BitcoinLong
Bitcoin Bull Run Setup
- Bitcoin has been chopping in a range for 3 months now where we saw this Bitcoin Volatility slaughtering alts to the base
- Bitcoin is quite near to closing its monthly candle close now and it will be very important to see how Bitcoin closes its August candle
- September will make the end of the 3rd quarter and the start of the first FED rate cut too.
- Rate cut reaction from global markets and all asset classes except crypto was quite impulsive and bullish but we saw crypto moving down more due to some FUD or the other
- Now before the US elections I am expecting Crypto to rally hard, especially in October we can expect the whole market to outperform and especially some cryptos to breach ALL TIME HIGHS
- I am anticipating Bitcoin above 75,000$ in the month of October so if you are already holding Bitcoin its better you hold it
- If you are planning to add BTC to your spot wallet then add 50% size here 62-64k and the rest 50% below 58k
- Bitcoin is quite near to closing its monthly candle close now and it will be very important to see how Bitcoin closes its August candle
- September will make the end of the 3rd quarter and the start of the first FED rate cut too.
- Rate cut reaction from global markets and all asset classes except crypto was quite impulsive and bullish but we saw crypto moving down more due to some FUD or the other
- Now before the US elections I am expecting Crypto to rally hard, especially in October we can expect the whole market to outperform and especially some cryptos to breach ALL TIME HIGHS
- I am anticipating Bitcoin above 75,000$ in the month of October so if you are already holding Bitcoin its better you hold it
- If you are planning to add BTC to your spot wallet then add 50% size here 62-64k and the rest 50% below 58k
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