We just had our highest monthly and weekly close since May 2022. The difference, back then we are moving down in fear and now we are moving up in greed.

A bit late, but the monthly close of June was solid despite all the SEC shenanigans of declaring basically all of Crypto a security and filing in lawsuits against the two biggest Crypto exchanges. That was not all for that month as we were crabbing at pretty low levels and many were starting to question whether we actually are out of the bear market yet, just then the be financial against rolled in and took advantage of low prices and a cleared market field thanks to the SEC.

After so much tumult, we happened to still close at $30.5k, which is the highest monthly and weekly close we had since May 2022. Back then were in the eye of the LUNA collapse and were basically in a complete free-fall situation. It is funny how the sentiment now and the is the complete opposite. Back then we had peak-fear while currently we are going back to the levels of euphoria and greed.

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Bitcoin Monthly Chart

All of this just happens to show that the most unbelievable things will happen in Crypto. Just when you think we are so done, you will know that we are so back too. All of this and we still have about under a year left to the next Bitcoin Halving and until then it will be hell of a ride with the gazillion SEC lawsuits and Regulatory shitshow.

So strap in and be cautious, next destination: Bitcoin Halving 2024.