Is the cryptocurrency market doomed? Where is the bottom? Let me share my thoughts.
Recently, Bitcoin's second dip seems to have broken many people's psychological barriers, and bearish posts are rampant. So what about me?
First of all, there is a saying in the crypto world: when others are greedy, I am fearful; when others are fearful, I am greedy. Bitcoin at 70% off, Ethereum at 50% off, isn’t this a great buying opportunity?
From my observation, many whales are continuously buying. The chips you are cutting losses on have all been bought by them. After some time, when the bull market returns and Bitcoin is at $150,000, they will sell it back to you at a high price.
As for me, I've already prepared myself mentally. Even if it does turn bearish, at most I would be stuck for a year. However, this year is 2025, and the Federal Reserve is expected to cut interest rates three times in the second half of the year. I don't think this year will be a bear market; this is just a short-term drop caused by Trump's trade war.
Let me ask you, after Trump adds these tariffs, will he keep adding tariffs every month? No, tariffs will only be added once! So once he exhausts the negative impact, everything becomes positive. What is there to worry about?
As for Bitcoin's bottom, $78,000 and last year's previous high around $73,000 are the two options. We are now quite close to the bottom, so if you have some spare money, buy a bit. The worst outcome is being stuck for a year, but I believe that in a few months we will see significant gains. What do you think?
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee.See T&Cs.
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