BITCOIN: MASSIVE CRYPTO DUMP!!!!!!! THIS IS NEXT!?!?!?!? BTC Price Analysis

This Bitcoin and Cryptocurrency trading analysis applies to various exchanges. Tackling questions like if Bitcoin can reach all-time highs again or how low BTC will crash. Things like the lightning network have provided huge improvements for BTC and while it is true that others like Roger Ver with Bitcoin Cash (bcash) may disagree, I do see these blockchain technology innovations to be very bullish fundamental signs for the space.

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Welcome to a new year where we have been 100% correct only within the first 3 days because Bitcoin has now managed to pull off another deviation to the upside with a deadly drop down as well and altcoins have been decimated I mean any fun that you thought these altcoins were

Going to be experiencing over these last few days and weeks is gone and I don’t know exactly why this has happen yet we can definitely take a look at Twitter I am analyzing all of this for the first time with you I literally have not even

Myself at all wow link has fallen below critical support um let’s take a look at our beloved salana still way up but bounced exactly off my support line there is some crazy going on let’s talk about how much lower this can go because to me this is the most bearish

Most destructive sign you can possibly show in the market which is to say that you’ve set some highs deviated above it and then got smacked the back down um you know I mean I mean to me that is generally going to be the sign that we

Did try but uh this is just not the direction for the market right now so the number one thing that this depends on is if we continue to lose important areas of support you know if we stretch these two boxes out a little bit more for me the two important areas of

Support for Bitcoin are going to be this box right here that sits at about 41.8 and this line right here that sits at about 40,700 and the reason I’m saying that is because in anything below this we start entering this kind of like no man’s land again where there’s not actually that

Much trading taking place within these price ranges which means that we could be looking at really big price drops down and by the way no coincidence ladies and gents that we are starting to get some slowing down on the S&P 500 uh you know this is one of the critical

Things we were talking about on every single YouTube channel I’m sorry on every single YouTube video uh look it’s not sexy it’s not fun to talk about I’ll reiterate the same points I’ve told you before I’m not here to shake anybody’s hand get in a circle jerk everyone off to the same price

Predictions I’m here to make cash okay super super straightforward it’s 2024 a brand new beginning we’ve got some really cool offers we’re about to tell you guys about as well for this year uh definitely look out for them uh when I do tell you about them uh you

Know this is not the year of uh blindly following the her because you want to feel a sense of camaraderie with your other crypto idiot Bros uh this is not the place if you actually want to make some money let’s get it ladies and gents but if that’s not you you’re going

To have a really hard time uh because the year has just started the dollar is rallying up we’re seeing everything that we expected to happen uh you know and one of the best ways to actually see this taking place is with that Bitcoin coin dominant starting to shoot back up

This might be temporary right and we might actually see that this is just a beloved pullback on the way back up to really really nice levels but we’ve got that ETF right around the corner and by the way it looks like it’s going to get accepted um you know there is a concept

Of news events being priced into the market which is to say that before the news actually breaks everybody has already traded that move uh and that’s why we were able to get up to levels like 44k it doesn’t mean that’s what we’re seeing but obviously everybody is basically thinking that they’re one step

Ahead of the game by saying that actually this ETF will launch we’ll see a little bit more bull afterward I I don’t really know uh you know why they can be so definite uh about each of these steps uh and then we’ll finally crash you know and by the way my problem

With analysis like that is is is is that you’re simply you’re stacking too many if statements on top of each other like this uh you know thing depends on the thing that came before it which depends on the thing that came before it so your overall probability of being correct

Becomes incredibly slim um you know really really important stuff let’s come back here to the charts uh you know and talk about what these kind of drops could look like uh first of all let’s talk about resistance actually because Bitcoin is bouncing up a little bit uh

If Bitcoin is able to make good use of this uh range then we should be able to get back to the top which would be at about 44,000 and to be honest if we did get back up to the top this wouldn’t be too bad I would probably just continue

To expect more sideways that looks a little bit like this um you know that’s probably where my head would be at if we managed to get back up to the top uh reclaiming this high and actually getting above it getting to $46,000 would be the ultimate sign that we’re

Back and we’re just in an extended phase of manipulation because it happens right this could have been a manipulated move followed by this one followed by the subsequent recovery it wouldn’t be the first time we’ve seen something like that it’s super annoying but I mean that’s just how these markets are

Sometimes so that’s one of the things I’d be looking for um if we did end up falling then uh you know to me it would just open up some really really nice opportunities for the market to finally pull back uh you know for the market to finally find some uh safer healthier

Positions to start a new Rally from that’s essentially my big idea you know I want to remind you guys that I’m still mega long uh I’m way more long than you are uh you know whoever you are saying that I’m being paid by them uh to put

This analysis forward uh I’m way more long than you bro and I’ve been more long for a very long time and uh and I and I still am uh you know I I’m still very much invested on the upside I’ve sold a little bit of spot BTC uh close

To the top as usual you guys know one of the best decisions I’ve ever made in my life was selling my Bitcoin up at 57k I am not the guy that is scared to take profits on a position VIPs know that incredibly well and of course I made

