BITCOIN Bulls ACTIVATED! (Crypto Set To EXPLODE!)

BITCOIN Bulls ACTIVATED! (Crypto Set To EXPLODE!)

so much good stuff happening on this Bitcoin chart a couple targets to the upside in the 70s in the 80s and I’m talking the thousands right now this daily chart looking really good for BTC if you’re out there right now you’re enjoying this crypto pump please hit the like button on this video please hit the Subscribe if you’re not a subscriber and let’s just jump into it I want to talk about the targets to the upside as always there is there’s there’s reason to be careful on this chart right now I think the current daily candle still 8 and 1 half hours as I do this video is going to be very telling and specifically the price Bitcoin is trading at right now really key so I want to dive into the Bitcoin daily chart that you see here a lot going on but I would say mostly all good stuff before I do that I just I want to go over to the weekly and just I want to ask a question I the Bitcoin having just happened there is a supply shock happening not just from a Bitcoin having perspective which happens every cycle but now from just kind of this demand perspective truly the Bitcoin spot ETFs are still a big deal in my in my view on the macro on what’s going to happen with the supply shock of Bitcoin but how can you not be bullish on crypto right now how can you not be bullish on bitcoin just to give you a sense on the macro from the swing High to swing low and I’m going to I’m going to keep talking about this there’s our Fibonacci bull market doors Bitcoin just broke that this was not long ago in February a little bit earlier this cycle Bitcoin having happens Bitcoin right now from a price perspective if we’re looking at what just occurred Bitcoin Revisited the upper end of the Fibonacci area the bull market doors I ask how can you not be bullish on this chart because if you just go back two cycles ago this is a 2017 move Bitcoin kind of having a retrace post Bitcoin having to that bull market door area and the 20we moving average the very fact that we see so much Synergy and that consistency right now on this Bitcoin chart is insane and then you go to bitcoin monthly chart and we’re looking at a very similar time of this cycle right this was the move back in 2017 Bitcoin consolidating post Bitcoin having just look at this over over bought on the RSI on the monthly takes a little bit of a of a break a breather and then the bull market really just takes off for Bitcoin and crypto look what’s happening overbought on the monthly not crazy overbought like we see at bull market highs by the way and then it cools off there is so much room on this monthly chart everybody I don’t know how you can’t be bullish on this Bitcoin chart on crypto in general let’s dive into the charts talk about the daily I want to I want to actually show a clip this is from 12 days ago really fast check it out 20-day moving average around 63 I’m not getting excited until it’s breaking that area and then the 50-day moving average around 66 so we have a little bit of a ways to go for Bitcoin around all right little bit of a ways to go 12 days ago bitcoin’s there this is and this is where I I don’t get I don’t like using the word excited it’s too much of an emotional word but I do I get excited I I like to see crypto pump I like to see it test crucial areas especially when we’ve just been in a downtrend we had the 20-day Crossing below the 50 right here that’s always just a sign that hey we’re in this consolidation phase we’re going to need some patience this is a daily chart so this has been this has been months of consolidation to the downside now let’s we’re going to talk about targets to the upside the breakout that potentially is in play but I do want to just get this out of the way the resistance is right here I I I showed that clip because again it’s the moving averages it’s flipping those moving averages and breaking back above turning those moving averages into higher high higher low support is what we want to see so on a Bitcoin daily chart it’s like you can just zoom out flipping that right the 20-day Crossing back above the 50 and then seeing support and higher highs and higher lows above that’s what I want to see right now and this is where it’s going to be fun to watch in the next 8 and 1 half hours bitcoin’s testing right at the 50-day moving average it’s around 65,000 $100 or so Bitcoin is there can Bitcoin continue this move to the upside and how will the daily candle close will it Wick above and then we’re actually going to close below will it close the daily candle above the 50-day one thing I want to do is I want to go back and and then we’re going to talk about the upside targets I do want to go back and just zoom out a little bit on the daily this has been the story of Bitcoin higher highs and higher lows from the bare Market low but I do want to point something out when Bitcoin was in this consolidation back here High swing High to swing low uh this was in like April May there was this move that happened right Bitcoin you have that 20-day very similar the 20-day Crossing below the 50 Bitcoin broke above the 20 and made a move to the 50 and it looked really nice right when it’s happening this move could be like from That Swing Swing Low to swing High almost a 10% move could be like man we we made it the consolidation is over and then what happened rejection at the 50-day and Bitcoin actually went lower right before kind of really making a power move all the while if we look at the RSI it was just continuing to consolidate this this