What to expect from Bitcoin this summer?

[savetheFORUM]

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.

You must be referring to ceasefire by that 'signing of document'. But that is powerful, as that signing of document can also be a signal for the war to end even for temporary only. They may still get used to this and that can lead for its effect to be permanent. No wonder why many expects that the market will bounce.

Unfortunately, I heard that the war had been extend. So that must be the reason on the continuous dip we feel on here. If not, then there may only be some delays again. So people need to stay calm. Not just the war but there are so many factors too that can affect cryptos. But if who is on the spotlight, the focus is also on them.

[ASloveapg]

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.

And because of its volatility, an investor should understand very well from the beginning that just as Bitcoin has the possibility of going up, it can also go down due to volatility, which is a natural phenomenon.

Therefore, we have to accept volatility as normal, and by accepting it as normal, we have to mentally prepare ourselves to invest consistently.
We are not investing in Bitcoin to make short-term profits, so we should not be afraid of volatility. Our goal is long-term, and we should only continue to invest consistently for the long term, weekly or monthly. Not in a panic and in a hurry, but we have to maintain long-term investment with a well-planned strategy and a clear understanding of the risks.

[Orpichukwu]

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.

The price of Bitcoin has always been this way: unpredictable. Value can show signs of a bull today, and we see the next thing in a few minutes' time. We all should have been aware of this. Even as short-time traders are in for fast profit, they are also aware that value can drop and pick up.

What most of them lack is patience to hold until whatever that dropped out from their portfolio will end up adding back when the market is bouncing back up. Those who sell are the actual people who lose real money.

[internetional]

No matter how this summer turns out, now is the perfect time to accumulate Bitcoin. Two forks are expected this summer, each of which could bring additional coins. So by August, you definitely need to hold as many Bitcoins as possible on your own addresses, and specifically not on L2.
https://ecash.com/why-hardfork/
https://cryptoslate.com/bitcoin-is-less-than-10000-blocks-away-from-its-most-contentious-fork-fight-in-years/

[Bitcoin_people]

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 we follow the four-year cycle of Bitcoin, then of course Bitcoin has the possibility of going a little deeper. However, according to the current situation, the way Bitcoin has fallen and the bear market has appeared, we can be sure that the Bitcoin market may not move towards a much deeper decline. This summer, the price of Bitcoin may stay in the $50k and then it is more likely to go up again. Already, we can see that the price of Bitcoin has dumped a lot from the highest level, which is similar to what we have seen in the past. However, now we cannot predict accurately whether the Bitcoin market will move down again, but we hope that it will not happen. If the market turns positive, it may not go too deep. Already, we can see that the market is in a lot of decline. This month, the Bitcoin market entered $59k thousand, which is the lowest, but now it has risen a little, but many think that the market may fall a little in the coming days.

[barbara44]

Bear market feels like is the tone of this summer as well. Most summers are quite bear, we do not have that many bull markets in the summer if you look at our history and feels like this could be the same as well. I am not saying it is going to be the same for sure, I can't know that, I can't guarantee a lower price.

However, it does look like we are going to end up with something that might be quite like the result on the long run. We need to make sure that we are going to eb clear and not be worried if it goes down, we should be ready for it. This is why I do not have bitcoins at the moment, I expect it to see under 50k at the bottom, and then I will start to accumulate back again until the bull run arrives.

[As-Soon-As]

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?  

No one can say exactly what will happen in the Bitcoin market, but yes, we can predict it somewhat according to the cycle. Since the bear market is going on now and Bitcoin has corrected quite a bit, the possibility of the Bitcoin market dumping again in this current situation is very low.
No matter how volatile the market is right now, investors will not panic because they will continue to try to buy Bitcoin at a low price. The price of Bitcoin has been between the 60k level and the 70k level for a long time. This level is quite strong, so I can say that no matter how much the market dumps, I think it will not enter below the fifty dollar level.

[Agbamoni]

No matter how this summer turns out, now is the perfect time to accumulate Bitcoin. Two forks are expected this summer, each of which could bring additional coins. So by August, you definitely need to hold as many Bitcoins as possible on your own addresses, and specifically not on L2.
https://ecash.com/why-hardfork/
https://cryptoslate.com/bitcoin-is-less-than-10000-blocks-away-from-its-most-contentious-fork-fight-in-years/

I share the same sentiment with you. Today, tomorrow, next week and months to come is a good time to buy bitcoin. Price is down to a comfortable amount. I think most of us did not see this bear market at the beginning of the year. That wish has become a reality. Anyone giving excuses not to buy currently do not want to invest in bitcoin at all.

