BITCOIN: This Changes EVERYTHING (Price Target)!! Bitcoin News Today & Ethereum Price Prediction!

BITCOIN: This Changes EVERYTHING (Price Target)!! Bitcoin News Today & Ethereum Price Prediction!

welcome back to the crypto Channel
everyone my name is Josh and right now
Bitcoin is playing out this short-term
bullish Divergence while ethereum is
forming a new pattern that we need to
pay attention to while it is also
breaking out to the upside from this
short-term bullish pattern and the
signal flashing on this chart could
change everything for Bitcoin and
ethereum so I’ll be talking about all of
that and more later in the video so
definitely watch to the
end first of all just giving you a quick
update on The Daily Bitcoin chart and
right now the parasa Bitcoin is still
basically forming a potential massive
bullish flag pattern but as I’ve said
recently here on the channel in order to
actually confirm this bullish flag
pattern and set up the bullish price
Target to the upside we need to see a
confirmed breakout Above This resistance
which is sitting at around 715,000
approximately and as for support for
this pattern right here that is sitting
at around 60 to 61,000 so the Bulls
really need to hold above 60,000
in order to remain within this bullish
flag pattern but at least for now just
in the shorter term here we’re looking
relatively neutral basically taking a
bit of a break at the moment from the
larger bullish trend on the larger time
frames and if we’re taking a look at
this daily Bitcoin chart looking at the
dxy also known as the US dollar Index
right now this is still potentially in a
bit of a pullback a bit of a correction
but on that last trading day we did see
a bit of a spike to the upside in the
short term in the dxy so we need to keep
an eye on what the dxy is doing moving
forwards because as I’ve explained over
and over again here on the channel if
the dxy is bearish that is usually very
bullish for the price of Bitcoin and on
the other hand when the dxy is bullish
that is almost always bearish or at
least neutral for the price of Bitcoin
and so as always I’ll be sure to keep
you up to date on what’s Happening Here
in the dxy and many other important
charts in these videos every single day
so make sure you subscribe to this
Channel with notifications turn on and
click all for notifications so that you
don’t miss out on any of these important
update videos and with that being said
zooming into the shorter term looking at
the 4-Hour Bitcoin chart and right now
the price of Bitcoin is basically still
within a choppy sideways price range
looking relatively neutral at least just
in the short term here and this is
something that I’ve been talking about
over the last 3 days give or take since
all the way back around here I’ve been
seeing how the price is lacking momentum
to either direction and so once again as
I’ve been saying on the channel since
back here I contined to expect a bit of
neutral price action basically choppy
sideways price action just in the
shorter term here as one of the most
likely scenarios just for now and as for
support and resistance in this sideways
price range right here we have major
support in between 61 to 62,000 with
some support at around 60,000 and as for
resistance we have this price range in
between 65 to 66,000 we also have this
level of resistance at a around 67,000
and another area of resistance in
between around 68 to 69,000 based on
previous support and resistance and now
obviously if you’re simply just holding
Bitcoin in this choppy sideways price
action this is obviously quite boring
for just the Bitcoin holders out there
as the price is basically going sideways
but for the Traders out there this can
be a gold mine in crypto when we’re
seeing choppy sideways price action like
this you can actually make a lot of easy
profits in this sideways volatility and
if you want to actually know how to do
that then stick around to the end of
this video to find out more but anyway
zooming further into the short term
looking at the 2hour Bitcoin chart and
obviously over the last couple of days I
was talking about this potential Head
and Shoulders pattern which initially
broke to the downside but as I talked
about in my last video here on the
channel the price was retesting this
neckline which was previous support and
I said in my last video if we confirm a
breakout with candle closes above that
level which was sitting at around
63.4k then that will invalidate this
pattern and the break to the downside
and over the last 1 day that’s basically
exactly what we saw a breakout back
above
63.4k and as of right now we’re
potentially flipping that level into new
support again and so once again
considering we have broken out back
above that neckline this now means that
this pattern right here and that break
to the downside here in the shortterm is
now invalid and of course one of the
main reasons as to why we’ve seen a bit
of a short-term bullish relief over the
last day or so in the price of Bitcoin
is due to this bullish Divergence
actively playing out here on the 2hour
Bitcoin chart and this is something else
that I mentioned in my last video
basically I said especially if we break
out above
63.4k then I would expect this bullish
Divergence to continue to play out at
