Bitcoin continues its sideways movement as analysts find hope in a historic pattern.
Seasoned analysts notice that in the last 4 years Bitcoin has bottomed in June.
Traders expect massive gains for crypto holders if Bitcoin does indeed bottom this month.
A new sentiment takes over the members of the crypto community. While Bitcoin price continues its sideways movement, seasoned crypto traders find hope in historic BTC charts. In every crypto bull cycle, June has been a significant month to witness the BTC bottom, traders expect that history is once again repeating itself.
#BITCOIN BOTTOM IN JUNE ? In the last 4 years, BTC has made a bottom in June. In 2020, BTC bottomed on June 28 at $9,013 In 2021, BTC bottomed on June 22 at $29,500. In 2022, BTC made a local bottom on June 19th at $19,000. In 2023, BTC bottomed on June 15 at… pic.twitter.com/GAJ3wORoHt
— Ash Crypto (@Ashcryptoreal) June 22, 2024
As we can see from the post above, one popular crypto trader draws light to this historic pattern. He marks how in the last 4 years BTC price has always bottomed in the month of June. He then goes on to highlight the price over the last 4 June months.
Specifically, he says BTC bottomed at $9,013 on June 28, 202, $29,500 on June 22, 2021, $19,000 on June 19, 2022, and $24,000 on June 15, 2023. He then says if history is truly repeating itself then BTC will bottom this month if it hasn’t already.
More excitingly, he adds that if BTC does bottom this June then it will consolidate for a few weeks until it goes on to break its previously set ATH. Now, once Bitcoin breaks this ATH, the asset will go forth to march on towards its $100,000 goal as many crypto analysts expect.
The golden summer is closePatience is the only friend you haveSoon all doubters will be silenced foreverWait for Q3 & Q4, massive firework awaits you
— Doctor Profit (@DrProfitCrypto) June 22, 2024
Meanwhile, other analysts expect Bitcoin price to go higher than $100,000 as the crypto bull cycle continues next year. One such trader is the silver-tongued analyst Doctor Profit, known for his accurate predictions. For now Doctor Profit reminds the crypto community once again to hold strong despite the brutal price corrections and altcoin dips of the previous weeks.
He says doubters will be silenced forever when the golden summer arrives bringing with it the altseason and new ATHs for many crypto assets including Bitcoin. According to him, the crypto market will see massive fireworks in Q3 and Q4 of 2024.
Read Also
Altseason 2021 Has Come: Bitcoin Dominance Down to 44%
VET Chart Sets Bullish Targets in Time for the Real Altseason
Axie Infinity Conducts Lunacian Summer Breeding Event
Binance Set to Usher Altseason Following Rapid Listing of Low and Mid Cap Altcoins, Which Will Explore First?
Historic Golden Cross Signals Bull Run Ahead of Bitcoin ETF Verdict
The post Bitcoin’s Golden Summer Approaches, Historic June Bottom Sets the Stage for Explosive Gains, Altseason Ahead appeared first on Crypto News Land.