Bitcoin (BTCUSD) has started June on a very promising note, recovering most of last week's losses and is potentially headed for a new All Time High (ATH). This however, should be no surprise as BTC has exhibited amazing strength during the month of June and onwards since 2013.
As this chart shows, the market has historically rallied on June, in fact it is the month that kick-started Bitcoin's final rallies towards the Top on its last three Cycles.
Based on the 2W RSI, which is ranging within the 0.236 - 0.618 Fibonacci levels, we can argue that the price action is closer to June 2017 than other Cycles. As to how high it can get to, we've analyzed that on other studies, the current analysis only serves to show you that historically we are set for a strong 'Bullish June Seasonality' effect.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
