red days.   I dont buy on days like today when the market is green.

[JamesDaniel90]

Everyone knows there will something between now and Friday (when the deal is supposed to be signed to end the war) that will stop this deal from going through and Bitcoin will then crash back down again  

Hopefully I am wrong, the deal gets signed and then the market has bottomed, but i just dont believe it till its done.

Oh what a surprise, the talks today have been cancelled due to more strikes yesterday     There was always going to be something to delay it.

https://www.independent.co.uk/news/world/middle-east/iran-us-war-live-trump-deal-strait-of-hormuz-supreme-leader-b2998873.html

[Akbarkoe]

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?  

Your actions are correct to do DCA at this time, but the mistake is that you are thinking about the very short term, only focusing on October and September, what if you intend for the next 4 years or 10 years, it will be much better, so you will not be too worried and confused with the time that is getting closer.
 
At least you can hold it until the end of the halving, or a few months after that, it will get good returns if you buy at this time in the bearish market.

[fuguebtc]

Everyone knows there will something between now and Friday (when the deal is supposed to be signed to end the war) that will stop this deal from going through and Bitcoin will then crash back down again  

Hopefully I am wrong, the deal gets signed and then the market has bottomed, but i just dont believe it till its done.

Oh what a surprise, the talks today have been cancelled due to more strikes yesterday     There was always going to be something to delay it.

https://www.independent.co.uk/news/world/middle-east/iran-us-war-live-trump-deal-strait-of-hormuz-supreme-leader-b2998873.html

However , MOU between the 2 sides was already signed online and took effect immediately,  and both Iran and the United States have confirmed this

According to other report , Iran and the United States have also lifted the blockade on the Strait of Hormuz, and ships are now moving freely again.  Therefore, whatever the reason behind the delay of today's meeting in Switzerland,  I do not think it is a major issue to be concerned about


This meeting is simply a formal in person signing ceremony for the MOU, replacing the version that was previously signed online. So postponing the meeting does not mean the negotiated agreement has run into trouble.

[JamesDaniel90]

Everyone knows there will something between now and Friday (when the deal is supposed to be signed to end the war) that will stop this deal from going through and Bitcoin will then crash back down again  

Hopefully I am wrong, the deal gets signed and then the market has bottomed, but i just dont believe it till its done.

Oh what a surprise, the talks today have been cancelled due to more strikes yesterday     There was always going to be something to delay it.

https://www.independent.co.uk/news/world/middle-east/iran-us-war-live-trump-deal-strait-of-hormuz-supreme-leader-b2998873.html

However , MOU between the 2 sides was already signed online and took effect immediately,  and both Iran and the United States have confirmed this

According to other report , Iran and the United States have also lifted the blockade on the Strait of Hormuz, and ships are now moving freely again.  Therefore, whatever the reason behind the delay of today's meeting in Switzerland,  I do not think it is a major issue to be concerned about


This meeting is simply a formal in person signing ceremony for the MOU, replacing the version that was previously signed online. So postponing the meeting does not mean the negotiated agreement has run into trouble.

Lets see what happens then.

Why is the market not reacting positively?   The war starts, crypto goes down.   The war ends, crypto goes down  

[Swordsoffreedom]

Why is the market not reacting positively?   The war starts, crypto goes down.   The war ends, crypto goes down  

Because the market is not only affected by this war but also driven by many other factors.

I believe you have heard the news that the Fed has decided not to lower interest rates and has signaled that there may not be any rate cuts until 2027. This is not positive news for the market, and the market's negative reaction to such developments is not surprising.

Why do you expect Bitcoin to rise while the market is still in a downtrend.

The cycle is repeating itself, and the bear market is not over yet. Therefore, do not set your expectation too high just because of a few positive news items or a temporary price recovery.

[davis196]

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?  

I expect the bear market to continue and the price to drop below the current levels. The Strait of Hormuz might be blocked again somewhere around August/September and the AI bubble might start bursting in the next few months, which would affect the crypto markets as well.
There are no major bullish news around Bitcoin/crypto and I don't expect the Trump administration to announce any "pro-Bitcoin" or "pro-crypto" bills and regulations. Lets enjoy the bear market and prepare for the 2028 bull run. The weak hands, who decide to sell right now would lose in the short term, but they could buy at lower prices after a month or two and win in the long run.

[sokani]

Lets see what happens then.

Why is the market not reacting positively?   The war starts, crypto goes down.   The war ends, crypto goes down  

I don't expect the market to react positively again simply due to the signing of a document. The market had already reacted positively when the announcement was made that the war between both countries had ended. Anything that would make the market react positively again, I am not sure it will be war-related.

[fuguebtc]

Everyone knows there will something between now and Friday (when the deal is supposed to be signed to end the war) that will stop this deal from going through and Bitcoin will then crash back down again  

Hopefully I am wrong, the deal gets signed and then the market has bottomed, but i just dont believe it till its done.

