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.
do freak out on the moment that they are seeing 3-5% decrease in price on which making up questions on the moment that the market would be having that price decrease without even trying out to realize
that this is really just that like an ordinary day that we do have here on this space. Just put up into our minds that what happened in the past doesnt mean that it would be happening in the future
but doesnt mean that it would really be that irrelevant. We can always make up that comparison and at the moment that we've seen those numbers whether increasing or decreasing then it do really
shows generally that everything could really be that so random and there's no way for us to tell on where it would be heading next.
Why not? It's good to look at some old logs and then we can have our own conclusion. Of course it might not be accurate, but with Bitcoin very young data, at this point we can somewhat deduce what could have been happening in the past could reflect it in the future.
I'm just showing the data though, it could be relevant or irrelevant for some. But I do think that those who love TA could go back to it's historical logs and see and maybe plot their predictions on the same period on the last post halving in 2020.