BITCOIN: IT'S NOW OR NEVER!!!!!! [A Must See Chart!!!!]

Added: 2026-05-26

[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 start talking about 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 first, looking at this price action using our leading indicator CPI indicator, you can see Bitcoin got rejected after testing the first resistance the R1 line and found support after testing the May month CPI. So, what does this mean?

[00:00:39]I mean, if Bitcoin manages to close the month of May above this CPI trend line, I mean, above $75,000, the top CPI line for better confirmation, we are expecting the upcoming month for Bitcoin, the month of June, to be bullish and price of Bitcoin after that to continue with this uptrend. Yes, you heard that correctly.

[00:01:01]Guys, if Bitcoin manages to hold its ground above this May month CPI in between $72,000 then the upcoming days, despite this pullback, is expected to be bullish.

[00:01:14]Bullish in that sense because price holding its ground above $75,000 parallelly or above the CPI trend line parallelly will also make us break out of this central line or the basis line from this Bollinger band, which right now will be looked as resistance. Yes, guys, to the upside, we now have a strong resistance from this central line or the basis line from this Bollinger band, which during uptrend acts as support. And since we are below it, since we tested the lower band, will be acting as a resistance. So, we are aware Bitcoin to the downside must hold its ground above the CPI trend line, But, if you want to continue higher, if the price wants to show the actual bullish continuation, then the resistance which I just showed you from this Bollinger Band, the center line must be broken. Price parallelly must also break out of this Williams Alligator indicator. And since the price is below it now, this same trend line, which during uptrend acts as support, will be looked as a line of resistance. Yes, guys, unfortunately, since the price is below it now, the same trend line which during uptrend acts as support will be doing its absolute best to keep the price below $80,000. But, even if we fail, I mean, even if the price fails to break out of $80,000, but somehow managed to remain above these key trend lines, the CPR trend lines, then despite the pullback or despite the failed attempt to break out of this $80,000, I am actually expecting the price of Bitcoin to slowly turn bullish. Bullish because we, in that case, will be holding our ground above this horizontal trend line because this horizontal trend line in the past price action was looked as a very, very important line. This line acted as resistance when the price was below it, but acted as support when the price was above it. And if you look in our case, since the price of Bitcoin is still holding its ground above this 72 to 75,000, above this central CPR line, right?

[00:03:24]We are expecting the coming month, if we manage to close above this CPR trend line, then we are expecting the upcoming month to look somehow like this. I mean, despite the pullback here, we are expecting the month of June to be bullish. Bullish because price parallelly will also start invalidating this bearish continuation pattern lining up for Bitcoin in a weekly timeframe. I mean, dead cat bounce is a very, very, very scenario. And according to this bearish scenario, if Bitcoin fails to break out of this 80,000, the resistance from this.5 to.768 Fibonacci line, right? Just like the resistance from this Williams alligator indicator, resistance from this Bollinger band.

[00:04:07]If we fail to break out of it, but somehow, just like here, we failed to break out of the resistance line, we got attracted to the downside, but we are somehow managing to keep out of this support line. I mean, we are still above this key support line, which we are not allowed to break at any cost. Because once the price loses the support from this May month CPR, parallelly, it will start following a continuation, which will look somehow like this. Bitcoin after a small relief rally, heading towards the original direction. Bitcoin here will lose the most important support from this horizontal trend line, which will trigger another continuation in this manner, and parallelly, price of Bitcoin will also start following this dead cat bounce trading pattern, which clearly points us a move in between $50,000 to $60,000. Yes, guys, if Bitcoin fails to hold its ground above this key trend lines, I mean, the CPR trend line in between $72,000 to $75,000, then we have to be extremely careful because losing that support parallelly will also make us lose support from this rising trend line, which in the past price action resulted in a very, very bearish move. I mean, each and every time whenever the price was following this rising trend line, you can see, we had a very nice movement. I mean, a higher highs, higher lows continuation pattern type of movement, right? You can see, but when we lost the support from this rising trend line, what followed after that?

[00:05:39]A free fall. Same scenario unfolded here as well. We found support at this rising trend line, and as long as the price stayed above it, you can see we continued this uptrend. But when the price lost the support from this rising trend line, what followed after that? A free fall. So, if we want to avoid another move like this, I mean a continuation which could trigger this bearish continuation parallel with this rising trend line breakout, what must the price do? The price of Bitcoin in the medium short term is not allowed to break the support from this rising trend line. I mean, we know that's exactly where we have this May month CPR, right? So, if Bitcoin really wants to do the unthinkable for the month of June, then we have to hold our ground above this key trend line because even after pullback, if Bitcoin managed to remain above this key line, then I am actually expecting a continuation, another higher high for the month of June, which will push the price of Bitcoin above $90,000. Yes, guys, higher highs, higher lows continuation pattern type of formation is what I'm expecting if Bitcoin manages to hold its ground above this CPR trend line. Better above 75,000, but we will be more than happy if we could simply remain above 72,000 to 75,000.

[00:06:58]So, please guys, please do not over leverage yourself. Use proper risk management strategy, proper position sizing, and this was some of the quick update that I wanted to share with you in this video. So, if you enjoyed my work, then definitely destroy that like button, and if you are watching this for the first time, then hit the subscribe button. And by saying this, I'm signing out. Until next time.

[00:07:21]Bye-bye.