This video packages routine technical observations in alarmist clickbait, functioning more as speculative entertainment than rigorous financial analysis. It exemplifies the high noise-to-signal ratio typical of retail-focused cryptocurrency commentary.
Deep Dive
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Deep Dive
❌ BITCOIN: IT'S FINALLY HAPPENING!!!!!!!! ❌ [watch ASAP!!!!!!]Added:
So, will the price of Bitcoin go higher?
Will the price of Bitcoin get attracted towards the next area of confluence because since couple of days, I was very clear with you guys. Bitcoin holding its ground above $70,000 means a continuation of an uptrend which could bring the price of Bitcoin towards the next area of confluence which in our case sits above $80,000.
Yes, this is exactly what I showed you.
Bitcoin in the medium short term could show weakness, but please do not get fooled. We have extremely important support above $70,000. So, any sort of a pullback means a temporary pullback before expecting another bullish continuation. And looking at it now, you can see after the pullback around this Williams alligator indicator, Bitcoin looks like heading higher. Not just only because of this Williams alligator indicator, we were also aware that this Bollinger band broke to the upside and breaking out of the upper band from Bollinger band usually results in an uptrend. So, any sort of a pullback along with the support from this Williams alligator indicator, Bitcoin had support from this basis line. And this is what I showed you. I mean, Bitcoin has extremely important support above 70,000. So, any sort of a rally, a pullback doesn't mean we are bearish. It could be just a temporary pullback before expecting a continuation in this manner. And looking at it now, you can see Bitcoin officially looks like heading towards the next area of confluence. And the next area of confluence in our case is is horizontal trend line because breaking out of this folding channel pattern, the upper trend line here in past price action resulted in a very very bullish move, even a new all-time high.
So, in our case, even if the price fails to make a new all-time high, we are expecting this move to get attracted towards the next area of confluence. And in our case, this horizontal trend line, if you monitor it carefully, you can see previously acted as a strong line of support. And now, this same trend line will be acting as resistance, but even if this acts as resistance, doesn't matter, friends. We could get attracted towards this trend line. And this trend line sits above $80,000 before All right, before we choose an direction. So, you can see a bullish breakout from this Williams alligator indicator, a bullish breakout from this Bollinger band, a bullish breakout from this falling channel, or a bull flag type of formation, and even a bullish breakout from this double type of formation, which right now is also pointing us a move towards this 100 exponential moving average. And this 100 exponential moving average also sits above $80,000. So, you can see this is another reason why we are expecting the price of Bitcoin after breaking out of the 70,000 resistance to continue higher, even test the price up to the above $80,000. And only after that to choose a direction because we right now are clearly above the most important support above 70,000. And remaining above that trend line means we are expecting a continuation of an uptrend. And according to our leading indicator as well, you can see for the month of April, we have officially tested the first bullish target, the air one line, which was around $74,400. Now, the next price target is this air two line. And this air two line sits around $80,740.
So, this is another reason. Bitcoin holding its ground above 70,000 means there is a very high possibility of price slowly getting attracted towards this air two line above $80,000. And only after that to choose an actual direction. So, please do not get fooled.
Even if the price in the medium short term starts showing weakness, but holds its ground above 70,000, we know it will be looked as a temporary pullback like this. And price after testing the support line is expected to continue higher. And in our case, this move is expected to hit above $80,000 before we choose a direction. So, please, guys, do not let this chart fool you. As long as the price of Bitcoin remains above 70,000, we are expecting this air two line to attract us, which right now sits above $80,000. So, these were some of the quick update that I wanted to share with you in this video. If you enjoyed my work, 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 also a quick reminder, if you haven't claimed free bonuses which are available for our community members in the description down below, then do check it out. And by saying this, I'm signing out. Until next time.
Bye-bye.
>> [bell]
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