Quote from: DeathAngel on July 05, 2024, 08:05:31 PM

Quote from: Bitwave01 on July 04, 2024, 04:58:38 PM

Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

I agree with you, the Fed will likely cut rates in September & that will coincide with the time that all the current selling & downward price pressure will subside. Q4 will be explosive & we will be laughing at all the paper hands who are getting shaken out now.

We will have to wait for that positive news, and for me, this is the biggest news that we all we have been waiting as usually it is a sign that the financial status of the US is improving hence it could give not just crypto but the rest of assets like Stocks and Gold a relieved and for sure there will be a huge impact.

Somewhat we have stay and support like holding at $56,000. So I'm not seeing it going down hard as it looks like the Mt. Gox negative news has been price in and so with that, we might go sideways again from $56,000-$60,000. And yes, bull run is imminent, we just have to wait for it to happen and maybe the last quarter of the year will be the biggest run in 2024.