BITCOIN BREAKOUT STARTING (Price Target)!! Bitcoin News Today & Ethereum Price Prediction!

BITCOIN BREAKOUT STARTING (Price Target)!! Bitcoin News Today & Ethereum Price Prediction!

welcome back to the crypto ball Channel everyone my name is Josh and right now the breakout is here not only for the price of Bitcoin but also for the daily Bitcoin RSI which is sending us a huge signal that we need to pay attention to so in just a moment I’ll be giving you a quick update on my 250k Bitcoin long position and ethereum as usual later in the video which is lagging behind Bitcoin right now alongside salana which is actually already breaking out to the upside in the short term 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 before getting into the Bitcoin charts today we need to talk about the Bitcoin ETF news today because on Friday we saw a massive net inflow and this was actually grayscale’s first ever daily inflow and if we’re actually taking a look at the numbers for the Bitcoin ETFs over this past week from Monday to Friday obviously the start of the week and throughout most of the week we saw decent net out out flows and so obviously two videos ago on the channel I shared that massive net outflow that we saw on Wednesday and of course on Wednesday and earlier in the week we will seeing bearish price action when we were seeing those large outflows but as I also mentioned here on the channel anything less than around $100 million either inflows or outflows anything less than 100 million in a single day isn’t really going to have a major impact on the price and so that’s why I didn’t really mention the Thursday numbers because they were kind of irrelevant they were very small small in either direction but once again we saw a massive net inflow on Friday with a net inflow of nearly 400 million us more specifically around $378 million us coming into the Bitcoin ETFs just on Friday and it’s not like this was just one big inflow from Black Rock or Fidelity this was actually spread out across pretty much all of the ETFs even grayscale which is the first time we have ever seen that happen because basically every single weekday where the stock markets open and the Bitcoin ETFs have been trading we’ve always seen outflows coming out of grayscale because they had a lot of Bitcoin in their ETF and very high fees so a lot of Bitcoin a lot of outflows were leaving grayscale and so basically over the last few months ever since January when the Bitcoin ETFs actually launched we were seeing pretty much daily sell pressure from Gray scale with massive outflows basically every single weekday but once again this is the first time ever that we are potentially starting to see a reversal with the first ever inflow into grayscale which is something important to take note of but anyway with that being said getting into the Bitcoin charts today looking at the larger time frames and over the last one day not much has really changed here on the larger time frames like the 3-day chart or the weekly chart and so if you’re new to the channel and you want to know more about these charts right here then check out my last video here on the channel to find out more and so getting straight into the daily Bitcoin chart taking a look at the daily Bitcoin RSI and over the last one day we have now officially confirmed the breakout in the daily Bitcoin RSI Above This descending line of resistance and so on The Daily time frame this is technically a sign of strength for the price of Bitcoin and as we’ve seen previously when we see a major breakout in the daily Bitcoin RSI above a major descending line of resistance that usually happens at the very beginning of the next major move to the upside over the next couple couple of months or so in the price of Bitcoin and it usually also happens after we have already experienced a decent pullback in the price of Bitcoin which is exactly what we just saw and so this is very normal price action to see even during a larger bullish Trend and once again seeing this signal confirm here in the daily Bitcoin RSI that’s basically telling us that we are potentially about to begin the next late to the upside in the bull market but it’s important to understand that during these laks to the upside in the large chart bull market of course we can see some red days here and there because once again this is on the daily time frame and if you’re looking at the candlesticks obviously during these bullish moves there are some red candles every now and again and so that is important to understand for anyone that might be new to all of this obviously even though we might be starting the next leg to the upside in the bull market we can still have some short-term pullbacks here and there some red days here and there but basically if the trend and momentum is bullish then then we’re going to have more green days than red days and the green days are usually going to be larger than the red days during a bull market and if we’re taking a look at this daily Bitcoin chart right now the price of Bitcoin is attempting a breakout to the upside we’re still right on the edge of potentially confirming a breakout and at the time of recording this video the price of Bitcoin has not yet actually confirmed the breakout from this falling wedge pattern on The Daily time frame because at least as of right now we still need to confirm at least a daily candle close Above This descending line of resistance which is sitting at around 64,000 but even though we have not yet fully confirmed this breakout in the price of Bitcoin from this falling wedge pattern obviously we are getting extremely close to potentially confirming the breakout because the price is basically on the very edge of this breakout level and if we actually confirm this breakout right here in the price of Bitcoin then in that case