The Crypto Weather Forecast is my daily take on the crypto market, sometimes serious, sometimes sarcastic, often with a wink, andΒ Always Honest.
So after eight consecutive Red Weekly candles, we should finally get a green one.
Why?
Because even a bear market ainΒ΄t bleeding all the time. And based on what I found doing my research I am still convinced that over the next 4-6 weeks we should see a clear upwards trend to 34-38K BTC.
Now again, donΒ΄t get too happy about that, unless you are looking for a chance to sell.
Why?
Because Crypto Winter is Coming, based on that same research al the surging weΒ΄ll do in June will melt away in July.
Overall July is when BBTC and therefore the whole crypto market hits a, or maybe even the, bottom.
A little light in that tunnel that doesnΒ΄t seem to end is that the data also shows the trend starts picking up in August.
Even in 2018, only not as much as in other years.
As I see some, well frankly quite a bit of similarity with 2022 I expect the trend to be quite similar over the next couple of months.
Both years can be considered the year of the bear in my book, and both should be the year that the 4-year cycle hits the bottom before the new cycle starts picking up.
Now even in 2018, we saw a little bump upwards in June, before a drop to the bottom, a little bounce in Aug, and then a long flat line till November. And that dear reader is exactly what I think will be in store for us in 2022.
So put on your thermal underwear just to be prepared, as summer 2022 will feel like winter.
Have a lovely day and hope to see you tomorrow.
