Will Bitcoin Break This Week To $110,000?

Bitcoin is yet again on the precipice of a major move as daily volatility represented by the bbwpor right here is at extreme lows for the first time since actually October the late October uh beginning of the prior rally so this is a signal that Bitcoin is very likely to break the range early this week maybe even today as we'll be getting into in today's video we'll also go over kind of you know objective signals that would identify if Bitcoin is likely to use this this this fuel as a massive breakout into the deep six-digit territories

and then also will go over uh the conditions for a bit of a pullback because there is actually a very nuanced um interpretation of kind of what's going on right now uh for this particular day so without further Ado let's just jump right into it starting off with some daily Price statistics we can see that Monday is actually one of the most likely to close positively days uh for Bitcoin since 2024 began in fact it is the highest probability of any weekday to close positively and it also has the highest positive return so it is

quote unquote the most bullish Day meaning that at bit is going to break out today would be a damn good day to do that as we do see that the average percent gain on those positive closing Mondays is over 3 and a half% in the average loss for those negative closing Mondays which was you know almost 42% of of you know of all Mondays so this is like not a 100% thing but uh but we can come up with ranges for this anyways that is a little bit over 2 and a qu% for reference from

today's open we've already seen that 2 and a qu% move play out to the downside um you know if you are looking for that average return to get hit meaning that a b coin really starts to trade below today's low probably a good indication that we are going to see um you know an actual short-term reversal right here by the same token as long as Bitcoin does hold above there you know there is potential for for for for for for Bitcoin to actually make new all-time highs today the average return the average return for again

those positive closing Mondays is 3 and a half% which would put Bitcoin at almost 105,000 bucks uh and at that point I think Bitcoin just you know probably just explodes from there honestly uh into the 110 zones um of course because it is Monday we do have the Monday strategy fired up and going as well here using the Quant Prime um service on the background to kind of derive these statistics it's a very simple strategy it's the most simple strategy I'm not saying this is a great strategy but it's a good sort of guideline to

maybe take into account when you're doing your own analysis your own or you know or your own trading but this strategy right here is just testing over the last 10 years of history for Bitcoin what would happen if you longed at the start of Monday at 00 UTC and then close that long at 10:00 a.m. UTC on the following day Tuesday and if you go back in the past 10 years and we can actually go throughout the full history it is it is even better than this obviously but you know those early years are super

exaggerated um we do see that Monday or or sorry play out that strategy has yielded uh you know positive results over time it however doesn't have a super high strike rate it's uh just under 52% so nearly a coin flip and the profit Factor actually quite agreeable there as well in fact the average winning trade yeah about 3 and half% very in in alignment with those Monday statistics so going back into it right here uh we should know that the last two of these trades have actually been losses again don't want to get into gambler's

fallacy but two losses you know just had uh well to be fair it actually did have four wins before that before the before the last prior loss so you know is it possible that this could happen yeah absolutely but here's the thing if Bitcoin is going to indeed bust to the upside uh we probably don't expect it to go too much lower than what it's already done today actually um if that starts to happen then I would really consider a lot of the things that I'm going to bring up right here so so this is

for uh that sort of opposing view um as of right now the daily time frame I made a Twitter post about this but it's actually going to be outdated perhaps um but uh but uh but basically the daily time frame right here for daily RSI is in the process of potentially making a local high which would initiate regular bearish Divergence right here um now the indicator itself is not showing this potential because it's not it's not there just yet if Bitcoin comes back down to today's lows it will um and of course if Bitcoin close

below you know especially yesterday's low then that will certainly confirm this as a local high and at least I shouldn't say at least but extremely likely we see at minimum a pull back down to about 90,000 sorry 95,500 um with potential for lower as well but I'd still take it one step at a time but at least 955 and then re um re relook at things you know if and when that does happen uh but again with volatility this low you know we do expect a resolution of this formation very likely I mean extremely lik

this week probably even today or tomorrow um so so Bulls are kind of on a ticking Time Bomb right here you can see that there are certainly some things in FA you know in their favor but not only do we have potential for regular bearish Ence again this is not confirmed just yet if it if if those conditions that we laid out earlier it will be um but uh but you know another condition to be aware of over here wait I'm just drawing damn lines is is that the daily stochastic oscillator while it has been

playing off of this regression and did actually fulfill the pivot of yesterday's video as well it is once again it is once again in Jeopardy here uh as we do see that the current level to maintain or sorry the current number of price to maintain this current level of momentum is $1,255 it's a crazy number to say after like double checked that a few times like what the [ __ ] there's six digits now this crazy um uh but yeah you know if Bitcoin does close below there probably an early indication that this regression will

break and we will see obviously something else new going on and uh and and if something else new is going on and the prior thing that was going on was you know all these marking off these major higher lows then would really have to entertain the possibility of perhaps even a deeper pullback um you know I guess at that point my personal opinion however is that you know I'm still going to be biased towards the upside until these things are 100% verified which could happen um by the end of today again daily closure below yesterday's

low that is the most obvious one um yesterday's Low by the way is 98 750 and also if if Bitcoin were to close above there but but Clos below this pivot right here I'd say that's still in limbo but if you see both of these things at the same time which naturally this one will follow the other one um then you know very likely we do play it a bit of a pullback and uh and go back to the drawing board anyways um I did want to also revisit the setup as well if you were