least over the next one to two days or
so as the most likely outcome and as
usual a bullish Divergence usually plays
out in the form of either a bullish
relief or sideways price action
basically a sideways consolidation or a
bullish relief in the short term as the
most likely outcomes and now considering
this has already been playing out over
around 1 to 2 days or so obviously I
would not necessarily expect this to
continue to play out much longer
possibly over the next one day but
basically considering it’s only on the
2hour time frame I’d not expect this to
play out over weeks and weeks from now
because it’s only looking at the smaller
time frames here and so ultimately we’re
still basically within this sideways
price range just in the short term on
the 4-Hour time frame once again we’re
looking relatively neutral but this is
occurring within a much larger bullish
Trend when we’re zooming out and if you
want to actually trade these moves in
the price of Bitcoin or any other crypto
personally I trade those moves over on
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to bybit in the description down below
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there is also bitflex which is another
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you don’t need kyc for bitflex and so
I’ll also make sure to leave a link to
bitflex 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
lot of liquidity above the Bitcoin price
first of all we do have some short-term
liquidity some small amounts of
liquidity down towards around 62,000 but
with that being said we have a massive
amount of liquidity at around 67 to 672
,000 and we have some more liquidity to
the upside at around 715,000 and more
liquidity at around
73,000 and so basically once the Bitcoin
price actually crosses above around
675,000 for example then at that stage
billions of dollars of short positions
will be liquidated once the price
actually crosses above that level but
anyway getting into the ethereum part of
this video this is on the daily eth to
US dollar chart and right now the price
of eth is potentially forming a massive
falling wedge pattern and statistically
speaking a falling wedge pattern is a
bullish pattern because roughly around
2/3 of the time a falling wedge breaks
out to the upside and around a third of
the time a falling wedge breaks to the
downside and so it’s not impossible to
see a break to the downside from a
falling wedge but that is simply the
less likely scenario but either way the
bullish price Target does not come into
play at all it does not confirm until we
actually see a confirmed breakout above
this line of resistance which is
currently sitting at around
3450 and so once we actually confirm a
breakout above that resistance then that
will set up the bullish price target for
this pattern which is sitting at the top
of the wedge at around
$4,060 and there is a secondary way we
can measure a price target for a falling
wedge and if we’re taking a look at that
measured move that sets up another price
Target at around
4.3k and so basically we could like see
the price return to above
$44,000 if we first confirm a breakout
above around
3450 but obviously until we see that
breakout there’s still a possibility
that we could find more resistance
around that level so keep that in mind
and also keep in mind that even if we
see that confirmed breakout above 3450
we can still have some other levels of
resistance along the way where the price
can still potentially struggle at and if
we’re zooming into the shorter term
looking at the 8h hour time frame right
now the price is already breaking out
above this important area of resistance
in the short term which was sitting in
between around 3.2k to 3250 and so like
I said recently here on the channel if
we confirm a breakout above 3250 in the
short term that is a bullish
confirmation signal which will likely
send the price towards the next area of
resistance which is sitting in between
around 3470 to 3530 and we also have a
significant level of resistance right
around here sitting at around
3650 and so right now it’s clear that at
least in the short term the price of eth
is in the middle of a bullish relief or
a potential bullish reversal out of this
correction and another reason as to why
the price is looking a little bit more
bullish here in the short term is not
only due to those ETF rumors at the
moment which is of course sending the
price a little bit higher but also due
to the breakout from this bullish cup
and tendal pattern also on the 8 hour
time frame which I mentioned in my last
video and so like I said yesterday we
have the breakout line the neckline
sitting at around 3250 and so once we
saw a confirmed breakout above that
level with an 8h hour candle close above
that level once again that technically
confirmed the breakout to the upside for
this bullish reversal pattern and if
we’re measuring the technical price
target for this breakout from the
bullish cup and handle pattern that sets
up a price Target at around
3590 so just below
3.6k and so for example if you open a
long position around the point of the
breakout to that price Target that’s a
total of a potential 10% move to the
upside or for example at the time of
recording this video from the current
price to that price Target that’s still
