BTC is going to do something interesting...

1 thg 8

BTC update

As I mentioned, the 63.8k level is very important, and we are currently at this point. We should either bounce from here or stay around this level for a few days before rallying to 72k.

The high of July 1st (63.8k) is crucial to hold. If we trade below it for several days, we may see a deeper pullback, which I am not expecting. A prolonged dip below 63.8k could be the first sign that we are heading towards a new macro low (below 53k), potentially leading to a bear market for the rest of the year. In that case, the next significant opportunity might not come until 2025.

For now, I am holding everything tightly. This is a consolidation phase, not a bear market, although altcoins might take a hit due to BTC dominance being very bullish. Only strong coins are likely to move with BTC.