[Minor Miner]

No one can say exactly what will happen in the Bitcoin market, but yes, we can predict it somewhat according to the cycle. Since the bear market is going on now and Bitcoin has corrected quite a bit, the possibility of the Bitcoin market dumping again in this current situation is very low.
No matter how volatile the market is right now, investors will not panic because they will continue to try to buy Bitcoin at a low price. The price of Bitcoin has been between the 60k level and the 70k level for a long time. This level is quite strong, so I can say that no matter how much the market dumps, I think it will not enter below the fifty dollar level.

Before the bear market began, many confidently asserted that this bear market would not be too severe. They said it would not last as long as previous bear cycles and Bitcoin would not fall below $70k. But as we have seen, it dropped below $60k in just 2 months, and the bear market lasted for more than 8 month.

Bitcoin is unpredictable, and anything can happen. We should not rely on short term conditions to make long term judgments. The possibility of Bitcoin continuing to decline, and even falling below $50k is still on the table.
I would not be so quick to rule out the possibility of BTC falling to that level.

[o48o]

-cut-
Lets see what happens then.

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

Dude, this isn't stock market. Any sort of good news hasn't been enough to launch a new bull part of the cycle in the past, so why would that apply now? And why would it happen instantly anyway?

We can't trust anything Trump says and neither can anyone making peace deals with him. He doesn't have any diplomacy skills, so that any achieved peace that he would be involved in, can end to him having one of his numerous temper tantrums.

Him having ton of wealth tied to oil makes him richer when oil gets more scarce because of a war, and one reason he would be incentivized to stop wars would be after cashing out his rising shares. Other reason would be because of repercussions that he was incapable to factor in, because of his ignorance.

He doesn't understand how economy, countries or multilateral trade-agreements work, nor he is interested to learn about that. This creates uncertainty in the world and in times of uncertainty, people invest in safe havens and tangible commodities like gold. Not to most uncertain casino assets available like cryptos.

[Jubilee58]

Waiting to buy bitcoin at the bottom is very wrong, because you might miss the right time of buying bitcoin. At this price of bitcoin, starting your DCA journey is a good decision, if bitcoin price still plummet you take the advantage, and if the price still goes up , is still an advantage for you to buy at this price, because I believe bitcoin will still go like 3 to 4 times from here.
Concerning bitcoin price going up or coming down from this point is what I can't really tell because price can be unpredictable, and very volatile too, but it is clear that we are still in the bear market, and buying Bitcoin now will be the best decision to make.

[summonerrk]

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 is an opportunity to buy cheap Bitcoin. Right now, Bitcoin is trading at no more than 70,000, essentially at local lows that have already been tested several times.
And this is a sign to really think about buying Bitcoin now. Because we all understand that overinvestment in AI has long since created a bubble effect. Like an arms race, governments and large companies are investing recklessly, not understanding the consequences, and therefore it's an attempt to jump on a rocket that's already high. Meanwhile, Bitcoin is currently selling at a discount.

[tottong]

Waiting to buy bitcoin at the bottom is very wrong, because you might miss the right time of buying bitcoin. At this price of bitcoin, starting your DCA journey is a good decision, if bitcoin price still plummet you take the advantage, and if the price still goes up , is still an advantage for you to buy at this price, because I believe bitcoin will still go like 3 to 4 times from here.
Concerning bitcoin price going up or coming down from this point is what I can't really tell because price can be unpredictable, and very volatile too, but it is clear that we are still in the bear market, and buying Bitcoin now will be the best decision to make.

I don't see it as a mistake as long as people have multiple approaches to buying. Several methods can be applied to give us the opportunity to accumulate, and some adjustments are needed so that at the lowest price, we can still buy in much larger quantities.
That's why several applicable methods are needed, and DCA can be adapted to make routine purchases.
If we are able to manage our finances well, the opportunity to buy in much larger quantities during a sharp decline is also a very rare opportunity.

A DCA target is a realistic option to implement consistently so that assets can continue to grow naturally. Having reserve funds to use for purchases during a sharp decline is also a good decision because we will get a much bigger discount.
Various approaches can be taken as long as people are able to see the opportunities and strategies needed so as not to lose the best momentum in collecting bitcoins.

[JamesDaniel90]

Waiting to buy bitcoin at the bottom is very wrong, because you might miss the right time of buying bitcoin. At this price of bitcoin, starting your DCA journey is a good decision, if bitcoin price still plummet you take the advantage, and if the price still goes up , is still an advantage for you to buy at this price, because I believe bitcoin will still go like 3 to 4 times from here.
Concerning bitcoin price going up or coming down from this point is what I can't really tell because price can be unpredictable, and very volatile too, but it is clear that we are still in the bear market, and buying Bitcoin now will be the best decision to make.

Buying Bitcoin now at the current price of $62.5k does not interest me. It can easily fall down to the $45k-50k range in the next 3-4 months before finding a bottom and that is where i will buy as id rather save money next few months to then be able to buy more at the lows.