Bitcoin currently faces a bearish trend, with critical price levels determining the next directional move. Reclaiming the 84k CME gap and the yearly open at 87.6k remains essential for any potential upside, while failure to hold these barriers signals continued downward pressure toward 74k and 69k. The market is likely to experience further consolidation and retests, with a bottom expected between August and September. A strategic accumulation plan involves scaling into spot positions below 70k, specifically targeting the 60k to 65k range. By avoiding fixed entry points and utilizing dollar-cost averaging, investors can mitigate the risks of being front-run during this extended bear market cycle. A new all-time high is projected within the next 500 to 600 days, marking the transition into the next major growth phase.
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