Yugocean
Valued Contributor
The cryptocurrency market is going through a difficult bearish phase, with a few bullish surges thrown in for good measure. The game of market volatility has made Bitcoin trade like gambling, and profit and loss in trading has turned into a game of hi-lo.
The latter week of May and the first week of June saw a tremendous see-saw price game, with Bitcoin fluctuating between 29k and 31k, and briefly crossing 32k, before others, including CNBC, tried to portray BTC in the black, it quickly sank back below 30k on June 2nd, 2022.
For June, analysts have differing predictions for the Bitcoin movement. During the brief bull period, analyst Jason Pizzino was believing that Bitcoin will trade between $40k and $50k. After the drop, another analyst Arthur Hayes predicted that Bitcoin will trade between $25k and $27k,
Peter Schiff, a vocal anti-crypto critic, poked fun at crypto industry analysts, particularly CNBC's delight about bitcoin's surge above $32,000, claiming that this is a falling level for bitcoin.
No prediction is actually working, everyone has to follow DYOR (do your own research) method for taking the risk.
The latter week of May and the first week of June saw a tremendous see-saw price game, with Bitcoin fluctuating between 29k and 31k, and briefly crossing 32k, before others, including CNBC, tried to portray BTC in the black, it quickly sank back below 30k on June 2nd, 2022.
For June, analysts have differing predictions for the Bitcoin movement. During the brief bull period, analyst Jason Pizzino was believing that Bitcoin will trade between $40k and $50k. After the drop, another analyst Arthur Hayes predicted that Bitcoin will trade between $25k and $27k,
Peter Schiff, a vocal anti-crypto critic, poked fun at crypto industry analysts, particularly CNBC's delight about bitcoin's surge above $32,000, claiming that this is a falling level for bitcoin.
No prediction is actually working, everyone has to follow DYOR (do your own research) method for taking the risk.