2nd September 2024, Wyoming. Bitcoin is preparing something intense for few months, having analyzed various projections, which predict a 12% drop soon. But here’s the kicker: this dip might just be the preparation for the largest 400-day rally. Something that might see Bitcoin reaching even greater levels!
Newcomers are quite scared, while those who have been following it for a while are aware of it. Such dips have often been seen previous to large-scale ramping and this might be one such instance. Only if, the level remains around $25,000, Bitcoin remains or begins a series of higher highs from this price floor.
This potential 400-day rally isn’t based on a little blind optimism either. Experts refer to various technical indicators and on-chain trends. They analyse Bitcoin chart and believe it could be entering a long-term bullish phase. Macro factors could also possibly turn in favour of Bitcoin again in the next few months and therefore the coming months could be decisive.
However, it’s the same story with crypto where you have no for sure certainty of winning. This 12% decline could shake off the weak, but for those who are patient enough to buy the dip, this is the perfect time.
In the world of Bitcoin, it’s often the risk-takers who benefit the most. Check the charts—to start with, this may be the beginning of a great process!
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