BITCOIN WARNING: PRICE BREAKING DOWN (Get Ready)!! Bitcoin News Today & Ethereum Price Prediction!

BITCOIN WARNING: PRICE BREAKING DOWN (Get Ready)!! Bitcoin News Today & Ethereum Price Prediction!

welcome back to the crypto Channel
everyone my name is Josh and right now
Bitcoin is retesting a critical level on
the charts on the larger time frames
while the price is now forming a new
pattern in the short term that we need
to pay attention to so I’ll be talking
about that in just a moment alongside
ethereum and salana later in the video
so definitely watch to the
end first of all starting off on the
monthly Bitcoin chart each one of these
candles is an entire month worth of
price action and what we can see right
now on the monthly Bitcoin chart is a
massive retest of the previous all-time
high level when we’re looking at the
monthly candle closes because simply
based on the previous all-time high
based on the monthly candle closes that
was sitting at a proximately 61,000 give
or take and with the last monthly candle
back in March that monthly candle set a
new alltime high for the monthly candle
closes sitting at around 71,000 approxim
imately and so even with the current
pullback in the price of Bitcoin if this
candle right here closes above around
61,000 so basically if we end this month
with the Bitcoin price above 61,000 then
this will actually be the second highest
monthly candle close in bitcoin’s entire
price history despite the recent
pullback and also for as long as we can
hold above that 61k level on the monthly
time frame so for as long as we don’t
confirm monthly candle closes below 61k
then as as of right now this is
potentially just a retest of that old
all-time high level based on the candle
closes and if you’ve been watching these
videos for a while you would already
know that if we confirm a successful
retest and hold above that level and
actually Bounce from that level then
that is bullish price structure that’s
an extra confirmation signal confirming
the breakout to the upside on the much
larger time frames remember this is on
the monthly time frame and we also have
to consider that over the last 7 months
in a row bes this month obviously over
the last 7 months we saw s months of
green price action in a row and this
almost never happens we almost never see
seven green months in a row without
seeing a single red month so it’s only
normal to expect a red month every now
and again but obviously just because we
see a red month in the price of Bitcoin
or even a couple of red months that does
not necessarily mean we’re out of the
larger bullish Trends because that’s
exactly what we saw back down here we
saw a couple of red months in a row but
that was just a shorter term correction
during the larger bullish Trend also
known as a bull market and so for as
long as the price of Bitcoin simply
stays out of that 50k range and for as
long as we ideally hold above 60k and
anything above that then on the larger
time frames we’re still looking very
bullish and if we’re taking a look at
the 3-day Bitcoin chart once again we
can still see that as of right now we’re
clearly within a larger bullish Trend
forming higher lows and higher highs on
the larger time frames but during this
larger bullish Trend once again we see
multiple short-term pullbacks along the
way which is very normal to see in the
price of Bitcoin even during a bullish
Trend and as of right now while the
price of Bitcoin is taking a bit of a
break from the bullish trend on The
Daily time frame we are still
potentially forming a massive bullish
flag pattern and basically while the
price of Bitcoin is still trading in
between this support and this resistance
first of all this line of support is
sitting at around 60 to 61,000 and this
line of resistance is sitting at around
715,000 and once again while the price
is trading in between that support and
that resistance we’re looking relatively
neutral at least in the somewhat short
term here on the daily time frame but
believe it or not you can actually make
a lot of easy profits in choppy sideways
price action just like this and if you
want to know how to do that then stick
around to the end of this video to find
out more and in order to actually
confirm this massive bullish flag
pattern with a bullish price Target to
the upside we need to actually confirm a
breakout Above This resistance so above
around 71 a half thousand and staying on
the daily Bitcoin chart taking a look at
the dxy as of right now just over the
last one day we’ve actually seen another
short-term Spike to the upside in the
dxy which just in the imminent shortterm
here is a bit of a bearish signal but at
least as of right now so far the dxy is
still currently lower than this local
high that we saw roughly around a week
ago and so it’s still a possibility that
we could be within a bit of a correction
in the dxy more of a pullback if this
actually continues over the coming days
and so in that case if we do continue to
see this short-term pullback in the dxy
like what we saw within the last one
week or so then that is a short-term
