Is June a Downturn for the Crypto Market?

[shanhaigamefi]

Is it truly a month of downturn, or is this perception based on anecdotal ?

[Charles-Tim]

It is happening like that already. But you do not need to be panic if it is bitcoin that you invested your money on and not those altcoins which are highly volatile. I do not think the bill run is over yet for bitcoin. But during long term bull run, there are times like this which could discourage some investors, especially the newbie investors. You do not need to panic and sell your coins. Just wait and let the price of bitcoin increase back. I am still expecting more all-time high.

[Dave1]

Is it truly a month of downturn, or is this perception based on anecdotal ?

You just have to look at Bitcoin's previous history,



https://www.coinglass.com/today

Year 2020, halving year, you can see that in June, we have a slight decreased in price at around -3%.

So it might be history repeating itself again, for all we know. Nevertheless, you don't need to panic as you need to look at the long term, or at least at the end of this month as I think we might be in a big run in the last quarter of the year.

[promise444c5]

Is it truly a month of downturn, or is this perception based on anecdotal ?

Another reason it could be dumb to invest in altcoins.... there's no guaranteed of their pump they can dump at any time and might never recover from the massive dump, bitcoin on the other hand has always recover besides we don't experience dump(IMV) I call it dip which only last for a short period time... the bull run still awaits as its too early to call the pump we experience earlier this year our bull run

[Helena Yu]

No one know, in the previous month, many people keep saying to dump their coins since they believe in Sell in May and go away theory, they also see a pattern that in May for every 3 years, the market is red (2015, 2018, 2021). But, this year the market prove it wrong, the market closed in green, so the past history didn't repeat.

Even market in June are mostly in green, it doesn't mean this month will green too.

[Kristiyana]

Is it truly a month of downturn, or is this perception based on anecdotal ?

I have not really check the historical records of previous years on how the all the coins normally respond during the month of June though I have heard from people that most coins normally face some drastic fall and it could be possible but however nobody knows if this year will be like other years when it was maintaining that direction because since we enter the month of June nothing negative has really happen on the crypto prices.

[Andrija Branislav]

You just have to look at Bitcoin's previous history,



https://www.coinglass.com/today

Year 2020, halving year, you can see that in June, we have a slight decreased in price at around -3%.

So it might be history repeating itself again, for all we know. Nevertheless, you don't need to panic as you need to look at the long term, or at least at the end of this month as I think we might be in a big run in the last quarter of the year.

If so, December 2024 will be the peak of the increase. This only refers to my experience when following the previous BTC price journey and all coins also rose and reached a new ATH again after a few months when the market was slammed again.

 

[ajiz138]

You may panic when yesterday bitcoin slumped to $66K and now back to almost $70K meaning there is nothing to worry about now bitcoin is easy to bounce, I just believe this is for the long term not to worry about.

In June 2022 maybe it was in the bearish phase of a high decline but now it's a little different because it has passed the halving meaning there is a possibility of an increase even though history cannot be 100% accurate it's just that we don't need to worry about bitcoin that's all.

If you ask about the current month then I predict that bitcoin will not experience a sharp enough decline it will remain more stable at $70K.

[taufik123]

June is still not over and some time ago Bitcoin did dump to the price of $66k, and I think that is also natural, because some of the previous gains and no corrections are needed.

This is a fairly normal situation and needed by the market, but the influence of monetary policy from the Fed is also a significant influence.


And now look at how the Pullback is done by Bitcoin, It has returned to the price of $69,999 and is almost breaking through $70k,
I am sure if the $70k Resistance is back in the Bitcoin break it will reach an even higher price in the next few days.

So there is no need to panic about the decline, it is an opportunity to buy and add to the assets of Bitcoin and some of the other top altcoins.

[cabron]

I'm sure anyone in crypto will notice the market is very different after the investment companies started coming. We can see the drop in prices a few days ago and then suddenly jump back up quickly like traders are just left waiting for the bottom and then suddenly they are left holding their stablecoins lol

It's already a weird market even before they come into ETF but this time, it's much weirder and worse for those who panic in the bloodbath days. It can really frustrate you when you expect bull run to come and you are not stacking sats while those institutions are juicing out the market.

