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.
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.
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.
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.
I think BTC will continue in an accumulation phase and we will see BTC price below 40K for many more months before the market stabilizes again and grows in a big rally ahead of crypto winter.
My market monitoring hasn't seen any good growth against Bitcoin this May, but it's still early in the month. My hope is that Bitcoin will increase its price well in May, but we'll see what happens. Because many people are afraid the price of Bitcoin actually experienced a big decline.
(https://imageio.forbes.com/specials-images/imageserve/615dd7720d67953f133d97df/A-physical-unit-of-bitcoin-against-of-a-background-of-fire-/960x0.jpg?fit=bounds&format=jpg&width=960)
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.
bitcoin will experience a price increase again most likely in 2024, from the graph circulating bitcoin every 4 years it always increases in price so at this time I believe bitcoin still doesn't have the power to make price increases, currently investors or whales will not be able to do this. that.
Let's hope that the market will recover, and the entire cryptocurrency will recover its initial price of its projects, while the market is in this position, it is possible to invest in some good projects.
(https://imageio.forbes.com/specials-images/imageserve/615dd7720d67953f133d97df/A-physical-unit-of-bitcoin-against-of-a-background-of-fire-/960x0.jpg?fit=bounds&format=jpg&width=960)
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.
As I said on other occasions, if we look at the history of the last few years, May has never been a very good month for Bitcoin. We should note that the current scenario is likely to last longer, probably until Bitcoin drops to between $22,000 and $24,000, in those amounts is where the confluence is now to increase in value again. We are witnessing another cycle that we are used to, the weak hands will sell and those with more capacity and patience will buy and make a profit.Not only May, but also all summer months, including September, are usually calm for the cryptocurrency market, without serious price growth and even, as a rule, with price declines. Therefore, until September-October, one should hardly expect price growth this year.
I think bitcoin will rise for each new month, but there is definitely an obstacle. It's currently hovering between 32k and 29k. This does not give a positive signal for altcoins and markets. I expect good rises in June and July.In my opinion it is uncertain, Bitcoin will not always go up in the new moon. Yes, everyone hopes that after last May the price of Bitcoin could rise high, even though this did not happen in June or July.
I think bitcoin will rise for each new month, but there is definitely an obstacle. It's currently hovering between 32k and 29k. This does not give a positive signal for altcoins and markets. I expect good rises in June and July.In my opinion it is uncertain, Bitcoin will not always go up in the new moon. Yes, everyone hopes that after last May the price of Bitcoin could rise high, even though this did not happen in June or July.
And what you need to remember is that this year is a bearish year, so we have to be careful when we want to invest in Bitcoin and other Cryptocurrencies. Hopefully the Bitcoin price can return, and reach a new ATH again next year.
I'm also just predicting, and it could be right or wrong. Today I also saw the Bitcoin price drop again, I was actually worried that the Bitcoin price would continue to fall. Since this could also affect other coins, I also see the concern of many investors about this.~
it looks like what my friend said may not happen because if you look at some analysts who say, bitcoin will continue to decline and will even touch below $25K. after a decline to below $25K there will be an increase again and an increase is estimated at the end of this year maybe even early next year.
Once again, analysts could be wrong and we hope that changes will occur more quickly than the forecast, although perhaps looking at the current reality it is very doubtful to be able to change quickly.
if I think this bitcoin price will decline until the end of this year, even years cannot be resisted, it is likely that starting next year bitcoin will begin to recover and will penetrate the new ATH
(https://imageio.forbes.com/specials-images/imageserve/615dd7720d67953f133d97df/A-physical-unit-of-bitcoin-against-of-a-background-of-fire-/960x0.jpg?fit=bounds&format=jpg&width=960)
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.
The market is declining and will continue to decline and makes it possible to invest in projects for a long-term investment, maybe at the end of summer the market will stop its decline and growth will begin.everyone always hopes that there will be changes, but indeed with a large enough decline, it will take a long recovery. It's hard to expect drastic changes, but this is an opportunity to be able to have a lot of savings when everything is in the red. hopefully what the friend above say can be true and recovery will occur soon, we are waiting for that.
Actually it is reviewed that may and April months are good for those who are holders of bitcoin. They can recover and get good boon in these month while they hold the bitcoin. But now there is extreme reduction in the value of crypto so bitcoin is also suffering the obstacles of price drooping. There will not be a good repay for you if you exchange your bitcoin when market is at such a harsh state.Of course, with the time that has passed where indeed the market is not improving, it's good what you say is clear that anyone will do it. at this time not to exchange their coins, but if you can multiply them again, if there is still capital left, because that opportunity will not necessarily happen again, when the price increases there is a profit.
~at this time not to exchange their coins, but if you can multiply them again, if there is still capital left, because that opportunity will not necessarily happen again, when the price increases there is a profit.Do you mean to buy more, mate?
Unfortunately months to months have passed and now that is September. For this market situation, we are still experiencing a bearish market. We still cannot know when the bullish era will be started. But if we look at how th emkret grow up riht now, I think that this year will be still on bear market era.
we must be realistic, I think at this year crypto struggles, So I don't think or predict about short term.
May has passed, and nothing good for crypto.
We will see the long bearish, as many people said.
That's true.