What's Your Take On It ?

[Hamza2424]

Hi fellows...

In a couple of days market is in another mood especially, what do you guys think about the month of JUNE for Bitcoin, I've explained my views in many posts on different topics and how according to my experience market will behave in the coming weeks even in July. The market is in kind of swinging mode, how you are taking this are you planning for regular accumulation in BTC or waiting for a clear turning point?

Also mention where you think the market can take a turn, what are the levels to watch in your views

Note this topic is to get a clear view of the community as there are very few topics with mixed discussion so I thought why not collect the particular comment under a single topic.

[SeeBiscuit]

I am no trader by any stretch of the imagination, but I'd have to say that the bitcoin price the past three months, leading up to June, has been quite stable. Still got half of June left to go, and I think the price behavior is going to remain the same unless something stupid happens like FTX last time.

We haven't seen an FTX level event quite yet to move the market in a shocking way, which is a good thing for stability as we all know what happened last cycle.

As for when the market is going to take a turn, I think the price right now is just going to slowly go down as whales/market movers are selling for fiat profit.

Personally, I've been buying a little bit of bitcoin every week DCA-style for the last month.

[jeraldskie11]

I've been waiting for weeks to reach the price at $63k where people don't believe that it should go back there before going up. Honestly, I'm not surprise if the price will continue to go deeper because imbalance is also a liquidity. When the price hit that area there is a possibility it will cause impulsive up move. As long as you didn't sell, you are still safe and will gain much in the future.

[Rubel007]

Investors are definitely worried about which direction the market will turn at this point. If the market is bearish then it may move up to 61K and if bullish then it may cross an earlier all time high. Those are holding bitcoins can still hold because the market will go bullish again after going through these conditions for a while longer. By the end of this year, the market will turn our wishes into reality through the bull run according to all of our expectations. I think this month will not see much change in Bitcoin price.

[JISAN]

Hi fellows...

In a couple of days market is in another mood especially, what do you guys think about the month of JUNE for Bitcoin, I've explained my views in many posts on different topics and how according to my experience market will behave in the coming weeks even in July. The market is in kind of swinging mode, how you are taking this are you planning for regular accumulation in BTC or waiting for a clear turning point?

In this month i.e. June, there is no chance of Bitcoin price going above $70k as Bitcoin price has already seen a lot of decline today and afternoon price has dropped to 66k which is a negative sign for Bitcoin.  As per previous ATH records we are yet to see a standard ATH for Bitcoin this year.  If this is the case and the price of Bitcoin starts to fall again from here, then many people will lose a lot of confidence in Bitcoin.  Because if that happens, Bitcoin will see a different behavior that has never been seen before.

[Hamza2424]

I've been waiting for weeks to reach the price at $63k where people don't believe that it should go back there before going up. Honestly, I'm not surprise if the price will continue to go deeper because imbalance is also a liquidity. When the price hit that area there is a possibility it will cause impulsive up move. As long as you didn't sell, you are still safe and will gain much in the future.

There was a good chance even better than this time in April I think yup, anyway that is one of my favorites in the market until you dont sell at a loss point, you are not in a loss, haha yup there's a condition you should hold your funds not a perpetual contract or third party.

The market never shows mercy all you can do is improve your decision-making with the passage of time and under your great experiences, you are worthy if you are better than yesterday, even if it's 0.001%

[|MINER|]

If we look back to the May month then the think we finds difference in between the June and may that the bullish market start in end of May month and here the June month starting with the Bullish market but now we are seeing market is recovering at the middle of June I think it can continue like one week and end of June we may see the bitcoin price crosses 70k again. So in this case I will say who did regular accumulation of bitcoin with DCA method they should spot and if they have plan for accumulate some they can take the chances now.

[Hamza2424]

If we look back to the May month then the think we finds difference in between the June and may that the bullish market start in end of May month and here the June month starting with the Bullish market but now we are seeing market is recovering at the middle of June I think it can continue like one week and end of June we may see the bitcoin price crosses 70k again. So in this case I will say who did regular accumulation of bitcoin with DCA method they should spot and if they have plan for accumulate some they can take the chances now.

Hmm, that's true there's no doubt May was a good one but at the end of the day here we are in almost 3rd week of JUNE, and still trades are quite disappointing haha, especially Spot trades, But yup, I will endorse this that continues DCA at the end of the day closes under the +ve gains. I will add to this that from day one I was expecting June to be closing in the loss compared to the 31st May's price.

In the end, I will ask bro what's your take how are you dealing with the accumulation process?

[taufik123]

I've been waiting for weeks to reach the price at $63k where people don't believe that it should go back there before going up. Honestly, I'm not surprise if the price will continue to go deeper because imbalance is also a liquidity. When the price hit that area there is a possibility it will cause impulsive up move. As long as you didn't sell, you are still safe and will gain much in the future.

So you are prepared for the current decline, of course you also buy at a cheaper price.
I am also looking forward to this decline and I already expected there will be a decline and it is indeed needed for a good market, because there will be an increase after this and it could be higher.

