Crypto Running Into A MASSIVE Hurdle - Bitcoin Needs To Break Higher Here!

Ajouté : 2026-05-06

[00:00:00]Crypto is running into a final major hurdle right now that's preventing Bitcoin and altcoin prices from being able to push any higher as Bitcoin pushes into resistance between $77 and $78,000.

[00:00:13]In this video, I'll explain why this area in particular is causing us such significant resistance. However, if it is to break, we are likely to see another leg higher and that could happen incredibly quickly. I've also been adding some more altcoins to my portfolio and I'll tell you what those are. And I've been identifying some obvious trends in the market that have been making people money despite the kind of boring conditions in crypto over the past few weeks. Do me a favor, hit the like button and let's find out what's going on.

[00:00:44]Now guys, before we dive across and find out more about which altcoins I've personally been buying into and why even though this market is full of fear and worry, I've decided to continue doing it. Let's quickly jump across and see what is going on on the Bitcoin chart right now and why we are finding such sticky resistance around this particular point. Now, over the past few weeks, we have seen Bitcoin rising very strongly.

[00:01:06]It went up $13,600 over the course of a couple of weeks, which is 20% gains, but failed to break through $80,000 and is currently being pushed back down. Now, there is a very real reason as to why we are seeing price getting stuck right here. And I'm going to borrow this chart from Check on Chain to explain why this area between around $72,000 and up to around $80,000 is proving to be such a significant barrier for crypto. But by understanding why it's a barrier and if we can survive in this zone, then there's a very good chance that we're going to go much higher much sooner than many people think. Now, what we are seeing here is a short-term holder cost basis and the true market mean. Now, one of the most important factors at play here right now is what spot holders are doing. Not leverage traders, but spot holders.

[00:01:52]People who've bought one Bitcoin or half a Bitcoin or whatever, whether they've decided to sell or start to add more to their position. Now, think about this for a moment. Lots of people, the majority of people typically end up buying into the top of the market when it's greedy. Always feels like the best time to buy even though it's the worst.

[00:02:09]Like right now when the market's really low, it feels like a terrible time to buy. Now during this period of time, lots of people were accumulating Bitcoin and specifically would have been accumulating in zones like this and kind of zones like this. Now, what you've noticed is over the past few weeks as price has climbed back up into this zone here, you will have lots of people who are basically back either at break even or their losses are not as severe as they were because price has kind of recovered a bit. Now, they may still be in the bare camp, remembering that the majority of people in crypto are in the bearish camp right now and they won't be convinced to go bullish until it's much too late. And because of this, they're likely to want to try and get out of the market. So, what we're seeing right now is those people who were basically buying either up here or maybe buying down here for some short-term wins selling into this push higher. Now, that's very very important because despite the fact that people have clearly been selling into this zone right now, we are seeing price sticking fairly solidly. Not like this. Okay, we haven't seen anything like this take place right now. And that is telling me that the spot selling is being absorbed.

[00:03:13]Now, the more we can see spot selling being absorbed and the buyers continuing to step into the markets, the more likely it is that we're going to break through this zone and there's a very thin zone up through here. Okay? Because throughout this kind of area, there was very little time that Bitcoin kind of spent trading in and around this particular zone with the exception of back early in 2025. And that means that there is a reasonable chance that if Bitcoin is being able to break through this zone, it can push very quickly up towards the kind of $84 to $85,000 level. Now, at that particular point, I think that you're going to see a fairly significant shift in the momentum of the market. Right now, you've got people very kind of against feeling bullish in any sense of the word. However, the break of ADK could be very significant.

[00:03:57]Change in sentiment could start to mix things up. And by the way, what I've just talked about, I talked about earlier on on Twitter. Give me a follow.

[00:04:03]It's Peter_THC.

[00:04:04]I also talk much more often, frequently about different coins I've been buying in the short term. Some of them, which I'll talk about later on, have been making some really decent gains over the last couple of weeks. So, make sure you don't miss out on any of those. So, what am I doing? Well, personally, I believe that the market is still very undervalued. Okay, Bitcoin is all the way down here. Altcoins have obviously been absolutely smashed. Whilst many people are still calling for Bitcoin to go down to 60 again or down to 50, doesn't really bother me so much cuz I still think that this is good value in and around here. So, I've started to obviously accumulate a bit more Bitcoin again, a little bit more Ethereum, some Sooie, and some of the other stronger projects. And I made a video just the other day, make sure you check it out, where I talked a lot more in depth about how to identify altcoins that are likely going to see a lot of strength as conditions return to normal and improve once more. And if you've been in crypto for any length of time, you know that cryptos go from good to bad and then to good again. Right now, markets have been pretty much as bad as they can get. But what about the four-ear cycle? What about the midterms? And what about all of these other things? I mean, that's a fair argument, right? This has happened maybe a couple of times before, but there's lots of other things out there that have never happened before that have begun happening. We got Bitcoin bottoming versus gold, which always takes a year. That's already happened.

