The reality is people love simple shit. It makes things “easy” to understand and when people feel like they understand it makes them feel good. “Bitcoin has always been down in mid term years during X, Y and Z months so expect the same, don’t overcomplicate it” “Bitcoin always has its major run after the halving, every 4 years, don’t overcomplicate it” “Bitcoins last cycle was X days, so the fact we topped after X days this time too means the cycle is over, don’t overcomplicate it” “Sell in may and go away, don’t overcomplicate it” “Bitcoin always performs poorly in Q2, so expect a dip in X month, don’t overcomplicate it” The reality is markets are anything but simple and often quite complicated and nuanced- but if you try explaining this to the average person it’s going to confuse them and/or make them feel in over their heads- you won’t resonate with many except for those that actually employ critical thinking and have the ability (and will) to try and understand the nuance. A global market like this has 1000 factors affecting it every day- the month of the year we are in is likely not going to be the primary determinant as to whether the market is “up” or “down”. Yes there may be some things that happen during specific months of the year that *might* have *some* effect on global markets consistently, year after year, but this is often impossible to quantify and it ignores the reality which is that at any given time there are a 100 other factors also at play, many of which probably have a more measurable effect on these markets than the time of year that it is. Markets are complicated but trying to explain this to the masses doesn’t get views and engagement- so many find success in oversimplifying it. This is also why you often see those global market news channel segments on TV where the host is drawing a simple trend line (with the occasional head and shoulders thrown in) on their charts to demonstrate why they expect price to go up or down - because they know if they try to explain liquidity, order flow, open interest and leverage it’s going to go over their audiences’ heads and they will lose them. So instead, you get “August is typically a bad month for Bitcoin, expect a big drop” and when we coincidentally do have a bearish August (because of some totally unrelated reason) people think that there is now some truth to this idea that Bitcoin doesn’t like the month of August and so the oversimplified logic being used becomes something the average person latches on to even more. Yes, it’s important to sometimes try and “keep things simple” but there is a difference between that and oversimplifying things in what is a very complicated and nuanced world.(CrediBULL Crypto)