THIS CHART SUGGEST BITCOIN TO $32,000 IN 2 WEEKS [My honest opinion….]

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Timestamps:
00:00 – Intro
00:46 – Bitcoin analysis
07:55 – Bitcoin to $32k in January
13:28 – More crypto news
14:10 – Trading strategies

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**Disclaimer**
Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.

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Guys Bitcoin has been having a pullback and right now some of the most reputable analysts in the space are predicting Bitcoin to go as low as $32,000 in the next month after the Bitcoin ETF is approved today guys I am going to talk about this I am going to

Talk about what I think is going to happen why are we seeing this pullback right now how you can actually play this and also what I think is actually going to happen with the Bitcoin price I’m going to give you an update on what I believe after the Bitcoin ETF decision

So if you’re also using my trading strategies I have some massive updates for you so guys make sure to stick around from the beginning until the end of this video 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 we had a pullback yesterday and as you know guys I am looking for Bitcoin and my ideal scenario for Bitcoin would be for Bitcoin to consolidate in within

This range and yesterday when I made that video since then we have seen a drop of course we’re finding support of my red line right here so we’re having a bounce and there’s a couple of things to take note of here first we’re having this bounce and we’re getting supported

Of of this red line which is fantastic second thing is if you look at the shape of the candles you can see that the wick right here is longer or like the bodies of the candles didn’t go and hit the actual level here of the red line

Here you can see the bodies of the candles went straight down and hit the red line here we didn’t do that so this signals actually strength in the market so that is a good thing right kind of like you you saw right here so you saw

The uh price go down and then you saw the bodies of the candles closed in this vicinity and the second time it went down you can see the bodies of the candles actually closed Above This previous level so this also signaled this is the same scenario it signals

Strength in the market when you do do see a similar price drop in terms of where we’re going but just the bodies of the candles closes higher and even the Wicks here closes higher and this is the same thing that you can see right here you can see the bodies of the candles

Are closing higher and even the Wicks are closing higher than the previous time so this signal strength in the market and uh like I said I do still think that this Orange Line my go-to case this edge of the Orange Line Orange uh sorry Edge Of The Orange Box red line

Is going to hold up the Bitcoin price and this is still my goalto case of course the only caveat is the spot Bitcoin ETF if it gets denied or whatever happens on that day that is going to bring so much volatility so that is a completely different beast but

I already talked about that in great depth in yesterday’s video so make sure to go back and watch that but why if you’re looking for a reason for why we saw this drop right at this moment of course it has to do with the same thing

I was talking about in my two latest videos so it has to do with options expiries happening today so over $10 billion worth of options you can see I posted this actually two days ago this $1 billion Bitcoin move is happening in 48 hours and this is the move that you

Are seeing right now because with the options how it works is that all of these investors they have basically been betting their money on bitcoin expiring today at a particular price so all of these whales and it’s huge amounts it’s over it’s actually almost uh yeah almost

$1 billion worth of crypto Assets in terms of Bitcoin and ethereum so um when you have such huge amounts of money being uh bet here on the price being at a particular point then of course the whales are going to try to influence the

Price to be at that point on the date of the expiry which is today so that is why you saw a influence on the price they tried to push it down they managed to push it down and now we find ourselves they didn’t manage to push it down below

The uh below the red line here though so also with options what you have is a point in which you have the most amount of money having the most amounts of losses because obviously some people have been betting on the price going up or down at a particular price at a

Particular date and so on and the pain max pain price so the point in which most people lose money for Bitcoin would be $33,000 and almost 1.9 th000 for ethereum so of course we’re nowhere close to that level but yeah I just wanted to put that out there so there’s

Still um a lot of I mean we didn’t manage to go down below the red line here I don’t think we’re going to do that but if you would have the most amount of pain in the market it would be at $33,000 so that’s the reason why you’re

If you’re finding if you’re trying to really find a reason for why we’re going to go down here well that is the case but now just like I showed you we’re finding that balance here we will see if this red line is going to hold I have to

Assume that this is going to hold unless something drastically changes in the crypto markets now for ethereum this is actually on the daily time frame and this is really interesting as well because you can see that we went up here for the ethereum price to 2,394 on The Daily time frame we went

Above it on the wick and then we went straight down we closed and you can see that the kind of price action here is respecting this range very very well so basically the range is between 2,192 and 2,390 basically so this range is being respected very very well so keep your

