Bitcoin: BULL MARKET This Year! – One Final CRASH First? (BTC)

Opening Statement 0:00-0:56
ETF Decision Within Days, Everything You Need To Know 0:56-8:10
Correction Before The Halving? 8:10-10:28
ATH In 2024 10:28-13:35
Where Will The Bull Market Top Be? 13:35-15:15
Final Notes & Summary 15:15-15:28
VIP Trading Group 15:28-15:53
The Bitget & Bingx Exchanges, Links In Bio! 15:53-16:27
The Crypto Academy “Become A Trader” Course 16:27-16:52
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LEGAL DISCLAIMER:
It is worth noting that this video, as with all Wolves Of Crypto content, is a representation of my personal opinions on the market and should in no way be considered direct financial advice in any form. I am not responsible for your investment decisions or outcomes, analyse the charts for yourself before proceeding with a trade. This applies to every investment decision in cryptocurrency, stock market and any financial market – including investment decisions directly related to Bitcoin BTC, Ethereum ETH & any other altcoin. This also applies regardless of the wording I use in my context or posts.

Ladies and gentlemen in the first half of this video I will be discussing the ETF decision coming in 3 or 4 days potentially one of the biggest moments in bitcoin’s price history and I’m being serious when I say that but we don’t really know what’s going to happen for

Sure so we’re discussing some of the uh controversies around that some of the separate opinions some of the separate perspectives discussing my opinion on the whole situation and then we’re moving into a very interesting topic in the second half of this video moving into a topic relating to 2024 guys 2024

Is the of the bull market as per the 4year cycle we’ve made it through the long crypto winter there’s much to be looking forward to and it all starts this year we’re discussing price targets when Bitcoin will break alltime High what the market will shape to look like

How do we know when the top is in all these various things as well as the ATF news Big video today broad topics ladies and Gentlemen let’s get into it I’ll start this video guys by giving you an analysis on ETFs on Bitcoin they’re coming very shortly in about 3

To 4 days now and then I’ll move into some of the more interesting stuff right I’ll move into the chances of potential correction where that correction could take us and more specifically into the fouryear cycle when Bitcoin will reach all-time highs CU I believe that Bitcoin will reach all-time highs in 2024 I

Believe that 2024 will be the year that starts the actual cyclical bull market and then finally how we can predict where Bitcoin is going to top right we know when bitcoin’s going to top as per fouryear cycle but we’ll cover that as well but where will Bitcoin top right

That’s what we’re getting into as well we have a formula uh to predict that kind of thing but we also have a more uh I guess vague and a different method way of predicting it which would be the RSI in the monthly chart so that’s interesting as well so let’s start by

Doing a brief analysis on ETF I don’t want to spend too many too much time on it because there’s really not much to discuss Bitcoin right now is in a pretty pretty neutral position uh from a TA perspective or medium term yes it’s still in an upwards Trend it’s been in

An upwards trend for a very long period of time in fact the amount of time that Bitcoin has been in up its trend is quite you know mindboggling really I mean it’s been four straight months of uptrend uh four straight months of consecutive higher lows and consecutive

Higher highs you don’t see this kind of thing very often in fact you don’t see it very often at all uh you know I did a community post and we’ll go see it right now my Community page right here on YouTube uh just about it could have been

About a week ago now as you can see uh 13 days ago it has now been 3 232 days since Bitcoin has seen a 25% plus draw down the last time Bitcoin went this long without a draw down of 25% or more was 2011 so that gives you an idea of

Just how uh exacerbated how OV exaggerated this upwards trend has become and the only justification for that the only explanation for that is ETFs right ETF narrative has driven Bitcoin to the upside massively and every single move to downside we’ve seen has been bought upwards no one is

Willing to sell into these downside moves uh just about 3 days ago 4 days ago we saw a massive flush to a downside as you can see on the candle I just circled that happened within basically 2 hours we went downwards massively about 4,000 USD but all that really did was

