MAJOR market correction expected in June / July 2023

[Chris Newman]

There is a MAJOR market correction expected in June / July 2023 and Bitcoin will crash to below US$5000
This will happen due to a MAJOR crash expected in the financial sectors, globally AND / OR due to activities of the crypto (Bitcoin) whales in cohort with the (crypto) exchanges (explained below).
None of us here are financial experts and even financial experts are NEVER able to always accurately predict market movements.
Nonetheless, we are all aware of the global financial markets being quite choppy and unpredictable nowadays and couple of banks collapsing, etc.
Moreover, the crypto (Bitcoin) whales are pumping up the price of Bitcoin, so that more and more people will long trade Bitcoin (with leverage ofcourse) and then in June / July 2023, as usual, the crypto (Bitcoin) whales, in cohort with the (crypto) exchanges, will dump Bitcoin, so that the long (leveraged) trades get liquidated, and when leveraged / futures trades get liquidated, the exchanges make a LOT of profits, with the crypto (Bitcoin) whales getting their chunky (and juicy) piece(s) of the cake(s). Ofcourse, Bitcoin may touch even US$55,000 by May 2023, but see what will happen in in June / July 2023.
Stay safe.

 

[INCC]

This is mental.

Bitcoin $55K in May and $5K in June?

 

[brucewayne39]

According to who?

 

[Lastchance55]

According to who?

It is just a speculation. No one in the world knows what will be the next BTC move. It is a game of probabilities and speculation. Sometimes it gets right and many a time, it gets wrong too. So take it with a pinch of salt.

 

[DrBitcoin]

This is mental.

Bitcoin $55K in May and $5K in June?

FOMO at $55k then panic sell at $5k

 

[seomaster5]

FOMO at $55k then panic sell at $5k

That is the way to riches.

 

[DrBitcoin]

That is the way to riches.

That's the only way to trade crypto

 

[V]

This is mental.

Bitcoin $55K in May and $5K in June?

He's just another bot posting ChatGPT content. Don't mind him.

 

[tvcapital3388]

There is a MAJOR market correction expected in June / July 2023 and Bitcoin will crash to below US$5000
This will happen due to a MAJOR crash expected in the financial sectors, globally AND / OR due to activities of the crypto (Bitcoin) whales in cohort with the (crypto) exchanges (explained below).
None of us here are financial experts and even financial experts are NEVER able to always accurately predict market movements.
Nonetheless, we are all aware of the global financial markets being quite choppy and unpredictable nowadays and couple of banks collapsing, etc.
Moreover, the crypto (Bitcoin) whales are pumping up the price of Bitcoin, so that more and more people will long trade Bitcoin (with leverage ofcourse) and then in June / July 2023, as usual, the crypto (Bitcoin) whales, in cohort with the (crypto) exchanges, will dump Bitcoin, so that the long (leveraged) trades get liquidated, and when leveraged / futures trades get liquidated, the exchanges make a LOT of profits, with the crypto (Bitcoin) whales getting their chunky (and juicy) piece(s) of the cake(s). Ofcourse, Bitcoin may touch even US$55,000 by May 2023, but see what will happen in in June / July 2023.
Stay safe.

A very good guess, but if you have more data to support the speculation it will be better.

 

[ADA Lovelace]

My honest reaction

 

[Chris Newman]

Take for example, today (nothing new though), there was a pump for a few hours and then a good dump, where Bitcoin price dropped by US$2400 within 50 minutes. And this was in no way due to any news (fundamentals) and no technical analysis could predict it, either.

Therefore, although majority of crypto folks do not believe it, the crypto market (Bitcoin) is completely manipulated by big whales, in cohort with the big exchanges. They jointly create fakeouts, in order to liquidate BOTH long trades AND short trades. When trades (leveraged) are liquidated, the exchanges keep making hundreds of millions of (US) dollars (on an ongoing basis) and this is shared with the whales (partnership).
90% + of crypto folks do not believe in the above, but rather they believe in technical analysis and fundamental analysis and this is why 90% + of crypto traders lose money. Fundamentals to a small extent sometimes does affect prices. But, technical analysis, is useless, as it is (Bitcoin price) manipulated by the whales, supported by the big exchanges.
Anyways, as I mentioned a few days ago (in this thread), we will see Bitcoin touch around US$50,000 in May 2023 / June 2023. And, then, around June / July 2023, Bitcoin will crash to below US$5000 (or at the best, below US$12000).

