Post
Topic
Board Speculation
Re: Short term trend of Bitcoin currently
by
Dave1
on 01/07/2024, 10:55:11 UTC
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.

And we went as high as $63k the last time I check, so yes, it's a sideway patterns and I don't think that it could be a bearish as what this analyst is seeing. That's why we should not be hearing thoughts from this so called expert, because there's a lot of them.

So as far as July goes, this could be a good sign that we might start at $63k and maybe in the next coming weeks or at least for this month of July we might be back $70k again and that could be a good indication that the imminent bull run is about to come.