Today, we’ll show additional factors for prevalent selling that occurred in April and Might. After bitcoin’s powerful rally to start the year, sustained by worry of quick inflation, some big financiers grew concerned about widespread speculation in the almost-anything-goes market and a downturn in international money supply growth. In fact, some cost chart indicators were already recommending that bitcoin was overvalued. By June, BTC had stabilized at around $30,000, and think what happened then? Traders purchased the dip.