Bitcoin’s July Bottom Sparks Analyst Prediction: Major Rally Imminent
Bitcoin's July slump might just be the setup for its next explosive move upward—at least according to one prominent analyst who's calling for a significant price surge.
Reading the Charts
The analyst points to historical patterns where Bitcoin found a firm bottom in July, often preceding substantial bullish runs. Past cycles suggest that such consolidation phases can fuel powerful breakouts.
Timing the Bounce
If history holds, the current market structure could mirror previous rallies where patience paid off handsomely for those who held through the turbulence. Of course, in crypto, past performance is about as reliable as a banker's promise—but the odds seem tempting.
Looking Ahead
Keep an eye on key resistance levels; breaking through them might just confirm the analyst's optimistic outlook. Whether this prediction holds water or joins the graveyard of overhyped forecasts remains to be seen, but for now, the bulls are charging.
While some traders are still waiting for another dip later this month, he believes the window has already closed. If the pattern holds, Q4 could ignite a new bullish leg sooner than many expect.
The mania phase still lies ahead
In a second update, Merlijn stressed that the “final bitcoin mania” has yet to unfold. Every cycle, he explained, looks like it has peaked before the real parabolic blow-off phase begins. With over a decade of historical data showing the same tendency, he cautions against assuming the top is in.
His long-term chart, tracking Bitcoin’s trajectory within a buy-and-sell channel, suggests the market is still climbing toward the red “sell zone” that typically coincides with the euphoric end of each cycle. “Sell here?” he asked. “You’ll regret it when the chart goes vertical.”
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If Merlijn’s outlook proves correct, the recent consolidation NEAR $110,000 may be less of a ceiling and more of a launchpad. The implication: patient holders could be rewarded, while short-term skeptics risk being caught off guard by a sudden surge.