Reset the funding rates and actually put Bitcoin in a decent position to keep hovering in this price level so that wasn’t bearish at all really uh so you know we’re in a situation here where the TA is is not only neutral but it’s also useless we’re in an upwards Trend that’s

Lasted so long that it’s kind of impossible to determine when it’s going to end we just have to kind of wait for it to end uh but we know for a fact that Bitcoin is now over it’s over pushed to the upside it’s exhausted it’s seen pattern of

Exhaustion for very long periods of time it’s seen RSI Divergence for very long periods of time it’s seen volume descending in the upward trend for very long periods of time you know we know all of this Bitcoin is in a a pattern of exhaustion it’s not looking particularly

Strong from a TA perspective but at the end of the day it doesn’t really matter what the TA looks like because we have the ETF decision the deadline uh that has pumped Bitcoin so high and the ETF deadline itself coming in 3 or 4 days that is what’s going to drive the price

Action not the ta uh so it’s kind of a situation in which we don’t really care too much about what the short and medium term charts look like we just have to understand what’s going on with ETFs now there are rumors going around for example Matrix Port is is uh a company

That’s out there saying that the ETF is going to be declined there’s a couple more of them saying the ETF is going to be declined but for the most part people are in general consensus that ETFs are going to be approved now I’m not going to sit here and a predict what’s going

To happen with ETFs I think it’s probably more like more likely they are approved based on the evidence B Bas on Black Rock for example never really seeing any rejections on applications they’ve only seen one historical rejection on applications out of like 500 we’ve got uh ETF spot ETF

Advertisements coming out from various companies here we’ve got grayscale winning a lawsuit against the SEC for declining the ETF in the past so there’s various things you can look at to say okay look ETFs are probably more likely than not and and I will agree with that

I think they are very much more likely than not but the fact of the matter is there’s no definitive proof for any buyas we don’t actually know whether the ETF is going to be approved or not I think it’s very likely uh but I’m not going to sit here and say I’m certain

Because I’m not at the end of the day I don’t have the knowledge to be certain and no one does it’s just guess work to a certain extent and furthermore not only do we not know what’s going to happen uh we also know that you know

When the ETF is approved or denied we don’t know what’s going to happen then either now look I I’ll tell you this if the ETF has declined bitcoin’s tanking I mean there’s no way there’s no way around that if the ETF has declined Bitcoin is tanking I think everyone can

Agree with that because this entire move to the upside has been filled with millions of buyers right who are relying on ETFs being uh being approved and if they’re not approved Bitcoin is going to tank the whole Market’s going to tank very very quickly in fact I would expect it to be

One of the biggest drops I’ve ever seen I I mean that seriously I expect if we decline the ETFs that would be one of the biggest drops Bitcoin ever sees but on the more likely chance that it’s approved even then we don’t really know what’s going to happen I mean let’s be

Honest we don’t really know what’s going to happen right if they’re approved it very well could be a sver news event it could be because if you think about how exacerbated this move has been to the upside for this period of time very long period of time without a 25% on W

Correction the upper Trend haven’t hasn’t broken once we’ve seen no significant correction throughout the entirety of this upwards Trend we’ve gone upwards 86% in the price action no correction whatsoever you know who’s to say the ETFs aren’t priced in who you know like and if you say they aren’t

Priced in what is your evidence for saying that nothing it’s just guesswork so the ETF decision if it’s declined it will tank and if it’s approved we don’t really know what’s going to happen it could pump could tank we don’t know so there’s not really much you can do as a

Uh a YouTuber like myself in terms of giving people insight about ETFs we just kind of have to wait to see what happens but I want to make people very aware if the ETF is approved that does not that does not guarantee a pump to the upside

Not at all right so I want to make sure people know that because a lot of people will lose a lot of money if all they think is okay approve means good approve means good for the price they because obviously approval is more likely so that could incline people to put massive

Amounts of money into Bitcoin preemptively not actually understanding the full circumstance just because the ETF uh might be approved or very well could be or you know it’s very likely to be approved that doesn’t mean Bitcoin is certain to go upwards it’s not really how it works okay pricing is a very real