[Faisal2202]

Note this topic is to get a clear view of the community as there are very few topics with mixed discussion so I thought why not collect the particular comment under a single topic.

I think this is not the time to accumulate BTC unless we want to hold for 10 years or till the next halving. Because if your plan is to exit the market then currently accumulation is not a wise choice. Speaking of turning points, I will say the market is not going to reverse its position anytime soon unless it makes a new ATH which I think will be made around $80k to $90k. First the new ATH was around $100k in my prediction but now it has been changed.

I think the market will not take any backward turn now, as it already has corrected itself when went back to $56k or near it. I am still bullish even in the current phase market is swinging in a price limit. You have started a good topic as it really will bring more info to the table if one reads other POVs as well.

[vegasus]

Actually, I'm just doing holding, so this won't be as difficult to do. Yes, because the goal is to meet the real bullish season, yes, even if the market drops many times this month, it doesn't interfere with my actions with the portfolio. It's true that every time you look at the nominal amount there will definitely be ups and downs, and sometimes you can be quite worried about this. But yeah, this really means the cryptocurrency market cycle is like this. We cannot avoid price fluctuations. so yeah, just do it.

Well, but actually for holders, this is a moment that is sometimes awaited, when the market is dropping, it is actually a moment for holders to buy the targeted coins. More recently, the drop was quite far, so it's quite good for accumulation.

only for short term or daily trades. Maybe this has quite a big influence, because the high volatility sometimes makes their positions shocked by what happens on the market in just a few hours.

[bitterguy28]

If we look back to the May month then the think we finds difference in between the June and may that the bullish market start in end of May month and here the June month starting with the Bullish market but now we are seeing market is recovering at the middle of June I think it can continue like one week and end of June we may see the bitcoin price crosses 70k again. So in this case I will say who did regular accumulation of bitcoin with DCA method they should spot and if they have plan for accumulate some they can take the chances now.

so what is your take in this topic mate? because the market is just making up and down for this whole year now favoring
those BuyLow SellHigh and that is what some makes money though
I am keeping my funds HODLing because I trust this market now as we are in Halving effect that for sure anytime this year
or early next year there will  be big time coming.

I've been waiting for weeks to reach the price at $63k where people don't believe that it should go back there before going up. Honestly, I'm not surprise if the price will continue to go deeper because imbalance is also a liquidity. When the price hit that area there is a possibility it will cause impulsive up move. As long as you didn't sell, you are still safe and will gain much in the future.

So you are prepared for the current decline, of course you also buy at a cheaper price.
I am also looking forward to this decline and I already expected there will be a decline and it is indeed needed for a good market, because there will be an increase after this and it could be higher.

I still have small amount waiting in my pocket now to buy more when the market drops to 60k or bellow .

[jeraldskie11]

If we look back to the May month then the think we finds difference in between the June and may that the bullish market start in end of May month and here the June month starting with the Bullish market but now we are seeing market is recovering at the middle of June I think it can continue like one week and end of June we may see the bitcoin price crosses 70k again. So in this case I will say who did regular accumulation of bitcoin with DCA method they should spot and if they have plan for accumulate some they can take the chances now.

so what is your take in this topic mate? because the market is just making up and down for this whole year now favoring
those BuyLow SellHigh and that is what some makes money though
I am keeping my funds HODLing because I trust this market now as we are in Halving effect that for sure anytime this year
or early next year there will  be big time coming.

I've been waiting for weeks to reach the price at $63k where people don't believe that it should go back there before going up. Honestly, I'm not surprise if the price will continue to go deeper because imbalance is also a liquidity. When the price hit that area there is a possibility it will cause impulsive up move. As long as you didn't sell, you are still safe and will gain much in the future.

So you are prepared for the current decline, of course you also buy at a cheaper price.
I am also looking forward to this decline and I already expected there will be a decline and it is indeed needed for a good market, because there will be an increase after this and it could be higher.

I still have small amount waiting in my pocket now to buy more when the market drops to 60k or bellow .

That's good. Always buy when the price is cheaper. But we don't know how cheap will be the price before it goes up. That's why we should learn to analyze the market so that there will be a higher chance to catch the cheapest price. I don't want the price to go down but this is what I saw in the chart and I'm still looking forward for the big pump soon.

[0t3p0t]

In some specific timeframe Bitcoins price stays in the sideways direction but still bullish in the higher tf of course nad that is what is important on this so I think buying more is the best thing we can do since I believe Bitcoin will continue to go upward until 2025 then maybe 2026 will be bearish period so I am expecting price to fall that year just my 2 cents.

[|MINER|]

so what is your take in this topic mate? because the market is just making up and down for this whole year now favoring
those BuyLow SellHigh and that is what some makes money though
I am keeping my funds HODLing because I trust this market now as we are in Halving effect that for sure anytime this year
or early next year there will  be big time coming.

I think I have already mentioned something about my takes on this topic like if you see bitcoin is in now small dip it around 66k and I am a long term holder so obviously I am also holding in this price, and obviously I will avoid the FUDs and trying to add more adoption in my bitcoin holding with following the DCA method I made and also there is no question for selling Bitcoin in my case.