potentially around a 7% move to the
upside until we actually hit that price
Target and so just for example that 7%
move could be a 70% profit with a 10x
leverage long position just for example
and as usual the point of invalidation
for this breakout would essentially a
break back below this neckline so back
below around 3250 and so if you’re new
to all of this that basically means if
we see candle closes back below 3250
then that will invalidate this breakout
for this pattern right here and
invalidate this bullish price Target and
so at least for now considering we’re
seeing this breakout Above This
resistance and we have an active bullish
price Target in play on the chart right
now the price of eth is looking more
bullish than bearish at least in the
short term and another reason as to why
the price of eth is looking a little bit
more bullish here in the short term is
due to the fact that eth versus BTC this
is ethereum versus Bitcoin on the weekly
time frame is now potentially starting
to play out a massive bullish Divergence
and considering this bullish Divergence
is playing out on the weekly time frame
this is a big deal because this could
play out over multiple months and once
again a bullish Divergence usually plays
out in the form of a bullish relief or
sometimes just a sideways consolidation
but so far we are seeing a decent bounce
in eth BTC which if you’re new to all of
this eth BTC is essentially ethereum
versus Bitcoin so basically when this
chart is going to the upside it means
ethereum is doing better than Bitcoin
whereas if this chart’s going to the
downside it means Bitcoin is doing
better than eth and so just for an
example of how we can trade this chart
right here we have to trade between
Bitcoin and eth and so once again this
is just an example but let’s just say if
we’re starting to flip more bullish here
on this chart you could perhaps convert
some Bitcoin into ethereum and let’s
just say if we see a move to the upside
in eth BTC let’s just say we see a 20%
move to the upside just for an example
if something like that played out and
you converted one Bitcoin into the
equivalent amount of ethereum at the
current price and then we saw a 20% move
to the upside and then at those higher
levels you converted that ethereum back
into Bitcoin so sold the ethereum back
into Bitcoin then in that EX example if
we saw a 20% move to the upside in eth
BTC you would have turned one Bitcoin
into 1.2 Bitcoin and now once again that
was just an example nothing that I say
is personal financial advice because I
don’t know your personal financial
situation but at least for now we are
playing out this new bullish Divergence
on the weekly eth BTC chart but we also
have this major descending line of
resistance to pay attention to which is
currently sitting at around
0.575 Bitcoin per ethereum and so
obviously if we can actually break out
above that descending line of resistance
right there then we can start to flip
much more bullish again on this chart
because in that case we would basically
be breaking this lower high structure
this massive downtrend because obviously
for a while now on this chart since all
the way back around August 2022 this
chart has been trading to the downside
which basically means Bitcoin has been
performing better than ethereum since
around mid2 22 but like I said in the
intro of this video this new signal
could potentially change everything when
it comes to the massive Trend here on
the eth BTC chart and with that being
said giving you a really quick update on
salana on the 8 hour time frame over the
last one day we’ve seen a little bit
more of a bounce back to the upside But
ultimately we’re still basically in this
massive sideways price range in between
this support and this resistance first
of all we have this massive area of
support in between 120 to 128 and we
have this area of resistance in between
around 150 to 155 with this descending
line of resistance right here sitting in
between that area of resistance at
around 151 to 152 as of right now and
above that resistance we also have this
area of resistance based on previous
support sitting in between 167 to 172
but once again at least for now the
price is looking relatively neutral as
we are in this sideways price range and
once again if you want to trade these
moves in the price of any crypto check
out those links down below this video if
you want to claim those extra bonuses
and if you want to actually know how to
trade crypto no matter if the price is
bullish bearish or chopping around
sideways like Bitcoin and salana right
now then make sure to watch 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: This Changes EVERYTHING (Price Target)!! Bitcoin News Today & Ethereum Price Prediction!
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Timestamps:
Important Bitcoin Analysis! 0:00
Ethereum Technical Analysis! 7:23
Ethereum VS Bitcoin!! 11:29
Solana Technical Analysis! 14:09

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*DISCLAIMER*
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments. Crypto World, “Josh” and affiliates are not responsible for individual loss due to poor trading decisions or any other actions which may lead to loss of funds.

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