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It is because of this that I believe that Bitcoin market will continue to see buyers, and I think that short-term dips continue to offer buying opportunities. I think that this market could reach the $67,000 level sometime during the month of July, but it seems like markets in general are just choppy and sloppy to say the least. In general, this is a market that I think will continue to be noisy, which will be any different to any other market that I follow at this point.If we do break down below the $57,500 level, the market could really start to fall apart and go looking toward the $52,000 level, where we have seen a lot of noise in the past and now are starting to see the 50-We EMA come into the picture, perhaps offering a bit of technical support. Either way, this is a market that I have no interest in shorting, and I do believe that longer-term traders will continue to jump into the market, but now we are in the midst of trying to consolidate and work off 92% gains in just 6 weeks for short months ago. After all, this is now a Wall Street asset, and therefore volatility will be squashed. I believe that Bitcoin will start to act more or less like an index going forward, so it will have a proclivity to go higher, but it doesn’t necessarily go straight up in the air very often.More By This Author:BTC/USD Forecast: Sees Support Just BelowBTC/USD Forecast: Testing Support BelowDAX Forecast: Volatile Amid Central Bank Uncertainty
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