Quote from: magneto on June 27, 2018, 08:53:21 PM

Why do you think that there will be a bull rally for July/August? That's what I don't get.

I agree with you on the fact that we may be seeing a lower bottom soon, though. I honestly don't think it's due to any seasonal changes if it does happen, but rather, it's due to the fact that $6.7k support was already broken and doesn't seem likely that it'll hold up for a prolonged period of time.

I'm still quite bearish right now, and I think that there is still room for BTC to move downwards. But I do think that if prices crash under $6k which I think it will partly due to panic sellers, it's a good time to start accumulating.

Im not saying a bull rally, i'm saying a small pump from its lowest point. Because july/august are positive months according to 50 year average stock market pattern. Bitcoin pattern is close to stock pattern.