[00:05:20]We're seeing the global liquidity index, which is this green box here, ticking towards the upside. Something that we haven't seen since back in 2020 2021, which ultimately is what drove the others versus Bitcoin towards the upside. This is it up here. You can see basically this is the altcoins versus Bitcoin. And that expansion is being caused by the US Federal Reserve pumping billions of dollars every single week back into the economy. While it's not being called quantitative easing, it's basically having pretty much the same effect. And you can see some of this here. But what's most important is this.

[00:05:48]We know right now that the US economy and pretty much every economy around the world has to print a ton of money this year because according to the OECD debt report, they delayed debt repayments from last year and pushed it into this year, which is the reason behind why that fouryear cycle has now really been pushed into 5year cycle. And that means that we're going to see loads and loads of money printing. So that means if you're holding money in the bank right now, your money is going to have less purchasing power next year. Now, you might have $1,000, $10,000, $100,000 in your bank. 10% less purchasing power next year is going to be annoying for sure, but it might not necessarily be that significant. However, think about the banks and institutions right now that are sat on billions and billions of dollars in cash, trillions of dollars, in fact. Where do they put their money?

[00:06:29]Gold's at all-time high. Silver's been at all-time high. You've got the stock market at all-time high right now. Oil prices are pretty much at all-time high.

[00:06:36]Leaving it in cash is going to lose me 10% of the spending power on trillions of dollars, which by the way is billions and billions of dollars. Where do you put your money? There's only one asset class right now that is soon going to be available because of the Clarity Act, and that's pretty much at lows, right?

[00:06:50]Seems pretty obvious. And that's why right now we're seeing this basically taking place. Long-term holders have absorbed 303,000 Bitcoin over the last few days. Micro Strategy have been buying 53,000 Bitcoin over the last few days. ETFs have absorbed another 16.8,000 Bitcoin while short-term holders have dumped 290. So, we are net positive here. What's going on? All the short-term holders have been selling off. Smart money has been accumulating.

[00:07:15]Remember, back in 2021, this wasn't a thing. Didn't have ETFs. We didn't have anything to really absorb the supply.

[00:07:21]So, it took much longer for the market to go through any sort of recovery.

[00:07:25]Right now, we've seen markets sell off pretty brutally, and a lot of things are different this time round. Quantitative easing being the most key one of them all. Now, because of the quantitative easing that we're seeing, and we're likely to see more of that accelerating as this year goes on, I think that altcoins are very undervalued versus Bitcoin. And you can see that this pretty much bottomed all the way back kind of in July of 2025 versus Bitcoin.

[00:07:46]I know many altcoins have come down since then, but look, this basically chopped around. Yeah, you got that low on the 1010 event, but this is basically what we're seeing here. This is ticking towards the upside and this is where it's flattening off. To go back in time, back on March 2020, we had the COVID Black Monday event and then from there you had a massive altcoin season rally.

[00:08:03]This was driven by this. We're seeing this expansion coming in here. There is a very good chance that this leads to better conditions across the market in which time altcoins probably will outperform Bitcoin. Typically has always been the way when markets return to greed again. So, as I've said, I've been adding some key positions, but I've kind of started to look at other key trends.

[00:08:23]As we start to see more acceptance of crypto from companies like Black Rockck, from Micro Strategy, from the US government, from many other different places, I start to feel like we are at a transition point where a lot of projects are probably going to die off and then we're going to get a lot of new projects that are actually fundamentally offering something of value rather than just owning a token, which is effectively a glorified memecoin. some of these projects out there are really doing very useful things and generating significant revenues. If you're able to identify some of these at lower prices, then you've got a good opportunity to potentially make some gains once the market returns to strength. But this is a key point. If you are going to buy into altcoins, there is a chance that we see chop over the next few weeks and months. Whenever you buy an altcoin, whether it's up or down, you have to expect that it can go up or down in the shorter term, but you're really buying in and investing for a longer term period. Which is why I always say use money that you can afford to lose and nothing else. Because if you buy into something and it dips down 20 or 30%, the chances are you're just going to go and sell it off and then you're going to miss out on the upside potential. Back in the last bull market, for example, Salana dropped by about 85%. It then did 250x. Gala Games did something similar.

[00:09:34]Manentral did something even more crazy and they all had incredible runs, but only the people who managed to hold through that turmoil were able to maximize the opportunity. Now, what I've seen across the markets more recently is some new projects launching. Now, new projects in markets like this have not always done that well historically, but there are some with very strong fundamentals behind them that have actually been doing quite well, like this one here. I talked about this on the 3rd of February when the market was pretty much tanking. This is called Tria. And I talked about it because it wasn't just a crypto project. It was a project that had onboarded hundreds of thousands of users, had a crypto credit card that people were actually using.

