Is June a Downturn for the Crypto Market?

[OgNasty]

Hedge funds are just building short positions on futures. It’s an understandable way to make income. At some point it will become a positive instead of downward pressure on the market. I think the downside pressure will likely continue through October, but I expect November to be the kickoff to the next bubble.

[Zackz5000]

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

I don't really think so the movement of Bitcoin or crypto at Large is always volatile going upwards and downward it may be dip today the next day it pump up we can't really predict, but those that invested into Bitcoin shouldn't panic because Bitcoin investment is not like other coin in the Crypto market like shitcoins which is not reliable. For me the dip should be an opportunity for investors to accumulate more Bitcoin instead of panicking and stack enough Bitcoin in their bag and continue to hodl.

[bitterguy28]

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

month of downturn ? where have you been mate ?  because I believe that there are no even month for that downturn because market will only act depending in the response of the investors here in market so if ever there are downing moment then that is not permanent and may change in the coming months .
so best to take advantage of buying when the month is dumping and keep your holding till the market recovers.

[X-ray]

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.

yeah people belief too much on some random sayings and the previous year chart shows that may or june is the month of downtrend doesn't mean it will happen when overall market greet index is at high and also we are at bullish. so that is anecdotal at best.
currently there's downturn because we've reached $73k not too long ago it does make sense for market to go down a little but there are many speculators out there saying that if bitcoin somehow cross $72k it will means another big rally coming for us which you shouldn't never take it as a financial advice but quite optimistic speculation coming from people probably gonna be self fulfilling prophecy.

so far market is well, there might be another wave of correction ahead, definitely best chance for people that have been waiting to invest, bad for people that invested in peak, but regardless still a healthy market.
even if somehow this month around goes full on corrections after correction doesn't mean we are at bearish as long as bitcoin still stays on the trajectory of going $100k.

remember we're probably still too early to call it peak of this bullrun, one thing that I really trust about past chart data is that the overall bitcoin growth over decades has been consistently linear.

[Essential10]

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

No one can say that.  No one in history will be able to give an exact solution. Just watch the price of Bitcoin go from week to week, going up a bit and going down a bit. Most meme coins and alt coins start preparing for a run when the price of Bitcoin starts to go up. Again, when the price of Bitcoin goes down, the value of memes, alt coins, goes down. One of the biggest things I think no one knew beforehand was how the value of the coins would go this year, many assumed it would follow the same trend as years past. However, this June market, I personally can only guess that there will be a small improvement from the current price and some small correction may be a situation.

[mirakal]

I have no reason yet to think the market will dump but we have no escape from that situation knowing the the current situation is not the same as before. Therefore, it is still a need for us to prepare and take action depending on the actual condition, not because we speculate.

For several weeks, the price of bitcoin was still in the range of $64k - below $70k, it never looked bad, isn't it? That is why I still need to urge myself to feel worried and think we are going down because the market still doing great unless the price of bitcoin dump below $60k. But if it is still in the range, I remain positive and hopeful that one day, it surpass $70k and reach another ATH.

[Bobrox]

Acceptable or not, in the early of June the cryptocurrency market get downtrend and this middle week bitcoin get crash few percent make many altcoin decreasing more than 10%.
Need more patience in this month after bitcoin failure break out above $72k and make bitcoin getting down drastically under $66k yesterday price, left two weeks for the month of June and waiting what the progress in the next few weeks later will bitcoin get increasing or decreasing price make some altcoin have downtrend moment.

I hold some altcoin recently after yesterday price decreasing and expected take profit as soon possible without waiting until the end of this month, its difficult looking portfolio assets get downtrend day by day and difficult some top altcoin break to higher price following with bitcoin still on downtrend moment.

[justdimin]

I have no reason yet to think the market will dump but we have no escape from that situation knowing the the current situation is not the same as before. Therefore, it is still a need for us to prepare and take action depending on the actual condition, not because we speculate.

For several weeks, the price of bitcoin was still in the range of $64k - below $70k, it never looked bad, isn't it? That is why I still need to urge myself to feel worried and think we are going down because the market still doing great unless the price of bitcoin dump below $60k. But if it is still in the range, I remain positive and hopeful that one day, it surpass $70k and reach another ATH.

