THIS IS MY BITCOIN SELL TARGET!!! *watch asap*

historically speaking Bitcoin tends to be topping out about 275 days after the Bitcoin haling and that means we still have some time to go in this market and that is why I will be discussing the imminent shortterm right now on bitcoin what I think is about to be happening next year the most important resistance on the imminent short term right now and much more important charts that are telling us something about what is about to be happening next year so without any further ado I'm going to be talking about what part of the cycle we're

currently in what is likely to be expecting in the coming one to two weeks here what Bitcoin is currently doing in terms of price altcoins and much more important stuff here so without any further Ado don't forget to once again slap up that like button back above 1,000 likes that will be highly appreciated and honestly right now there's just not a lot of stuff happening and even though Bitcoin is trading around $12,000 it seems to be that people are losing interest in crypto again here and people are feeling like the bull market is over and

that is actually one of the most bullish things that can happen in a market because I have said it many times before here but what really sends Bitcoin ultimately much much higher around these levels is whenever people think Bitcoin is not going to do anything anymore but like we can currently see here we're clearly compressing the price action right now against that $12,000 doll level which is of course a very important level of resistance on the Bitcoin Fibonacci extension and you can see that every single time basically whenever we test that level we do see

major rejections and yes I do believe that the moment where we're going to be breaking Above This level is going to be the confirmation where we're going to be seeing that next break towards the upside and realistically speaking the next resistance whenever we break Above This level right here is going to be $120,000 before heading further in the video I quickly do want to be pointing out that we are indeed creating another CI Gap over the course of this weekend and this time around and we're actually trading above it ever so slightly because this week's

C Gap is $111,000 us and yeah if we're just looking at back at all the previous C gaps we can see that whenever we're trading significantly above it usually at the end of the Sunday or at the beginning of the Monday we tend to come back here because that is what C gaps do like 90% of all the times here so very very interesting to be paying attention towards this we're indeed clearly trading above it right now here and that usually leads towards Bitcoin coming back at that end of the weekend and since it is

right now Sunday that is likely to be expecting to be happening next on the Bitcoin price action if I am zooming in towards the 1our time frame I am starting to see that we're creating maybe a somewhat of a new compression pattern right now here you can see on the 1our time frame that we are clearly creating of course an ERS sloping resistance line and an ERS sloping resistance line and basically whenever we're going to be seeing a breakout out any of these levels guys that is the point where we're going to be seeing that

next breakout really take place for Bitcoin and if you're just looking at the 4ly time frame right now remove all the drawings we quickly you can see that we're clearly creating of course an upper sloping support line here on the lower side and that we have been creating a down sling resistance line where where we actually broken above of and what you can basically also pay attention towards is potentially this level as in horizontal level of resistance right so we can clearly see that in general we've been getting rejected by this level in multiple times

in a row in general we've been creating an uptrend and that basically means that we are creating somewhat of an ascending triangle and the moment where Bitcoin of course is going to be breaking above that $12,000 level which is of course also that major major level on the Bitcoin Fibonacci extension that is going to be the confirmation of the next major breakout higher for Bitcoin and really I have talked about it in the inro of the video if we're going to be looking at the fact where Bitcoin is really going to be topping out it's

usually around 275 days after the Bitcoin Hing and really it is not always exactly 275 days after the Bitcoin offing but somewhere in that region so this indicator is a very great indicator which I will be using myself as well here because after 275 days in this cycle I'm gradually going to be taking some profits off the table and that way I'm going to be maximizing my gains in this upcoming cycle so now it's clearly not the time yet here but whenever the time is going to come I will be the first one to tell

you out there on the channel because the worst thing to do this cycle again is not to take any profits and you have to understand no one ever went broke by taking profits and for me as well I want to be taking profit so in the next bare Market I can accumulate significant amounts of crypto and right now as well if we're just looking at Bitcoin on 2024 compared to December 2023 guys we're seeing very strong price action and also about to be happening on the daily time frame another bullish crossover on the mecd which

is ultimately a very bullish signal if we're just looking at the bigger perspective on the total crypto market cap excluding Bitcoin we are seeing a very strong crossover happening right now and the last time that happened altcoins really actually exploded and of course since this is right now weekend we're not seeing any buys coming in from the Bitcoin spot ETF here but just look at the massive amounts of buys ever since the end of September we've just seen major inflows on the SP Bitcoin ETF here and this is ultimately going to be leading towards the