momentum oscillator so right now it’ll be very interesting to see if Bitcoin could break that 50-day moving average in blue and and not have to go a little bit lower not have to see more consolidation but I want to get this out of the way if Bitcoin sees rejection starts falling even lower maybe even to the Target that we have here out of the symmetrical triangle back here the target is a lower 50s if it happens I will be keeping such a close eye and I won’t be bearish I will be keeping such a close eye on this RSI because there could be incredibly bullish Divergence in a move like that Bitcoin goes lower hits the target but it’s putting in some type of higher low on the RSI and then we might be getting ready to really go crazy but bullish talk now Bitcoin right now testing that 50-day if Bitcoin can break out and and there is an environment just for risk on assets right now that really does say this could happen we get this breakout out of the 50-day we have a couple targets that I’m personally watching one of them is kind of this obvious Target which we’ve talked about for quite some time now we have this massive Rising wedge that Bitcoin broke out of in February talk about it a lot we’re still waiting on the the target to the upside um the targets is like 80 to $85,000 to the upside out of that Rising wedge right we’ve had such a just really nice technical analysis move and that is to say textbook move a revisit to the apex of the wedge got the support and right now bitcoin’s trying to break back to the upside so often times we’ll get a move out of a pattern a throwback to the pattern and then continuation to the Target and to the 80 $85,000 range that could be the setup this would be an amazing move on the macro and the other Target I’m watching is more maybe a little bit smaller shorter term I mentioned this in a video I don’t remember what video it was but just kind of the vibe that I get and the consolidation that’s taking place here inverse Head and Shoulder Vibe right kind of a left shoulder the Bulls step in they fail there the bear step in bring it down even harder for the the head we move back up right bull stepping in failing the Bears bring it down not as strong and the Bulls stepping in there’s an inverse Head and Shoulders really truly in play the breakout and and the 50-day moving average almost looks like kind of a neckline area of the inverse head and shoulders I just I love seeing that as a technical analysis person CU a lot of times this looks like art on the screen look at this resistance that’s the neckline it’s a 50-day moving average Target to the upside if Bitcoin can break this I think it’s around 75ish is is what I kind of was talking about in the last video not I don’t remember exactly but if we look at this inverse Head and Shoulders potential setup the breakout around 75 73 to $75,000 so that’s that’s that kind of midterm short to midterm I mean that could happen so quick bitcoin’s at 65,000 if you don’t think that Bitcoin could make a a 15% move to a Target like that I’m not saying like today or like in the next two days I’m just saying as this next leg up that’s just what Bitcoin does if it’s going to make a bullish breakout and that’s my target that’s my first Target uh to the upside for that to happen notice one other thing actually as we’re as we’re looking at this if we extend the symmetrical triangle lower high type of uh setup right for Bitcoin look at that trend line falling almost right exactly where Bitcoin is right now just above that 50-day moving average resistance we’re looking at that area the 65,000 to $66,000 area right now for Bitcoin is the key area that I will be watching today um but yeah we have targets to the upside we have the target to the downside it’s still in play I’m always careful especially when we’re at these areas of resistance bit quick could fall this might not be the breakout even with that being said everybody I’m just very bullish just going back to the beginning of this video what we just looked at on the weekly on the monthly I truly think there’s a lot in store for this bull market for crypto and we’re just tracking it so everybody let me know your thoughts about Bitcoin right now in this daily chart what do you think it’ll do next how you doing out there hit the Subscribe hit that like I appreciate you cruising through I’ll see you in the next video God bless

In this video, I discuss the positive momentum on the Bitcoin chart, highlighting targets in the $70,000 to $80,000 range. I emphasize the importance of the current daily candle and its potential impact on Bitcoin’s price, noting that the daily chart looks very promising. I also touch on the Bitcoin halving and the supply shock, as well as the influence of Bitcoin spot ETFs. Analyzing both the weekly and monthly charts, I point out consistent patterns and bullish indicators. I mention the significance of breaking above moving averages and the possibility of an inverse head and shoulders pattern, suggesting a potential breakout to $75,000. While I remain bullish, I advise caution and patience, especially around resistance levels. Overall, I’m optimistic about Bitcoin’s future in this bull market. If you enjoy the content, please like and subscribe. God bless.

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Intro 00:00
How could you not be bullish? 00:45
Waiting for this resistance bull confirmation 2:30
Careful, this might not be the breakout 5:00
The bull targets in continued breakout 6:00
Cool Bitcoin pattern $75k Target 7:00

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