Cryptocurrency

IT’S OVER! Kiss $32k Bitcoin Goodbye, it’s 32X Crypto Time (but this happens next)



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Video Description:
Data-filled update on real estate cycle, stock market performance for 2024, bitcoin investor pump and the crypto bull market cycle timing. Altcoin season update, Bitcoin price prediction update, Stock markets hitting new all-time high prices and what this means for investors.

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➒ Disclaimer: This video is for entertainment purposes only. It is not financial advice and is not an endorsement of any provider, product or service. All trading involves risk. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. Swyftx, ByBit, BingX and Bitget are channel sponsors. All decisions you make are your own. #crypto #bitcoin #cryptonews

At this stage in the cycle there’s two camps you’ve got your altcoin Deens Bitcoin Maxis they’re always fighting each other but you you are smarter than that you understand that this game is about making money you don’t want to get married to your altcoin you want to hit

It and quit it move on to the next thing the next crypto that is going to pump and if you do have some Bitcoin maybe you want to start selling off some of that Bitcoin for those juicy altcoin 32x gains let’s have a look at that in today video looking specifically at those

Altcoin charts and how that all plays out in this next stage of the cycle we’ve got Bitcoin to get through we’ve got ethereum to get through plenty of altcoins as well plus a look at the macro cycle that just keeps on macroing to the upside like And subscribe as soon

As you get here save yourself the hassle Link at the top of the video descriptions for our free crypto economic report click that link name an email you’ll get the next report that comes out on Tuesday evening let’s kick it off with this particular chart we

Looked at this 3 months ago as the cycle continued on moving from that Bitcoin phase to that Bitcoin altcoin phase so this is the phase that we’re looking like we’re in this green stage as we’ve looked back on previous Cycles typically from here Bitcoin has a charge but then

It’s basically rotation into altcoins that shouldn’t come as a surp as a surprise now but when we’re looking back 6 months ago uh you know sort of back into this Zone when Bitcoin was also going sideways most of the altcoins were still heading down most old coins bottomed around August September October

They started to charge from that point whereas Bitcoin well we know it had its bottom back in November now what I’m talking about there is the altcoin against its Bitcoin value so you could have remained safe in the markets from November 2022 getting into Bitcoin seeing the 100% % return from that point

And then looking to rotate if you got the exact timing I hope you did if you did congratulations to you guys and the exact timing was going from Bitcoin in November 2022 to altcoins in September 2023 so roughly 10mon period 10-month hold to bitcoin get rid of all of that

Bitcoin into stronger altcoins and hope that you’ve picked the strong altcoins because from that point there was still no confirmation that they were going to be strong as we’ll look at on the charts in a moment and then from there try and hold on for the ride the ride’s been roughly

5 months since that bottom so this typically happens every single cycle that’s what we were looking at earlier uh to let us know at which stage we were in as we get into year three typically it’s all alt and although well Bitcoin in the previous cycle in 2017 had a

Fantastic year we do know that things have progressed from there and there are obviously far more cryptos on the market so you start to see bigger returns from smaller market cap cryptos altcoins and that’s where people tend to go and gamble next so in this period of year

Two where you see the rotation from Bitcoin over into alt Bitcoin still has a pullback and when those pullbacks occur the altcoins also have a pullback now it’s typically only short lived from what we’ve seen in previous cycles and I want to focus primarily on last cycle to

Have a look at that timing around the harving then after the Haring and then the pullback previous cycle also had the same thing the harving roughly around June July of 2016 there was a pullback there and then basically the markets charged from that point so the second

Half of 2016 which was after the Haring so if we are getting pullbacks they’re typically not super deep now I say typically because there have been occasions where we have seen a significant correction but when we’re looking at the overall trend as the markets charge up there are a lot of

Shallower pullbacks and most are waiting for bigger pullbacks which is how it fuels the bull market because they’re hoping for the bigger pullback it doesn’t come they have to buy higher and that Spurs the market on higher and higher until well everyone’s in and then you get the bigger correction in

2017 we did have a pretty significant correction in altcoins around midy year at that time Bitcoin was getting forked probably most people don’t know what forked is anymore essentially that’s when Bitcoin cash was in came about and was invented Bitcoin cash has gone basically straight down from that point

But from there altcoins had a very significant correction and they had a rough sort of six months down now in the last cycle we also saw a very very significant correction from May into June took a bit of time into July and then everything sort of got real frothy

