Quote from: Assiduous on Today at 06:47:12 AM

Currently, Bitcoin's short-term trend remains bearish. It has yet to confirm any bullish trend reversal. Crypto analyst Josh said in his latest analysis that Bitcoin is still showing a short-term bearish signal. He also said Bitcoin has seen a repeat of past price movements.Analyst Josh checked the Bitcoin chart, he found that the DXY (U.S. Dollar Index) was trending higher, making higher lows and higher highs, indicating a bullish trend for the DXY. Since Bitcoin was around $67,000. When DXY trends upward, it usually means bearish momentum for Bitcoin and vice versa.

I wonder what is the qualification to become an analyst. It is common to see people who claim they are Bitcoin analysts give predictions without valid proof to back this forecast. Sometimes they are fortunate to predict correctly while in most cases it's just fake. I am not a trader, so I don't have any business monitoring short market movement. For me, price drop is an avenue to keep buying through DCA until it gets to my target. There is a general belief among most Bitcoiners that the price might get to $100k by the end of this year or early next year.

Quote from: pooya87 on Today at 05:15:53 PM

Bitcoin trend could have been referred to as bearish while it was dropping down from $70k (which is most of June). But it's been days since we saw a drop. For about 5 days we are seeing ups and downs which makes the current trend sideways (not bullish, not bearish). Basically after reaching $60k, the drops stopped because that is a strong buy support.

During the early days of my Bitcoin journey, I checked the price of Bitcoin daily. It was quite frightening to check it because I was scared of seeing the price go down. These days I don't care much about the daily price because I have a long-term plan.