Here Are the Most Realistic Price Ranges for BTC for the Rest of this Month and July
And revisiting the accuracy of my June BTC Price Analysis
Just a week ago, right here on this platform, this is exactly what I wrote would manifest in terms of BTC prices in June:
“With BTC prices at $28k now, I believe there will be a fierce battle between the longs and shorts next month. If BTC prices move above $30k then it could certainly move to $32k to $38k by the end of June. However, since BTC prices have been struggling ever since hitting $30k, if they move below $25k, then they certainly could sell off strongly in June as well. Again, I don’t care whatsoever what Technical Analysis says about BTC prices for June. Other metrics that I look at behind the scenes inform me that a battle is shaping up in June for BTC prices and right now, uncertainty is the prevailing sentiment in which way BTC prices will move in June. However, I do believe that we will see some strong price movements in June, whether up or down.”
Since I predicted last month the return of greater volatility in BTC prices in June, we have already witnessed wild one-day swings downward of 6.2% in price early this month immediately followed by wild one-day swings higher of 6.7% the very next day. Then, on the next day, this was followed by another lesser swing lower to bring it to its current price of $26,641 as I type this sentence om 9 June 2023 (and still at a price of $26,232 as I schedule this for release on 13 June). And again, technical analysis did not enable me to predict the fierce battle that was shaping up at the end of May that would yield “strong price movements in June, whether up or down.” Other metrics I use to analyze short-term BTC price behavior clued me in to the likelihood of very strong price movements that happening this month, just as last month I alerted all paying members at the very start of May that gold and silver mining stock prices were about to be slammed, thus leading to my divesment guidance that enabled us to re-position ourselves in precious metal mining stocks after prices moved 10% to 15% lower in price.
I’ve revisited the metrics that enabled me to know strong price movements in BTC were going to manifest this month in June, so what do they tell me now?
Coming later this week: Part II of my Nuclear Energy series. For non-paying subscribers, I guarantee that this series will be among the most informative series of articles you have ever read about the truth of nuclear energy, the risk of proliferation from GenIV nuclear reactors, the true costs of nuclear energy (which are MUCH lower than the costs being propagated by the pro-war, anti-cheap energy Military Industrial Complex), and the true investment opportunity in this sector. I also guarantee that without understanding the truth about nuclear energy (which is impossible if you only read and listen to mainstream media), you will make the wrong decision about the real potential of investment opportunities in this sector.
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