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Ran Neuner, founder of Crypto Banter, highlights that June has historically been the second worst-performing month for BTC.
He observes that Bitcoin’s seasonal weakness poses a challenge for bullish traders and questions which price levels are critical to determine whether BTC will end the month higher or lower.
Neuner has recently commented on other notable crypto market events. He reported that Michael Saylor sold bitcoin to capture a tax loss, selling at a loss and then repurchasing coins. In a separate note, Neuner flagged confusion in Ethereum as institutions bought ETH while key developers departed.