Bitcoin’s 20% June crash looks even deadlier on the charts. Here’s why

60-second summary

Bitcoin's 20% June crash appears even deadlier on the charts, with the monthly candlestick forming a bearish engulfing pattern, a sign of a strong reversal. This pattern is confirmed by the Relative Strength Index (RSI) plummeting below 30, indicating extreme oversold conditions. The market implication is a potential continuation of the downtrend.