BIT: Bitcoin May Face a Key Turning Point in June

Foresight News reported that BIT tweeted, “Bitcoin has fallen 16% since the start of the year and is currently entering a historically weak seasonal window. Over the past decade, Bitcoin’s average return in June has been only +0.7%, and the summer months are usually marked by consolidation and volatility. However, this year’s trend may not fully follow historical patterns. May is typically one of Bitcoin’s stronger months, but this year’s gains were significantly below the historical average, increasing the likelihood of a seasonal reversal. Meanwhile, several major catalysts are approaching, including a US-regulated crypto perpetual futures product and the Nasdaq CME crypto index futures scheduled for launch on June 8. Despite continued seasonal pressure, from a tactical perspective, Bitcoin may be nearing a short-term bottom. If these catalysts bring new buying support, Bitcoin could see a rebound.”