Miles Deutsche – Time To BUY The Altcoin Dip? [BITCOIN CRASH OVER?] (15.04.2024 Summary)

Miles Deutsche – Time To BUY The Altcoin Dip? [BITCOIN CRASH OVER?] (15.04.2024 Summary)

It’s been a rough couple of days for Bitcoin and altcoin holders, with prices taking a big hit. But according to Miles, this could actually be a good opportunity to buy the dip.

  • Miles had actually predicted this market crash a few days ago, warning his viewers to be prepared for a potential drop to around $59,000 for Bitcoin. When that happened, a lot of traders got liquidated, leading to a huge sell-off.

  • However, Miles thinks these major liquidation events can actually present great buying opportunities. He’s been slowly deploying his cash reserves to accumulate some altcoins that he believes are poised to bounce back strongly.

  • Miles doesn’t think the Bitcoin dump is necessarily over yet – he says there’s a chance it could revisit that $59,000 level to scoop up more buyers. But overall, he’s optimistic about the market’s long-term potential.

  • The key, according to Miles, is to have a plan and stick to it, rather than letting your emotions drive your decisions. He had said $59,000 sounded “nice” a few days ago, and he’s sticking to that view even as prices hit that level.

  • Miles is particularly eyeing altcoins in sectors like AI and DeFi, which have taken big hits but could see big rebounds. He’s urging viewers to do their own research, build watchlists, and consider gradually deploying capital instead of rushing in.

The bottom line is that Miles sees this market downturn as a prime buying opportunity for patient, disciplined investors. He believes the long-term crypto bull market is far from over, despite the recent volatility.