Bitcoin Just Broke [Never Happened Before]

Bitcoin, this chart could show something crazy for BTC price.
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Lark Davis Crypto Portfolio & Disclosures

00:00 Intro
00:41 Broken Chart
06:59 The Truth

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Let’s get straight to this this time is well and truly different for Bitcoin things are happening that have never happened before which leads me to speculate that maybe I’m wrong and I’m not nearly bullish enough on the reality for what is coming here maybe I’m mid curving

This whole thing AKA I’m an idiot I should bet more what if this Cycle takes Everyone by surprise and does something truly unexpected well we need to see things breaking already in our models something that basically show that everyone’s wrong well let’s look at what just happened because that’s exactly

What is happening something has never happened before just happened and it could be an early indicator that this cycle is be way crazier than we think it is but in order to understand the context let’s look at the last cycle and throw a nice little Fibonacci retracement here so that you can see

That from the time of the market bottom to the post Bitcoin having price highs you need to get past the Bitcoin having then you get a price High we never once closed a weekly candle above the orange line that orange line represents the 0.618 Fibonacci line now we did have a

Nice rally in 2019 as this chart here shows that got rejected from the 0.618 line but never have we crossed over that line before the Bitcoin having that is until now by the way it took over one year from the time we crossed over the 0.618 in 2020 until the market hit a

Peak High in 2021 at 70k a number which by the way was around the 3618 on the Fibonacci lines interesting right more on that in a minute I could show you the previous cycles and you would see something very very similar playing out that looks kind of like all

That right there but let’s look at the current cycle one example is enough you see this cycle it was all going just fine everything is going to plan we had a strong rejection for the 0.618 line basically on the day of the Bitcoin ETF starting trading as the Green Arrow on

The chart chart shows here but then something strange happened things didn’t go according to plan you see after that cheeky little 20% selloff following ETF approval the Markets started pumping in fact they pumped so hard so hard there something happened that has never happened before we started trading

Over the 0.618 line before the Bitcoin having which has never happened before and essentially is happening nine months ahead of schedule from what we would likely expect to happen based on our four-year models and all that kind of stuff now the models that we’ve used before could be completely broken at

This point so what happens next could follow none of our modeling but for reference previously when we broke the 0.618 line in all cases we had about a year before the market peaked meaning that this cycle could Peak early earlier than previous Cycles which tend to Peak

About 18 months post Bitcoin having we could see February next year be a likely Market peak time and maybe price-wise around $100,000 maybe a little over $200,000 which if we take the 3.68 FIB line that one again as guidance since this is where the previous cycle topped

Out that’s where the Green Arrow is pointing on the chart then that could be around 00 $215,000 now last cycle we spent about a few weeks in total trading over the 3618 line so be a very short sell window there the 2. 618 line the orange arrow

Here is a very interesting area too where you should probably consider starting to book in profits starting to ladder out last cycle we spent a few months over the 2.61 eight line on the Fibonacci charts the average price during that time was over $447,000 AKA a nice and profitable time to sell for

Most Market participants but maybe none of that matters because Black Rock has fundamentally changed the game they broken the charts and none of this matters anymore before we break that down I just want to let you know about wealth Mastery the best and most Alpha packed newsletter in the entire

Cryptocurrency industry every single issue contains money making insights on altcoins airdrops nfts technical analysis charts deep Dives onchain data and much much more join our 100,000 plus weekly readers for free using the link down below now everything I’ve just said I think it was pretty interesting don’t you but

Perhaps perhaps the models just don’t really matter anymore we have essentially activated an infinite bid of Wall Street money for Bitcoin the Bitcoin ETF as I have said many times before is a once in a market liquidity event inflows in the last few weeks have been in the billions we are seeing days

Where Black Rock and friends are buying 10x more Bitcoin than the miners are producing that’s insane numbers that’s completely unsustainable to current prices the only solution is for the price to go up Bitcoin has just opened the doors for tens of billions literally of cash to

Flow into this asset class the models we have based all of our thinking on for Bitcoin could be obsolete still have to prove that just because one thing’s broken doesn’t mean everything’s obsolete but look maybe even Wall Street was not fully ready for what’s coming here even the gold ETF may

Not be a great parallel because gold has a lot of features unlike Bitcoin for example the supply is infinite Supply is unknown and let’s face it Gold’s never had one tenth of the popularity of Bitcoin gold holder by the way so not totally hitting on gold and while gold

ETFs were wildly bullish the economics of gold have never been anywhere near as bullish as they are for Bitcoin think about Bitcoin 21 million coins Max Supply 6 million coins lost forever 75% of the coins in the hands of total Fanatics who have exited Fiat and are

Not coming back Bitcoin having an April coming at the time of unprecedented Rising demand in the market and without any of those wildly bullish features gold still went up a few hundred% in the seven years post ETF approval I firmly believe that Bitcoin will go on to match

And likely exceed the market cap of gold because it is the inherently Superior asset could happen to Su to this decade now that gives us a per coin price just matching the market cap at Gold $650,000 so Bitcoin can go from 1 trillion to 13 trillion total market cap

This is a gain bigger than the gold ETFs brought in but Bitcoin again has better economics that can help the price pump that much and probably in an even shorter time frame than gold did Bitcoin is the most hyped and best performing asset of the century is the apex predator of

Money it’s the Giganotosaurus or the t-x of cash of Internet money and now people can buy it just by opening up their favorite investing app click click click click I I have some Bitcoin now then you consider that Hong Kong’s bringing Bitcoin ETFs Korea’s bringing Bitcoin ETFs Europe’s already got it Brazil’s

Got it Canada’s got it and you realize then that all this is happening with the supply crisis in the background just adding fuel to the fire there is simply not enough coins to meet demand Supply on exchanges is at a multi-year low right now hasn’t been this low since

Like 2015 2016 retail buyers are still completely asleep to what is going on the retail herd hasn’t even shown up yet and there’s like6 trillion dollars in money market fund accounts right now earning 5% which is laughable of course compared to bitcoin gains what happens when the FED starts cutting rates where

Does that money go you know at least a few percent a few percent is coming to bitcoin 1% of that 6 trillion 6 billion doll a lot of Bitcoin nation states are coming okay UAE Oman these guys are paying attention corporations are coming family offices are coming millionaires are coming billionaires are coming

Basically the whole world is underexposed to bitcoin right now and the hard Cold Truth is that there is not even close to enough for them to buy as much as they might want to buy it it doesn’t exist for them they don’t have it on the market because you were here

First you got it first and here’s the thing with Bitcoin the price in five to 10 years is extremely likely to be much higher and all you have to do is nothing just hold and wait now you can play the sell at 200k and Reby at 50k game but if

You have balls of steel and you like a bit of suffering and pain you can just hold on man you can just hold I have strong conviction that Bitcoin is going to million dollar per coin I have a huge Bitcoin bag the only question is when

It’s going to get $2 million per coin and that when could come sooner than we think because the models as we have used them and have understood them in this market are starting to be broken by the infinite money glinch that has been turned on thanks to Black Rock and

Friends let me know in the comments what year you think Bitcoin is going to hit a million dollars my money is on 2033 but 2029 also an interesting possibility let me know your thoughts down below peace