Bitcoin Warning: May/June lows coming, but, opportunity follows. Predictions...
Over a month ago, I warned that May and June would bring the next big 'mega-crypto crash', and now, major analysts and investors are warning that such a move could be imminent. As we move closer to this timeframe, let's take a look at when you should snap up your favorite crypto coins, and when to sit back, and wait. More below...
Pictured below: Technical analysis isn't always the most accurate predictor of a stock/coin's future, but it can be an excellent tool for those who know how to follow them. Here is just one channel I watch for insights.
Please note that the following is not intended to be financial advice! It is merely my own 'prediction' or opinion of the potential price movements in the crypto market, and should be taken as entertainment purposes only. Be sure that you never invest any money that you can't afford to lose, and apply sensible, dollar cost averaging techniques to minimize losses.
Several investment analysts are now warning that Bitcoin (BTC) could dip down to, if not below $20,000, including Gareth Solloway, who is a regular guest on investment channels. Considering BTC's apparent strength at the moment, such a prediction might seem preposterous, but prepare yourselves!
Back in March, here's what I predicted:
" ...May 2022 could bring a huge opportunity to buy crypto at even better [lower] prices than we've seen since January. To me, it "looks" like a sharp and massive dump, which will not be followed by an immediate rebound. Instead, it could be a dump, followed by another dump, so be sure to take your time, and don't buy back in too soon.
However, once this happens, it is likely that the market will move slowly in recovering through June with massive gains in July (relatively speaking). Still, this year, to me, looks like a rather lackluster one, and I believe that the bigger "to the moon" gains will begin in early 2023 instead."
So, to be more specific, I can see a sharp decline in BTC price beginning approximately 4-5 weeks out from today, so that puts us into mid- to late-May to start dollar-cost-averaging back into the market. It is possible that BTC could fall below $20,000 to the $18,000 level. However, we should see a sluggish recovery over the next couple of weeks thereafter, into early to mid-June, providing more opportunity to snap up shares CHEAP!
From there, if you intend to go long, then go long into 2023 for a May peak (good time to sell and invest in something else or pay off bills!). We could see BTC 'cool' from there, and it could be early 2024 for another BTC break-out, so you really won't be missing out.
And finally, remember that I've warned that BTC could be stopped dead in its tracks by 2027, and that it is my intention to be completely out of crypto by 2026, just to be safe. It is far better to take the cash that you have now, and any short-term crypto gains to get completely out of debt, own your own home outright, and purchase assets like farmland and equipment, or even gold and silver.