Post
Topic
Board Speculation
Re: Is June a Downturn for the Crypto Market?
by
stompix
on 14/06/2024, 20:40:56 UTC
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.

But if you look at the same table you will see that previously we had a 3 consecutive red month in May, yet we went green this year, so....
I've never changed my opinion that past data is meaningless on a small sample, and the more we add on top of those early years the more the randomness increases, plus we have events that will not repeat in the future or will not do it in the same month, like covid or the war in Ukraine or things that are definitely one time events like ETF approvals.

I think that to date Bitcoin has already broken all the patterns, including the no ATH before a cycle, no going below the previous ATH, no double ATH in a cycle, and a hundred more, it's about time we let go of the past and put more of an accent on what is expected in future.