Bitcoin is currently trading at around 78,000 at the time of writing this article, and I expect the price to go down to 71k - 72k in the short term. Why? As we can see on the chart, there are many reasons why Bitcoin should go down. The first reason is that whales (banks, institutions) still didn't sweep liquidity below the April 2025 swing low. This is a huge point of interest because a lot of retail traders have their stop losses exactly below this swing low. The second reason is that the price should touch the falling wedge's downward-sloping trendline.
I think this is a pretty good opportunity to buy/long Bitcoin at these levels because also the RSI indicator is starting to be oversold. I think we should definitely see a temporary rise to 83k - 84k before eventually going lower. It depends on the falling wedge pattern - will bulls be strong enough to break out of this pattern? We will see, but right now, we want to buy this strong support of 72k!
This is my plan for the next weeks. Right now I expect a drop, but soon we should see a pretty strong rebound. If you watch my previous ideas and you are my follower, you probably know that Bitcoin will go down even lower this year, probably below 60k! So, I am not recommending buying any altcoins whatsoever. We may see some interesting gains in the short term, but in the mid-term altcoins are still bearish. A good opportunity to buy altcoins would be in October 2026, but we still need more data to confirm this bias.
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!#StrategyBTCPurchase #AISocialNetworkMoltbook #USCryptoMarketStructureBill #BinanceBitcoinSAFUFund
