Josh remains strongly bullish on Bitcoin and the broader crypto market heading into July. According to him, nothing in the current charts looks bearish, despite potential macro risks like geopolitical tensions, tariffs, or dollar fluctuations.
Key Points:
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No signs of major sell-offs: There was a recent large BTC movement, but Josh doesn’t see it as bearish. He thinks it’s likely an old miner moving coins, not preparing to sell.
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ETF flows remain strong: Record demand for IBIT and other Bitcoin ETFs shows new buyers are coming in. According to Josh, this is critical for price continuation.
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Cycle timing: Based on previous cycles, we may have around 100–150 days left in this bull run. Historical indicators don’t show signs of topping yet.
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Price action looks healthy: Bitcoin is above key levels like the 20-week moving average and Ichimoku cloud. Even though there's a bearish TK cross on some timeframes, price structure suggests upward continuation.
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Indicators are mostly neutral: Metrics like MVRV, Pi Cycle Top, two-year moving average multiplier, and miner revenue suggest the market is not overheated.
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Funding remains low or flat: There's no sign of over-leveraged long positions, which supports a healthy uptrend.
Outlook and Targets:
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Josh sees potential for Bitcoin to hit $150K, followed by a pullback to $100K later in the year.
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He favors spot positions with light leverage, using trailing stop-losses.
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Meme coins like Whiff, Mog, Bonk, and Pepe are his high-risk, high-reward plays. He considers them top picks if BTC breaks out.
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For altcoins, he’s watching ETH (target $4,000) and Solana (target $300) as top breakout candidates.
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He warns against buying weak charts like Curve or other underperformers.
Final Thought:
Josh admits it’s a bit scary how strong and clean the charts look. He urges viewers to be positioned in case the breakout happens fast and doesn’t give a second chance.
