When will Bitcoin head back 'to the moon?' Predictions...
We're almost 'there'...that magical place where Bitcoin (BTC) bottoms out for the year, and then heads back up, with little or no interruption, at least for a few week or months before yet another major correction. When will we turn the corner to higher highs and higher lows? Here's what I think...
Please note that the following is not intended to be financial advice! It is merely my own 'prediction' or opinion of the potential price movements in the crypto market, and should be taken as entertainment purposes only. Be sure that you never invest any money that you can't afford to lose, and apply sensible, dollar cost averaging techniques to minimize losses.
Today is Sunday, June 12th, and in my humble opinion, we are "almost there"! That is, this year's lows for crypto, and in particular the big daddy BTC, should hit within the next several days to two weeks. I'm personally looking for lows over the next two weeks to slowly, carefully, dollar cost average into BTC, and the other cryptos that I've outlined in past weeks.
It is very hard for me to pinpoint the low price for BTC, but conservatively speaking, we could see a solid $22k (possibly lower, but these prices could be tough to snag), in about a week to week and a half. This give us all an opportunity to pick up shares throughout much of the remainder of June at deep discounts.
So, expect to see much more of this frustrating 'sideways' action over the next couple of weeks with some dips and fake-outs to the upside. Don't get caught in the FOMO, but instead, be patient, and grab those dips over the next two weeks, avoiding the temptation to go 'all in' too soon.
From July through August (and, even into September a bit), we should see solid gains in almost all of our favorite coins. We could even see BTC hit the $70k-$75k range within that timeframe. However, the fourth quarter of this year could be somewhat bearish in comparison, but there are some major gains for a few coins that I've outlined in previous posts (SUSHI, SAND).
And finally, anyone who takes the time to risk a little this month, should see big gains (10X-100X) through May/June of next year, so patience is key.