Blockchain

WOW… THESE 4 THINGS JUST REVEALED THE NEXT BITCOIN MOVE!



WOW… THESE 4 THINGS JUST REVEALED THE NEXT BITCOIN MOVE!

guys today I have four different
observations I need to talk with you all
about and these four factors are going
to tell us what the next major move is
going to be for Bitcoin so guys make
sure to stick around from the beginning
until the end of this video Welcome Back
everybody my name is Chris bringing you
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you how to make money in this market if
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to subscribe and activate the Bell right
now so let’s get straight into it and
what you can see guys is that yesterday
we did have a pump up to $
67,341
above this point but um yeah right now
we’re starting to go down a little bit
but I think that we are most likely
after having some pullbacks we’re going
to have continuation towards the upside
here and we’re going to retest the
$68,500 level which is also by the way
the lower range of my trading strategies
so when we reach
68,500 then my trading strategies are
going to start trading again as you know
guys during this uh big pullback we had
my trading strategies have just been
holding on to them they haven’t been
trading because they’ve been out of
range but um yeah once we go up here and
I’ve been pretty pretty patient and I’ve
been pretty confident that we are
eventually going to reach this level
again so uh yeah let’s see when that
actually happens but for Bitcoin in
general I do think that we are going to
uh have more upside here and then the
big test is going to be at
68,500 so hopefully we can reach that
pretty soon now one key thing also for
traditional markets look at this
traditional markets had on the 4H hourly
time frame a pump above the orange line
and then a pull back and right now again
we find ourselves under the orange line
so if you look at the daily time frame
you can see that it looks like this so
on The Daily time frame we’ve been
rejected of of the orange line here
after finding support once breaking down
getting rejected one two three times so
if we can go above this point on the
daily time frame and actually close
above this point that is a very very
good sign for the traditional markets
and on the 4H hourly time frame just
like I showed you uh we did have a
little bit of a fake out Bears pushed us
down and now Bulls are trying to break
through this point again so that is all
good I am going to continue to watch
this now there’s a couple of different
factors a couple of different
observations I want to talk with you all
about today so the first one is that the
amount of Supply available to buy right
now has decreased tremendously in fact
we saw one of the lowest points of
available Supply here at 4 point 6
million Bitcoin available and since the
having yes we have had a little bit of a
pump here so more supply has been
available however still we are at a very
clear Point here where we see
continued uh decrease of available
Supply now what is available Supply it
is all the Bitcoin that is available uh
in Supply which is like 19 what is that
19 point something uh million Bitcoin at
this point and then you take away the
Bitcoin that has never been moved you
take away Bitcoin that is locked up in
long-term contracts you take away
Bitcoin that is in wallets that are
never selling in wallets that have uh
just been accumulating and and never
actually sell and that brings you to the
actual Supply that is available to be
bought on the markets and that is the
one that has been decreasing now as you
can understand here as the available
Supply decreases and if the demand stays
the same or the demand even increases
that is a good recipe for higher prices
as you are going to see a kind of
squeeze towards the upside due to a
liquidity crunch so uh there’s that and
the second thing I want to talk about is
gbtc has had very low outflows the last
few days so $45 million on the 19th and
yesterday we had 35 million dollar now
we know that they’re going to take about
20% of their supply and uh put it into
another ETF which with which has lower
fees so could that have something to do
with the low amount of outflows here I
think so but hopefully we have seen the
worst from the gptc outflows another
thing in relation to that is that we
have seen 70 consecutive days of
positive inflows from ibit which is
black rocks ETF so we have 70 days in
total in which uh you have seen straight
inflows here so that is very very good
to see here for the ibit ETF that
continues to see big demand so the third
thing I want to talk about actually
let’s talk about this it is that the
amount of stable coins right now has hit
that
2year high so we recently reached 7 165
billion dollars worth of stable coins in
the market and that is the highest since
June of 2022 in fact the all-time record
of stable coin Supply is $180 billion so
we are very close to our alltime high in
terms of stable coins as well why is
this important well the more stable
coins you have on the sidelines in the
crypto markets the bigger the
possibility of these stable coins buying
Bitcoin buying crypto in general so it
just shows you the liquidity in the
market so that is a very very good sign
now there’s a fourth and different
reason I want to talk about as well and
that is if you look at the overall
sentiment of the market right now okay
if you look at the beginning of this
year the market was expecting I think
five or four rate Cuts this year um
right now how many rate Cuts is the
market expecting if we go to December
here let us uh let us see how many rate
cuts the market is actually expecting
towards the end of this year so if we go
to December here the market believes
that we are are going to most likely
just have one rate cut why is this good
and why is this important because
remember in the beginning the market was
expecting a lot of rate Cuts so they
were disappointed when we didn’t see
those uh prices went down right now if
the market is already very pessimistic
they’re already counting on essentially
no rate Cuts or just one single rate cut
then there cannot really be disappointed
towards the downside there can only be
positive influence to towards the upside
if we see two rate Cuts or three rate
Cuts this year if it happens it’s not
impossible it could happen then the
market is going to be positively
surprised and you are going to see more
price growth so these are some of the
things that I am watching right now and
if you look at the longer term chart for
Bitcoin you can see that we always have
trouble this is on the 3-we chart in
fact we always have trouble breaking our
previous all-time high you can see here
in 2013 we had an all-time high had a
long bare Market which we came up to in
2017 and we struggled for what is that
three candles approximately three weeks
per candle so that is nine weeks in
total we struggled with breaking through
this once we finally did that massive
pumps towards the upside uh once again
we make a uh new all-time high right
here we go into a long bare Market on
the way up we struggle for 3 weeks we
struggle to break through our Point here
and then once we do that you can see big
pump towards the upside and now you can
see again previous all-time high three
week candles for three weeks we’ve been
struggling with breaking through this
sorry for three candles with three weeks
each so with about nine weeks we’ve been
struggling to break through this maybe
it’s going to take 12 weeks maybe it’s
going to take longer we will see but I
do think that we’re going to break
through this eventually and that is also
what this chart is potentially
suggesting so let’s keep our eyes on
that guys but these are the key reasons
I wanted to highlight today guys as
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try that out as well guys thank you so
much for watching this video and uh I
will see you guys in the next one

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Timestamps:
00:00 – Intro
00:27 – Bitcoin analysis
02:39 – 4 Bullish Factors

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DISCLAIMER: Trading Bitcoin is VERY risky, and 80% of traders don’t make money. Make sure that you understand these risks if you are a beginner. I only recommend crypto trading to already experienced traders!

**Disclaimer**
Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.

This information is what was found publicly on the internet. This is all my own opinion. All information is meant for public awareness and is public domain. Please take this information and do your own research.

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