Quote from: Bitwave01 on July 01, 2024, 10:41:48 PM

This move confirms that the market makers were trying to shake people out prior to this pump. It also confirms that a local bottom has been formed at around 60k which implies that buying around that price should be low risk as downside might be limited for the short term.

As a result of this, I can definitely see a big possibility of BTC going to 75k+ but as I mentioned, regardless of how confident we are about price targets and no matter what, it is always important to manage risk and have enough room to buy potential dips because anything is still possible at this point.

It is good to see Bitcoin having reverse movement of the manipulation. I always had an instinct that the dip would last for long, and this actually confirms it. Getting to $75k is possible and most analysts have made there predictions that Bitcoin will get to $100k at the next bull, though I'm not quite sure if this is possible but Bitcoin has potential in making $100k considering the previous bull and how rapid it got to where it is today. Even if Bitcoin do not get to $100k, there is no need to panic because we already have DCA as a major strategy to employ. I understand during the dip one can become more aggressive than ever in other to make more profit.