Bitcoin Steady at $9.5k as Analyst Predicts Price Breakout Before June

[rasangaya]

Bitcoin Steady at $9.5k as Analyst Predicts Price Breakout Before June



After a significant 2-day 10% rally towards $9,630, Bitcoin has been under healthy consolidation for the past two days. The bulls are looking at the daily 12-EMA for support but Bitcoin is still almost $200 away from the level. The increasing bull volume followed by a decrease in volume during the consolidation indicates the bulls are likely going to see a continuation in the next 24-48 hours.

If they are able to break the last $9,630 lower high of the daily equilibrium pattern, we are going to see Bitcoin attempting to break $10,000 again. A break of the equilibrium pattern will most likely be strong enough to get Bitcoin above $10,000 and possibly touch $11,000.

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[Quart]

How can it be a breakout before June? If you looked at the current price, it seems quite stable. I think the analyst has failed to predict about the potential of Bitcoin price. The bitcoin price isn't moving up or decline till now. So, we need to wait for till the next month.   

[mlawson71]

I hope we will see another rally this month, May was a little disappointing.

[Alter]

I really expect that the price can surge faster. But it always needs process and progress, so it should take time to reach $10K. Now it is already at the beginning of June, we still don't see that price pass $10K. But it seems to pass that price during this month as expected.

[Cryptoz]

I think it is not only in June. previously, On may, the price was higher. reaching $9.5 has been being since May. But of course, probably the experts think about the significance increase again and the more stable price in that amount in June.

[UNIVERSE]

I think this month is the time for Bitcoin to go to the next level around 10,000 USD. I cannot predict what date, but it should be in the middle or the end of this month. However, we need good news related to crypto world this moth, hope no bad news.

[debra]

We are already in June, so it is not true if the Bitcoin price to increase high before June. 
The breakout seems to occur in this month or next month because of some factors. The previous month wasn't a good time to surge with many problems because of covid-19.

[mlawson71]

He didn't predict a big increase, he only predicted a breakout above $10,000, which did happen.

[naitik01]

Bitcoin touched the $10K figure in the month of May but has remained mostly stable at $9.5k, maybe crossing the $10K level this month.

[Jaguar]

How can it be a breakout before June? If you looked at the current price, it seems quite stable. I think the analyst has failed to predict about the potential of Bitcoin price. The bitcoin price isn't moving up or decline till now. So, we need to wait for till the next month.

And besides we are at the Month of June and still bitcoin seems stable. Old predictions that didn't come true is seen as inappropriate despite it could be close to. If there was an old predictions, there is a new one. New predictions will come like a fireworks that we don't know where is the closest one to actual scenario.

[Prime]

The first week in June is already over, the price of Bitcoin is still around $9k. The analyst prediction is totally wrong and even in early June it never happens. I think the analyst just gives a good spirit to crypto users by saying that prediction.