Bitcoin Faces Potential Dip Before Year-End Rise
- Crypto analyst Trader Mayne suggests Bitcoin may target a $98,000 liquidity level in early October.
- Mayne outlines two scenarios for Bitcoin’s price action, including a potential deeper correction.
- He emphasizes the importance of the four-hour chart to determine trade synchronization with daily trends.
- The analyst views any early-October weakness as a buying opportunity for Q4 gains.
Trader Mayne anticipates a possible dip in Bitcoin‘s price, targeting an uncollected $98,000 liquidity level before resuming its uptrend by year-end. He identifies the four-hour chart as crucial for aligning trades with broader market movements and sees potential early-October weakness as a strategic buying opportunity.
Mayne’s analysis suggests that despite short-term volatility, Bitcoin remains poised for higher prices in Q4, reinforcing the buy-the-dip strategy amid current market conditions. Source