Oh what a surprise, the talks today have been cancelled due to more strikes yesterday     There was always going to be something to delay it.

https://www.independent.co.uk/news/world/middle-east/iran-us-war-live-trump-deal-strait-of-hormuz-supreme-leader-b2998873.html

However , MOU between the 2 sides was already signed online and took effect immediately,  and both Iran and the United States have confirmed this

According to other report , Iran and the United States have also lifted the blockade on the Strait of Hormuz, and ships are now moving freely again.  Therefore, whatever the reason behind the delay of today's meeting in Switzerland,  I do not think it is a major issue to be concerned about


This meeting is simply a formal in person signing ceremony for the MOU, replacing the version that was previously signed online. So postponing the meeting does not mean the negotiated agreement has run into trouble.

Lets see what happens then.

Why is the market not reacting positively?   The war starts, crypto goes down.   The war ends, crypto goes down  

Why should the market necessarily react positively to this news?

There are no rule that forces market to move mechanically according to theory,  where it always rise on positive news and always fall on negative news. We often say the market is unpredictable, so why do we forget this and complain whenever it moves against our expectation?


If the market operated in such a mechanical and rigid way, investing would not be that difficult, and perhap everyone would already be wealthy.

[Umulala-alala]

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 $62k is already on his way up and has touched $65k today; many were predicting that if bitcoin's value dropped below $60k, we might likely see it settle down on $50k, if not $44k, but the market is doing a different thing as it's resulting from going that low.

The market is fluctuating and BTC is unstable that's why people funds it too difficult to predict the market and what will happen next, bitcoin is a volatile asset so we shouldn't be astonished when the price of bitcoin is moving up and down, which ever way it's still a good buying time long time investors wouldn't panic because they are not ready to sell soon while those with the idea for short time will think of selling now so they won't be in a much loss.

[BALIK]

Lets see what happens then.

Why is the market not reacting positively?   The war starts, crypto goes down.   The war ends, crypto goes down  

I don't expect the market to react positively again simply due to the signing of a document. The market had already reacted positively when the announcement was made that the war between both countries had ended. Anything that would make the market react positively again, I am not sure it will be war-related.

The war is not entirely over. All that the 2 countries have reached so far is just a temporary MoU, opening up a 60day window to work toward a final peace deal.

This news has had an impact on the market, but do not expect a strong reaction from the market. Because the agreement could still fall apart at any time.

Although news of war is not the only factor affecting the market. But I believe that once a final peace agreement is reached, the market will react strongly. Because at that point, everything will be truly confirmed, rather than remaining a temporary situation that could be reversed at any moment

[free-bit.co.in]

The market is fluctuating and BTC is unstable that's why people funds it too difficult to predict the market and what will happen next, bitcoin is a volatile asset so we shouldn't be astonished when the price of bitcoin is moving up and down, which ever way it's still a good buying time long time investors wouldn't panic because they are not ready to sell soon while those with the idea for short time will think of selling now so they won't be in a much loss.

Bitcoin has never been stable, and the market is always volatile. By nature, Bitcoin is unpredictable, yet most of us still try to do that and hope it will behave the way we want. That leads to disappointment and complaint that market is hard to understand, while forgetting that this is already its inherent nature.

But yes, anyway, this is still a good time to buy. We should take advantage of this opportunity because buying Bitcoin at such a discounted price is rare.

[liasbaa]

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?  

Do you have any data to back up your claim? I know that no one has a prediction for the price of Bitcoin, they just speculate and spread the word. I personally predict that Bitcoin will soon surpass its ATH, a strong evidence for this is the limited supply of Bitcoin and its widespread global acceptance. You may not be able to show any logical reason for the price drop.

A temporary price correction due to global factors means that this is not a permanent outcome. Bitcoin is currently in a downward trend and may not see any further declines before the next bull run.

This is not an emotional decision, Bitcoin price is likely to move in any direction, so be prepared for any price movement and apply a risk tolerance strategy and do not invest with all your available funds.

[Danica22]

I personally predict that Bitcoin will soon surpass its ATH, a strong evidence for this is the limited supply of Bitcoin and its widespread global acceptance. You may not be able to show any logical reason for the price drop.

Will Btc soon break its ath? What do you mean by "soon", one month, one year, or 3 year from now?
I believe that almost no one here doubts Bitcoin growth potential or its ability to reach  new ATHs. But the problem is, nobody knows when that will happen.

A temporary price correction due to global factors means that this is not a permanent outcome. Bitcoin is currently in a downward trend and may not see any further declines before the next bull run.

Yes, as mentioned, the dip is only temporary, and Bitcoin reaching new record highs in the long term is almost inevitable.

But saying that Bitcoin will not fall further and has already bottomed out is not entirely correct. Those are also just your expectation and speculation.