BITCOIN.... MINDBLOWING DATA WAS JUST REVEALED...

guys today I am going to talk about the next major move that is about to happen for Bitcoin also we have had some absolutely crazy groundbreaking developments for Bitcoin in the background a lot of people are not paying attention to this so guys I need to talk you through everything you need to know right now welcome back everybody my name is Chris bringing you cryptocurrency videos every day teaching you how to make money in this market if you're new to the channel then make sure to subscribe and activate the Bell right now so let's get straight into it guys so what we can see is that on the 4 hourly time frame after having a massive pump and some consolidation yesterday like this we saw a little bit of a pullback but look at this now we are once again trying to break through higher prices here for Bitcoin so that is absolutely fantastic to see and uh there is a couple of very important takeaways that we need to consider right now so the first thing is that we are about to approach the previous swing high so this was the previous swing high and we are right now actually trying to break through this point so this is a major Milestone if we're able to break through this then it solidifies the trend of uh basically an uptrend of us making higher higher highs here so that is absolutely fantastic on the 4H hourly time frame second thing jumping back to traditional markets traditional markets are right now now trying to break through its previous swing high as well and this is actually the previous all-time high we made a new all-time high yesterday but we had a little bit of a pullback Down Below my orange line and uh now let's see during the day here where is uh this going to end up are we going to make another push well the Bulls are certainly I can almost guarantee that the Bulls will try to make a new push here but the question is are they going to be able to break through this point or are they going to make a push and then get rejected of the previous all-time high so those are some of the key things we need to watch right now but if you look at the traditional markets you know that we have broken the downtrend here we uh on the 1st of May actually we broke this downtrend and we got above this point and that is when we started to see some nice pumps for the traditional markets now what I've been saying here all along is it is only a matter of time if traditional markets continues like this it's only a matter of time until Bitcoin catches up and it took a little while for Bitcoin to break this downtrend but we managed to break through it and we had this pump and I think that it is pretty likely that we are going to go up I don't think that we're going to see parabolic moves by any means as you know if you've been watching my previous channels but we're going to slowly go towards higher prices and I do not mind if we see it happen very quickly but um ideally and what I think is going to happen is that we're going to have impulsive moves some pullbacks and then consolidation and then some moves pullbacks consolidations and we are in general going to Trend upwards but it is not going to be a candle like straight up like this but I welcome sideways action because that is also where my trading strategies are actually uh performing the best so that is all very very good I will get back to the trading strategies with an update here later on in this video but that is really what I am watching right now I do think in general we're going to lean upwards as you know we're going to Trend upwards but uh mostly we're going to see sideways as well so that is absolutely fantastic now what I wanted to show you is the stable coin inflows and you can see a spike right here just a few days ago and there's a lot of stable coins on the sideline right now just waiting to be deployed so that is all very fantastic also today you had about $2.2 billion worth of options expiring so the participants on these options are going to try to affect the Bitcoin price today so that they are at the time of the expiration is at a profitable price now the max pain Point meaning the price point in which most people lose the most amount of money is actually $63,000 for Bitcoin so we are a bit away from that but for ethereum $3,000 so we're pretty close to this for ethereum so yeah this is also bringing some volatility today but there's big things happening with the ETFs and I definitely need to talk about this because this is huge over the long term this is going to be massive so first thing is yesterday you had an inflow of$ 257 million even again gbtc saw an inflow so that is great we continue to see inflows to continue to see people buy Spot Bitcoin through these ETFs now we saw something huge yesterday because it was reported yesterday that ibit which is black rocks Bitcoin ETF they have reported 414 holders uh in uh well institutional holders so this is absolutely massive because even having 20 holders as a newborn is highly rare so these are other ETFs apart from the Bitcoin ETFs these are some of the other ETFs that were launched in I guess 2024 and what you can see is that Bitcoin ETFs are absolutely crushing all other ETFs that were launched so there's a lot of interest into these Bitcoin ETFs even for institutions 414 and just for perspective 44 institutional holders means it is the most successful ETF launch ever also the Bitcoin ETFs destroyed expectations so this is just the tip of the iceberg and we're going to see more of these institutions this close that they have been investing into Bitcoin and here again we have the long-term effects of the spot Bitcoin ETF playing its course so that is absolutely fantastic to see all according to plan now in terms of the situation with the economy we do have nearly 9% of the 1.12 trillion in credit card debt transition to delinquency status in quarter 1 of 2024 so what is this word delinquency and how does it relate to credit well credit card delinquency occurs when a card holder falls behind on making required monthly payments in other words it basically means that people have been taken on credit with their credit cards they are now broke and they are not able to pay that off so why is this important because the key reason or one of the key reasons uh that they are not able to pay these uh credit car depths right now is well of course one they've been taking on too much depth but the second thing is that because the interest rates are so high well it also means that their payments are very very high so this again puts pressure on the FED if they do not want to crash the economy this puts pressure on the FED to reduce interest rates which as we know guys is going to lead into higher prices for assets in general definitely for Bitcoin as well now on one hand this is the case on the other hand actually the FED as you know wants to see a weaker economy they want to see a much weaker economy so that people are actually broke and they feel broke and they are not spending money and they're not pushing inflation so this is all kind of yeah what is The Sweet Spot here between not wrecking the economy but just racking it enough so people are not you know spending too much money and pushing inflation higher so that is the key thing now overall guys everything is still going according to plan and my trading strategy here the latest one I launched is up 18% so it is still doing fantastic here and I will continue to use these ones Al also uh my second well the the uh previous strategy I was having uh this one is also going up this is going to start trading again once we get to 68,500 so let's see when that is going to happen but yeah looking forward to that of course if you want to use my trading strategies you can do so using the links in the description just watch the video at the top of the description right here but if you want to join you click on this okx link sign up claim the deposit bonus by clicking join now and then scroll down and with one click once you have signed up so it's important to sign up first you do not miss out on the bonus but then with one click you can click here and you will be able to use that strategy as well guys I am going to actually travel for a few days so there's not going to be a lot of trading videos for the next few days so I want to leave you with this but there's going to be an altcoin video because a lot of people have been asking me about altcoins what to keep your eyes out for how do you identify quality alt coins so I'm going to post that probably on Saturday or Sunday we will see but uh yeah with that said guys let's keep our eyes on the stuff that is happening now for Bitcoin we broke the trend line things are looking pretty decent for Bitcoin moving forward but expect sideways action for anyone telling you that we're going to be at you know $100,000 in two weeks I would be very careful with that I do think in general sideways action but a slow Trend towards the upside I am bullish as always guys and with that said thank you so much for watching this video and I will see you in the next one

Channel: Satoshi Stacker

Views: 22,008

Keywords: bitcoin, cryptocurrency, satoshi stacker, bitcoin bull run, crypto, altcoin, altcoin daily, blockchain, decentralized, news, best investment, top altcoins, ethereum, tron, stellar, binance, cardano, litecoin

Id: JJH9_F8GqOI

Length: 9min 59sec (599 seconds)

Published: Fri May 17 2024