This is what that has been happening since bitcoin get to all-time high but bitcoin get to a lower price today that it has not gotten to since it got to all time high as it decreased to $103700 not quite long ago. Let us see what will happen but I think bitcoin is at its peak possible price for now. We are going to know more by next month which we are go to get to after tomorrow..

Just like I pointed out to a few of my offline friends when we were discussing Bitcoin price for the week after doing an all time high price last week, it's, the fact that Bitcoin must always correct back whenever there is an all time high price record, same goes with bear market decline price, there is always an end to every of Bitcoin market trend and an opportunity to those that want to buy Bitcoin now.

people love to say bear bear bear bear bear bear so one day they get to say I told you so.

I would say for us to be bear we would need to stay under 70k for 30 days or more until then we are not bear.

It is sad to see the bear bear bear bear posters .


So sad

I think we are seeing a bit of a cool-off because of the Bitcoin Conference ending. There are always expectations of some huge announcement on these conferences, specially when you have people like the vicepresident of the US speaking, so investors start wondering what will be announced. As a result, you get a rally into the rumors, and a selloff into the news (or lack of thereof, of just underwhelming narratives compared to what was being expected by the market). Once we clear out the macro and the FED capitulates and start lowering rates, we may or not see a correction if they panic cut into a recession, but the long term view of BTC remains extremely bullish, so this will get frontrunned by some people and we may not crash as much as some expect if a recessionary cut happened, this will sideline even more people that will end up buying at higher prices.

I'm not bullish about Bitcoin now neither am I bearish. ETF turning bearish wouldn't change anything, we have more institution holding Bitcoin and as long as they don't sell, Bitcoin will be fine and by the way it's not all Etfs that are going to be selling, I remember back when Bitcoin was trading at $80k ranges Blackrock was selling some Bitcoin, investors were requesting for cash and dumping Bitcoin but later same Blackrock started buying again.

Technically, the market isn't really moving like many expert expected. The volume isn't there despite hitting all time high. The thing is that some traders were expecting Bitcoin to run after some days of getting to see new all time high but it turn out Uncle Trump macro economy policy strike again and it went down again, the bulls couldn't hold the price longer as people did not fomo as they expected, but they are protecting it, dumping gradually to its previous support.

Right now, the price is around $104.7k. I consider these points some decent price range still. At least, it’s well above where it settled with the bears and very close to the ATH. I don’t really think we would see a price below the $100k mark up till the second week of June maybe. Price will keep fluctuating about that range or higher in the coming days, pending what the effect of certain news would bring but, there isn’t any cause to be alarmed rather, plans should be put in place to utilize these moves in an either way.

To all the Bitcoin holders, we need to understand that the market is been controlled by big institutions and their decisions in the market is always the direction of the market. The market are now way to manipulate when you have huge numbers of Bitcoin circulating. There is nothing we can do about this because our Bitcoin portfolio might not be as much as what they are holding to manipulate the price of Bitcoin. Although many people thought the price of Bitcoin is going to fall more than what it is now but the pressure was much that made Bitcoin to range depending of the higher factors that controls the market. The red candles are not going to stay longer because we are still in the market and the price of Bitcoin need to hit 150k before seeing any continuous bears.

Selling pressure > Buying pressure, because buyers who bought at the last all time high have been cashing out. This is the after effect of the wrong type of buying at the high when the FOMO is also high.

Just the important thing is that the dump has been slow till now bitcoin standing at 103k $/BTC at this point. I hope it does not dump further, if it does we have to buy back at lower prices. If it goes sideways, just wait it out for the next movement.

The situation in the market shows that Bitcoin may come down below 100k. We thought I would see New Ath another time in this month. But that was not possible. We will not see anything good in Next Month because the Tariff will continue from the month of June. August, Bitcoin will re -pump in the September and New Ath will be. However, repeatedly the economic problem can actually be a little complicated. Hopefully, I will see Bitcoin again in the previous place.