๐จ๐จ Bitcoin on the Brink: $40K Drop Could Ignite Huge Rally! ๐ฅ
๐ Bitcoin Needs 'Low $40,000s' for Prime Bull Market Entry ๐
โก๏ธ๐ Analysts Predict Bitcoin Dip to Low $40Ks for Best Entry Price ๐ฐ
Bitcoiners should stay patient ๐ and wait for Bitcoin's price to drop ๐ to the low $40,000 zone for an optimal bull market entry ๐, according to crypto market analyst Markus Thielen from 10x Research ๐. Thielen's Aug. 7 report ๐ , cited by Cointelegraph ๐ฐ, suggests that a significant rally ๐ could follow if this price point is reached ๐ก.
โก๏ธ๐ค Other Experts Agree: $40K Bitcoin on the Horizon ๐ฎ
Thielen isn't the only one predicting a dip ๐. Timothy Peterson of Cane Island Alternative Advisors sees an equal chance of Bitcoin hitting $40K ๐ or $80K ๐ in the next 60 days ๐. Crypto Rover and David Gokhstein also eye ๐๏ธ the $40K range as a prime buying opportunity ๐.
โก๏ธ๐ Current Market Volatility: HODLing Not Advised ๐ซ
With Bitcoin slipping below the $60,000 support level ๐ง, Thielen advises against a buy-and-hold strategy ๐. He notes that Bitcoin and Ether aren't offering the high risk-reward ratios seen in the US stock market ๐๐.
This article is not financial advice โ ๏ธ. Always conduct your own research ๐
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