Most BULLISH CRYPTO Dip EVER! Bitcoin SIGNAL You Can’t Ignore!

In this video, I discuss the likelihood of Bitcoin not surpassing $48,000 before the April 2024 halving, highlighting its potential impact on other cryptocurrencies like Ada, AVAX, Ethereum, and Solana. Analyzing Bitcoin charts, I express skepticism about its immediate bullish prospects, citing a significant rejection at the 618 Fibonacci level and drawing parallels with past S&P 500 performances during similar periods. I explore potential consolidations in Bitcoin’s price, suggesting it may retrace to around $30,000 to $34,000, and extend this analysis to altcoins, each potentially varying in their retracement based on recent volatility and technical indicators. Despite a cautious outlook, I maintain a long-term bullish perspective, emphasizing the cyclical nature of the cryptocurrency market and its potential for a post-halving bull run.

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Intro 00:00
The best thing Bitcoin could do right now 00:45
Important dates 1:30
Bitcoin weekly dip setup is here 2:00
BTC dip price targets 5:00
Bullish case target $70,000 7:00
Cardano, ETH, Solana, AVAX targets 7:50

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We all want Bitcoin and crypto to keep going higher but I want to say there is a strong likelihood Bitcoin does not break back above $48,000 prior to the Bitcoin having April 2024 and I want to explain exactly why I am saying that and what that means for altcoins like Ada avac ethereum

Salana so I want to start on the Bitcoin charts we’re going to talk about targets we’re going to talk about bullish targets to the upside to the downside and I also want to just I want to underline the entire video by saying what I am saying is actually

Incredibly bullish and I’m going to explain why in this video so please hit the Subscribe hit the like and let’s just jump into it I want to just say first the most I would say one of the most Picture Perfect things that could happen on the Bitcoin charts just to get

This out of the way we have this huge rejection at this 618 Fibonacci that we’re going to talk about in this video huge rejection but we also have this breakout that re pretty recently occurred out of this Rising wedge breakout Target right around $70,000 we had the breakout rejection at this

618 throwback to the trend line picture perfect we continue seeing support at this trend line and we consolidate into some type of new maybe ascending triangle for Bitcoin going into having that would be amazing however I’m not quite sure that’s going to happen I’m actually not quite sure we’re going to

See support hold here and that’s what I want to break down in the video but we’re going to talk about me being wrong as well so don’t worry let’s just jump in I want to start on the S&P 500 really quick dates just to point out to you

Because it’s important that is June 2019 and June 2016 S&P 500 on its way to all-time highs in both cases and right now S&P 500 just putting in an all-time high on this weekly chart going to the Bitcoin weekly to set the foundation to what we’re going to discuss here and then

We’re going to look at all these altcoins what this next move might mean for them and why it’s bullish youall know bull market High bare Market low we have the we have the Fibonacci that’s the bull market doors Bitcoin ETFs the spot ETFs it was not

Different this time time this was a huge thing that we were tracking for so long we essentially waited years and years and years to even get here right from the last time this bull market doors happened and it was rejected and just look at the the weekly wick on that

Candle insane rejection at the $48,000 area prior to the having now if we go and we look at last cycle this is when it happened on the Bitcoin charts bull market High to Bare Market low you can just see the Bitcoin hitting that 618 and consolidating back down look at the

Note look let’s let’s make a note of when that happened 618 rejection last cycle June 2019 June 2019 S&P 500 basically putting in all-time high so things looking bullish right even for traditional markets and then all of the sudden it’s rejection I think there’s a case right

Now now where people are looking at the Bitcoin charts they’re looking at the state of crypto and they’re saying you know what S&P 500 just put in an all-time high bitcoin’s like about to do this bit Bitcoin risk on assets crypto it’s about to do the same it’s about to

Just go crazy and that might be true but not in the immediate short term and history tells us that right so June 2019 S&P 500 Consolidated back down to key moving averages and obviously Bitcoin saw rejection at the 618 line let’s go back to the cycle before that

Again bull market doors tested 618 right before Bitcoin having this is a very similar move to the move we’re getting now on bitcoin rejected at around almost $800 at the 618 and then pulls right back into the the 20we moving average that was in June 2016 S&P 500 same exact

Thing just getting ready to put in alltime highs it looks like on this chart in June 2016 goes into July 2016 alltime highs and then that consolidates as well Bitcoin getting ready to enter a crazy bull market Market but there was that consolidation on the weekly going

Into Bitcoin having and listen the same exact thing is happening again everybody and this is just data that’s all this is now I could be wrong in in saying that just because it happened in previous Cycles it’s definitely going to happen again and I’m not even really so much

Saying that I’m more just saying I think is a strong likelihood that that’s just going to be what happens the Bitcoin charts if you’ve been paying attention over these Cycles or even if you’re brand new and you’ve just done a lot of research into how bitcoin price and

Crypto markets have moved in general you’ll just see the consistency on these charts and the flow of higher highs and higher lows across these Cycles surrounding Bitcoin having it’s a gift it’s absolutely insane the consistency and I’ve been doing videos for six years tracking this data and so often I really