These trades on bybit so go ahead and check it out with that top Link in the description down below you’re also going to get a free $500 salana position on bybit when you sign up using my link down below which is super super cool uh and you’re also going to be getting

Access to two other phenomenal Alternatives which do not require kyc so if for any reason you don’t like buybit you’ve got two other great options Bing X also allows you to trade traditional Finance let’s come back to the market we’ll talk about them in a little bit uh

So for me the Bitcoin floor is going to be really important 42 40.7 if we start dropping below these key levels that’s where I think we start getting in some trouble and we’ve got to start retracing down to lower targets and let’s talk about what those targets could be uh let

Me find a relatively clean chart and one of the first things I like to do is you know just throw a fib Fibonacci on here you know like let’s just take a look at what kind of Fibonacci retracement we’re dealing with from our absolute High to

Our bottom and see if these levels line up with anything that makes sense and we all we’re already seeing uh that this does indeed line up with levels that makes sense we’ve got our 37.9k level here so $38,000 which is exactly where the market was topping out

Already anyway let’s go ahead and make this a nice blue line for now actually we’re going to need a different color what color are we going for guys let’s go for purple um and make it a normal line yeah that’s probably very hard for you to see okay we’re going to stop

Messing around uh back to back to Yellow it we’ll just go back to Yellow so 38k right there on our 382 line uh you know and then our 618 line right here at about 33k so this one’s a little bit too high for me I’m going to go ahead and

Remove the FIB now uh and zoom out and we can start taking a look at what these levels actually line up with and for me the star of the show is going to be this $38,000 level it’s been a key level that we’ve been watching on this YouTube

Channel for a very long time uh It lines up with uh you know an area that definitely makes sense as support in fact Bitcoin used this area as support back in August of 2021 uh which resulted in a 41% rally um up to you know it’s its first you know kind of reversal

Point but really I mean it went much higher than that uh because off this point Bitcoin actually set an alltime pardon me Bitcoin actually set an alltime high so that was 84% up within just 3 months so uh really really important stuff there ladies and gents definitely illustrating to us that this

Is a price level where good things can happen here’s another one right here look at that 28% within 2 weeks right absolutely phenomenal price section here coming off this $38,000 level uh you know so it definitely does make sense as a potential area of support for me now

Below this Orange Box which represents 38k I don’t see much um you you know we could probably mess about and try putting a box over here and justify it and there would be justifications but ultimately for me the next level that comes into play is going to be the next

Orange Box okay so that spans between 31 and 32.5k roughly that is this next box and our 618 FIB level lines up just above it so um you know to me this this also makes a lot of sense uh you know between this box and this box there is nothing

That happens if the price is falling the price Falls all the way right or most of the way or all the way uh but you know it generally doesn’t half asset It generally doesn’t do a half measure with this price range if you break it you’re

Going up to the next one and if you drop it you’re going down to the next one uh and that makes it very predictable that this is another big gap in the market uh you know this Gap is is going to be um fluffy and that it’s not going to be

Exact it’s going to be quite blurry blurry is the right line not fluffy thank you and uh uh you know and and and that that might make it a little bit more difficult to pinpoint entries and exits and so on for trading uh but it is

The best setup that I tend to look for as a Trader it’s some of the most high probability setups it’s the main trading style that I actually use and these are big price ranges right I mean if you’re getting free money from these exchanges to trade whatever you like right like

Coin W will give you free $50 bonus just for signing up not even for making a deposit not you know no kyc required just free money that you can trade with you know these are some really nice opportunities that I’d be looking at deploying capital in uh again the only

Issue being that it’s not super clean to identify levels but if the money is free to trade with then who really cares you know you can uh it’s not going to change your life so uh you know so that’s really cool um you know in terms of

Potential support and if it does fail then I would be looking at this lower range my problem with this lower range is that if we do fail this area then we’re actually probably going to be looking a little bit more like we’re in a um in a serious kind of deviation

Setup and I want to show you what that might actually look like uh it’s the same kind of thing that we’ve already uh spoken a little bit about on this YouTube channel but let’s go back to it here’s the buybit thing by the way check it out with the link in the description

If you’re interested here’s the chart that I actually want to show you guys it was posted inside of forflies gold which is my free telegram channel right here you get more analysis for myself my team around the clock for free uh and we are talking about this chart right here let

Me see if I can open it up in um no I don’t think I can but anyway you kind of get the image um sort of it’s definitely not perfect but the idea is that we come back down to this Orange Box over here that sits at about

32k and uh you know we we just devate below it and and that’s you know that’s one of the things that I actually think would make a lot of sense for this Market it is admittedly way too early to talk about it but the reason I’m bringing this up is because this drop

Came in really quickly uh we don’t need to see quick drops it’s nice but you know we certainly don’t need to uh but if this continues if Bitcoin trades sideways here for a little bit and then continues to drop down uh there’s going to be a serious problem where it could

End up getting very quick and very hairy again you know you will wish that you did your analysis um and your uh mental preparation beforehand uh you know because it could end up coming very very quickly and that also applies like I said to all of the bonuses that these

