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Author Topic: Will the month of May be better for Bitcoin?  (Read 4845 times)

Offline TomPluz

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Will the month of May be better for Bitcoin?
« on: May 01, 2022, 07:23:40 AM »



I never expected that the month of April would be a little bit of a bloodbath for Bitcoin...and now that May is just starting Bitcoin is still at the $38K level with some predicting that it can go even lower before it would be making a dramatic recovery towards the $45K zone. We are all then hoping that the month of May there will be more hope and excitement for Bitcoin...nevertheless many institutional buyers and whales can be celebrating as they take advantage of the dip for possible big profits months from now.





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Will the month of May be better for Bitcoin?
« on: May 01, 2022, 07:23:40 AM »

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Re: Will the month of May be better for Bitcoin?
« Reply #1 on: May 02, 2022, 12:05:20 AM »
According to market habits, people usually look to sell off in May, similar to May 2021 bringing the BTC price to 29K. I don't expect much on BTC's upside potential in 2022, BTC might have a rally, but not in May. I fear BTC will be slightly below 30K this month.
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Re: Will the month of May be better for Bitcoin?
« Reply #2 on: May 02, 2022, 06:02:45 AM »
According to market habits, people usually look to sell off in May, similar to May 2021 bringing the BTC price to 29K. I don't expect much on BTC's upside potential in 2022, BTC might have a rally, but not in May. I fear BTC will be slightly below 30K this month.

It's bearish season, We shouldn't expect too high because Crypto market is still struggling now.
I think It's good time to buy and hold.
I read many prediction, crypto market will grow at the next year.
But I personally believe we still see  several pumps at this year.
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Offline Bobcrypto

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Re: Will the month of May be better for Bitcoin?
« Reply #3 on: May 02, 2022, 09:33:32 AM »
Some times the month of MAY come with bearish Market just like what has happened to other years. However, the month of April was not good either but I think the month of MAY could be better. In crypto anything can happen, and if April was not favorable, this MAY 2022 could be better. Hopefully, price will rebound but on a short term basis, in my opinion.

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Re: Will the month of May be better for Bitcoin?
« Reply #4 on: May 02, 2022, 04:46:28 PM »
Hopefully it will happen, bitcoin will more better at may.
But It seems difficult to happen
Because bearish season will happen until the next year 2023, Many investors predict about it.
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Re: Will the month of May be better for Bitcoin?
« Reply #5 on: May 02, 2022, 04:56:29 PM »
Well we really don't know if this month will be better for bitcoin because in my opinion there is a 50% chances that it might go bear.. but I'm hoping that this month of May will start a bull run. Let's just wait a miracle to happen..

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Re: Will the month of May be better for Bitcoin?
« Reply #6 on: May 02, 2022, 11:45:58 PM »
According to market habits, people usually look to sell off in May, similar to May 2021 bringing the BTC price to 29K. I don't expect much on BTC's upside potential in 2022, BTC might have a rally, but not in May. I fear BTC will be slightly below 30K this month.
If we look at the price history, it is true that May isn't a friendly time for Bitcoin, mostly a bearish or downtrend phase. But the same scenario may not happen, there is always an unpredictable scheme to happen. However, it is good if we begin to prepare everything from today. If the price really drops below $30k, we are not too late to prepare a preventive plan. But it is only for a short-term goal, for a long-term goal shouldn't be so worried.

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Re: Will the month of May be better for Bitcoin?
« Reply #6 on: May 02, 2022, 11:45:58 PM »


Offline naitik01

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Re: Will the month of May be better for Bitcoin?
« Reply #7 on: May 03, 2022, 08:20:39 AM »
It is often speculated that something big will happen from the month of May, and it is also expected that this time also bitcoin will trade above $40K.

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Re: Will the month of May be better for Bitcoin?
« Reply #8 on: May 03, 2022, 08:36:04 AM »
Hopefully it will happen, bitcoin will more better at may.
But It seems difficult to happen
Because bearish season will happen until the next year 2023, Many investors predict about it.

there will always be something that will prove to be true or may not happen, analysts last year predicted that bitcoin would peak at the end of 2021 and could touch $100K, but that didn't prove to be true and even bitcoin experienced a correction.
So predictions that will come, will be no different, will also happen, the most important thing is that we are ready for what will happen.
bitcoin can be ascertained when it has passed the halving period there will be an increase, for other times it can still change.

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Re: Will the month of May be better for Bitcoin?
« Reply #9 on: May 03, 2022, 09:49:47 AM »
The only news that the Bitcoin and crypto money market is waiting for is the interest rate decision to be made by the FED. I hope the markets will relax when the FED raises interest rates. Otherwise, it will always be a problem at the beginning of these markets and will be a big obstacle to the rise. I think there will be a rate hike.

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Re: Will the month of May be better for Bitcoin?
« Reply #10 on: May 03, 2022, 12:51:17 PM »
The only news that the Bitcoin and crypto money market is waiting for is the interest rate decision to be made by the FED. I hope the markets will relax when the FED raises interest rates. Otherwise, it will always be a problem at the beginning of these markets and will be a big obstacle to the rise. I think there will be a rate hike.
I expect at least 75 points of interest rate increase. After the Fed makes this increase, rich people with a lot of money will definitely invest somewhere. Cryptocurrency will be the most attractive area for this. If the Fed delays this increase, the uncertainty in the markets will continue. I think the direction of the market will be clear this month.



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Re: Will the month of May be better for Bitcoin?
« Reply #11 on: May 03, 2022, 05:28:41 PM »
I don't think it will be any better than April was. Nothing in particular has changed so far, I think, for it to be better.

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Re: Will the month of May be better for Bitcoin?
« Reply #12 on: May 03, 2022, 05:48:41 PM »
Yes I agree with you. And I hope This month bitcoin will be beneficial for everyone. And will give a good profit. There are countless such investors. Bitcoin lover. who invest in it. So everyone waits.

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Re: Will the month of May be better for Bitcoin?
« Reply #13 on: May 03, 2022, 07:54:32 PM »
Bitcoin network and at the same time can be a big vote of confidence for Bitcoin coming from growing number of miners who are participating in the said economic activity...as people are saying: the more, the merrier, the better. Now, I am expecting that soon we can hear another good news and it would have something to do with its price...am actually looking forward that in the month of May Bitcoin can reach at least high price.

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Re: Will the month of May be better for Bitcoin?
« Reply #14 on: May 03, 2022, 11:43:01 PM »
I cannot say about this, because we also see how the current market so far during the beginning of this month. The market dropped drastically and Bitcoin support is still not safe enough. There is a possibility that the Bitcoin price may drop.

But once more, this is only a prediction and what we are predicting should be not like that, only go for waiting the price later

 

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