HELLO JUNE OF WONDERS!
June isn't obeying anyone's predictions. I see no moon in June, I see no side movement in June. All I see I digging and digging down the well. June want to reach 20k and it is so determined. What will stop it from happening. Indeed, cryptocurrency is unpredictable.
With the beautiful performance of last two months, I really thought bitcoin will do more and hit 30k this month. Bit it seems the dream is dashed.
June isn't obeying anyone's predictions. I see no moon in June, I see no side movement in June. All I see I digging and digging down the well. June want to reach 20k and it is so determined. What will stop it from happening. Indeed, cryptocurrency is unpredictable.
With the beautiful performance of last two months, I really thought bitcoin will do more and hit 30k this month. Bit it seems the dream is dashed.
We can focus on the price with the important developments in June, the current status of the institutions and other details. Major events on the macro front for Bitcoin had a huge impact in June. I would say SEC lawsuits are the most important of them. In the first week of May, we saw the sales of investors who bought billions of dollars of BTC in January. This caused a serious decline in the markets. The decrease in the effectiveness of market makers such as Jump Trading dried up the liquidity at the same time.
As a result we see shallow liquidity and low volatility. It is not possible for the historically low volatility of Bitcoin price to continue in this way. We could see a big price move in both directions soon. I think closings above $27k will push the Bitcoin price above $30k in the short term. The low volatility period can be completed with an upside breakout.