Real thing and this very well could be the case right now the ETF very well could be priced in but I don’t want to spend too much more time on it we’ve got the final deadline in 3 or 4 days so it’s coming very soon keep an eye out uh

And obviously it’s quite likely will see a chain reaction of approvals I I don’t think the SEC will uh you know prove them all individually I think it will be more of a bulk event you know they will prove a bunch at once that’s my personal speculation again not much evidence of

That but it just seems more convenient in my opinion it seems more likely so get ready for massive volatility uh over the next few days as these ETF decisions draw nearer it really is going to be an insane period of the market you can see even in the last three daily candles

Here just the price action just absolutely slowing down to a halt in these last three C daily candles people have already made their moves right people have already gotten in if they want to get in they’ve already already gotten out if they want to get out now

It’s just a waiting game we’re literally counting down here it’s a Time Bomb until we see an explosion or a crash there’s no in between there I don’t think so that’s the first part of the video the ETF decisions what’s next next we’re moving into something that’s still related to ETFs it’s the

Correction possibility if we do see a correction on bitcoin uh what could that look like well first and foremost right we have to understand where Bitcoin is it’s in a range between 38.5k and 48k that’s the range right now now I’ve always said and I will continue to say

We could very well go to 48k before reject downwards but I see a rejection from that level as quite likely uh I see a rejection from any level here is quite likely I think that we will see a correction before the harving I do believe that now again ETFs complicate

Exactly where it’s going to be at where it’s going to stem from but I do believe that Bitcoin can’t continue this up with Trend forever and I do believe we’re running up a bit too soon here I don’t think the bull market has actually begun yet uh I believe it starts after the

Harving and so I believe we need to see a correction before the harving especially given how strong this upwards trend has been without a correction uh so where where could that Cor Direction uh go you know where going to take us well as we know and as I’ve just

Explained it’s very hard to actually give you price points because we don’t know what’s going to happen with ETFs after the ETF we’ll be able to understand a bit better but I can give you RSI price points because I know that in the previous two cycles which obviously Bitcoin acts cyclically so if

We point to the same part of the previous two cycles which is basically 2015 2016 and 2019 2020 that’s the same period of time that we’re in now we can look at the trends of what happened there and appli them to the current date and we have RSI ascending support lines

On the weekly chart uh and basically the correction that we saw pre harving on both occurrences was took us down below this RSI line below this RSI support line we’ve got the same RSI support line stemming from back here in June 2022 and we’re very high above it right now if we

Do see a correction I would be looking to Target this RSI weekly chart line and potentially even dropping below it like we did in the previous two cycles but at least targeting that line for a bottom of that correction this is something we’ll keep a close eye on I recommend

You do that as as well so now we’ve discussed what could happen with ETFs we’ve discussed what what a correction could look like before the harving but I also want to make something very clear cuz I perhaps have given you a bit too much uh pessimism here right I’m not

Sitting here and saying that uh you know the ETF will damage the cycal structure at all in any way whether it go too high or go too low I don’t think the ETF means much cyclically for Bitcoin I actually don’t I believe that the cycal theory will stand true regardless of

Whether the ETF is declined or approved I believe that Bitcoin will be reaching an all-time high in 2024 regardless of what happens with the atfs and specifically I believe that Bitcoin will be reaching an all-time high not only in 2024 but probably towards the end the

Second half of 2024 right that is what I believe and that is what I believed based on this trend here now we have a developing trend on bitcoin it’s not concrete yet but it is developing where we have a a pattern of 1,100 days between the cyclical all-time high and

The break of that all-time high after the bare Market that happened in 2016 it happened in 2019 if that happens again that will bring us to a Bitcoin alltime high around December or November 2024 but obviously since it’s a loose Trend we have to give room for error could be

You know 50 days this way 50 days that way uh and so we’re just going to stay a little bit uh more conservative here and say Q4 2024 let’s just say that Q4 2024 we’re likely to see an all-time high on Bitcoin in uh and that’s actually not