Again for the last half of 2021 so that’s what we got to watch out for now is not getting too greedy with those pullbacks like we looked at in yesterday’s video the old saying markets can remain irrational longer than than we can remain solvent I think that uh

Plays a pretty big role in this next stage of the bull market now we also saw that for the S&P 500 you see these really really shallow moves to the downside and you’ve got all of well investors trying to jump in on the trend and you’re only getting singled digigit

Pullbacks for the majority of that bull market now as we did in yesterday’s video we went all the way back into 2009 from the start of that previous major bull market yes there was a significant correction from the pandemic but it was roughly 35% we had about a 27% in 2022

But most had been waiting for some sort of 50 odd per correction like you’ve seen at the end of Cycles end of Cycles looking at the end of the 18.6 year cycle the good news is we are in a macro bull market as you know from the 18.6

Year cycle we still have a bit of time to go in this major bull market part of the cycle before you get the four to six years down for the real estate market and the economy January forward returns here January S&P 500 if it was up in

This year here in an election year typically well 100% of the time so far going back 70 years of data we see a 100% rate of a positive return for the S&P 500 so that’s good news to bitcoin and cryptos because essentially everyone gets crazy and risk on is here

Everyone’s going and gambling their hard-earned money on the markets main thing to note about all of this is these moves these Corrections could be shortlived and if you’re hearing about people telling us that we should get a 152% correction it is very unlikely very unlikely not impossible but very

Unlikely if we look back like we did yesterday just is a quick one here you had 2018 had a 21% 2011 had a 22% and 2015 had about a 15% so you’ve got a long time with with uh the markets heading up and not very big Corrections now we have seen a big

Correction last year in 2023 basically 10 half% and then also 2022 had the 27% top to bottom now when you combine the macro cycle of the markets heading up the the traditional markets and of course real estate and well the ETF headlines you know I don’t necessarily

Love to base anything on this but to review it we have 900 Bitcoin coming out per day and then of course the ETFs are sucking up 10 times more Bitcoin than the miners can produce remember you’re still going to have people wanting to sell their Bitcoin at a profit or you’ll

Still have funds needing to rebalance their portfolios which causes selling and it might seem crazy to us little plebs that don’t have as much money as funds but they do need to rebalance their portfolio so they’ll need to sell off some of that crypto even if they

Don’t want to that’s part of their rules to their plans or basically rules rules from the government that they have to sell off to rebalance their portfolios just simply put so it could keep going up it doesn’t mean just because they’re selling they think the market is going

To collapse as I said the rebalancing needs to occur now when we do get some rebalancing maybe we see the markets correct which can cause the fear and greed to flip the other way you know we’ve been hitting 79 for a while we’re down to 72 the last few days meanwhile

Bitcoin has continued up so we’re starting to get a slight short-term Divergence in the excitement of the market compared to the Bitcoin price price on BTC is going up but the greed is not continuing with it you’re not seeing that excitement continue through and people are sort of just getting a

Little bit uh stale with the move this is early days could take a little bit of time as we have seen in the past which is what I want to look at next so these Corrections on the market sentiment so your fear and greed here or you could

Use the Tia crypto fear and greed index uh you can use that by going to the free 7-Day tral in the video description so Link at the top of the video description there and there’s free indicators on top of the Tia Gan swing indicator so go and

Check that out uh right there what we’re looking at here is when the indicator corrects so the crypto Fe greed it doesn’t necessarily mean the price has to have a significant correction I’ve gone through and circled a few of these times here where we’ve cycled from extreme greed down to

38 is fear so anything under 46 if you can kind of just see that there is fear and roughly ran that sort of 4754 is neutral so that’s just resetting the market sentiment out there so for cryptos Bitcoins Etc in July and August of 2020 Bitcoin hit the extreme greed it

Corrected on price which caused the correction for the fear and greed index so that reset Market sentiment it had some time at a lower Market sentiment as it began to reaccumulate and then started that final charge into the $65,000 Peak Market went straight up you

Had agreed for a long time with quite a few minor resets here price didn’t necessarily go down that much but the sentiment reset it was just enough to keep it bubbling for that long enough period of time just to Peak at 65,000 before it all rolled over and we had to

Reset the fear greed index yet again came back down extreme fear good couple of months here reset it and then it worked its way higher again so that was one particular example that we saw through 2020 where the market did not bitcoin price did not have to go that

Low in terms of a percentage 122k down to 9,800 basically a 21% pretty much exactly what Bitcoin has been doing this cycle 20 to 22% was enough to reset the fear and greed index from extreme greed to fear which gives the momentum back to the Bulls enough to charge it into a

