Up or down?
Please share your opinion.
I personally thought it might well dip to about 97.5K before the next leg up.
Why do you think?
Well I'll take it that the price is unpredictable at the moment because one minute it's up and the next minute it's down, but looking clearly at the chart it seems like we're experiencing a downward movements on the price but we still believe there's a possibility for positivity. So with this constant change there's more to it why we need to hold and don't panic either.
There is no reason to be panicked by this type of market volatility, because these are short-term fluctuations and they are not permanent. The market potential always has positive potential in the long term, so the most important thing here is not to panic but to be patient, the market naturally goes down a little due to volatility, but after that the market naturally pumps very well. There is always a positive situation, but the volatility will never end, so if you can hold on for the long term, there is no reason to fear any more, because Bitcoin is successful in the long term.
Due to conflict in Middle East things were panicked but now its coming back to normal which is impressive because bitcoin is now touching good momentum and this is going to be had good opportunity for staying in good trend.
In last few days its back on $107K with in July first week this can go on $110K which will be positive move and also increase investors confidence which was shattered due to recent tense issues even volatility is nature of bitcoin but due to recent development now things getting stable.
If in coming days all could be positive then surely investors are going to be enjoyed good rise because now it's heading for ATH which is already predicted and possible I am expecting now this could be touch new highs which will surely increase good confidence.
Your prediction is largely correct but I would have preferred to push Bitcoin to a more positive valuation for the price to rise. On the other hand, there is an attempt to push back into a volatile market and the opportunity to accumulate more regardless of the price.
The war situation and negative effects are not affecting the current market order much but looking at possible future actions, it is better to be aggressive in buying more Bitcoin now before the bullish period comes again. It is undoubtedly assumed that we are on the verge of touching another ATH and Bitcoin aggressive price trend should be in the long term accumulation and should be holding.