Yi Li Hua: July and August are the best times to buy the dip, and this time will be Bitcoin's final major drop
BlockBeats News, June 29th, Liquid Capital (formerly LD Capital) founder Li Huayi stated, "Currently, we are experiencing the third wave of decline since 1011. According to wave theory and cyclical patterns, this might be Bitcoin's final major drop."
Most concerning is the bottom price to which Bitcoin will drop this time. The main factors are the U.S. stock market and MicroStrategy. It is unknown whether the Federal Reserve's concern about CPI will trigger changes in interest rate expectations, leading to a continued pullback in the U.S. stock market. Secondly, in the late stage of past bear markets, unexpected events or black swans often occur, but such an event has not yet appeared this time, requiring close observation.
Based on Bitcoin's peak price of $126,000, a 60% drop would be around $51,000, and a 66% drop would be around $43,000. In any case, July and August should be the final period and the best time to buy the dip, possibly the most worthwhile opportunity for the next three years."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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