this is one of the largest Bitcoin weekly breakouts I have seen in a very long time and on today's update video I will be exactly explaining about what this means next for Bitcoin what is likely to be happening next after this massive breakout we're currently seeing up to $881,000 us so in today's update video I'm going to be going exactly in depth about that and more importantly I have got actual proof and data that retail interest is actually increasing right now so so I have got a lot to discuss on today's update video with major
major charts which are important to understand right now here so don't forget to once again slap up that like button back above 1,000 likes that will be highly appreciated and with that have being said let me jump straight away in towards the content and the first thing I want to be saying is that indeed we had a massive rally over the course of this weekend Bitcoin created a major CME Gap and due to the fact that we're creating a massive CME Gap there are some people that are right now doubting the market but one thing
I want you to understand because if we go all the way back here to 2020 just moments at this point right here moments before the bull market got started we also created a major CME Gap that has never been filled up around $10,000 us and this one people waited for for ages to get it filled up but then Bitcoin of course went just in a major bull market and never looked back here so while we in fact indeed can create these CME gaps and while in fact people can wait for it and maybe expect that
Bitcoin is going to be filling them up from time to time Bitcoin do not fill them up here here and then you're just left behind with a major buom Market ahead of herself so the best is to say that yeah most of the time C me gaps tend to get filled up but not always necessarily and yes if we're looking at this month here guys MO vember is definitely back we're up 15% on the monthier and on the quarter we're up 28% so Q4 is definitely delivering to what we were expecting and in all honesty
this breakout in my opinion is only just getting started I mean we're seeing the major breakout take shape now here and like we can see here on the S&P 500 like we can see on the gold chart as well Bitcoin is still maybe a little bit lagging behind not in terms of performance but in terms of the charts because if you just compare these charts to each other you think that Bitcoin has got way way more room to grow towards the upside and what is quite interesting to see is that the S&P 500 gold is
both down here while Bitcoin is actually increasing in value so we're doing extraordinary and if you're looking at this fractal from gold Bitcoin likely has got way more room towards the side so Bitcoin created this major ascending broadening wedge here we broke outside of it above the important resistance here on the top side and ever since we've done so we're seeing right now a major continuation towards the upside and likely what I'm expecting is that we're hitting $100,000 and Beyond in the upcoming period in the market also we broke outside of this major resistance level
right here and ever since we broke above that we just continued upwards and now we even hit $882,000 us here and yes stting starting today we can also once again see inflows on the sport Bitcoin ETF and if we just look at last week and the weeks before guys we've seen billions of dollars flowing in very quickly and and what is very interesting to see from the data is that this ETF is the most successful ETF ever in history ever in any ETF history this is the successful one and if you're going to compare towards
the gold ETF in 2003 guys it is much better than gold if you compare it towards the lunch of their ETF and if we're also looking towards the interest overtime on bitcoin guys we're starting to see an Ever So slight increasement and if we're zooming out you can start to see right here the increasement in retail interest is slowly coming back here and in all honestly I'm starting to see that as well because in yesterday's video I got also way more views than normal and way more subscribers than normal and that is a clear sign
that retail is most likely returning I want to show my metrics because this is of course important to understand for the market sentiment if retail Traders come back if more people are going to be watching Bitcoin videos we are most likely going to be seeing also increasing prices because more people are going to be buying and especially one thing it's going to be having a big influence on is altcoins altcoins are like likely going to be doing very well and if I'm right now looking at the exact timing of this market right now here it
is likely to expect that in the upcoming 20 to 30 days ahead of ourselves and to be very honest we're already starting to see Bitcoin Dominus dump a little bit here altcoins we're starting to see them pump already but in all honesty we're expecting a major altcoin season season is going to be happening in the upcoming 30 to 40 days here and if you can benefit correctly from that you are set to make extraordinary amounts of money so make sure to prepare accordingly I mean the bull flick pattern is exactly breaking out here like we
have been predicting on the channel for a very long time right here I mean this pattern we've talked about for ages and yeah after 230 days of talking about this pattern it is finally Broken Out Here and Now is on its way to its price target of $120,000 and if you're going to compare Bitcoin this bule pattern towards 2020 it is just looking very similar in my opinion and we're likely to once again move much much higher from of this point onwards and we can see also in terms of the US election guys always after
the US election Bitcoin goes up so isn't really so insect unexpected that Bitcoin pushes so high we've discussed this chart on so many occasions on the channel and it's just likely that we're going to be having that next major move higher and yeah what is very interesting is that actually if we're going to compare it towards the 2020 cycle the mecd is also in the same level here and I want to tell you whenever I think the market is going to be topping out here because whenever the market is going to be topping out we're
most likely on the monthly MCD going to be also seeing that bearish crossover happening but whenever the market is going to be topping out I will let you know here on the channel whenever I think momentum is drying up I will let you know and I'm going to be very honest and probably people are going to be hating me for it but I will be sharing you all the data points now I don't believe it's the time to be bearish just look at these chars guys we are literally moments before the Bitcoin .4 year cycle
is really about to be taking shape here so I am very excited you can see all these charts are proving the fact that likely we're about to be having a major major rally next year and if you can Rite a prepare accordly for the next major rally you are set to make extraordinary gains here for the market so guys if you want to be trading anything here if you want to be trading altcoins or Bitcoin the best place to do it right now here is on bloofin blin you can trade without any kyc and if
you trade right there right now and if you actually sign up an account using that link below guys you can first of all claim a deposit bonus worth up to $10,000 us and on top of that you can trade of course without any KC and claim an insane free Rolex or any of these other rewards that you can see next to my face if you get certain amounts of volume traded over there so very interested one I actually want you to check out here it's very great it's a great exchange with good liquidity major amounts
of pairs listed and it's of course non kyc so definitely a very good pick out there if if you're interested in trading altcoins and Bitcoin anyways if we're just looking at Bitcoin in general guys we're just clearly breaking the downtrend and right now we're just extraordinary in terms of the trend where we're trading in and I don't believe this is going to be stopping anytime soon here and of course at some point we're going to be seeing a slight little correction but then every single correction it's another opportunity for us to get an even bigger
and better position in the market so the uh the cupet handle pattern is breaking out and in all honesty guys if we talk about these price targets we're not even close to the price Target the price targets are all above 100K here and that is also what I expect this move is next to head towards for Bitcoin if I'm going to be talking about a top in this cycle I think $280,000 use do is likely a place where Bitcoin is indeed going to be topping out here but I believe Bitcoin the top is now not
not even close yet guys we're going to be going so much higher in my opinion but of course at one point I'm going to be scaling out here but right now I believe it's not the time to scale out yet here but this was it for me in today's update video if you did enjoy it don't forget to slap that like button subscribe to the channel would be highly appreciated and I see you guys on the next one tomorrow on another video here on my channel peace out goodbye