that would set up a technical price target for this falling wedge pass which is basically targeting these highs right here at around 72 to 74,000 and so once again if we see a strong daily candle close above 64,000 then expect a move potentially up towards these highs once again potentially in the next few weeks or so and in order to actually invalidate this pattern altogether we would need to First confirm a breakout and then see a confirmed break back below the point of the breakout in order to invalidate the breakout and invalidate the pattern which obviously right now has not happened we have not even confirmed the initial breakout at least as of right now but once again just reminding you that the dxy has already started a major pullback to the downside as I’ve talked about over the last few days which is another bullish signal for the price of Bitcoin but at the time of recording this video the dxy is currently not trading that market is currently closed which basically means we don’t really have any new updates for the dxy as of right now but once again if this pullback Contin as we’ve seen over the last few days in the dxy then continued to expect more of a bullish reversal in the price of Bitcoin as I’ve already been saying since much lower prices and something else that I’ve been talking about since much lower prices over the last few days since all the way back down here is this short-term bullish Divergence on the 2hour time frame which has been actively playing out all the way up until basically right now but considering the fact that the 2hour Bitcoin RSI is currently brushing against overbought territories I would not necessarily expect this bullish Divergence to continue to play out really any longer and now obviously that does not mean that the bullish price action is going to definitely completely stop right here because obviously we can see other bullish signals on the chart like a pullback in this dxy or like a breakout from this bullish pattern but essentially considering that this bullish Divergence is not really actively playing out anymore with the RSI overboard we kind of need to see those other bullish signals on the other charts in order to you expect more bullish price action for the price of Bitcoin and just giving you a quick update on my Bitcoin long position which I’ve already been sharing on the channel since all the way back down here first of all around 2 to 3 days ago now on the Channel all the way back down here I was already sharing that my trading strategy in the short term is to scale into a Bitcoin long position and then I actually shared this trade in my last video and so once again this is still currently a $250,000 Bitcoin long position currently sitting around $20,000 in profits and as you can see right here and as I also shared in my last video my stop loss for this trade is already sitting slightly in profits above my entry which means even in the worst case scenario if the Bitcoin price just crashes right now that would hit my stop loss and close to trade in profits and as of right now I’m simply leaving this Bitcoin long position open due to multiple bullish signals that we’re seeing flashing on the chart right now and especially if we confirm this breakout for the falling wedge then once again in that case I’ll simply continue to trade that move to the upside towards these highs once again as the next major price Target if we confirm this breakout and potentially at some major levels of resistance if I start to see the price of Bitcoin running into some major levels of resistance or hitting major price targets and then if the price starts sort of struggling around those levels I may take some short-term profits out of this long position and usually what I also do is as the trade moves further and further into profits I also slowly move my stop- loss further and further into profits and so that eventually when we see some sort of Crash back to the downside that will just trigger my stop loss and exit the trade in massive profits and so once again that is my trading strategy for Bitcoin right now that is my current trade that I’ve already been talking about since much lower prices over the last 3 to 4 days or so and if you want to take Bitcoin trades just like this no matter if the price is bullish or bearish you can use long positions in the bullish direction or short positions in the bearish direction to profit no matter what what direction the price goes then in that case if you want to take trades like this check out buybit link down below which is the exchange that I’m trading on right now and if you use that link down below this video to make a buyit 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 right here where you can claim an exclusive 200 usdt airdrop position which is basically a free 200 usdt trade when you’re making your first trade on bybit but only if you use that 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 byit there is also bitflex which is another crypto exchange similar to buybit but you don’t need KY for bitflex and so I will 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 here map we can see right now the price of Bitcoin has already liquidated a lot of short positions over the last one day and this is exactly what I was talking about over the last few days since much lower prices once again I was exactly talking about a short squeeze coming and this is now the short squeeze playing out as expected and as of right now we still have a major area of liquidity at around 64.8k approximately and so there’s still a pretty good chance that we could take out that liquidity just above the current price and also if we’re zooming out to much larger time frames we can see massive areas of liquidity to the upside first of all a major multi-billion dollar area of liquidity