Eyes on the resistance level up here and keep your eyes on the support level down here as well so what’s going on for the traditional markets well traditional markets are still going up however not in the same kind of way as we have seen here recently instead what you’re seeing

Is a little bit of a potential local top here and I want to spend some time talking about the traditional markets because obviously it has been on a massive run recently and in fact if you look at the weekly time frame we’ve had

1 2 3 4 5 6 7 8 nine green weekly candles in a row and this is pretty unusual for traditional markets now don’t get me wrong I do still think that the traditional markets are going to continue to go up in general however it could be the case that we’re seeing some

Kind of a small local top here for traditional market and that we’re going to see some more pullbacks before we go up even higher here for traditional markets let me make this clear I still think that the traditional Market are going to continue to go up however we

Could be close or at a small little local top and just go sideways for maybe two three few weeks small correction and then we continue towards the upside and one reason for that as well is if you look at the peak of the previous top here this was actually in July of

2023 you can see that the RSI was overbought here Crossing 70 um 71 on the RSI index and um so we went went overbought here and that is the point at which we started the correction and then we found the bottom right here and we’ve had obviously a massive Run for the

Traditional markets so could we have a little bit of a correction for traditional markets yes we could and in that case I do think that um Bitcoin is also going to be affected by it if it happens after the ETF approval now there’s a lot of factors to consider

Here how many people are going to sell the news so how many people have been buying up the Bitcoin price waiting to sell okay let me wrap this around as well how many people are waiting for the spot Bitcoin ETF to actually get approved until they start accumulating

So there you have those people as well so there’s a lot of game theory here there’s a lot of things you need to be mindful of so um we just do not know we just have to wait and see one thing we know for sure is that there’s going to

Be massive volatility and if I go to what some of the analysts believe here you have these headlines this is crypto Quant one of the most reputable analysts in the crypto space they believe that the Bitcoin ETF approval is going to be a sell the news event meaning we could go down to

$332,000 next month after the ETF is approved so if we see the Bitcoin ETF being approved and we go down to $32,000 that’s quite a significant drop actually that’s more than 33% right so that is a significant drop and usually in the bull markets yes you

Do see drops worth of 33% but honestly for me I only think that Bitcoin is going to go down to this point if the Bitcoin ETF is denied not if it is approved I just think that there’s going to be such a big effect with the ETF actually being approved with the money

Flooding into Bitcoin and I don’t think that you’re going to see a big candle down to $32,000 now what I do believe though is that potentially we could still have a 33% drop but not to $32,000 if we see a 33 or like 30% drop I do

Believe it’s going to be the case I talked about yesterday meaning we go up to a much higher level let’s say we go up to $50,000 and then from that point we go down $33,000 right so that would be something let’s say we go up to

$449,000 and then have a 30% drop that would be uh let me see here let me take this on the weekly time frame actually so 30% drop from what were we were saying let’s say 49,000 so 30% would be $34,000 right so maybe $36,000 so maybe

We see 27 so if we see a big pump after the ETF the only scenario which I think we’re going to see such a big drop in terms of percentages is one if the ETF is denied or if we see it approved and then Bitcoin goes up much higher and

Then has a drop after that once we are at a much higher level so in other words I do not think that we’re going to go down to 32 to 31 or to $3,000 if the Bitcoin is Bitcoin ETF is approved and I do not think that we’re going to go down

Down that low in January now whatever happens in the future we do not know but these guys crypto Quant are speaking about January particularly so of course we’re going to have pullbacks for Bitcoin we are prepared for that and in fact I think the best scenario and this

Is actually the scenario I’m hoping for because this could be a massive opportunity and that is if you actually have so much people that have been buying up Bitcoin and that are waiting to dump this on the day of the spot Bitcoin ETF approval let’s say let’s say

This scenario plays out and the ETF is approved everything is fine but Bitcoin dumps to $32,000 on the day of the ETF approval just imagine if that is going to be the case and the comparison they make is actually when the CME Futures were approved in 2017 we were at

$20,000 and then we went down to like we went down pretty quickly if I remember correctly uh in it was like the 14th of December or something like that uh when the ETA when the um Futures was approved and we went down to like $144,000 and

Then we went down to $10,000 but it took place over over a few weeks but I think if this plays out and you go down and everything is fine Bitcoin ETF is approved you go down to $32,000 it’s such a massive buying opportunity let me just put this into perspective so if you