bullish signal for Bitcoin like what we
saw over the last one week approximately
we saw a bit of a bullish recovery from
around
$60,000 but as always I’ll be sure to
keep you updated on what’s Happening
here in the dxy and many other important
charts here in these videos every day so
make sure you subscribe to this Channel
with notifications turn on so that you
don’t miss out on any of these important
update videos and also staying on the
daily time frame right now the daily
Bitcoin RSI is still trading below this
line of resistance right here so we’re
still waiting for that eventual breakout
in the RSI which as of right now has not
yet happened and as I’ve also mentioned
recently here on the channel ideally we
need to not only see the break out but
also start forming some higher lows and
higher highs again in the daily Bitcoin
RSI in order to actually become more
confident that we’re really flipping
more bullish again here in the price of
Bitcoin in the short term basically
gaining more strength but once again as
of right now this has not yet confirmed
that bullish reversal signal here in the
RSI so we have not yet fully confirmed
more of a bullish reversal in the short
term for the price of Bitcoin which is
why I’m saying we’re still looking
relatively neutral at the moment here on
the daily time frame as the price is
still trading in this sideways price
range but remember when we’re zooming
out on the larger time frames that
sideways price range is happening within
a much larger bullish Trend also known
as a bull market and with that being
said taking a look at the short term for
the price Bitcoin here on the 4-Hour
time frame right now the price of
Bitcoin is still looking relatively
neutral exactly as I said in my last
video and today we’re still looking
relatively neutral right now we’re
simply lacking momentum in the price and
the price really to either direction and
so we’re simply bouncing around between
short-term support and short-term
resistance first of all we have support
at around 635,000 and more support in
between 61 to 62,000 with some support
at around 60,000 and for short-term
resistance we have resistance in between
65 to 66,000 with more resistance at
around 67,000 and more resistance in
between 68 to 69,000 and once again
right now and like I said in my last
video we’re looking relatively neutral
so I would not be surprised if we see a
little bit more choppy sideways price
action just in the short term here in
the price of Bitcoin like I said in my
last video but remember you can make a
lot of easy profits in choppy sideways
press action just like this and if you
want to know how to do that stick around
to the end of this video to find out
more but first zooming into a smaller
time frame looking at the 2hour Bitcoin
chart and right now the price of Bitcoin
is potenti ually forming a head and
shoulders pattern which is a bearish
pattern but this is only really a
bearish pattern with a bearish price
Target if we actually confirm a break
below the neckline which is sitting at
around
63.4k and so once again we need to see
candle closes below 63.4k at least on
the 2hour time frame but ideally on
slightly larger time frames like the
4-Hour chart for example with candle
closes below
63.4k and another confirmation sign to
watch out for would be a potential
retest of that level so basically if we
see a break to the downside and then
reject from that level by seeing a
bounce back up and then a rejection from
that level then in that case that would
be another confirmation signal further
confirming the break to the downside but
obviously at least as of right now at
the time of recording this video none of
those signals have actually confirmed
here on the Bitcoin chart and so at
least for now because we have not yet
confirmed a break below the neckline
this pattern right here and the
potential price target for this pattern
is not yet in play but if we do end up
confirming a break below the neckline
for this head and shoulders pattern on
the 2-hour Bitcoin chart then in that
case that would set up a bearish price
target for this pattern at around
$60,000 more specifically around
60.1k and so from the point of the
breakdown to that price Target that’s
potentially around a 5% move to the
downside but once again only if we first
confirm a break below this neckline
which as as of right now has not yet
happened and so for now while we’re
still holding above
63.4k as I just said and as I said
yesterday we’re still looking relatively
neutral here in the short term but if we
break that level right there then once
again expect a move down towards these
lower levels of support and if you want
to trade these moves in the price of
Bitcoin no matter if the price is
bullish or bearish you can make money in
either Direction with long positions or
short positions and personally I trade
those moves over on bybit so make sure
to leave a link to buybit in the
description down below and in the pinned
comment and if you use that link down
below this video to make a buybit
account and deposit on that account then
you can get up to a $30,000 deposit
