Bitcoin is making some exciting moves to the upside, and if you’re wondering what’s causing the momentum — you’re not alone. After scouring the internet for news, I couldn’t find one specific event pumping Bitcoin right now. So instead, I want to break down why I believe Bitcoin is moving, why this moment matters, and what strategies I’m using in this market.
Grab a coffee, relax (it is Saturday after all), and remember — this isn’t financial advice. I’m just a guy sharing my thoughts from a room.
Bitcoin’s Recent Price Action
Jumping into the charts, Bitcoin is sitting at around $83,300, showing a clear short-term uptrend on the daily chart after a rough downturn. During the recent decline, we saw a few bounces:
- A 21% bounce
- Followed by a 15% bounce
- Then a further 16% drop
- And now, this 12% move upwards
While it’s encouraging, this 12% rally is still within the normal volatility we’ve seen throughout the downtrend. To confirm a real reversal, I’m watching the critical $85,000 level. Breaking and holding above it could flip previous resistance into support — a very bullish signal.
Interestingly, Bitcoin’s recent move coincided with a green day across the U.S. stock markets — the S&P 500, NASDAQ, and Dow Jones all closed higher. As discussed previously, I saw the downturn as a prime opportunity for dollar-cost averaging (DCA), not panic selling.
And guess what? That DCA strategy is starting to look pretty good.
Staying Patient Through the Uncertainty
I started buying Bitcoin at around $82,000 and added positions in the S&P 500, NASDAQ, and global indices after about a 10–13% drop. Some positions are in slight profit, others are near break-even — but that’s not the point. I’m happy to wait years if needed.
The key is staying unemotional. No one knows exactly where the bottom is. Anyone telling you they do is either guessing or naive. My approach is simple:
- Dollar-cost average into assets I believe in
- Avoid stress about short-term price moves
- Stick to my plan, no matter what the market says
Looking at the chart, this recent low lines up nicely with the highs from early 2022, suggesting this could be a significant bounce point. If not? I’ll keep accumulating.
Profit Opportunities and Risk Management
I also opened trades in XRP, SUI, and Bitcoin. So far:
- Bitcoin trade: $8,000 profit
- Total across all three: $12,000 profit
How did I do it? Buying when others were panicking.
When the internet screamed crypto is dead and stocks are going to zero, I took the opposite side. It’s a strategy that works for me: buying spot for long-term holds and using low-leverage trades for short-term opportunities.
Importantly, I never sell my spot bags. Instead, I take profits from leverage trades. That way, I grow my capital without sacrificing my long-term positions.
If you’re in a similar trade right now, taking profits and moving your stop-loss to break-even could be a smart move. Always expect the unexpected — whether it’s a sudden political announcement or a market shock.
What the Whales and Data Are Saying
One thing is clear: Whales are buying Bitcoin aggressively. Every dip has been met with huge buying activity.
Also, keep an eye on major institutions. Larry Fink from BlackRock recently warned of greater inflation ahead — the same institutions that shouted doom at the lows. Historically, when fear peaks, it often marks the best buying opportunities.
Other key data:
- Crypto Fear & Greed Index: Still in fear territory
- Liquidation Maps: Shorts still dominate, meaning a strong move higher could trigger massive liquidations
- Moon Phases (a fun addition): After every “bear moon,” we often see a bull moon rally follow soon after!
If Bitcoin jumps to around $93,000, it could trigger $8 billion worth of short liquidations. While not guaranteed, the setup is there.
Final Thoughts: Prepare for Anything
We’re at one of the most uncertain times the market has ever seen. Predicting short-term moves is harder than ever.
Risk management is essential:
- Set stop losses
- Only invest what you’re willing to hold for 6 months, 1 year, or even 10 years
- Focus on projects and assets you truly believe in
That’s my game plan — and if Bitcoin continues upward from here, our trades and long-term investments could start to really shine.
No matter where the market goes next, patience and discipline will win.
If you’re interested in learning more about the strategies I’m using, check out the Crypto Strategy School linked below. Also, for those looking to trade, BTCC is offering a bonus of up to $10,000 for new users (check their terms carefully).
Until next time — stay smart, stay safe, and remember: the real gains come to those who don’t panic.
[Disclaimer: This content is for informational purposes only and is not financial advice.]