Bitcoin Price Prediction and News (URGENT Chart Pattern!!)

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Bitcoin Price Prediction and News (URGENT Chart Pattern!!)

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it’s time to talk about some straight up Bitcoin guys because Bitcoin is sitting at a key key level right now and could be very much on the brink of creating an absolute blast to the upside to unseen territories well I mean look at this we’re consolidating at a state where the market almost feels a bit boring last time round we were at this price level in 20 21 over here and things felt euphoric things felt absolutely unbelievable and amazing and Brilliant and just so fun but right now we’re sitting at 71k and I don’t know about you guys maybe I’m just different now compared to how I was then but the market doesn’t feel as exciting I’m not getting that retail receptivity as well I feel like many guys in the markets are just fading out and getting a little bit bored of all of this sideways trading at the moment but guys things are looking honestly good so 71.2k Bitcoin at the moment looking at the last 7 days has been incredible we’ve seen from 7 67k up to very high 71k region from a market cap point of view this moves Bitcoin from low 1.31 trillion up to $1.4 trillion and on the month again the growth reflection is huge you’re really looking at 1.2 on a low up to these 1.4s and I think Bitcoin could potentially break through at least 1.78 trillion in the next quarter or so and hopefully by the time it does reach a Peak alltime High it will actually finally surpass $2 trillion in valuation so this is glorious to see um and by the way in terms of its Market Capital Bitcoin is actually at an all-time high right now the price is not quite there and the reason that is because of the token dilution we’ve seen some emissions from 2021 one to now so it just slightly reduces the value of each token as more Bitcoins do now enter circulation but not by you know a large amount anyways investor confidence SES with $488 million in flows into US Bitcoin ETFs says here on Wednesday us spot Bitcoin exchange traded funds saw inflows amounting to around 500 million with Fidelity’s fbtc leading the way these inflows Mark the 17th consecutive day of contributions from 11 publicly traded funds you can see here us spot Bitcoin etfc morean flows on 17th consecutive winning day pardon me says over here us spot Bitcoin ETFs enjoying a winning streak so this is great here lots of positive attention you know billions potentially flowing in um but we’re not getting that true price reflection just yet but overall this is good stuff ETFs are here and more and more attention from Legacy markets are flowing in looking at the day as well we’ve got bit of a mirage between red and green the market does feel like I say it doesn’t feel super bullish but it doesn’t of course feel bearish at the same time even though we do have extreme greed in these markets right now it just doesn’t feel euphoric at the moment which is I guess a good thing to be fair um guys if you are new here by the way please do uh join the Discord Channel Down Below um which would be fantastic please do just click down below find the Discord over 26,000 discords in here and subscribe if you do want to hit your crypto goals this coming year and achieve your hopeful Financial dreams now let’s move into what’s happening with the 200 we moving average you can see on the 200 week moving average heat map we’re actually quite above the uh the ideal time to be buying so anytime Bitcoin is below this red line is effectively a good lowrisk area not Financial advice to be accumulating Bitcoin we’re far going we’re far far gone it doesn’t mean we can’t see Bitcoin reflect a 2X from here but I think the days of a five 10x in this bull market cycle do no longer remain and just looking at Bitcoin from a simple way you know we don’t have to over complicate this we can see the RSI did hit over 80 recently hit 88 in March it came down to 62 cooled off a little bit and here we can see we’re actually printing a broadening triangle a broadening triangle right here where we’re getting the basically the the convergence as opposed to you know an Inver uh sorry a Divergence we’re getting Divergence I just making up my own words over it what you can see is looking at this previous 73.6k alltime high now we we can get ourselves an ideal Zone I think $80,000 is Round the Corner for Bitcoin might think I’m crazy but I do think it could potentially happen that’s asking for a 133% increase that’s the 141 and the 261 again takes you to $101,000 in between the pragmatic ratio the golden pocket is $84,000 so if we can blast through which we are holding above the previous alltime High anyway of $69,000 in the last cycle but guys we really got to start pushing through these resistances you can see every time in the weekly getting slightly rejected but we are so close so so close for a breakout if we get that breakout it’s going to be powerful it’s going to be rigorous it’s going to be strong um you can actually see here almost look like a cup and handle forming just just looking at it very slowly it’s just straight up consolidation it’s good we we’ve come down to these support region 67k we’re bouncing back up we’re seeing everything from the Bulls we’re seeing the bite back from the Bulls it is teeth in to the charts right here teeth into the candles the balls are hammering right now to keep this price looking stronger we’re getting the news we’re getting the retail money slowly come in but we’re not really in a place of fomo we’re not feeling the fomo which I think is a good thing as well uh what has also happened on this RSI again we were at 87 not long ago Bitcoin actually did come down to quite a nice low here on the RSI on the 2nd of May it’s been now a month we hit 34 in the RSI and it’s good to see that price stability even after that dump that we saw uh for Bitcoin when it was at 73k it came down to 56k so it did its correction and these 20% Corrections are typically normal in these bull market environments we haven’t really had that many massive Corrections for Bitcoin this cycle it’s been a it’s been less volatile than I remember we’ve had a few 20 % corrections but they used to be once upon a time I mean if we look at these Market Corrections before Bitcoin used to correct so much harder so much harder like you can see from these previous Market Cycles dating back long long times ago these Corrections used to be like 40% and I I think those 40% Corrections are gone I don’t think we see those 40% Corrections anymore because we’ve just got a much larger market Capital much more tvl is locked in more people are just simply holding and these 40% Corrections are kind of no longer really here maybe this is one I don’t know let’s find out it wasn’t it was still just a 20% correction here folks and this was the Inception of the ball run really around October 2023 so I think the days of 40% Corrections are kind of gone for Bitcoin we’re not really seeing that anymore Maybe not maybe I’m wrong but right now that’s how it feels so yeah really interesting insight there I think we could see $88,000 for Bitcoin soon very very greedy on the market side of things 77 at the moment also guys if you’re loving crypto and you do want to get yourself some trading signals also become part of an alpha group VIP signals all that juicy stuff check out my Discord Channel Down Below check out my patreon as well if you want to become part of the crypto Legends we’ve only got 14 spaces remaining also the crypto Champions now only 20 spaces remaining you’re going to get technical analysts giving you trade signals every single day as well as early calls on 10x potential memes cryptos and things like that um so yeah check it out you might like it if not not a problem at all play Doge as well just to quickly update about to hit $3 million raised for the play Doge new play Ear meme coin looks absolutely fascinating very fun very vibrant could be a good one to potentially uh check out as well guys not Financial advice but certainly raising quick and we’re ready up to 2,400 followers so just to quickly update and give a little uh I suppose nudge on that one if you guys have been waiting to see what’s going to happen with it certainly looks like an appealing one for the crypto markets before we head off Bitcoin rainbow chart uh apparently according to you know blockchain Center we’re sitting in the buy region so it’s it’s a buy apparently according to them so markets are looking pretty good think we’re in a good space and I hope that we will see an all-time high for Bitcoin very very soon in terms of price we certainly there by the market Capital but can we see Bitcoin touch $80,000 I think that’s when we’ll start to see Market fomo again because right now it’s kind of like well validation invalidation we’re there then we’re not there oh we’re moving up then we’re not moving up and I think once we hit 80 it’s going to be a big green flag like yes Bitcoin is winning right now crypto is winning right now so yeah guys see you soon hit the notification Bell if you’re new here not Financial advice and please do subscribe as well see you soon stay crypto safe