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Bitcoin - Drop to 42k later this year! (Everyone liquidated)
Bitcoin is looking like it wants to drop to 42k in Q3 2026! A few months ago, all moon boys thought that we were going to go to 200K or 500K, but instead we are going down! I remember these moon boys very well, because they were criticizing my ideas and spitting in the comment section on my bearish ideas. Now they are, however, liquidated and forced to go back to work.
Why do I call for 42k? It's a major point of interest for the whales. This is a level where pretty much everyone has their stop losses because it's below the previous wave (4) on the chart. When we take a look at the recent price action again in past months, we see that Bitcoin is pretty much in a free fall mode. There are no major pullbacks to the upside, it's just going down without any uptrends. Altcoins are bleeding as well.
In the short term there is only 1 strong support that is waiting to be hit - 0.618 FIB + 200 weekly MA. I believe we will see a strong bounce from this dynamic support, but I would take profit after a small pump again, because as I told you, we are going to go most likely down to 42k.
When altcoin season? Definitely not any time soon! We can forget about alt season as long as the BTC dominance chart is going up. It's been in an uptrend for many years, and there are no signs of weakness yet.
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! I am very transparent with my trades. Thank you, and I wish you successful trades!
Bitcoin - Drop to 42k later this year! (Everyone liquidated)
Bitcoin is looking like it wants to drop to 42k in Q3 2026! A few months ago, all moon boys thought that we were going to go to 200K or 500K, but instead we are going down! I remember these moon boys very well, because they were criticizing my ideas and spitting in the comment section on my bearish ideas. Now they are, however, liquidated and forced to go back to work.
Why do I call for 42k? It's a major point of interest for the whales. This is a level where pretty much everyone has their stop losses because it's below the previous wave (4) on the chart. When we take a look at the recent price action again in past months, we see that Bitcoin is pretty much in a free fall mode. There are no major pullbacks to the upside, it's just going down without any uptrends. Altcoins are bleeding as well.
In the short term there is only 1 strong support that is waiting to be hit - 0.618 FIB + 200 weekly MA. I believe we will see a strong bounce from this dynamic support, but I would take profit after a small pump again, because as I told you, we are going to go most likely down to 42k.
When altcoin season? Definitely not any time soon! We can forget about alt season as long as the BTC dominance chart is going up. It's been in an uptrend for many years, and there are no signs of weakness yet.
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! I am very transparent with my trades. Thank you, and I wish you successful trades!
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