With a rebound starting from $15,000, BTC reached $70,400 in July 2024, setting an ATH, but after the ATH, it tortured the market by dropping to $49,000. Then it went back up to $69,000, exhausting the market with attempts to reach ATH for a long time. If you remember, the 69K-73K range was tested 4-5 times but could not be surpassed. Although BTC made ATHs, it could not remain in the upper region and has entered sharp corrections many times. Because in the past, when BTC made ATH, it didn't like to go back. Knowing this, hundreds of thousands of margin investors immediately opened long positions, and they manipulated the market's perception to clean them out... The 69K-73K range was not surpassed for a long time, and after the accumulation in the 59K-65K range, Bitcoin broke through resistances this time and experienced a sharp rise to 109K. So what happened again? A sharp drop from 109K to 74K. Just like the drop from 70,000$ to 49K... And again, it went to 110K and made an ATH but pulled back again. Just like back then, we are observing a Bitcoin lingering in certain areas like 104K-108K. Similar movements to that period... We are stuck horizontally in a certain area... This time, if we can maintain above the 112K region, we can expect a further 40% rise. In other words, we have an expectation of movement to the 146K-152K region. Perhaps, if they feel like it, it could even go up to 160K... In this rise, I think ETH and the altcoins will follow BTC, and initially, I envision ETH dropping to $7200 and BTC DOM falling to the 53s... I believe the summer months won't be boring... There could be some movement until the end of July... There are only a few days left until beautiful days....
Show original
1.52K
167.85K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.