Only likely as per this developing trend now this developing Trend alone wouldn’t mean much but since it’s based on the fouryear cycle which is a larger Trend it does mean quite a bit but it also means a lot because we’re following it quite nicely right if we look at where

The price is right now we look at where the deadline is over here we’re on track pretty nicely see correction go upwards break it cool good it looks pretty good to me and I’ve always said since 2022 I’ll continue to say it now that I believe the Bitcoin will see a break of

Its 70k 69k alltime high in the end of 2024 towards the end of 2024 uh give all take you know 50 days basically I’ve always said that so I’m still uh predicting that we’re still on track for that on bitcoin we’re still very well on track for that on bitcoin uh again

Hopefully the ETF doesn’t do too much damage to the Cal structure I don’t necessarily think it will uh but we’ll see but yes 2024 uh obviously we have the Haring in 2024 and if we look at the previous Haring we had a Haring back here in I believe July 2016 we had a

Haring back here in May 2020 we had a Haring we have a Haring on April 2024 we had a Haring over here uh I believe somewhere around June or July 202 2012 you can see that the bull markets really only start after the harving you know that’s when the bull market start it’s

Like yeah we can run up we can go upwards in price before the harving like we did on every single occasion like we’re doing right now but the actual bull market that only actually starts after the harving and so I believe that not only will 2024 be a bull market year

But as well as 2025 but I also believe this will be the year we break alltime highs so I think that we’re getting a very caught up in this short-term ETF narrative and I I think it is very meaningful and very impactful but we have to remember the cical theory as

Well we can’t be thinking like people have thought in every single cycle in the past that something’s going to trigger a super cycle or this time’s different when there’s no evidence to suggest that at all if we break alltime highs next week cool okay maybe we can

Start saying maybe this time looks a little bit different but even then there’s not much out of support it and certainly right now there’s zero dial to support it so I believe that Bitcoin will see an all-time high this year I believe the bull market will start after

The harving this year I believe that bull market will extend into late 2025 uh and I believe it will Top out late next year but how do we and this kind of a uh you know moving on from that point here how do we know where Bitcoin is

Going to top well I’ve got uh for some formulas I’ve gone through in the past you can scroll back in my video history and find videos marked with the title you know where’s Bitcoin going to top in 2025 those formulas have basically giv me predictions on bitcoin that it’s

Going to top between around 103k and 196k that’s a very vague range but we’re not going to be able to narrow it down until the harving but basically we will be breaking 100K in this bull market possibly going up to you know close to 200k in this pool Market based on this

Formula again we’ll be able to narrow that down on the Haring you can watch videos I’ve done on that in the past but if we want another way to look at it you know another way to predict the high we can look at this monthly chart RSI Trend

We have a descending channel on the monthly chart RSI you can see that’s marked every single top and bottom of Bitcoin it marked the 2013 alltime High the 20 late 2013 alltime High marked the 2015 bottom 2017 alltime High uh 2019 bottom 2021 High 2022 bottom and it’s

Probably going to Mark the late 2025 high as well so if we’re approaching the RSI to this red line in late 2025 and we touch it that’s going to be a sign to sell all your Bitcoin and get the hell out of the market so that’s something we

Need to keep an eye on as well I thought I’d bring that to your attention briefly because it is actually very important and I don’t see many people talking about it that’s something that is slept on quite a lot so I hope you find that useful but guys bit of a broad video

Today I covered a lot of things covered the ETFs covered uh the correction possibility that I believe will occur before the Haring covered the actual cycle itself entering a bull market this year after the harving and cover covered you know methods of finding tops uh in

2025 and also for your cycle itself so quite a few things covered I hope you found it useful uh guys we’re waiting for that ETF decision I’ll keep you updated it’s just a few days away now it’s going to be very very big so fers crossed for a good result but we’ll have

To wait and see it’s kind of hard to predict thank you for watching ladies and gentlemen go ahead and check out the VIP group on telegram we trade all coins sub daily in the VIP group I give you entry signals uh I give you stop-loss requirements takeprofit requirements everything you

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