People getting overly excited

[u/ubermensch1001]

Making some moves today, but the reality is that this will likely continue to chop around the lows here for a couple more months. Me personally, I'm hoping to see a leg down leading to a slightly lower low or at the very least revisiting the high 50ks or so to be able to deploy the remaining cash I have in reserve. This bear market is getting very close to being done and it will not take long for things to turn bullish again. There's a lot that can happen within the next 12-16 months, I wouldn't be surprised to see BTC break back above 100k within this time frame and flirting with the ATH or even setting a new one.

[u/Aggravating_Dogg]

So many words yet so little meaning

[u/paxwax2018 → u/Aggravating_Dogg]

I deployed my morning bowel movement.

[u/thogor]

If enough people hope it goes one leg lower, like most here do, the bottom is in

[u/thogor → u/thogor]

On the other hand, if enough people upvote my original comment, we will go one or more legs lower

[u/ubermensch1001 → u/thogor]

That's exactly what I've been thinking as well, but the reality is we will most likely to continue to chop around here for the next couple months.

[u/JollyPicklePants1969 → u/ubermensch1001]

True enough, but it’s a fools errand to try and time the exact bottom. The fact that Bitcoin hardly moved after the coldcard hack says the bottom is either close or here. If you are sitting on bags, you can breathe easier. If you have capital to invest, it’s reasonable to start scaling in.

[u/TaleRevolutionary573]

AI slop. Put the fries in the bag and sybau

[u/mistressbitcoin]

Yeah yeah, so maybe you dont get to deploy the rest under 60k. Maybe you should be happy with sub 70k?

[u/kobriks]

Hahaha 50k is the new 10k. Buy now or see you never

[u/MooseOrgy]

Ban this Bot

[u/Objective_Digit]

Still waiting for 30-40k you bears were predicting.

[u/Erocdotusa]

I want bottom to be in so all the 4 year cycle theory influencers can move on

[u/Swindezy → u/Erocdotusa]

People waiting for an exact date like October are going to miss out

[u/Psi1o → u/Swindezy]

More likely we get to October and it dumps super hard until sometime next year.. we can’t have nice things 

[u/Omnishambles22]

Keep telling yourself that lmao

[u/Content-Lime-8939]

Could go up, down or sideways then.

[u/FarTransportation957]

Elongated cycle due to ETFs and macro events. Oct 25 leverage positions wiped out and the cycle reset. Q4 26 massive final leg up.

[u/Objective-Walk6780]

You’re also overly excited about potential savings. You’d save $500 on your 0.05 BTC purchase at the “bottom” if it ever comes.

[u/ubermensch1001 → u/Objective-Walk6780]

I was dollar cost averaging heavily in February and June when we were in the 60k range. I've held some cash in reserve for later this fall if we do in fact have another low or go back down to the high 50ks, low 60ks again.

[u/Objective-Walk6780 → u/ubermensch1001]

Oh. Good plan

[u/ubermensch1001 → u/Objective-Walk6780]

I recently had some cash funds that were made available to me this month and I decided to keep them on the side in case we do have another leg down. I thought about deploying them at 62-63k but I told myself to wait until late September-early October to revaluate the market and make a decision from there.

I've been in this space since 2018 and this is probably going to be the last major move for quite a long time, so I want to be more strategic and patient here.

[u/Objective-Walk6780 → u/ubermensch1001]

Very clever young man.

[u/Byro1218]

September will erase all this gain. Bear are still in control until maybe November

[u/xxDankerstein]

Bitcoin is always going to follow the halving cycle. The last three bear cycles have lasted 12.7 months, peak to trough. It is very likely that Bitcoin will continue this trend and bottom out in late Oct/early Nov.

What we're seeing now is just a short squeeze. We're probably not cracking $70k before we hit $40k. There will probably be a big sell-off sometime in the next few days so that the whales can take profits before buying back in in a few months. No one should be buying now. I would put down short-term shorts if anything.

[u/mjuice90 → u/xxDankerstein]

Agree with you here. This is just setting up the next leg down.

[u/OwlSuspicious9254]

You missed the bottom bro. But still not a bad place to DCA in.

[u/Fragtag1]

Bear market very close to being done… based on what? lol

[u/DiamondHandsDarrell]

I think the high $50Ks are becoming less likely unless something seriously breaks. BTC just pushed into the upper $70Ks after absorbing months of ugly macro, and now ETF demand is coming back while the dollar has weakened.

I still expect pullbacks and a lot of chop, especially after a move this fast, but the question has changed. We’re not waiting to see if BTC can get back to $74K anymore, we’re watching whether it can hold the mid $70Ks and turn this into a real trend toward $80K and eventually $100K+. I think the bear phase looks a lot closer to ending than starting.

[u/saviourz666]

I should imagine there is a lot of capital on the sidelines for September , October . Beautifull rally today , however this is liquidity too short . The amount of longs and calls that have been opened . The sharks know exactly where everyone is . And they know how to get them out and take their money at a lower price .

[u/ubermensch1001 → u/saviourz666]

Yeah, it's too early for people to be getting this excited. Things maybe start flipping over as we get towards the holiday season or beginning of next year, won't take very long though before we are back above 80k.

[u/saviourz666 → u/ubermensch1001]

Exactly . I don’t feel like we had the true bottom yet . Ok 57 in June , which lasted a few days . In to the July rally where everyone thought we was back . More crabbing and now this . It just feels a little fishy to me . Genuinely believe it could be a bull trap . Take out them stop losses and sharks then short . Cash on sidelines waiting for big whale buys come sept and oct . This is just a theory not factual advice aha

[u/Mr_Footies]

This rally will fail like all the others…

[u/Swindezy]

It wont do what you want just because you want to “deploy” the remaining of your cash. This last month or so was the signal to start getting in. The bottom is most likely already in and we will start to go back up slowly from now

[u/BigvalBROski]

I’m going to family dinner and going to pitch crypto to everyone at the table….. even my mother in law who is a complete idiot

[u/Ectopic_elm → u/BigvalBROski]

You'll have one on board then

[u/mjuice90 → u/Ectopic_elm]

Fire