[00:10:08]Yes, we've heard about lots of these different cards, but no one actually uses them. I personally use this card myself and over the past few months or so it dropped down to lows around 13 cents. It went all the way up here to nearly a 4x uh right now sits around 183% higher than where it's been more recently. This is not very typical in new projects and because of what we've seen here I do think that it is a transition period where we are really starting to see real utility projects coming about and there's lots of kind of areas to be focused on right now. AID pin, so like compute power and data like my project, which will be launching over the next couple of months, but also useful less risky DeFi tools like credit cards and things like that. But there's one area of the market right now that has just been going absolutely bonkers, and it's this. Look at what's going on with prediction markets right now. Now, you probably heard of Poly Market. You probably heard of Cali and whatever else. This is suddenly awakened everyone to prediction markets. I think possibly is the reason why the trenches for meme coins and things have got so quiet because everyone's run across to start using prediction markets. And if you jump across token terminal, you can see that Poly Market has done nearly $33 million over the past few months. This is basically since the beginning of the year, and right now they're doing around $5 million per week, which is obviously pretty substantial. And I expect to see that continuing to climb. Now, Poly Market's a website where you can go to and you can place bets on whether the Bitcoin price will be up or down in 5 minutes, whether Donald Trump will tweet something negative about Iran, how many tweets Elon Musk will write over the next two weeks, who's going to win this election, who's going to win the Football World Cup. You get the picture.

[00:11:32]It's a betting website, right? But right now, Poly Market doesn't have a coin.

[00:11:35]So, we can't access that as a particular investment. But there is a project that is about to launch a coin called Space.

[00:11:40]Now, coming across here, you can see the first ever leverage prediction market on Salana. Now, think about this for a moment. In crypto, where is most of the money generated? What do you hear about all the time? Exchanges and of course, trading. Trading is where most of the volume is and therefore most of the money being made by Binance, by etc. comes through trading, i.e. using leverage. Now, prediction markets are already massive. What would happen if you had a prediction market and you introduced the concept of leverage where you could borrow money from the prediction market to add to your bet, giving you a bigger potential win if you win? Now, coming across and checking it out, they currently have a beta access available. And this effectively is going to show you how it's supposed to work.

[00:12:19]Right now, you can sign up and use the beta, which is kind of like the test version. Looking at their Twitter, it seems like there's going to be a mainet launch coming up over the next few weeks. But, as you can see, some interesting things are showing up here.

[00:12:29]Okay. And it's most importantly this SPC volume rather than USDC or whatever volume it's SPC. Now I assume SPC is going to be a space token volume. If they start to use this particular token for bets and you have to buy the token to be able to place bets on this platform. This has the potential to be a very exciting place because remember token supply and demand are very key factors in how well a token might do. So obviously if space token is used in the form of trading here, it could be very very exciting. Also, just for full transparency, I did personally invest in a public pre-sale for space. So obviously I've been paying attention to the narrative. I think it's probably going to be a narrative that's likely going to do well. That's basically why I wanted to have a bit of exposure to it.

[00:13:14]Now, it does look like the token's going to drop over the next day or so. As always with a new token, it's always very key to kind of watch carefully as to what's happening and not get too excited. just being patient because sometimes you can see them kind of go sideways. Sometimes they can kind of drop down like this and effectively then you can maybe gain yourself an entry should you wish to. But I'm looking at this very cautiously. I'm looking at projects that are very small that kind of launching into this weak market because only projects with good quality strength and good fundamentals will be able to survive in this market giving us potential to seeing some good upside once the market returns to strength once more. Now whether you believe that we are at the bottom of the market or whether we have further to go down.

[00:13:53]Ultimately all you're looking to do right now is to identify where there is value. Buy low, sell high. You don't have to buy the exact bottom of the wick and you don't have to sell the exact top of the wick to be able to make some money. Typically the people who try to do that don't make any money. In fact, they lose money. But by identifying when there's good value in markets and getting in low and then selling when markets are high, then you typically tend to do better. Now, as I talked about before, if you are looking to get into altcoins, the only altcoins really that I think are worth paying attention to is basically stuff that has lots and lots of active users who are using a viable product that requires to be on chain. And a lot of those you can find over on defy llama.com. Now, as you go down through D5 Lama, you can see all of the different fees paid, things like that. Pump Fund, right? It's where meme coins and things are launched. $2.8 million in the past 24 hours. Hyperlid, $1.73 million in the past 24 hours. And this is why you can see despite the market being a bit choppy that Hyperlid is up substantially from lows that it saw back at the end of January. You can go across the different chains like Salana, Ethereum. Look at what's been going on in terms of how many tokens are being kind of bought and sold and used across chain and the fees that are being paid. Effectively, all you're thinking about right now is when the market comes good, you just want to be holding projects that are going to be going up that can basically survive through any of the conditions. In the past bull market, we saw Salana go from under $1 to $256, back down to $9, back up to $256, and right now it's kind of lower. Again, if you can find those projects that are still going to be around, you have a good opportunity to be able to enter in somewhere around lows in my opinion.

[00:15:27]Obviously, go and do your own research.

[00:15:28]If you don't agree with me, that's absolutely fine. If you want to go and buy tokens, only buy tokens that you personally understand and think are good investments. No one's going to come and save you if it doesn't go to plan, but you have to have the conviction in what you've decided to buy based off of your own research. Guys, if you want to buy any of the different tokens and things that I've been talking about or anyone really talks about, then make sure you sign up to UBIT link down below. They're offering a $100 deposit bonus. Deposit $100, get $100 free for trading. Guys, I hope you enjoyed today's video. Do me a favor, hit the like button, and I'll see you later this week for another video.

[00:15:59]Bye-bye.