sitting at around 675,000 approximately and another significant area of liquidity sitting in between around 715,000 to 72,000 and so basically those areas of liquidity above the current price are kind of acting as magnets for the price of Bitcoin pulling the price towards those levels and also once the price of Bitcoin crosses above those levels on the chart then billions of dollars of short positions will get liquidated which can send the price much higher in a major short squeeze and so this is definitely something important to pay attention to especially if we break this level right here which is sitting at around 675,000 so basically this high right here and so if we break out above that high right there we could quickly return turn up towards the alltime highs at around 74,000 and if we’re taking a quick look at the Bitcoin and crypto funding rates across multiple different exchanges right now a lot of the funding rates are still either below neutral if not negative and so as I’ve also been talking about over the last few days these negative funding rates are another ingredient for a short squeeze and I explained in more detail about the funding rate in my last couple of videos here on the channel so if you’re new to the channel and you want to know more about these funding rates then check out my last couple of videos here on the channel and with that being said getting into the ethereum part of this video this is on the daily time frame and right now the price of ether is continuing the short-term Bounce from this descending line of support which was sitting at around 2.9k and so right now we’re basically right in the middle of this falling wedge pattern in between the support and the resistance with this resistance line sitting close to 3.3k and so basically right now the price of eth is potentially just lagging behind Bitcoin obviously Bitcoin is already at that resistance line getting very close to confirming a potential breakout whereas obviously the price of eth at the moment is indeed lagging behind we still have a way to go before actually hitting that resistance and then eventually confirming a breakout if we confirm candle closes above that resistance and if we actually confirm that breakout above this line of resistance then that will set up a bullish price Target at this local high sitting at around 4,000 to 4.1k but once again as of right now that potential price Target is not yet active it is not yet in play and not yet confirmed because we have not yet confirmed the breakout Above This resistance and if we’re taking a look at that 8 hour time frame right now the price of eth is still continuing that short-term Bounce from this area of support that I’ve mentioned recently here on the channel and once again we are also bouncing from oversold territories in the 8 our ethereum RSI which is also something else that I mentioned here on the channel and so basically if give my analysis for the price of eth right now in the short term it would basically be the exact same thing as I said yesterday because nothing has really changed right now because as of right now the price has not confirmed any new signals or any new breakouts or breakdowns below support or above resistance and so if you want to know more about the price of eth and what we could expect in the short term then check out my last video here on the channel to find out more about these charts and so if we’re taking a look at the price of salana on the 8h hour time frame unlike the price of e salana has actually just confirmed a new signal that we need to pay attention to and as of right now this is One initial 8h hour candle close at least slightly above this descending line of resistance now ideally we need to see a little bit more confirmation like at least an extra 8h hour candle close Above This resistance or even better a daily candle close above this line of resistance but basically this descending line of resistance was sitting at around $144 and so far at the time of recording this video we’re trading slightly above that level but we still have more resistance above the current price sitting in between 150 to 155 and another level of resistance at around 160 and another area of resistance in between 167 to 172 and so just to keep that in mind obviously the price could still struggle at those levels right there but basically once we start confirming a breakout above some of these resistance levels like for example above 160 and I IDE back above 172 at those stages we can start to become much more confident that the price is actually starting to reverse in the bullish Direction out of this short-term pullback or short-term bearish Trend into a new short-term bullish Trend also known as another leg to the upside in the larger bull market and also we potentially have a massive bullish Divergence right here on the 8 hour time frame which is something else that I talked about recently here on the channel a few days ago because as we can see here we have confirmed higher lows in The 8 Hour salana RSI while also confirming lower lows in the price action in the candle closes and so this is also potentially playing out right now basically a massive bullish Divergence resulting in a bullish relief in the price and once again if you want to trade these moves in the price of any crypto check out those links down below this video 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 then make sure to 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 he can easily profit from choppy sideways press 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 BREAKOUT STARTING (Price Target)!! Bitcoin News Today & Ethereum Price Prediction!
🔥 *Register on Bybit* 👉 https://bit.ly/200Airdrop 👈 *(Up to $30,000 BONUS!)*
► How To Trade on Bybit (Step by Step Tutorial): https://youtu.be/oIr4rxDb82U

