📅 08.06.2026 · Bitcoin: Dubious Speculation · 👁️ 3
"To dubiously speculate, my guess is that Bitcoin will form a low in June. It is too early, unfortunately, to know definitively if the low is in. I would say you have at least a point for the bulls that they were able to close back above the 200E moving average. So that's at least something. And if Bitcoin can hold the 200E moving average for the next couple of weeks, then I think that would significantly increase the odds of a counter trend rally into July, maybe back up to the bare market resistance band."
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Login…So, I mean that that could be how it plays out too is that you get like this, you know, you Bitcoin struggles in June and then early July you sell off and be like, "Oh, well, no, so much for the July July rally." And then you get the rally later in July kind of going into the late July, early August time frame. So, to dubiously speculate, my guess is that Bitcoin will form a low in June. It is too early, unfortunately, to know definitively if the low is in. I would say you have at least a point for the bulls that they were able to close back above the 200E moving average. So that's at least something. And if Bitcoin can hold the 200E moving average for the next couple of weeks, then I think that would significantly increase the odds of a counter trend rally into July, maybe back up to the bare market resistance band. Um, but it's too early in June to know honestly, you know, if that has to be the low or not, or if you get sort of like another drop down in 2022. we actually did drop below the 200E moving average and it actually happened in the in the in mid June, right? It happened in mid June. Um, and this is a good example of like if the low is in here, like…