Post
Topic
Board Speculation
Re: Is June a Downturn for the Crypto Market?
by
Zaguru12
on 16/06/2024, 21:20:30 UTC
If so, December 2024 will be the peak of the increase. This only refers to my experience when following the previous BTC price journey and all coins also rose and reached a new ATH again after a few months when the market was slammed again.

Just as they say history do repeat itself but I say not all the time, the last quarter of every halving year are mostly bullish (green) and December is always at the peak of it until the start of a new year. Tho current halving is more like taking different trends than we use to have and could break the last quarter jinx by been bearish.

But if we go by the momentum on the current trend which has been way two bullish with only the month of may closing on a bearish momentum, which is mostly unusual because some of the months before halving months are usually bearish but not this period. I am though optimistic about a bullish momentum Base on the fundamentals like the reduction of inflation base on CPI data. With also the ETF hype it should be a bullish momentum