on this channel for the past few months you've seen me bring this one up it's a it's a very simple setup as well again using the Quant Prime service right here to set this one up for the five-day time frame just using the five exponential this red moving average to govern entries and exits if Bitcoin Clos above enter and when Bitcoin Clos below exit and when we look at the full result of History over you know over bitcoin's full history here uh you know we have over 100 trades we have a very high profit Factor

again you know these Early Trades we're doing significant amounts of numbers um and uh in the percent profitable you know around almost 40% so this last one did fire off at 63 or under 63,000 bucks so this one has been valid for quite some time to put a number on that it has been valid for working on 65 days as of tomorrow's closure why am I bringing that up because if we go into the performance summary right here we can actually look at the average amount of bars and winning trades that it typically has my

cursor is on it right now although my head is is uh is hiding the criteria name but it is 10 bars 10 bars 10 bars is 50 days we are currently at day number 65 so is it likely that that you know that Bitcoin or sorry that you know this could trade a bit sideways and down yeah I suppose so um I could also argue a a pretty good Counterpoint to this one as well um in the sense that the last couple big trades that we've seen which this one is obviously a big trade as

well um these did go over the average amount of days as well in fact uh we can see this first right or this you know more recent one right here from January of this uh of this past year this one was 75 days from open to close and a in a pretty massive gain there as well um over here this one was a say 85 day an 85 day um hold for this trade and uh it did produce about 50% this one over here was about a little over 50% I think it was like 52

or 53 again for reference our current run is 65 days in so it's getting quite close to those and in terms of percentage gain we're we've actually seen uh a higher percentage gain than both of those prior ones um already so you know is this an indication that Bitcoin uh is probably going to end this trade relatively soon I mean usually it is um but uh but of course it would not officially close this trade until Bitcoin closes a 5day time frame which closes actually tomorrow night below 95,000 bucks yeah so Bitcoin could play a

correction down there still bounce I guess uh but you know bigger problems do start to happen below that reach not to say that like Bitcoin can't reclaim it on the next one that can definitely happen but you're probably going to be looking at more prolonged um uh consolidation if that were to happen that's just my you know my personal opinion um last we'll go over actually a couple of other cories in the market uh you know we we've been looking at ethereum we've been looking at Salon we've been looking at xrp a lot recently and

uh and we've been saying hey these things are setting up for pullbacks even though longterm still bullish again still still bullish long term um but when we go over here where's my xrp uh this one you know again is is is completing a nice top right here I'm not saying that it's it's going to go down for forever no I don't think so I think it's I think the pullback is is likely an opportunity but uh in this case we can see again the double extreme bbwpar right here matched with uh momentum turning down that's

a extremely extremely um uh useful you know counter Trend signal in this case that would obviously mean downside so you know this one probably does come down again you know as long as daily momentums to the downside which will be true as long as thinks below 250 uh you know that is going to be quite quite likely to see this one come down maybe been all the way down to like two bucks again um of course we go over here to ethereum same thing you know longterm again good it's but these pullbacks from retest of

Prior major Highs are very common things and this one you know is putting in some bearish at burdens on The Daily sto cast goer and is seeing momentum turn down you know could easily come back down to like 3700 wouldn't really mean all that much but this all very likely depends on whatever the [ __ ] Bitcoin does today the most obvious signal for Bitcoin would be Bitcoin closing above 101 250 if you see that expect not just for Bitcoin to work its way into like you know 10 103 104 105 uh you're probably going

to see Bitcoin move into the 110s region but if Bitcoin does close below yesterday's low I'd expect everything to essentially have you know a decent pullback um so we're kind of at a uh we're kind of at a turning point right here for the more short-term slm medium-term again personally I remain bullish for right now just because well Trend I you know I always favor that um but these you know this potentially could change around again if we see if we see it's a big if if we see uh the conditions laid out earlier um

namely Bitcoin closing below yesterday's low uh you know happen or get verified um other than that do I have anything to end on right here uh this video has already been probably too long so that's all good but uh yeah we can show off the no this is not what I wanted to show off let me show off the quantum the quantum bands right here the quantum wave bands um again I think that is just kind of a good idea to continue to check in on these things you know as time goes on um and

just see what the results are so that people can make the best decisions for themselves but see what the hourly says right here maybe there's been no trades at all let's see um nice bullish engulfing dildo on the hourly as of right now with 9 minutes left to go by the way short term might be a bit of an opportunity again yeah last trade was a small loss rate here after a pretty massive gain uh 30 minute time frame do we have any recent trades we had a small Gainer right here but nothing since then

so we go back to the drawing board we'll wait for tomorrow again uh the big pivot for Bitcoin yesterday's low and well if Bitcoin can can especially close today above 101 250 I'd look at that as the green light for this volatility expansion to result in uh in a nice volatility explosion with upside prices yet again um anyways as always like to wish you the best bet want to apologize if this video is in 360p I apologize profusely for such things but unfortunately I have no control over it actually uh YouTube has just been super

long with uh I don't know what's it called processing times um for the last couple days so hopefully that gets fixed other than that if you find this content valuable or if you even just hate it consider liking and subscribing because uh well you should or you should not that is a question that only you can answer and I'll leave you on that note see you next time