As of this video we have 8 hours left in the month. If we close near $20k the trend is projecting a significant drop in September. The good news is that this should be the last one.
There is every chance to spend the rest of the year in the red zone, and not just September. If we look at the bear markets after the bullruns of 2013 and 2017, it was in the red for almost the entire year, and especially at the end of the year.
The bearish 2014, in which 8 months out of 12 were red, and the end of the year, was also in the red zone. If we take the bear market of 2018, then there were 9 out of 12 red months, and starting from September, all months were also red.
We are now in a bearish year of 2022 and out of the past 8 months, 5 have been in the red zone. With a high degree of probability, September will be as red as the remaining months of this year.
It really makes me laugh when I read on the forum that people really believe in the new Bitcoin ATH at the end of this year.
