Bitcoin: Is this the start of a new cycle? How is Bitcoin Cash $BCH $XRP $XLM $SOL doing?
Bitcoin at $22,766 and changing rapidly at the moment. Bitcoin has been at a downward resistance level for about the last week now. Showing some bullish signs as we hit the next level of rejection to come. I am still calling for the downward fall to the $9,000.00 to $12,000.00 range.
Bitcoin is the leader of the pact and the markets price actions are still attached heavily to the price action of Bitcoin. We can expect to see an extremely bullish Alt-Coin Season if this was the true Bitcoin low.
Which to be honest I am saying no, while a lot of others may be saying yes, the bottom is in at $17K level. I doubt we have seen the worse of the bear market. We have all kinds of signals showing that we are going even lower as well as we could possibly go down beyond what anyone expects.
This coming recession could wind up being worse than the "Great Depression." We could see the government use crypto to bail the World out of the recession. That would be something. We all know that the Government after learning how easily they can track transactions on the blockchain are happy to accept Bitcoin and Blockchain technology.
Bitcoin was designed by a so called group of individuals that wanted to separate currency from government control and give power back to anyone that holds the currency. That value alone is what drives the real Bitcoin Family that has now evolved more so into $BCH Family but still a solid bunch people.
Unfortunately now Bitcoin is tainted with war and is becoming a fiat world currency. Once all of the World's economies default an the Financial reset takes place Bitcoin will be that false sense of protection to stay away from government controls without the average population realizing that they just voluntarily gave up the last true bit of freedom they ever had.
BCH Appears to be holding above $120.00 USDT
Bitcoin Cash is holding nicely above $120.00 USDT and looks like it could be gearing up in anticipation of the next major Bitcoin move. Bitcoin Cash is ready to see $75 or battle the $200 barrier.
I would personally like to see the $200 barrier battle over the latter but we all know how the markets tend to play out versus our own expectations. I know a ton of people that have lost a lot of money with Bitcoin Cash buying at the top and holding. I know it was hard for me holding BCH as well as every thing else in my portfolio.
I know the road ahead will be rough and uneven as we go forward but I am looking hopeful in the month of August. A big question on a lot of peoples mind is...
Will The SEC VS RIPPLE be Settled?
The XRP Army is still really bullish considering the rough times we have been through since 2020 with the SEC and all. We are looking forward to breaking above .53 cents amidst August hearing. Realistic price target should be at least $10 to $30 this next Bitcoin Halving Cycle.
I know a lot of people whom are calling for a $10,000.00 XRP it just doesn't seem like it is logically possible at this current moment in time. I am going to be lazy and not calculate what the total market cap would have to be in order to actually sustain that price target, but I am sure it is not even possible at this time.
My Final Thoughts
The tides are more than likely going to turn at any moment to the downside, it just seems like the calm before the major storm brewing that is eventually going to sling shot us into the next cycle.
We will eventually witness the next Bitcoin halving which will be another epic milestone in the history of Bitcoin. The Bitcoin Maxis will be happy as I will be even happier knowing that I prefer Bitcoin Cash which is going to follow in the foot steps of it's predecessor Bitcoin.
However you should always keep in mind that I am not financial advisor. I just simply like to speak it how I see it and hopefully open the door for some engaging conversations/debates.
When looking for financial advise you should probably do a ton of research an find out that no one really knows what the markets are going to do for a fact. The truth is, if they did, they would have already retired instead trying to talk you into spending money for what they have to say which is equal to the value of a grain of sand.
Anyways, thanks for reading!