fact that we're going to be seeing so much by pressure coming in here and also with the news that micro ST is entering the NASDAQ 100 we're just going to see only more and more Capital flowing into crypto and yes whenever we're going to get a sell off I do believe believe it's going to be getting bought up very quickly but remember that in Bull markets we always tend to get major sell-offs but so far we have not really got one yet so right now as well if we're just looking at the fact where we're

currently sitting in the cycle we're still in the middle of it all and we're likely still to be performing extremely well here later and if we're going to be comparing Bitcoin against the nastic 100 or against the S&P 500 or against gold price action guys we are literally only just breaking above alltime high right now here so ultimately the biggest gains and the biggest bull market is still yet to come here right now compared to these other assets once again finally trading against the nmi here and that basically also proves the point that there is

likely much more growing room towards the upside because now we're just equaling the previous high of the market so very excited for that here and also if we're just looking at Bitcoin compared to 2020 whenever we were breaking above the $2 20,000 altime high right we're seeing very similar price action happening right now on the Bitcoin chart right here and we just only a few days out here before it's going to be Christmas to be exact about 12 days here and yeah if it is Christmas usually Bitcoin tends to do very well in the bull

market year so let's see how that is going to be playing out here I'm very excited for that here and I mean guys if you want to be trading Bitcoin out of anticipation for Christmas or out of anticipation of a next breakout or whatever altcoin you can just mention don't forget to check out bloofin in the link description of today's video because Blen is the best exchange where you can right now trade crypto you can trade all the cryptos you can literally think about they have great liquidity and if you're R A Sign upit account

using that link below in today's video description you will be able to get an insane deposit bonus worth up to $100,000 US so make sure to check it out in the link description of today's video anyways I want to be more pointing out here the fact that likely for ethereum it tends to be doing better in q1 compared to Q4 and why am I saying so is because basically in the previous bull market here as well with which was of course Q4 2020 we saw ethereum only break its Tim high in q1 2021 and now

Bitcoin of course broke its high in Q4 2024 and now the expectation and consensus is that ethereum is going to be doing so in q1 2025 here so I really think that q1 2025 is going to be a great period for altcoins and that this is of course honestly one of the worst timings to be fading the market I mean ethereum if we're just looking at the chart looks to be having still a lot of room to grow here and if you were just like me quite early with a lot of these altcoins there is

going to be a lot of money but really a lot of money to be made and yes if we're just looking at this consolidation pattern here for the entire altcoin Market it really looks like we're about to be having a major explosion and for the Bitcoin price section right now here we're starting to see also that the global liquidity index is increasing again here and that is ultimately one of the things here which is going to be sending Bitcoin much higher so Bitcoin dominance is breaking down here Ru has been consolidating for the last period

for quite stably right now here altcoin is not really doing much here Bitcoin dominance is really creeping up ever so slightly but in the bigger things of it all I am not all too worried about that here because ethereum is breaking the downtrend right now here but honestly whenever this upper sloping resistance line is getting broken that is going to be the confirmation for me that we are heading in towards a major major rally in the market and all the data points to me here that likely the biggest altcoin season yet here is about to

get started in a couple days here so this is really a very bad timing to be fading the market and I'm definitely also not doing so I do want to be pointing out this chart right here which is ultimately looking very bearish in my opinion but as long as Bitcoin can push up here to New altim highs it is still looking okay here so it's going to be crucial for Bitcoin right now to be breaking above that 10 12.5k level as soon as we do so we're going to be looking for a major breakout we're

going to be looking for a big continuation towards targets around 120 to 115,000 us that will be another 15 to 20% increase from of this point and that would ultimately be my first major Target where I would start to say okay maybe now I'm going to start to take profits off the table and for me taking profits is basically buying new stuff here so B basically buying new houses maybe buy some new cars that kind of stuff you know because I want to be Cashing Out In Real World stuff here everyone let's get their own

strategy maybe I will be making a new video soon here about my exit strategy but anyways guys thank you so much for watching and I'll see you guys on the next one peace out goodbye