Bitcoin Set to Record Its Worst June Performance Since 2022, Analysts Predict Rebound in October
Bitcoin Heads for Worst June Performance Since 2022 Bear Market
Bitcoin is on track to record its weakest June performance since 2022, the year that marked the lowest point of the previous crypto bear market.
According to CoinGecko data, Bitcoin is currently trading at $63,781, up 1.21% in the past 24 hours and 5.01% over the last seven days. Despite the short-term recovery, Bitcoin’s monthly performance still looks weak for bullish investors.
Seasonal Trends Put Pressure on Bitcoin
Seasonal market patterns have become a key focus for traders this month. Crypto analyst Daan Crypto Trades said that July, August, and September are usually slower months for the market.
Lower market liquidity during the summer period has historically reduced volatility, meaning major price moves often do not happen until October.
The October outlook is also important because of Bitcoin’s four-year market cycle. According to Daan, that period could mark the end of the current bearish phase based on this cycle model.
Bitcoin’s 24-hour trading volume currently stands at around $24.28 billion, showing moderate market activity but no strong breakout momentum yet.
The crypto market remains stuck in a sideways range as June continues, with no major catalyst strong enough to push prices sharply in either direction.
Historically, summer months often bring choppy and uncertain market conditions. This pattern could keep Bitcoin trading within its current range in the short term, while traders remain cautious about taking large positions.
Traders Watch $65,000 and $66,800 Levels Closely
Bitcoin price action near resistance levels attracted attention over the weekend.
Analyst Lennaert Snyder said Bitcoin briefly moved above its recent range before facing rejection. The move triggered short liquidations, but there was no major selling pressure afterward.
Snyder identified $65,000 as the next important level for bearish traders, while $66,800 is another key zone currently being monitored.
Both levels require further confirmation before traders enter positions. For bullish setups, the $61,000 to $62,000 area remains an important support zone.
Lower support levels are also being watched for possible rebounds. However, Snyder said his overall outlook remains bearish, in line with seasonal market weakness.
Meanwhile, analyst Astronomer Zero believes Bitcoin could form a potential bottom near $60,000 on the higher timeframe.
He said this outlook remains valid even though BTC is still trading above that level, as the broader market structure has not shown any major trend change yet.
