Liquid Capital founder says: Bitcoin bottom in July-August, target $43k-$51k



Someone else is drawing a door again.

Liquid Capital founder JackYi published an article with a clear view: July-August may be the final bottom for Bitcoin, and also the most valuable buying opportunity in the next three years. Based on wave theory and historical cycles, he believes the current decline is the third decline since last October, and may be the last major decline.

According to his calculation, a 60% retracement from the $126k high corresponds to $51k; a 66% retracement corresponds to $43k.

Does this claim make sense? From a technical perspective, BTC has now fallen to around 59,000, nearly halved from the $126k high. If it drops further to $51k or even $43k, that means another 13%-27% downside—sounds scary, but in the crypto market, a single wick can get there.

That said, predicting the bottom is something where ten people will give eleven answers. Whether it's $43k or $51k, these are extrapolations based on specific models, not guarantees that the market will go there.

What's truly worth noting is the time window he gives—July-August. If this judgment holds, the next month or so might be the final washout phase. Survive it, and the opportunity outweighs the risk.

Stay patient, keep your bullets ready, and let the market give the answer.$BTC
#BTC下探60000美元关键关口
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ForkItAnyway
· 06-29 05:12
The time window of July to August is quite interesting, aligning with expectations of a Fed rate cut and the release of Mt.Gox selling pressure, but the range of 43k-51k... if it really gets there, I'm afraid I'll have no bullets left to buy more.
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