Next entries if it keeps rising 67,300-68,300-69,300… and if it rises more, I’ll add more; this is going to fall to new lows, you’ll see 🙂. Stay patient if you’re short and preferably with a liquidation price above 76k so you can sleep well.
These are my 2 possible scenarios, but both will end in a drop…
A) Starting from the current point, it drops to clean the 62,000–61,000 area, then bounces, makes a higher high. I estimate 69,000–72,000 in that range and then it ends by dropping again to new lows.
B) It doesn’t drop to clean the above-mentioned area and keeps rising to make a new higher high in the 69k–72k zone, and then the drop to new lows comes afterward.
(A more aggressive move could push the rise up to 74k.)
Currently we’ve already had a 54% drop from 126k. Historically, in all bear markets, the minimum recorded drop is 77%…
Personally, I don’t buy it that the bottom is already in. I’m still expecting a drop of at least 60% from its all-time high, and that would put BTC at $50k…
But don’t get too comfortable, because if this keeps getting worse, a stronger drop could come. Imagine a BTC retracement of 70% from its all-time high—it would put it at $38,000.
Another closed month, it wasn’t how I expected, but the important thing in this game is to end in the green, winning is winning, and now I have to be patient for the next opportunities, good vibes to everyone 🍀🤝
I get out before it rebounds and leaves me stuck again. I think a rebound is coming to the 68k-72k zone in early August, and then it will turn around again… I hope I’m not wrong, so for now I’m out and waiting to see if it happens 🦦
I hope it drops again, this apparently suits it falling 😅, the joke is to keep clawing at the market in other things while I free myself from Bitcoin because I’m still stuck 😅