bonus but only if you use that link down
below this video and also if you use
that link it’ll take you to this page
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you can only claim this free airdrop if
you actually use the link down below
this video and so if you’re going to be
trading crypto anyway you might as well
check this out once again first link
down below this video but for whatever
reason if you cannot access bybit or if
you cannot kyc on bybit there is also
bitflex which is another crypto exchange
similar to bybit but you don’t need KY
for bitflex and so I will also make sure
to leave a link to bit flex down below
this video as an alternative crypto
exchange and if we’re taking a quick
look at the Bitcoin liquidation heat map
we can still see a massive amount of
liquidity to the upside at around 67.3k
to 675,000 but we do have some liquidity
building to the downside at around
62.6 to
62.7k so right at around 625,000 to
63,000 once again there is liquidity
starting to build up in that zone right
there which simply means it’s becoming
slightly more likely that we could hit
that liquidity first before heading back
to the upside ultimately at some point
later on because usually if more and
more liquidity is starting to build up
especially quite close to the price of
Bitcoin usually Bitcoin simply takes out
that liquidity before heading in that
next Direction but anyway taking a look
at ethereum on the 8 hour time frame
right now the price of eth like I said
in my last video is still looking
relatively neutral here in the short
term because as I said over the last
couple of days I no longer expect this
bullish Divergence to continue to play
out and at the same time the price is
basically in a choppy sideways price
range in between this support
and this resistance first of all this
area of support is sitting in between
around 2850 to 2950 with some short-term
support at around 3050 approximately and
as for short-term resistance we have
resistance in this range in between 3.2k
to 3250 and more resistance in between
around 3470 to 3530 and significant
resistance at around 3650 but at least
for now just in the short term here the
price is simply lacking momentum to
either direction so as of right now we
don’t exactly have a strong Trend in
either direction just in the short term
here which is why I said also in my last
video that as of right now we’re looking
relatively neutral so I’ll not be
surprised if we do end up seeing a
little bit more choppy sideways price
action as what we saw over the last one
day or so and perhaps part of the reason
as to why we’re looking relatively
neutral in the short term is also due to
the fact that this bearish Divergence is
still actively playing out on the 3-hour
time frame and remember a bearish
Divergence usually plays out in the form
of either short-term bearish price
action or shortterm neutral price action
as the most likely outcomes and already
since this bearish Divergence actually
confirmed we’ve already seen a bit of
short-term bearish price action and now
some neutral price action and so
potentially over the next one day or so
it is quite likely that we could
continue this sort of neutral price
action just in the short term here and
if we’re taking a look at the price of
salana on the 8 hour time frame
obviously the price is continuing this
short-term pullback basically sliding
down this line on the chart and as of
right now this line is currently sitting
at around
$140 so basically if we start breaking
below 140 which was also a bit of
horizontal support right here then in
that case if we start breaking back into
the 130 range we will likely see a drop
back down towards around 128 as the next
significant level of support support
because we do have major support a lot
of buying pressure in between around 120
to 128 so once again if we start
breaking well below 140 it is quite
likely that we could return towards
these local lows as the next major
support and as for short-term resistance
we still have resistance in this area in
between around 150 to 155 with more
resistance at around 160 and more
resistance in between 167 to 172 but
believe it or not you can profit from
any of this price action no matter if
the price is bullish bearish or chopping
around sideways by watching these videos
popping up right here on your screen the
video in the top left shows you how you
can profit from bullish or bearish Price
action using long positions or short
positions and the video in the bottom
left shows you how you can easily profit
from choppy sideways price action but
anyway that is everything that I have to
say for today I really hope you enjoyed
and I’ll see you all in the next video

BITCOIN WARNING: PRICE BREAKING DOWN (Get Ready)!! Bitcoin News Today & Ethereum Price Prediction!
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Timestamps:
Important Bitcoin Analysis! 0:00
Ethereum Technical Analysis! 11:08
Solana Technical Analysis! 12:58

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*DISCLAIMER*
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