Korean stock market crash, US stock market decline, a pullback in the gold and silver market, and football-related funds flowing back—these funds need somewhere to go. The end of the four-year Bitcoin cycle bear market is just about to arrive. Is it coincidence or inevitability? It’s both. Funds will look for value bargains, and Bitcoin will most likely absorb these funds.
So the next steps will be: when there’s a pullback, add to your position; if it dips slightly, buy a little; if it drops further, buy more. I won’t short at the end of a bear market. Will Bitcoin still fall? Of course it will. The most likely path ahead is: a bullish green day in July, an attempt higher in August followed by a decline—watch 6.8 on the upside and 5.8 on the downside. In September, expect a downward “needle” move, likely in the range of 5.3 to 5.5. Everyone is waiting for October’s widely recognized bear-market bottom. So I guess October will see a surge that won’t give retail investors a chance. After that, it will be consolidation drifting upward, kicking off a bull market.
So the next steps will be: when there’s a pullback, add to your position; if it dips slightly, buy a little; if it drops further, buy more. I won’t short at the end of a bear market. Will Bitcoin still fall? Of course it will. The most likely path ahead is: a bullish green day in July, an attempt higher in August followed by a decline—watch 6.8 on the upside and 5.8 on the downside. In September, expect a downward “needle” move, likely in the range of 5.3 to 5.5. Everyone is waiting for October’s widely recognized bear-market bottom. So I guess October will see a surge that won’t give retail investors a chance. After that, it will be consolidation drifting upward, kicking off a bull market.