❌ BITCOIN: IS THIS FOR REAL?????❌ [WATCH ASAP!!!!!!!]

Added: 2026-05-10

[00:00:00]So, looking at this current Bitcoin price action, we can see guys the price of Bitcoin right now is flashing us a very, very interesting scenario. A scenario which is pointing us where the price in the immediate short term, where the price for the coming days might be possibly heading. So, please, before I jump into it, let's destroy that like button and let's try to reach at least 1,000 like in this video. Thank you very much. Now, first thing's first, looking at this price action using this horizontal trend line, you can see Bitcoin bounced back strong after testing the support which we had around $80,000. The same trend line which previously rejected us around $80,000 acted as a line of support and price after that is bouncing back pretty strong. But, the question here is, is it an actual reversal in this manner or is it just a temporary reversal before we start with another bearish continuation to test the support which we left open around 74, 75,000 dollar before starting with an actual bullishness or is this support going to hold the price because we know in the immediate short term, yes, this horizontal trend line will be doing its absolute best to hold the price of Bitcoin above $80,000, but if we fail to do that, if Bitcoin fails to hold its ground above this horizontal trend line around $80,000, we know the price of Bitcoin after that could show a continuation in this manner because we have found out with the help of this leading indicator. Since Bitcoin printed an ascending CPR, the May monthly CPR was an ascending CPR. Now, it is a sign of strength and according to our leading indicator, this is where we could be heading. And if you look at the price action, you can see this is exactly where we came and this is exactly where we got rejected. But, according to this leading indicator, one thing is still open. I mean, yes, it pointed us a move towards this arrow line, which it did, but we also found out that in more than 90% of cases, Bitcoin tends to touch touch this CPR twin line, and only after that to choose an actual duration. And in our case, you can see the price of Bitcoin hit this great towards this arrow line, leaving this May month CPR completely open. That was the reason why I'm warning you. Please be aware. Unless we break above this air one line, above 82,000, and flip that into proper support. Unless we do that, we are expecting the price of Bitcoin to slowly show weakness and even get attracted on this 74 75,000 May month CPR before choosing an actual direction.

[00:02:47]But, if you look at this in a different time frame, using different scenario, yes, Bitcoin looks strong. I mean, Bitcoin has a strong support from this Williams alligator indicator, which right now is bullish. Green line appearing at the top, blue line at the bottom gets formed during uptrend.

[00:03:08]And blue line at the top, green line at the bottom, vice versa, forms during downtrend. So, this is a bullish cross.

[00:03:15]Green line is at the top, so we know any sort of a pullback, what is going to happen here? These trend lines will be acting as support.

[00:03:25]And price of Bitcoin after that is expected to continue higher. So, if Bitcoin fails to hold its ground above $80,000 despite the support what we have from this Williams alligator indicator, we could show a move in this manner. A continuation, which might look somehow like this. Despite the support from this Williams alligator indicator, despite the support from this Bollinger band, Bitcoin failing to find support means a continuation, which might look somehow like this.

[00:03:55]Price testing the support, the basis line support on $80,000 and failing to hold that means a continuation, which could bring the price of Bitcoin towards this lower band from this Bollinger band before we choose an actual direction. So, what I'm trying to pinpoint here is that Bitcoin, if you zoom out, if you look at this in a bigger picture, it is still struggling to break out of this 84 85,000 where this line, the resistance from this Williams alligator indicator.

[00:04:24]Despite breaking out of this bullish channel, you can see we are still inside this Williams alligator indicator in a weekly timeframe, which right now is acting as resistance. Beside this Williams alligator indicator, we also have resistance from our crypto buy sell indicator. Right? You can see that very clearly. So, if Bitcoin fails to find support above 82,000, above this R1 line, then despite forming strong support above 80,000, we are expecting a continuation towards this May month CPR, I mean around 74 75,000 before choosing an actual direction. And why is it so important? Because we know Bitcoin holding its ground above $80,000 means in a bigger picture, we will be invalidating this bearish continuation pattern known as dead cat bounce. And price after that is expected to show continuation in this manner. But, if Bitcoin fails to hold our ground above 80,000, what is going to happen next?

[00:05:25]The price of Bitcoin in that case, unfortunately, will start lining up with this dead cat bounce trading pattern, which will point a move in this manner. I mean, Bitcoin after this relief rally, right? Just like I showed in the example, you can see.

[00:05:44]This is number one in our case, right?

[00:05:46]Number two, from where we see a dead cat bounce towards this 0.5 Fibonacci line.

[00:05:52]In our case, in script, it's volatile.

[00:05:53]We also tend to look around this 0.618 Fibonacci line. So, that's why if we fail to remain above this $80,000, what is going to happen? You can see after a retracement of around 50%, the price tend to follow the original direction, and which in our case is clearly here to the downside. So, that's why, guys, we need to hold our ground. We need to hold our ground above $80,000 at any cost because failing to do that means the price, despite despite the support from this Bollinger Band, despite the support from this Williams Alligator indicator, we are expecting a move around this May month CPR before choosing a direction.

[00:06:28]And beside this dead cat bounce, beside this resistance from our weekly indicators, Bitcoin in the media short term also looks like falling an ascending broadening wedge pattern.

[00:06:41]An ascending broadening wedge, rising ascending broadening wedge pattern is a bearish continuation pattern. And just like what happened here, you can see upper trend line acted as resistance, lower trend line acted as support. So, what could be happening here?

[00:06:59]It's a very similar move. I mean, Bitcoin after this temporary rally, let me show you here.

[00:07:09]After testing this support, resulted in a temporary rally, but price failed to hold its ground, the lower trend as support, which later resulted in a bearish continuation. So, we don't want to fall in a trap in this manner. So, to avoid a trap, to avoid a move, what must we do? We must remain or hold our ground above $80,000 because this lower trend line also sits around $80,000. So, we have additional support. So, let's hope that Bitcoin in the media short term holds its ground above $80,000 otherwise, despite the support which we have right now, we are expecting a move towards this May month CPR before choosing a direction. But, if you ask me, "Anu, what do you think? Even if the price shows a move towards this May month CPR on 75,000, are we going to turn bearish?" In my personal opinion, if Bitcoin comes for a retest around this May month CPR, I personally think that could be a great buying opportunity because this is an ascending CPR than the previous month CPR, which only gets formed during uptrend. And this CPR this ascending CPR got formed after August 2025. I mean, after 2025 August month, this is our first ascending CPR. So, I personally think a pullback around this key trend line means a great buying opportunity. So, this were some of the quick update that I wanted to share with you in this video. If you enjoyed my work, then please do not hesitate to destroy that like button. And to those individuals watching this for the first time to hit that subscribe button. And by saying this, I'm signing out until next time.

[00:08:49]Bye-bye.

[00:08:55]>> [bell]