July and August have been shaky months for Bitcoin, but the price has remained above the white support zone between $58.4k to $60.3k. There have been large wicks down for discounted buy opportunities.

1 Red Month Left in 2024

History suggests that Bitcoin experiences 4 red months during the year of the Bitcoin halving. There were 4 red months in the two previous halving years in 2016 and 2020. I think August is likely to close red, which would mean that Bitcoin has already experienced 3 red months so far in the year. We have Sept, Oct, Nov, and Dec remaining and I believe only one of those months will be red. I think September and December are the two months with the greatest risk of being red. My best guess is more downside in September, and I think we could experience some type of black swan or flash crash. I’m seeing bearish signs and red flags so I’m just warning you all to be careful in Sept.

Bearish September Would Start the Bull Run
If we do see a crash in September I think crypto will finally start to rally with a strong rebound in October that can kickstart the bull run. Similar to last year we can see a strong rally from Oct – Mar for crypto.

Altcoins Likely to Perform Well During Q1
Although Altcoins have been wrecked from the recent price swings, ALTS have historically performed the best during Q1.

Follow me on social media: https://linktr.ee/realchartchamp