March 29, 2024

Bottom not reached! Bitcoin and Ethereum forecast for July-August 2022 with exact goals and scenarios

After the enchanting fall of cryptocurrencies in May-June 2022, Bitcoin froze around $19,000, and Ethereum traded slightlyabove $1000 and many crypto investors are tenseexhaled. However, I believe that the bottom has not yet been reached and we are waiting for at least one more global sale in July-August 2022, and I will tell you below where the target levels are.

 Bottom not reached! Bitcoin and Ethereum forecast for July-August 2022 with exact goals and scenarios
Bitcoin and Ethereum chart as of July 3, 2022

After reaching $18,500, what am I talking about?warned subscribers of his telegram channel in advance, the further scenario was that Bitcoin would receive an impulse to temporarily restore its positions and return to the $25,000 area with the possibility of reaching $29,000.

However, the dominoes are falling too fast.In a couple of months, many crypto projects have shrunk and closed, so the negative background plays into the hands of the bears. And we should consider the bearish forecast as the main one. Many understand that the crypto will fall, but what is much more important is to what levels it can sink. I try to name specific numbers in my materials. So it will be this time.

In my opinion, as a result of a strong sale,which will be accompanied by massive margin calls and slippages, Bitcoin can reach $9500, and Ethereum $600 and even $286. After 90% of crypto investors completely lose their funds on this fall, Bitcoin and Ethereum (and other cryptocurrencies) will begin to recover and may well return to $20,000 and $1,000, respectively.

This is exactly how everything happens in the markets, believe me, I know what I'm talking about.

 Bottom not reached! Bitcoin and Ethereum forecast for July-August 2022 with exact goals and scenarios
Possible scenario for Bitcoin and Ethereum in July-August 2022

My message is not to pushyou to some specific decision in this situation. Practice shows that most traders and investors simply do not have a plan "B" and are not ready for alternative scenarios, so when something like this happens, they panic and do stupid things. But if you think about everything in advance and develop a decision-making algorithm, then you can save your savings and investments by acting meaningfully.

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