I would say that if we look at the technical analysis, it is not showing any signs at all. I am not saying it is not showing down or up, I am saying it shows absolutely nothing, by TA we could say that it will stay like this for a long time. I do not believe that by the way, I am just saying most TA indicators show that it will not move at all for a while, probably like all June, but also we have seen indicators being wrong plenty of times before and sudden movements could very well happen.

I have not seen plenty of months where the price did not move at all, that's rare, even if not something big, price always moves a bit, even if it goes back to what it was it still moves a lot. Which is why I think we should be careful with what we have, and not expect silence all month.

[Mahanton]

I have no reason yet to think the market will dump but we have no escape from that situation knowing the the current situation is not the same as before. Therefore, it is still a need for us to prepare and take action depending on the actual condition, not because we speculate.

For several weeks, the price of bitcoin was still in the range of $64k - below $70k, it never looked bad, isn't it? That is why I still need to urge myself to feel worried and think we are going down because the market still doing great unless the price of bitcoin dump below $60k. But if it is still in the range, I remain positive and hopeful that one day, it surpass $70k and reach another ATH.

I would say that if we look at the technical analysis, it is not showing any signs at all. I am not saying it is not showing down or up, I am saying it shows absolutely nothing, by TA we could say that it will stay like this for a long time. I do not believe that by the way, I am just saying most TA indicators show that it will not move at all for a while, probably like all June, but also we have seen indicators being wrong plenty of times before and sudden movements could very well happen.

I have not seen plenty of months where the price did not move at all, that's rare, even if not something big, price always moves a bit, even if it goes back to what it was it still moves a lot. Which is why I think we should be careful with what we have, and not expect silence all month.

Yes, if you are really that tending to see or look with technical analysis approach then its true that you cant be able to see something that it is really that leading down or having those potential corrections or downturn,
Why people do always having that kind of impressions at the moment that the price goes down and ended up on having assumptions that it would really be going down further? Yes, we can be able to see those histories
in past years about its movement and tally it out and making up some comparison but still it wont really be that enough for us to tell on what would be the next movement on the upcoming months or years to come.
This is why it is really that hard to predict on where it would be going. This is why it would really be better that you should really be versatile on whatever market condition that you would be able to encounter.

We do know that in every month on which we dont know on what are the fundamentals that could enclosed to it. Market could move out unexpectedly whether there are events
or not in the market on which it could give out that significant movement or not. So it would really vary.

[Natalim]

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

I believe it’s more on your own observation and perception towards the market, there are months that it turn our bullish as much as the bearish months as well. However, I honestly don’t see this month as a time of downturn but most likely just some price correction appears inevitably. After that, we can anticipate to see bitcoin price increasing again, due to its volatility that makes its price hard to predict.

[goaldigger]

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

You can just simply say yes by looking at the price trend now, maybe this is a preparation for the ghost month which usually a red market every year. Though, better to take this as an opportunity to accumulate good project because bull trend is still here and there’s still a big chance to hit a new peak this year, its just a matter of time and a good hype, be more patience.

[sunsilk]

We're already halfway through this month and based on the images given, it's true that there's something reliance on the history for every year of this month.

Well, holders are not gonna mind that much and we're going to keep on holding this time. And use that discouragement that we're not yet on the peak and everyone still have got time to accumulate for more.

So, use this downtime of the market and we're looking at it right at $66k.

[Moreno233]

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.

Thank you for the pictorial explanation that made it easier for all to see. I have always had the feeling that certain months do have their market sentiment, as we witnessed in the last quarters of last year where is is believed that Bitcoin performs better than the early part of the year. Nevertheless, there is no need of being worried for those whose intention is to hold longer because I do not see the retracement as something that will last long and even if it does, it is still a beautiful opportunity to buy more Bitcoin. I know that as we enter the second half of this year, the sentiment will drastically change just as we had in 2020.

[Volimack]

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

No one can say whether it is a bearish month or not predicting the future of the crypto market is difficult. Sometimes it is seen that the crypto market goes up through the dumping. This is the best time to hold the coins if they are dumping. If the movement of the market can be held by extremely unstable hold, the currencies can go up in the interval of months and days.

[Iranus]

Acceptable or not, in the early of June the cryptocurrency market get downtrend and this middle week bitcoin get crash few percent make many altcoin decreasing more than 10%.
Need more patience in this month after bitcoin failure break out above $72k and make bitcoin getting down drastically under $66k yesterday price, left two weeks for the month of June and waiting what the progress in the next few weeks later will bitcoin get increasing or decreasing price make some altcoin have downtrend moment.

