🚨 Bitcoin’s 20% June Crash Looks Even Worse on the Charts..📈
Bitcoin dropped 20% in June, closing under $60,000 — its worst monthly performance since June 2022.
What’s more concerning for bulls is the monthly candlestick: a solid red candle with virtually no wicks.
Why this is bearish:
No wicks = almost no fighting between buyers and sellers.
Bears dominated the entire month with uninterrupted selling pressure.
This kind of clean bearish candle often signals that downside momentum could continue in the coming weeks.
$BTC remains in a tough technical spot.
What’s your outlook for July? More pain or a rebound?
#BTC #Bitcoin
Bitcoin dropped 20% in June, closing under $60,000 — its worst monthly performance since June 2022.
What’s more concerning for bulls is the monthly candlestick: a solid red candle with virtually no wicks.
Why this is bearish:
No wicks = almost no fighting between buyers and sellers.
Bears dominated the entire month with uninterrupted selling pressure.
This kind of clean bearish candle often signals that downside momentum could continue in the coming weeks.
$BTC remains in a tough technical spot.
What’s your outlook for July? More pain or a rebound?
#BTC #Bitcoin