Final Peak we saw it uh again 2021 one you had the September Peak that was ever grunde news where it collapsed from that point and then we saw the market reset again on the sentiment price didn’t necessarily have to go that low from a percentage point of view again roughly

About 25% move to the downside before it was able to get back into that extreme greed again and hit the new all-time high so here we find ourselves again at extreme greed we could see it correct 20 21% if we look at from where the high is

20% basically takes us back into the zone of the previous price range for the ETF so it takes us back into the sort of low $40,000 and that could then reset the fear and greed index which uh resets the market sentiment gives us enough driving

Power to get back to those highs and now seems to be as we’ve talked about this stage of the Year where you want to be getting into altcoins maybe shifting out of some of that Bitcoin into the altcoins because they’re getting better returns but only for a brief period of

Time that brief period to me could be roughly sort of 12 months maybe 18 months obviously we’ll continue to follow up with that on the channel as the markets progress now what you don’t want to do is be like these crazy Twitter accounts 400,000 followers absolute garbage keep 12 Grand aside

This was an October at that bottom because in three months you might be able to buy a whole Bitcoin for 12 Grand absolute morons super B so Super Brothers Super Mario Brothers looks like 12 Grand can buy you a quarter of a Bitcoin in three months spot on there it

Was the tweet and three months later 12 Grand would only buy you a quarter of a Bitcoin because it was at 48 Grand again just be careful with who you follow out there if you want to unfollow everything and do your own thing I’d highly suggest that too so to bitcoin and somewhere

Around that title I was looking at prices that Bitcoin won’t hit we did a bit of this series early in 2023 because essentially it worked out relatively well where we’re looking at prices that Bitcoin won’t hit again now I don’t think there was one price that we got

Wrong I hate using that uh 25 Grand was very very close you can see that it touched 24920 so spare me 80 bucks a lot of the calls there were around 25 Bitcoin never hitting 25 Grand again if it went above that previous top there at roughly 31 32,000 now that we’re at

52,000 I’m pretty happy to say that bitcoin’s never going to go under $30,000 again for at least this cycle and then see what happens next cycle depending on High we go for BTC but at least for this cycle it doesn’t seem like Bitcoin will get back under 30 or

32 I know there are still some people looking for that but I think waiting on that would just be that greed side to try and get that lower price when the markets are telling us that they are very strong and those pullbacks are probably going to be shallow so I spent

A good part of this video talking about how shallow some of these pullbacks can be in these bull markets now they could go a lot further I know that I don’t have a 100% guarantee on the black side of the chart but I just want to throw

The probabilities in my favor and say well it’s probably unlikely it’ll go under 32k and if I wanted to get even that bit closer stuff that I would I hold a little bit lighter here is I’d say it’s probably not going to go under the mid-30s again looking at our 50%

Level from the low at 25k to where we currently are maybe this goes a bit higher now the midp point’s roughly around 39,000 you’ve got quite a few lows and closing prices at about 37 so roughly speaking a nice round number a bit lower than that for safety I don’t

Think Bitcoin is going to go under 35 Grand again this cycle you’re probably going to have to see something that it hasn’t done yet and that would be a correction more than 30% it’s not impossible and it it could happen so I’m wanting just to keep the $32,000 we’re

Not going to see Bitcoin go under $32,000 this cycle if it did something that it hasn’t done yet then maybe we do see that mid-30s pullback but like I’ve said for bull markets it seems like we’re getting that shallower pullback and not to get too greedy on these

Pullbacks even if it did do that are you really prepared to wait and hope and use those tiny probabilities that it does get to that point if you saw 38k again wouldn’t you just want to scoop up at 38k instead of hoping and waiting for

Like a 34 or a 35k it’s really nothing in the grand scheme of things if we still think Bitcoin has got a longer to go in this bull market and speaking of how much further we have to go in this bull market let’s have a look at the

Altcoins as I said at the beginning of the video we’re are a month or two away from the harving Now sort of um six weeks away and in the previous Cycles from that point they’ve gone straight up I think most of us know that by now and

It seems like they’re they’re doing that at this point in time we’re not getting those big pullbacks on alt coins unless you’re looking at the Bitcoin chart so hopefully you got some of those profits in BTC and you’re throwing them into some of those altcoins which are pulling

Back but uh for the altcoins here total market cap excluding Bitcoin and eth it broke higher and it’s uh it’s got half a month to go now but it’s pretty much pulling away from where we had that correction in January now it’s been up

