BTC > NEXT LOW POINT IN JUNE
Could be a lower low or a higher low
Here's the scoop:
1 - Historically:
Every time the price hits the 200-day moving average in mid-term years, it then drops 30% in June, marking a new low by mid-June.
Right now, the price has been rejected by the 200-day moving average and is starting to dip (following the same pattern as 2018 and 2022).
2 - On June 17:
We've got a Fed meeting with the new chair, Kevin Warsh, who's a lot more bearish than bullish.
Why? Uncertainty, the market doesn’t know what he’s planning, and there definitely won’t be any rate cuts.
3 - More importantly:
On June 14-15, the next monetary policy meeting of the Bank of Japan (BOJ) will take place, and they’re looking to hike rates. If they do, the market will likely tank (historically speaking).
4 - SpaceX, OpenAI, and other IPOs:
It’s currently IPO season, and cash will definitely flow into those IPOs, decreasing interest in crypto, especially Bitcoin.
So, be ready to have some cash on hand to scoop up some BTC in June.
$BTC $ETH $SOL #CreatorpadVN #btc
Could be a lower low or a higher low
Here's the scoop:
1 - Historically:
Every time the price hits the 200-day moving average in mid-term years, it then drops 30% in June, marking a new low by mid-June.
Right now, the price has been rejected by the 200-day moving average and is starting to dip (following the same pattern as 2018 and 2022).
2 - On June 17:
We've got a Fed meeting with the new chair, Kevin Warsh, who's a lot more bearish than bullish.
Why? Uncertainty, the market doesn’t know what he’s planning, and there definitely won’t be any rate cuts.
3 - More importantly:
On June 14-15, the next monetary policy meeting of the Bank of Japan (BOJ) will take place, and they’re looking to hike rates. If they do, the market will likely tank (historically speaking).
4 - SpaceX, OpenAI, and other IPOs:
It’s currently IPO season, and cash will definitely flow into those IPOs, decreasing interest in crypto, especially Bitcoin.
So, be ready to have some cash on hand to scoop up some BTC in June.
$BTC $ETH $SOL #CreatorpadVN #btc