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Boom shakalaka with gbtc selling largely over here’s a nice healthy bullish Bitcoin pattern and where price could be headed you’ll definitely want to stay tuned what’s up everyone rley here from crypto love today’s video a lot of very interesting charts for Bitcoin and cryptocurrencies including gbtc selling over nice healthy Bitcoin bullish

Patterns and where price could likely be headed before we get into it guys like the video it helps out so much also come join us on Twitter at the crypto love where we share all of the charts we show during the day now today fear and greed

At 60 down from yesterday 61 but you can see clearly up from last week where we were in neutral territory the overall Market down 1% today but it should be noted Bitcoin up 7% for the week right now at 42 847 ethereum at 2327 B&B at

306 salana $100 xrp 51 cents cardano 50 Cent Avalanche $34 and Dogecoin 7 cents and Bitcoin right now sitting on this long-term trend line right above or right about the 50-day moving average this yellow line now should be noted the last time Bitcoin broke below the 50-day

Moving average this red line right here bar pattern is where it headed to roughly $36,000 by the end of February however the last time it broke back above the 50-day moving average and this is where the price headed this green line which would be roughly $76,000 by the middle of May so where

Could we be headed well maybe a triangle between the three ending up somewhere in there 40,000 by halfing was my prediction but we’ll kind of have to see how that one plays out maybe a bit low now as of right now most of the price movement probably because JP Morgan

Asserting GPT selling is largely over and we can actually see this right here where for the first day some of these newer Bitcoin uh ETFs are actually doing more volume than gbtc selling so that could be very very good news as the selloff stops likely the price will stop

Being pushed down artificially held down this trend line magic indicator right here has been support for Bitcoin in previous Cycles on the rallies up to the top right now at $32,000 suggesting that it would be exceptionally unlikely if not impossible aside from like a Black Swan that price would go below those

Levels but even going below levels where we are right now would be unlikely because historically uh a few months before the halfing Bitcoin price never goes below there right now we’re about to close the fifth consecutive green month for Bitcoin showing that we are in a nice

Healthy bull market this only happens in Bull markets definitely not in bare markets so the likelihood of the price going down not too likely at this point could just be the consolidation at the 61.8 FIB level if we take a look from the tops to the bottoms the 61.8 FIB is

Generally a consolidation level this happened both in 2013 and in 2016 before bitcoin price took off dramatically right now we are at those same 61.8 FIB levels that could be consolidation before bitcoin price once again Rockets off to those same extraordinary levels we have some very bullish indicators on

Bitcoin’s chart like this inverse head and shoulders and as this pushes price up there are shorts and Longs on both side of the Bitcoin price as this pushes up could push bitcoin price up dramatically as the shorts get squeezed if we take a look right here see how far

This could push the price up based on this inverse head and shoulder pattern you match the length of the head which would Bing bitcoin price roughly to $48,000 if this is completed now not only that but if we take a look at the mvrb extreme deviation pricing bands similar patterns with previous Cycles

During past bull markets Bitcoin rebounds strongly after touching the mean mvrv pricing band which is the yellow one so after it comes down and touches the yellow generally it rebounds very strongly to the red we have the same thing touching yellow rebound very strongly to the red now right now based

On that the red is at $60,000 but red starts to tick up as the price ticks up as well and just based on a linear chart I mean who looks at linear charts anyways with Bitcoin we have logarithmic charts for that but based on a linear chart nice clear trend line right here

That next level could be roughly about $100,000 top right there maybe sometime even this year and this full predictive model for Bitcoin is saying roughly $225,000 by Christmas time and if you can wait even longer than that a million Bitcoin by 2033 based on this scaling model right

Here you may not have to wait too long that’s less than a decade for a million dollars per Bitcoin and think you could buy it for $4,000 right now that’s pretty cool now interestingly enough this 20 this million doll by 2033 prediction is very similar to what’s

Echoed right here with the bit X model believing that as it goes up an order of 10 it takes longer Cycles here was only a quarter cycle a half Cycle One cycle two cycles the next would be four Cycles roughly a million doll Bitcoin by this

Says I don’t know 2040 which is a little after 2033 but it’s in an order of magnitude so that’s all for today’s episode if you enjoy the video like it come join us on Twitter at the Crypt I’ll catch you guys have a good one love you peace if you don’t think bitcoin’s

Going to a million dollar a coin and then $10 million a coin you’re already a loser from now on if you don’t own Bitcoin you’re a