Quote from: Dave1 on Today at 10:55:11 AM

Quote from: pooya87 on June 29, 2024, 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.

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.

Bitcoin has only shown signs of moving sideways since falling to the $60k area because that is quite a strong support level. Meanwhile, many people predicted that bitcoin would be bearish when bitcoin started to fall from 70k$ to 66k$ and then continued to fall to 60k$, and some people made accurate predictions about the trend of bitcoin. We should not listen to anyone and can make our own predictions but we should not deny that some people have predicted correctly.

Many people were happy when on the first day of July bitcoin suddenly increased to 63k$, but this is not a guaranteed sign that we will have a great July. Optimism is a good thing but it is too early to declare that bitcoin will do well and could return to $70K this month.