Look at Bitcoin compared to the traditional market so this is measured in traditional markets you can see we have the two peaks here of course for Bitcoin when compared two traditional markets Bitcoin was much much higher but let’s say the markets stay flat the S&P 500 traditional markets just go sideways

And yet Bitcoin goes down to $32,000 now how big of a drop is that actually uh from where we are right now it’s about 30% drop right let me actually double check that so again where we are right now and then going down to 30 uh 32 okay

It’s it’s even less it’s like 20 26% drop so let’s say we go down to $32,000 that means that the S&P 500 compared to bitcoin would be at let me see here 26 so basically at this point so that means that we would be trading compared to the alltime high here when

Bitcoin was an alltime high compared to the traditional markets that’s a 55% difference and now keep in mind that the traditional markets have broken its all-time high right traditional markets have broken its all-time high Bitcoin is not at its all-time high yet we are down 55% compared in relative terms if you

Look at traditional markets of course in in nominal terms like in terms of dollar gains you’ve had for Bitcoin it’s much much higher but if you look at the performance we are performing like 55% worse than we were at the top of the Bitcoin uh of the Bitcoin cycle here –

55% and we’re nowhere close to an all-time high for Bitcoin so I just don’t think that that you know there’s just too much demand for Bitcoin right now it’s not going to outperform sorry underperform the traditional markets that much now another case would be if traditional markets has a free fall down

Then of course that’s another story but granted I believe that the traditional Market are most likely going to go sideways a little bit maybe drop down a little bit but then continue its upwards trajectory well I just cannot see Bitcoin go down in January to $32,000 so

We will see but I do not think that that is going to happen that is my opinion guys and also other key things to take note of is the pivot from the feder well China are already printing record amounts of money injecting it into the economy so uh yeah money printing is

Going to happen sooner rather than later it always happens with central banks and assets Bitcoin are going to go up over time anyway so I would not be worried in fact just like I said if we do see a massive pullback it’s such a massive opportunity if you do see the spot

Bitcoin ETF being approved people are underestimating in my opinion the effect the Bitcoin ETF is going to have even though there’s a lot of hype right now and there’s been a lot of hype regarding it with black rock and everything people are underestimating the actual effect

Over time the spot Bitcoin ETF is going to have so that is just my opinion guys now for the Bots you can see that my bots have accumulated significant positions again Bitcoin fast bot five positions accumulated the slow Bots three and four for Bitcoin and ethereum respectively three and four also for the

Cycle Bots for Bitcoin and ethereum respectively so what I’m looking for now for these Bots guys is I want to see a pump up to the takeprofit prices which is right above like 43,200 43300 so a pump up here maybe like this and then hopefully some more volatility

In this range for the Bots to continue to do magic accumulate on the way down and take profit on the way up absolutely fantastic um so that is that my positions for the bots on bitat also still at massive profits OB obviously uh on the first account and on the second

Account as well spots are still uh full but you can click on slot reminder so you get notified as soon as new slots are opened but also you can try to email bitat and see if they can race this but it’s not possible from a technical standpoint is what they’ve been telling

Me but you can use it on obviously on okx still if uh if you find that these ones are full if you want to use these trading strategies and uh obviously also if you want to know more about this go to the description of this video watch

My tutorial at the top very very important in order to understand I I’ve been getting so many emails right now asking me like how these Bots work and everything watch this video it explains everything you need to know um go down also if you want to use these claim up

To $60,000 in deposit bonuses click join now and then you have with one click you can set up each and every one of these Bots here and then obviously also on bit cat if you’re not able to use Sox click on this link it’s going to take you uh

To a deposit page where you can claim up to $8,400 after you sign up and then click on these ones going to take you here and uh then you um can click slots reminder and get reminded when new slots are opened um eventually maybe I will

Create a third account but I just do not want to have so many accounts right now it’s just insane but maybe I will create a new account later and then obviously new slots will be aail ailable so subscribe activate the Bell if you want to get notified as soon as I open

New slots here uh but yeah subscribers on bitat $30,000 on my second account in profits for my subscribers and $120,000 on the main account on the okx accounts because these ones I’ve been using for you know almost one year more than one year already and this is uh at

Over $1 million in profit for all of my subscribers so that is absolutely fantastic okay guys thank you so much for watching this video and I will see you in the next one