[Hamphser]

Is it truly a month of downturn, or is this perception based on anecdotal ?

You just have to look at Bitcoin's previous history,



https://www.coinglass.com/today

Year 2020, halving year, you can see that in June, we have a slight decreased in price at around -3%.

So it might be history repeating itself again, for all we know. Nevertheless, you don't need to panic as you need to look at the long term, or at least at the end of this month as I think we might be in a big run in the last quarter of the year.

Im not really that a fan on trying to look with these charts or tables but for the sake on trying out to make some comparison then its still considerable on having such thing. Its not shocking that people
do freak out on the moment that they are seeing 3-5% decrease in price on which making up questions on the moment that the market would be having that price decrease without even trying out to realize
that this is really just that like an ordinary day that we do have here on this space. Just put up into our minds that what happened in the past doesnt mean that it would be happening in the future
but doesnt mean that it would really be that irrelevant. We can always make up that comparison and at the moment that we've seen those numbers whether increasing or decreasing then it do really
shows generally that everything could really be that so random and there's no way for us to tell on where it would be heading next.

[kentrolla]

It's your personal perception and I had similar perception about the month of December until it was shattered this time, As the basic principles of crypto we can never predict anything and expect it to be always correct as it's highly volatile and doesn't take much time for things to turn around, hence there is nothing static here rather it's all dynamic.

[coolcoinz]

Is it truly a month of downturn, or is this perception based on anecdotal ?

It used to be sell in May, go away... now it's June?

Notice how people's sentiment goes up and down all the time. Beginning of May was full of fear, now people are starting to talk about June being bad, when it's really great if you look month by month.
Check it monthly:
March was great
April was trending downwards, but we stayed in the 60-70k range.
May, despite weak start was mainly trending up.
June seems to be boring, mostly within a small 65-71k range.

Bitcoin is looking pretty strong, especially since we haven't seen any post halving bull runs yet. I don't care if it tests this or that line next week, all that matters is that by the end of the year we'll have a new ATH. I'm sure of it.

[Finestream]

It is happening like that already. But you do not need to be panic if it is bitcoin that you invested your money on and not those altcoins which are highly volatile. I do not think the bill run is over yet for bitcoin. But during long term bull run, there are times like this which could discourage some investors, especially the newbie investors. You do not need to panic and sell your coins. Just wait and let the price of bitcoin increase back. I am still expecting more all-time high.

If you see it that way, maybe but it could only be momentarily as we may witness bitcoin the next days start to surge high again. There might be dump or price crash at the moment but know that bitcoin price is still as volatile as it is, so we don’t have to worry and turn panicking because the price today might be too far different the next day. Patience is the key. If you can’t do that, you will definitely lose in this kind of game.

[Hamza2424]

Is it truly a month of downturn, or is this perception based on anecdotal ?

I won't say this is a downtrend month as we are still in the 2nd week, yup but at the same time as you can see there's a sideways movement so in my view this month with the coming up month as well is gonna be boring for investors, especially for those who already filled their bags and waiting for the moment of truth, but there are some silly crashes are expected with fast recoveries as you can see the last 24 hours behavior in the market. So you can say that in the end maybe we are going close in red.

This wont matter a lot for the strong hands and the regular accumulators, and the traders should take a break haha, for a while only.

[Maus0728]

Based on the historical data of the market, it's logical to say that June is that time of the month where the price drop is consistent but I'm not worried about any of that, pretty sure that it's an opportunity to many of us to buy bitcoin at a lower price, I mean when you look at the current price of bitcoin, you'd always be wishing for it to go down everyday because if you really wanted to buy bitcoin, you'd want the best value for your investment and people don't see it that way when the market is down especially the newbies, they almost always panic.

[FinePoine0]

Is it truly a month of downturn, or is this perception based on anecdotal ?

