Bitcoin’s 20% June crash looks even deadlier on the charts. Here’s why
Bitcoin dropped by 20% in June, but the monthly chart reveals something far more concerning.
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Summary
- Bitcoin fell about 20% in June to below $60,000, marking its worst monthly performance since June 2022.
- The June monthly candle shows overwhelming bearish dominance, a rare occurrence on monthly charts and a strong warning of further losses ahead.
- The appearance of this candlestick pattern on the monthly chart signals decisively bearish sentiment, consistent with recent analysts’ predictions of a deeper slide and an eventual bottom in the $48,000 to $55,000 range.
