There is no particular signs about this month July that avails optimism that bitcoin price could go up $80k within the month to be realistic but been an unsure market about where the direction could weaver in the next days or weeks we just have to stay optimistic that the price might touch there and if it doesn't then, it's wont won't below $55k however it dips. I still hold an optimist view about the price of bitcoin soaring even above the 80k price before the year ends. It's less than five months and a lot of our expectations could still occur.
it just needs the doubtful situation caused by mt.gox come to pass and we can finally back on track to see the bullrun again, I think $100k is still possible let alone $80k since the big guys like blackrock are still buying bitcoin and accumulating it but the fear among the retailer is at all time high for this year so it's understandable that many people choose to dip. so i think the whales are trying to make the price lower to anticipate mt gox so that not much capital of the market escapes the market.
we see bitcoin ETF is a huge success, i don't believe that BTC will just back to bearish again like this. this sudden price correction is to eliminate future hassle that could hold buying pressure in the future, since it affect perpetual trader the most.
soon the market will bounce again.