Would say more often than not the data has just played out consistently if we just sit around and wait long enough instead of zooming in on the charts all the time so here’s the thing we’re going to talk about the upside on this daily chart but what’s the downside it’s very

Simple and it’s not it’s not bearish in my opinion if we look at historically and doesn’t even have to be surrounding the Bitcoin uh this the 618 rejection but if we look at where Bitcoin Consolidated back here in 2019 it was to the 50 day or 50 we I’m sorry so in

Between the 20 and the 50 we you go back to the cycle before that very similar but more so at the 20 right so consolidative right off the one8 here down to the 20we moving average you can see a big wick below and just above the

50 but mostly at the 20 that 20 and 50 the green and blue line are incredibly critical in terms of Bitcoin support to the downside but let’s just say Bitcoin did that right let’s just say I’m right and Bitcoin did start trickling down before the having into this area I don’t

Know where it would meet maybe 30 $34,000 and I’m going to talk about why that’s such a a key number but you can just see around 35 is the 20 the 50 and the 200 confluent down here right around 30 to 31 if we look at the swing low

Back here of Bitcoin to swing High check this out we have a higher low move for Bitcoin that would just be normal right the 618 right around 34 and the 786 right around 30 just so confluent with all these moving averages it’s insane that would just be such a nice move for

Bitcoin to cruise back down getting ready for the next Bitcoin heav this time around this is the first bull cycle that we have where guess gu what crypto Bitcoin institutional demand is there these massive firms on board they’re eyeing up not just Bitcoin now but they’re eyeing up altcoins as well that

Retracement is so in play it might not happen I get that I could be wrong here but I wanted to throw that data out there because it is the most obvious piece of data that is just screaming at us in the face if we’re looking at the

Charts on the daily chart all it means is this huge Rising wedge bitcoin’s not only just throwing back to the trend line to test and this is where I could be proven wrong Bitcoin bounces off this trend line and just absolutely explodes to $70,000 right prior to the having

That could be the case where I’m wrong and I gladly would accept that it would be it would be epic if that were the case but if that’s not the case and support fails and Bitcoin just Falls and trickles down into that Rising wedge it’s just a typical move right kind of a

Fake breakout falling back in towards the Apex type of deal consolidating where needs to consolidate and that could be remember we said 30 to 34 it could be in the lower end of the of the wedge right fake breakout back down people are becoming bearish and then

Bitcoin having and then bull cycle what would that mean for altcoins we go to something like Ada very simple for me and and you can even monitor the volatility recently to the upside to get a sense of what downside might look like but we also have structure and patterns

On all these altcoin charts Ada for instance we can start with the 20 the 50 similar to Bitcoin and look at what’s the downside look like there for Ada the 50 50 moving average 50 we moving average around 29% but if if Ada is going to consider or consolidate with

Bitcoin and crypto in the coming days weeks months even to the downside maybe it trickles down to the upper trend line of of the pattern it just broke out to again a throwback on the macro very much in play before the Bitcoin heav that would be 30 40% to the downside for Ada

But even if that were to happen you look at this chart and you look at the bottoming out structure of ADA getting ready for the next cycle and and adaa cools off prior to the having it’s it’s so bullish for Ada and the same is true for every altcoin across the board I

Would say avac the 20 the 50 that’s around 35% to the downside potentially in play 35 40% to the downside in play to those moving averages you notice ax so we have a lot of volatility to the upside aex almost 500% to the upside so maybe it has a stronger move of

Consolidation to the downside something like ethereum opposit maybe only 20% move to the downside because it hasn’t exploded nearly as much as something like avac so you kind of take the volatility of it all you can just see that swing low to swing High uh like 70 80% right so a 20% consolidation

Ethereum is a is a big dog now so it’s consolidations and its moves to the upside a little bit less uh you know powerful in both directions go to something like salana has more of a avac vibe to it from the swing low here to

The move to the upside even more 600% so guess what downside if crypto is going to consolidate and fall could be a little bit more drastic 40 to 60% to those moving averages so you see every altcoin dependent on its recent moves to the upside and where the moving averages

Are how overextended they are from the moving averages obviously ax and salana more of extended there could be more room to to the downside um and then something like ethereum even Ada a little bit a little bit less of room to the downside because it’s just a less

Powerful move to the upside and then Bitcoin more so right and that’s what we’re looking at on these charts on the weekly for Bitcoin so that’s it everybody that’s the data and if we go to the daily chart for Bitcoin I I can’t say this enough no matter what we’re still tracking this

Rising wedge with a Target to the upside around 70 if the if the Breakout that wedge happens over here you know post Bitcoin having and we’re a little higher in the wedge then we’re looking at a breakout around 65 60 or 75 76,000 and this could be the kicking

Kicking off the Bitcoin bull run the crypto Bull Run and this would be breaking the bull market doors breaking all-time highs hitting a Target and then it’s time for consolidation before the true you know true all-time highs come into play and what will allcoins be doing during this time it’s going to be

Exciting one way or another but this data I just wanted to put out there as we start this new week I would love to be wrong even in the short term if Bitcoin could just you know break $48,000 this week that would be nice time will tell we will see I appreciate

All of you watching hit the Subscribe hit the like turn notifications on I’ll see you in the next video God bless