For four five 1 2 3 4 five it’s the sixth straight month now for the altcoin market cap to be up yes of course eventually we do have some sort of corrections but when we’re looking at the monthly market cap uh yeah the monthly chart here the corrections in

The past they have not broken down on the swing chart you’ve had the lows holding out similar to what we just saw last month and then needing one two three maybe two or three months to reaccumulate after such a strong move before it then pumps again so if we are

In the midst of something similar to what’s happened in previous Cycles after this period then again that reinforces to me that hoping and waiting for bigger pullbacks is unlikely they would they’re probably will come one at least one in the cycle but it doesn’t seem like now

Is that timing I’m happy to be wrong on that one because of course we’d all love to be scooping up stuff lower uh but in terms of where we currently sit it seems like these are going to be those shallow pullbacks that then bring us into that fomo stage where everyone’s trying to

Buy higher and higher for the altcoins eth is also in a very similar trajectory we’re heading up into the 50% level it looks like we’re a few bucks away from that right now and these pullbacks on a ethereum crazily enough have only been about 28% we take it from the first bounce

That it had out of its low that was 47% that was from the low in June and it bottomed much much sooner than Bitcoin you had a June low for eth and a November low for Bitcoin so eth has had a better run at that point in terms of

The gains uh they’re roughly on track now when we look at the eth BTC chart because you can see back from that June low that’s where eth bottomed and it’s basically at the same level as it was back in June which means it has had the same gains as BTC through that period

Now where do we go next potentially we’re at that low now for ethereum maybe last month was the low I’ve got 25 months from the peak to the bottom the previous cycle had 27 months from the peak to the bottom we were looking for a breakdown of of these previous lows it

Has had a break but then closed above which potentially shows the strength of ethereum in this stage or coming up into this next stage of the bull market so potentially this is double bottom if it is I want to see ethereum break above 6.5 million Satoshi over the coming

Months as we lead into that Haring which will then potentially show Extra Strength to ethereum’s USD price so is now the time to be selling some of that BTC into eths this is riskier because it’s still at the low and the confirmation isn’t there if you wanted

To wait well you obviously pay a higher price but if you wanted to do that earlier now could be a relatively safer time to be getting in and flipping those Bitcoins to eth to then get that higher return in this stage of the cycle and of

Course if you don’t care about Ethan you want the altcoins then let’s get togenerate let’s have a look at some of the altcoins over here TI I brought it up it’s the investor accelerator but it’s not our coin Celestia we can see that it’s breaking down on the Bitcoin

Chart so you want to find altcoins that are strong they’ve been doing relatively well throughout this period of the cycle uh big moves to the upside see here that it has had pretty significant gains from the low to the high against BTC value 670 really really good gains there

Something similar to what salana did in the first stage of its cycle back in 2020 did about 60% against its BTC value going from 50 cents to five bucks which of course is about a 10x but now we’re seeing the pullback and these pullbacks can last a couple of months so that’s

Something that we looked at as well where we had that sort of final couple of months that the altcoins pull back before Bitcoin goes into a new alltime high which potentially happens later this year and then you get the big blast off there is potential time here for

Some of these alts if you’re chipping away at them getting rid of your Bitcoin putting them into into these other altcoins they potentially or probably in the case of this because the chart is down you’ll see losses against the BTC value but it could be that sort of

Accumulation period you know it does take some time and then you have to wait and then you see them pump from there so it’s hit the 50% broke back under it and now heading towards the next levels of support and resistance you can see a 50% level here at uh what this 26,000

Satoshi injective take this off log you can see that it’s pumped up in that December month when everyone was getting their feelings in their jellies the big one up and now it’s taken two months to come back down against its BTC value every time you see something ridiculous

Some crazy bar like that it needs some time to recover and digest such crazy moves and so these last couple of months have basically been down for injective against its BTC value look towards that 50% level look towards those previous highs and swing bottoms as potential

Entry there you could have a nice sweet gain but if you don’t want to wait for it to get that low just in case it doesn’t fall that low well then I like to start buying just a little bit above that 50% level and the last one here

This is what you don’t want to see if your altcoins are looking like this I know I bring up xrp but it is a clear example on the chart where they just just keeps going down now it’s getting very close to the price when it got

Slapped with that lawsuit by the SEC and so if the Insiders aren’t finding value in this thing at prices that it got to when it got slapped with a lawsuit and now it’s finished its lawsuit look at that that’s the pump that said the lawsuit’s over uh something is not right

