BITCOIN TRADERS: IT'S HAPPENING...

Bitcoin is right now breaking above critical resistance in the market it is breaking above this 1.618 on that fibon extension level and ever since it has done so Bitcoin have absolutely exploded all the way up towards $7,000 US and on today's update video I'm going to be talking about what are my next price targets for the Bitcoin price action now here how is this breakout looking and what are those levels we are expecting Bitcoin to go towards and much more important stuff here on the bigger perspective about the Bitcoin spot ETF about what is really

going on here in the background because ever since the start of this year we have seen a major Trend shift in terms of Bitcoin on exchanges and I'm going to be exactly talking about that and much more important charts that are telling us something about what currently is happening here in the bigger perspective so with that being said don't forget to once again slap up that like button back above 1,000 likes will be highly appreciated with that being said let me jump straightway in towards the coment and yes we were consolidating in this average of

slide consolidation phase whenever Bitcoin of course broke above the resistance flip this level into support Bitcoin actually start to see that breakout I also yesterday talked a little bit about this average of slide compression that we were creating where of course Bitcoin was creating higher highs higher lows and basically I said whenever we're going to be breaking any of these two levels we're going to be seeing that next big squeeze higher or lower and exactly the moment we broke above that level right there is where we did saw that squeeze higher and Bitcoin went all

the way up here almost towards $ 107,000 and on St exchanges it even went towards that level so now again we have closed the highest daily candle for Bitcoin in history we've set a new alltime high and if I'm looking at the Bitcoin CME Gap guys we have managed to create a massive CME gap on the lower side and honestly this is not something that really has happened every single weekend so far I mean most of the weekend we just tend to be trading a rank that see close price and then only on the Monday

create any big moves here but now we created one on the Sunday so we do have right now a major CME gap between us right now here since the massive move did happen on the end of the Sunday and to be very honest I am not worried too much about this exact signal right now in the market but I do want to be pointing it out on today's video further on I am currently looking of course at that asending triangle pattern Bitcoin was of course consolidating in an upper sloping support line horizontal resistance where we

got rejected from every single time here and now we finally broken above it and you can see it also on this chart right here exactly back into December 2023 we did something very similar and now once again we created a descending triangle and we've also finally starting to see the breakout happening and honestly if I'm going to be looking at a price target for such kind of a pattern we're going to be looking for a Target somewhere around 115,000 towards all the way up to $120,000 and for the ones that don't don't know what my

targets were already I mean I've talked about it many times before here on the channel I said I'm going to be looking closely towards this very important level resistance which is the 102.5kg to give us the confirmation that we're probably going to be heading towards that new high in the market which is the next Fibonacci extension level and if you want to be calling any Targets in a bull market guys it is very hard to of course call where Bitcoin is going to be finding some resistance but with the Fibonacci extension you can do that

in the best way here so we can already see that the 10 12.5k level was a major level of resistance for Bitcoin we got rejected by this level every single time here and now since we broken Above This level the next resistance for Bitcoin is likely $23,000 and as soon as we're going to come close towards that level I do believe that we're going to be finding some very heavy resistance so Bitcoin is still consolidating after it went up here it is still slowly creeping up here it's still creating High higher lows it's still creating

higher highs I've have discussed this exact pattern as well in yesterday's video but basically this chart is basically revealing us whenever Bitcoin is likely going to be topping out here and now is definitely not the timing yet here after 275 days after the Bitcoin Hing we could start to think about the Bitcoin top here and now it is not so far yet here and really that is something I'm going to be looking closely towards the 275 days after the Bitcoin Hing would still mean we have at least this still mid 2025 before Bitcoin will be

topping out here so the biggest amount of gains are still likely to come next year so Bitcoin is actually looking very strong here we are seeing multiple signals where I'm really looking at and thinking like oh wow we are really likely to be popping off next year and Bitcoin versus gold has also just hit a new almi here and that is something great here because Bitcoin is now out competing gold here also compared to four years ago and that was to be honest something really I was looking at very closely so very bullish Bitcoin is

finally out competing gold again here even after four years as well here and and later today we're going to get the small Bitcoin ETF flows coming back again here and also the ethereum ETF flows and if you've not been really paying attention towards what is happening Black Rock has been aggressively buying up a lot of ethereum and that is ultimately going to be spelling something for that upcoming altcoin season I really do think that ethereum is going to be performing very good here especially in q1 2020 25 here just like happened last cycle I think

it's going to be playing out this cycle again here so if you want to be PR preparing accordingly of course you have to do your own research but at least what I'm currently doing here I shifted quite a significant amount of my Bitcoin into Eve here because I do believe there's going to be a big shift here across the Bitcoin dominance I mean according to history it makes a lot of sense here that altcoin season is starting right now here we're seeing the market consolidate ever so slightly and if you want to be trading anything

if it's Bitcoin coin ethereum or any altcoins don't forget to check out Below in the link description of today's video because if you R sign up account using the link below of today's video guys you will be able to get an insane $10,000 deposit bonus for signing up only in account usern link below here so if you're interested in trading definitely blowen is the exchange you want to be doing it on they have got insane amounts of exchange listings and you can trade here without using any kyc so if you're interested in that don't forget

to check it out in the link descrition of today's video further on I want to be discussing the fact of that indeed right now we're seeing a massive amount of Bitcoin available in exchanges dropping and ultimately the scarcity effect is something I'm very bullish on here but I do understand that as of Bitcoin is going higher there's going to be of course also more people thinking okay now I think I want to be selling off my Bitcoin but still ultimately on the longer term perspective there are less and less Bitcoin in Supply here and that

is the reason why Bitcoin is pushing up higher also if we're just looking looking at this cycle we're still not even close to be topping out if history is any indication at all here and you can see here the comparisons from Bitcoin against gold Bitcoin against the S&P 500 or against the NASDAQ 100 guys we are right now Breaking All Above these ultim highs here and whenever we're going to be seeing the breakout of this high that is likely the point where we're also starting to go way way quicker on that next move higher here

right and it's about to be Christmas and historically with Christmas Bitcoin is also one of the best performance out there right now here here as well so Bitcoin is looking good in terms of Bitcoin dominance chart guys we are likely going to see a next major move happening anytime soon here ethereum is also seeing that confirmation of that breakout right now here it is still lagging behind Bitcoin ever so slightly but if we're going to be very honest in every single previous cycle it has always been like this here and that is really the point

where people miss out here because they think oh ethereum is not doing good here it is lacking behind I'm going to be dropping it but actually that is why I am currently shifting around in my portfolio so there are some great trading opportunities over there as well Bitcoin remains to be resilient remains to be extremely strong here in this trength here and honestly I think that if I'm just looking purely at my resistance on the Fibonacci extension where Bitcoin will likely find its next major resistance set it is going to be $120,000 us so that

is really a Target I'm going to be looking at closely 1 2K is now going to be a big level of support today is Monday we're going to get some major Buy from the SP Bitcoin ETF again here I'm excited for today so don't forget to once again slap that like button on today's video if you learn something don't forget to subscribe to the channel and see you guys on the next one peace out goodbye