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Author Topic: Is June a Downturn for the Crypto Market?  (Read 562 times)
Belarge
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July 09, 2024, 09:55:30 PM
 #101

June has been red so far but don't let that fool you. It is a misconception thinking that just because we are in a certain month the market should act in a certain way (up or down) every year. We keep seeing this every year where people say this month it dumps and that month it pumps.

What happened in June is not related to the month itself.
The situation with recession hasn't changed so sell pressure will continue to exist; and considering how price failed to break $70k and most importantly failed to stay above it, naturally the price comes down like this until the crash ends and price recovers and goes back up to try $70k+ once more.
We believe the activities that tend to portrayed evidence for us. June have been one of the rough bearish months in cryptocurrency but it doesn't mean we should relent but all 100% focused on the market. We're all aware that its filled with volatility and that alone will entrapped more investors in the market. I've come to the conclusion that the market have no regard for anybody, actually traders and investors can trigger their positions but they've completely no access to the system.

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