Something is definitely not right in the camp of xrp and they’re probably trying to flog off a lot of xrp to help keep the facade going for a little bit longer now I probably don’t want to know about ones that aren’t working out but just keep an eye on that for your own

Altcoins if they’re going down the maybe don’t go down with them vet has had a big pump up this last day typically when you see this it’s pretty much off news it could go a lot further but it really has not done anything since June 2023 sure it had a little

Pump up here back down it’s had a pump now some news that’s typic not what you want in a bull market you want to see these things rising and rising and Rising so you’re getting bigger and bigger gains don’t fall for this old crap sure it has some news pumps if you

Want the news pump to trade go for that so let’s have a look at something else that might be working a little better and Michael’s talked about this on his channel you can check his channel out uh there’s a link in the video description where he trades altcoins in shorter time

Frames if that is your cup of tea but ICP also similar hasn’t done much since the June bottom sideways but it’s had a pump up now so you can start to trade these things if you’re looking for something to get on board with that is in a trend be careful that they don’t

Start to fall back below previous levels because that essentially implies that there is weakness forming in these markets and you basically want to get your money out of these things rather than hold on and hope so I think it’s time to kiss $32,000 BTC goodbye and potentially anything under sort of

$35,000 on bitcoin we’ve also looked at the shallow pullbacks at certain stages of the market and what that means for your Bitcoin for your switching to eth or switching to altcoins as well how to assess that on the altcoin BTC chart so that you are getting into stronger

Projects and not getting swept up in hopes and dreams of old cryptocurrencies that basically only pump on a good news day and then fail after that point and of course the macro cycle at large where we’re still in a big bull market probably for a a considerable amount of

Time to get us through these next stages of uh the Bitcoin in cryptocurrency bull market like And subscribe thanks again for your time and support on the channel let’s Crush 400,000 before the end of the year share this content with at least one person today to continue on

This journey see you at the next one till then take care and peace out

34 Comments

  1. When I heard 400k at the end, my mind instantly thought you were trolling a BTC target! πŸ˜† Thank you again for such a condensed and informative video πŸ’ž jah bless

  2. Macro wise I’m nervous that if cuts do happen that’s when we see a big dip in the markets. History says this in 2019, 2008 and 2001, when the fed cuts you kno somethings broken. But if we see no cuts this year, should be a BULLISH year. I know 3 cuts are priced in.

  3. I agree that Bitcoin cannot fall below $30,000 or $32,000 in the current cycle. Of course a correction of more than 30% is possible, but I personally trade on Fybit solely on what the market is shaping up to be, nothing more than that)))

  4. So if need to pullback 20% and drop for fear and greed of 50 again, we will end up at 40K… If we go back to 52K the fear and greed will be at 72 again… I think we can stay at this level of 52k and if we go sideways, we will also reset the fear and greed, otherwise we will never reach ATH.

  5. I watched a lot of your videos and what I found very misleading is that your titles are suggesting buying alt coins right now in very "pumping" way but in your videos you keep repeating that the small pullback in S&P should come and give us lower crypto prices.

  6. A lot of people trying to time the market will inevitably get rekt, if you hit and quit too much you might hit at the wrong time and quit at an even more wrong time. It's better to get your position in early in the cycle when there is no noise instead of trying to pick shallow pullbacks on the way up. At some point, quitting will be the hardest but I do say the less you jump around the better. Not being married to a coin means you just want tp hold it for as long as you need to. It does not mean to be a whore-coiner and engage with every degenerate coin out there. Practice safe CEX always.

  7. Genesis is about to liquidate its assets. Mt Gox is also set to unlock people's bitcoin that has been locked for nearly a decade, although the timing of that is speculative, Genesis however is a guarantee

  8. Nice to see ya going over fear and greed again πŸ‘Œ

    What ever happened to the swyftx account where you were buying btc every time the fear and greed dropped to a certain level? Would be rad to see where that's at now!

    OG viewer here haha I can't remember exactly how long ago it was, let alone what the exact f&g level was πŸ˜…

  9. Seems like that would be easy with clairvoyance. Hindsight is 20/20. You shouldn't trade without some confirming signals to support your thesis. You shouldn't trade without the end in mind. This is the point where you plan to sell. $60k is my next target. Looking for $120k peak. My plan to sell is at the > $100k point.

  10. Thanks for this update, good analysis. Nobody knows for sure how far price can go. But we are in bull market at the moment. I just trading on Fybit and follow the price. No sense to think how far price can go.

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