Hello guys! August 1st is coming and most of you are confused and do not know what to do nor what to expect, but I am here to help.
First of all, I'd like to tell you to buckle up and expect extreme volatility. Do not forget to set up your stop limits; especially before going to bed. Trust me, you wouldn't like waking up to a bad surprise. Then there are huge bitcoin buy orders in multiple exchange platforms around the 2500 USDT mark. If bitcoin goes below that price point btc can drop significantly. Keep in mind that there are massive buy walls around the 1800 USDT mark and if it ever does drop to that point it will bounce back fast! I don't think bitcoin can drop below that price point. Last but not least, king bitcoin is expected to be worth more than its all time high soon. This will definitely have a short-term effect on the altcoins price in the bitcoin's market. They might not loose in dollar value, but they can loose in bitcoin value.
To make a long story short, If bitcoin drops below 2500 USDT expect the altcoins to drop significantly too. Also, always have some bitcoins ready for sales days. Failure is not an option. Let's get that money!
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