Dumping is normal for some time this June, but if there is no long-term dumping, it cannot be said to be a recession month. The Bitcoin market in particular though was pumping at the beginning of June and has been dumping again for the last two or three days, and after this dumping the price of Bitcoin has recovered and pumped again. So it is never possible to say definitively that a bear market is in progress, but it will definitely be a bull run. That's why I think it's normal for the Bitcoin market to go up from the current time.

[Russlenat]

I'm sure anyone in crypto will notice the market is very different after the investment companies started coming. We can see the drop in prices a few days ago and then suddenly jump back up quickly like traders are just left waiting for the bottom and then suddenly they are left holding their stablecoins lol

It's already a weird market even before they come into ETF but this time, it's much weirder and worse for those who panic in the bloodbath days. It can really frustrate you when you expect bull run to come and you are not stacking sats while those institutions are juicing out the market.

To be honest, I also noticed that this market isn’t easy to please now and expect a massive price increase.  It may even turn to its opposite if you keep on longing to see a significant price increase. But I’ve come to understand that maybe this is probably the current trend of this market these days, one day it will go up, the next day it will drop again, and price may varies one day or another.

However, this remains the thrill in the market that keeps the newcomers interest to get in. So while this could be annoying for some, but for those who understand how this market moves, this is quite challenging for us.

[Yaunfitda]

I'm sure anyone in crypto will notice the market is very different after the investment companies started coming. We can see the drop in prices a few days ago and then suddenly jump back up quickly like traders are just left waiting for the bottom and then suddenly they are left holding their stablecoins lol

It's already a weird market even before they come into ETF but this time, it's much weirder and worse for those who panic in the bloodbath days. It can really frustrate you when you expect bull run to come and you are not stacking sats while those institutions are juicing out the market.

To be honest, I also noticed that this market isn’t easy to please now and expect a massive price increase.  It may even turn to its opposite if you keep on longing to see a significant price increase. But I’ve come to understand that maybe this is probably the current trend of this market these days, one day it will go up, the next day it will drop again, and price may varies one day or another.

However, this remains the thrill in the market that keeps the newcomers interest to get in. So while this could be annoying for some, but for those who understand how this market moves, this is quite challenging for us.

It's really hard to quantify this market, I mean with so many players in the loop right now, whales, institutions, retail investors, very difficult to see where the price and although we can only have the old data to look at and then compare and see how it goes for this month.

Regardless though of the movement for this month, I will remain positive in the long term. And everyone should be and not just really look at the daily or monthly charts as this market is very volatile. Look at what's going to happen next year and for sure everyone will be happy that time.

[Dave1]

Is it truly a month of downturn, or is this perception based on anecdotal ?

You just have to look at Bitcoin's previous history,



https://www.coinglass.com/today

Year 2020, halving year, you can see that in June, we have a slight decreased in price at around -3%.

So it might be history repeating itself again, for all we know. Nevertheless, you don't need to panic as you need to look at the long term, or at least at the end of this month as I think we might be in a big run in the last quarter of the year.

Im not really that a fan on trying to look with these charts or tables but for the sake on trying out to make some comparison then its still considerable on having such thing. Its not shocking that people
do freak out on the moment that they are seeing 3-5% decrease in price on which making up questions on the moment that the market would be having that price decrease without even trying out to realize
that this is really just that like an ordinary day that we do have here on this space. Just put up into our minds that what happened in the past doesnt mean that it would be happening in the future
but doesnt mean that it would really be that irrelevant. We can always make up that comparison and at the moment that we've seen those numbers whether increasing or decreasing then it do really
shows generally that everything could really be that so random and there's no way for us to tell on where it would be heading next.

Why not? It's good to look at some old logs and then we can have our own conclusion. Of course it might not be accurate, but with Bitcoin very young data, at this point we can somewhat deduce what could have been happening in the past could reflect it in the future.

I'm just showing the data though, it could be relevant or irrelevant for some. But I do think that those who love TA could go back to it's historical logs and see and maybe plot their predictions on the same period on the last post halving in 2020.