 

[Hircus]

To be honest, there are now better chances of USD falling off than BTC falling off

 

[Chris Newman]

Today's FUD was "manufactured" (as usual) by the whales. One of the many whale's address, is known as "Mt Gox", see the blockchain link below :-

https://www.blockchain.com/explorer/addresses/btc/1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF
So, what the whales (in cohort with the big exchanges) did (as usual), is to create a FUD scene via Twitter that this "Mt Gox" is going to sell all his (or her) 79957 Bitcoin (worth US$2,318,749,134) and that resulted in people (as usual) panic selling and Bitcoin hence saw a price dump of US$2400 within 50 minutes and in this period alone, 78,436 traders were liquidated , the total liquidations comes in at $351.88 million (and the largest single liquidation order happened on Bitmex - XBTUSD value $5.05M). However, that "Mt Gox" address still holds 79957 Bitcoin !!!

OK, so the above is NOT anything new at all. Ofcourse it happens VERY OFTEN AND WILL CONTINUE TO HAPPEN VERY OFTEN. However, the reason for me mentioning it, is to make a best attempt to make people realize that technical analysis for crypto, is useless and fundamentals (news, etc) to a small extent sometimes does affect prices.
And, please understand that the FUD related news about "Mt Gox" is going to sell all his (or her) 79957 Bitcoin (worth US$2,318,749,134), was NOT related to any fundamentals, it was a news "manufactured" by the whales.

Ofcourse, all this is NOTHING new, Bitcoin price manipulation by the whales (in cohort with the exchanges) has always happened and will continue to happen, because they keep making hundreds of millions of (US) dollars, on an ongoing basis, when they get trades liquidated. And, that is business as usual for them. The day any crypto trader realizes that this is business as usual for the whales (and the exchanges), that is the day for that crypto trader to know how Bitcoin price moves. Many do not realize this and consider it as a myth and hence 90%+ of cypto traders lose their money. It is as simple as that.

 

[k2h2]

This is mental.

Bitcoin $55K in May and $5K in June?

5 is favorite number of OP.

 

[Nikolaos]

Yes and i have a crystal ball that tells me the numbers of the lottery.

 

[StevenLivesInMars]

OP is a perma bear speculating for a huge drop since january and we’ve had nothing but green months. Seems he’s the BHW inverse Cramer. If anything, it has proven that anyone doing the exact opposite of what OP has adviced since january has made a profit.

I believe that OP's idea is correct, but I disagree with restricting it to a particular time frame.

 

[achiever2011]

So everything is going to crash including share market also ? I should take some loans then to invest in share market.

 

[onlinemarketer12]

This type of crash is always being predicted very next month. Some type the bet will come true and the person making the precitction will take the credit.

 

[Alex_n36]

There is a MAJOR market correction expected in June / July 2023 and Bitcoin will crash to below US$5000
This will happen due to a MAJOR crash expected in the financial sectors, globally AND / OR due to activities of the crypto (Bitcoin) whales in cohort with the (crypto) exchanges (explained below).
None of us here are financial experts and even financial experts are NEVER able to always accurately predict market movements.
Nonetheless, we are all aware of the global financial markets being quite choppy and unpredictable nowadays and couple of banks collapsing, etc.
Moreover, the crypto (Bitcoin) whales are pumping up the price of Bitcoin, so that more and more people will long trade Bitcoin (with leverage ofcourse) and then in June / July 2023, as usual, the crypto (Bitcoin) whales, in cohort with the (crypto) exchanges, will dump Bitcoin, so that the long (leveraged) trades get liquidated, and when leveraged / futures trades get liquidated, the exchanges make a LOT of profits, with the crypto (Bitcoin) whales getting their chunky (and juicy) piece(s) of the cake(s). Ofcourse, Bitcoin may touch even US$55,000 by May 2023, but see what will happen in in June / July 2023.
Stay safe.

care ?

 

[lotsofmoney]

If what Op is saying comes true, it should be seen as a buying opportunity. It will allow us to buy coins at lesser value and this we can profit more in long run.