Today for the Bitcoin price. Everyone is asking me right now, what is the next step for Bitcoin, what is happening to 10 million US dollar trade. I will talk about that, but more importantly what are the next price targets for Bitcoin. I can’t wait longer. I have to get this out – I’m sorry that I didn’t come earlier to you.
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Let me go straight into the content. By the way, if you appreciate these updates – no matter where I’m, no matter where I am, no matter how. They give this feedback to a new all-time high. I would truly appreciate it. It gives me the signal that you want more of this.
Let’s go straight into the content. So, let’s keep it easy for today. Let’s stay on the weekly canvas and let’s first of all examine the blue line here. The blue line is the 200 week moving average, dear ladies and gentlemen, and it is extremely normal for Bitcoin actually to wick below right it. Of course, it always tells us when we are hitting it. That’s the end of the bear market and Bitcoin is going towards the upside for good.
But, also every single bull market is a bear market. Bear market, we are wicking below right here, in 2014 November right there in summer 2015. However, very quickly Bitcoin goes above and then gets multiple thousands of percentages gained towards the next bold Bitcoin all-time high. Actually, the very first and only time. We were holding it perfectly as the 2018 2019 picture perfect bear market ended. However, once again the sea dump. The black thirsty dump in March 2020 was once again a big week below and actually a weekly close below, so what everyone is saying right now is that we are below and that is the first time this time. It’s gonna be worse.
This is not true however and this I wanna be very honest to you here. For the very first time in Bitcoin history. Bitcoin is closing multiple weeks in a row below it not only below the 200 week moving average. But, also below the 11 year support which is the white line here. This is something serious. When I tell you if you are not in a long position right now I am in a long position, it’s very profitable and not as profitable as it was before. But, if you’re not holding on just wait until we are finally breaking and closing very important, closing a weekly candle above 22 700 US dollars and this is important.
Let me quickly go back, this is a very important message for you to understand the moment Bitcoin closes. I wanna be very clear here a weekly canopy above the two thousand twenty two thousand seven hundred US total price levels is the moment. I am going in like crazy. I’m gonna open a 5 million. I will double down to 5 million then 10 15 20 million US dollars eventually on my long trade. Because the moment we go above the moment Bitcoin closes a weekly candle above. Historically, the target should sound crazy around 90 to 100 000 US dollars. At least, I’m telling you the next bull market Bitcoin is going to break this resistance Bitcoin is going to break this resistance on the next bull market. I am very sure not 100, I`m very certain that Bitcoin is gonna break this resistance. Of course, if you want to be trading this one as well.
This article is a transcription of a video made by MMCrypto
Original video: https://youtu.be/2Zyu_aqAsI8