Do you think September will be the month we will see another bull run in the crypto market the way we had last year?
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The truth is nobody knows when the crypto market bull run will continue.
All we have is just speculations, mine yours and thiers.
My speculation: Fundamentally, for couple of months there have been both positive and negative news hitting Bitcoin from different angle, with one of the latest which was negative ( ETF Rejection). With the mixed news, at best we are to speculate a continuous range bound until more positive news brings us to the moon.
Technically, the market is printing a similar price action pattern that started a bullish move in the year 2014.
Bitcoin had a clean and effortless bullish move to $1200 and retraced back to $200 support with a 1 2 3.... 8 triangle like pattern(as shown in the picture above) before heading back to the $1200 point.
We are currently experiencing the same kind of move. Price moved effortlessly to the $20000 region, retraced back with the exact same move ( well not exactly 100%,"but you get the idea") to the $6000 region.
Personally, i believe the bear are losing the war and the bull are fastening their seat belt for the bull run. It may be Sept, Oct or later this year, the market has a way of showing off and we just can't enforce time on it.
The bull run is close, that is the best i can do.
...Hope this helps...
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