🔥 *SIGNUP TO BITFLEX* 👉 https://bit.ly/BitflexSignup 👈 *(No KYC)*
🤑 Deposit & start trading to Earn Up To *$68,888 in Rewards* 🤑

► Pionex 👉 https://bit.ly/PionexGPT 👈 (10% discount on fees)
🔥 ChatGPT Passive Income Method: https://youtu.be/ckY3o_1XNqI

► SIGNUP TO BITGET 👉 https://bit.ly/BitgetSignup 👈 *($5,000 Bonus)*
🔥 15% OFF Trading Fees + Copy Trading 🔥
► How To Trade on Bitget (Step by Step Tutorial): https://youtu.be/fxAiNcRXrPg

💰 Crypto Trading Course 👉 https://cryptoworldjosh.com 👈

💳 *NEW Bybit Card* 👉 https://bit.ly/BYBITcard 👈 *(Up to 10% Cashback)*

► Bybit Trading Bot 👉 https://bit.ly/BybitTradingBot 👈
► Trading Bot Tutorial Video: https://youtu.be/TzvmikI974E

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

💬 Follow Me On Social Media:
► Twitter: https://twitter.com/CryptoWorldJosh
► Instagram: https://instagram.com/CryptoWorldJosh
► Backup YouTube channel: https://www.youtube.com/CryptoWorld2nd

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
✅ OTHER CRYPTO PLATFORMS I USE:
► I use CryptoQuant for On-chain Analysis: https://bit.ly/CryptoQuantJosh

► I use TradingView for Technical Analysis: https://bit.ly/TradingViewJosh
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Timestamps:
Bitcoin News Today!! 0:00
Important Bitcoin Analysis! 2:38
Ethereum Technical Analysis! 12:33
Solana Technical Analysis! 14:24

*Bybit $30,000 Bonus breakdown:
► Up to $30,000 from Deposit Blast off

*Bitget $5,000 Bonus breakdown:
► Up to $5,000 from Deposit Bonus

#Bitcoin​ #BTC #Ethereum​ #ETH​ #CryptoWorld #Solana #SOL #Cryptocurrency​ #Invest​ #Crypto​ #TheFed​ #News​ #marketanalysis​ #entrepreneur​ #business​ #success​ #investment​ #finance​ #bitcoins​ #StockMarket​ #BestCryptocurrency​​

*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.

This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.

This video relates to the following:
bitcoin, btc, bitcoin news, btc news, bitcoin price, btc price, bitcoin news today, bitcoin today, btc news today, btc today, crypto, cryptocurrency, cryptocurrencies, digital currency, digital currencies, crypto world, cryptoworld, cryptowrld, crypto news, cryptocurrency news, altcoins, altcoin news, best altcoin, best altcoins, ethereum, litecoin, bitcoin cash, news, bitcoin breakout, bitcoin price target, bitcoin price prediction, btc price target, btc price prediction, price prediction bitcoin, price prediction btc, ethereum price, eth price, ethereum today, eth today, ethereum price now, eth price now, ethereum news, eth news, ethereum breakout, eth breakout, price prediction 2024, price target 2024, btc target, eth target, bitcoin price breaking out, bitcoin price breakout, ethereum price breakout, ethereum price breaking out now, 2024, end for bitcoin, bitcoin crash, bitcoin price prediction, bitcoin price prediction 2024, bitcoin 2024, bitcoin crash, bitcoin crashed, crash bitcoin, bitcoin dump, bitcoin pump, bitcoin dip, buy the dip, bitcoin bear market, bitcoin bull market, new prediction, new bitcoin price prediction, bitcoin explained, bitcoin analysis, buy bitcoin, bitcoin sell off, bitcoin bottom, ethereum crash, ethereum breakdown, ethereum dip, ethereum crash 2024, buy ethereum, buying ethereum, alt season, altcoin season, altseason, altcoin season 2024, alt season 2024, technical analysis, bitcoin technical analysis, trending cryptocurrency today, crypto predictions today, when will bitcoin crash, ethereum technical analysis, ethereum signal, ethereum merge, bitcoin conference, crypto news, recession, stock market, ethereum merge explained, ethereum merge price prediction, ethereum merge date, ethereum merge news, solana, sol, solana price prediction, solana crypto, solana news today, solana news, solana coin, solana technical analysis, bitcoin etf, bitcoin etf news, bitcoin etf update, bitcoin etf approval, btc etf, blackrock bitcoin etf, bitcoin blackrock etf, will bitcoin etf get approved.

– Crypto World –