Platforms are giving you uh some of them take a couple of days so it’s only a couple of days it’s not long but when everything’s burning right in front of you and you know there is a massive minus 7% lightsaber candle that you would love to trade and you don’t have

Money ready to do that uh you’re going to hate yourself I’ve been there it’s not a nice position so uh you know nice big gap here if it fails very very tradable uh you know for these altcoins it it’s it’s just going to get so much

Worse I mean uh you know link already kind of dropped into that Chasm a little bit uh and and you can see what happened I mean you know we lost that final area of support and it just catapulted down another 10% you know which is huge it’s

Absolutely massive it’s it’s lost all of its gains since the the 8th of November uh you know and that’s where a lot of the market is you know a lot of the market has lost a lot of its gains going back a few months now um you know and to

Me that does put this Market in a in an incredibly interesting exciting position uh you know where uh we could actually be looking at uh you know yeah we we we could actually be looking at really really big old plays um in this market relatively

Soon so that is super super cool uh if if we do come back to uh the Bitcoin price chart and look a little bit more at the shortterm midterm this is something I also want to uh take a look at uh you know if Bitcoin is uh something I briefly touched on if

Bitcoin is able to you know kind of trade sideways like this or just otherwise performs weekly over the next little bit for me this is going to be an incredibly strong sign uh it’s just the timing of everything right I mean you know when I’m when I’m interested in

Building a case for my analysis uh I really am building a case and uh and what that means is I’m looking at you know do we have a deviation that shows us we’re way weaker than we think we are yes we have that right now are we at a

Macrop yes we have that did this run probably happen because of one specific news event that may or may not take place yes are we nearly there yes uh you know I mean look there’s always going to be a Nar narrative for why this thing needs to

Continue going up and I would love to believe it just as much as the next guy especially because I’m more long than the next guy uh you know but at the same time being realistic uh makes me uh keeps my hands tight I can’t you know go off in that

Hot air balloon with the rest of you guys uh you know whoever is is thinking like that I’ve got to stay grounded uh you know close to my uh close to my BTC uh and and stay realistic about what’s actually going on here um you know look

To me it’s it’s that really classic setup where you know a bigger drop is coming uh so what I’d be looking for next are more signs that actually confirm that this is what we’re looking at so it’s about kind of reading between the lines is the bounce weak does the

Bounce last a long time um does the bounce uh you know happen and then we kind of recover and stabilize at a low price level or a high price level these are all different ways that you can kind of read the market without you know a breakout actually happening you can just

Start to see look you know we we we had a good opportunity we didn’t we weren’t able to seize it well that’s pretty weak you know that that’s that’s a weak thing to do uh it’s one of the worst things you can do and it’s why we saw such a

Big drop by the way I mean you know you can put this down to whatever manipulation you’ve just read in the news but ultimately we got a breakout and we had really really good uh you know uh follow through right here I mean it just looked so healthy but then we

Fell below the resistance level and then below the next resistance level you know and uh and and to me in fact they were support levels so uh you know to me those are very very uh clear signs that this Market uh you know is not as strong

As we think it is and again it’s just you know like what signs develop over these next few days now uh you know is there a very bullish headline you know something super fun and happy for crypto that just doesn’t get you know doesn’t that that just isn’t met with a lot of

Excitement you know is it that there is a really nice bullish article you know something else about the ETF or Jamie Deon finally changing his mind Diamond whatever don’t know why you guys care how I pronounce his name um you know is it that he changes his mind on crypto

You know like just weird stuff that’s bullish uh and and the market doesn’t respond you know like that would be another sign that actually you know we’re a little bit you know off on the wrong side of things especially to be you know particularly optimistic at this

Stage in the market so uh really really exciting stuff guys here honestly with the altcoin market I mean look at our look at this this is insane from high to low down by 27% within 3 hours that is within three hours I mean um decimation guys absolute

Decimation it’s uh it’s it’s a wonder that salana is not down much more than this to be honest uh some of the biggest losers today definitely at PKA do right here over these last few hours PKA do also down by about 24% to its low uh you

Know I mean this is this is fantastic I mean I can’t think of a better opportunity uh to start looking at trades for the altcoins I mean it’s obviously what I’ve been waiting for for a long time it’s very frustrating that it took so long to come uh you know and

That I was sidelined for more than I would like even though I was already very long I just have incredibly high expectations for myself as a Trader uh you know it was frustrating I won’t lie uh but you know when you finally start getting moves like this this is where

You know some blood gets washed out and you can finally start taking advantage of what’s actually going on in the market so uh to me this is uh the biggest blessing we could have had for the very beginning of the year a little bit of cleansing uh you know a little

Bit of what was very obvious and predictable anyway uh and hopefully some really nice opportunities starting to open up I as usual will be keeping VIP members completely up to date with what we’re looking at stay tuned for that announcement I want to give you guys as

Well uh for something we’ve got upcoming you guys are going to love it it’ll start you off incredibly strong for this year uh if you have enjoyed this video you know what to do hit up the likes subscribe tick the Bell do all that good

Stuff and I will see you all in the next one cheers