Phyrex|Aug 21, 2026 19:08
Yesterday, I didn’t anticipate bitcoin:native would rise to $73,000, and today I didn’t expect Bitcoin to hit $79,000. But among my friends, there are two very extreme reactions to this surge. Some of my more traditional friends have almost completely sold off all the Bitcoin or IBIT they recently bought. They’re not very optimistic about this rebound, thinking it’s about as high as it’ll go before a deeper correction happens.
Even selling at a loss is seen as a way to free up funds to buy more during the pullback. I can understand this perspective. On the other hand, there’s a group of quant and crypto-native traders who believe this is the start of a bull market. They’re convinced that Bitcoin’s rise is a long-overdue breakout and think it could at least return to around $90,000.
As for me, I’m a relatively conservative investor. I’ve always said that my ideal price—the one I’d be willing to spend real money on—is Bitcoin below $65,000. So I’ve been trading back and forth with dual-currency strategies. At most, I’d consider buying BTC around $70,000, but if it goes higher, I wouldn’t rush to buy. My biggest hope for 2026 isn’t about now, but rather after the midterm elections.
Personally, I think the best time to enter the market would be around October, and to exit in December or January next year. That’s my current thought process. Looking at the current U.S. stock market situation, I don’t think BTC can decouple and see explosive growth. While it’s possible that the previous drop was too steep, I don’t think this is just a catch-up rally. That’s why I’m considering hedging around $77,000 recently.
@Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFD, prediction markets—all-in-one trading platform.
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