I hold some altcoin recently after yesterday price decreasing and expected take profit as soon possible without waiting until the end of this month, its difficult looking portfolio assets get downtrend day by day and difficult some top altcoin break to higher price following with bitcoin still on downtrend moment.

I don't think bitcoin falling from $72k to $66k is a significant correction and should cause us to panic.
I think those who are feeling discouraged, frustrated and think things are getting worse are the ones who are investing in altcoins instead of bitcoin. It's easy to see bitcoin hasn't dropped too much in recent days, but many altcoins are seeing serious dumping, some even going back to prices when bitcoin was priced at $30k last year.
I found this year to be a difficult year for the altcoin market as everything revolved around bitcoin while everyone was investing in altcoins.
I think OP is also investing more in altcoins instead of bitcoin because like I said, bitcoin is not falling too much and not scary enough to be pessimistic.

[rhodelmabanal]

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

Bitcoin is now down but it does not mean that oy will not bounce back, the bull run is not yet finished so it is expected that btc will turn back to bull, and we don't need to be panic because being panic will not help us earn , if we don't control our emotion we will surely lose, if you invested on some altcoins and now it is down because it is being affected of the bitcoin price that drop them dont be panic because when btc rise the coin will also rise.

[Viscore]

We're already halfway through this month and based on the images given, it's true that there's something reliance on the history for every year of this month.

Well, holders are not gonna mind that much and we're going to keep on holding this time. And use that discouragement that we're not yet on the peak and everyone still have got time to accumulate for more.

So, use this downtime of the market and we're looking at it right at $66k.

Well, if bitcoin price consistently drop in the next few days, I would admit then that we are now at a month of downturn but that does not mean that it’s going to be bloody for the rest of the year. Personally, btc price at the moment is never really that low, it’s still $60k above so there’s always a lot of chances that it will continue to cross $70k and above, until we’ll head into its newest all time high for this year.

However, whatever it is, hodling is the best option. We can’t dare to sell our coins while seeing its value plummeting, most likely we need to hold it more and be more patient not to be bothered by the sudden price downturn.

[Gaza13]

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

Bitcoin is now down but it does not mean that oy will not bounce back, the bull run is not yet finished so it is expected that btc will turn back to bull, and we don't need to be panic because being panic will not help us earn , if we don't control our emotion we will surely lose, if you invested on some altcoins and now it is down because it is being affected of the bitcoin price that drop them dont be panic because when btc rise the coin will also rise.

In this case, it is no longer a public secret that increases or decreases are something that normally happens in the investment world with fluctuating prices on the market. If there is a downturn, you should not panic as you mentioned above, panic will make you lose a lot of money there. It's best to provide cold ammunition (money) and continue to accumulate every time a downturn occurs, this is a golden opportunity for us to get a cheaper price than before. Yes, of course, if Bitcoin experiences a fairly rapid increase, alt coins will automatically also be affected by the increase.

[legendbtc]

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

Bitcoin is now down but it does not mean that oy will not bounce back, the bull run is not yet finished so it is expected that btc will turn back to bull, and we don't need to be panic because being panic will not help us earn , if we don't control our emotion we will surely lose, if you invested on some altcoins and now it is down because it is being affected of the bitcoin price that drop them dont be panic because when btc rise the coin will also rise.

In this case, it is no longer a public secret that increases or decreases are something that normally happens in the investment world with fluctuating prices on the market. If there is a downturn, you should not panic as you mentioned above, panic will make you lose a lot of money there. It's best to provide cold ammunition (money) and continue to accumulate every time a downturn occurs, this is a golden opportunity for us to get a cheaper price than before. Yes, of course, if Bitcoin experiences a fairly rapid increase, alt coins will automatically also be affected by the increase.

Even in the case of no more money to continue accumulating every time a downturn occurs, we just need to sit still and do nothing. As long as we haven't sold our bitcoins we won't lose money, the downturn is temporary and it will always recover from it, just remember that 1BTC=1BTC.

But I think if someone is investing in altcoins, they should be careful and reevaluate their portfolio, because not all altcoins will recover if bitcoin recovers. Investing in altcoins can bring better profits than bitcoin but will also have more risk, we should be aware of that and have a more reasonable investment plan.

[CCMS]

The cycle continues actually. Cypto market may become boring now. New events can definitely grab attention though.