NEXT BITCOIN PRICE TARGET REVEALED (Get Ready)!! Bitcoin News Today & Ethereum Price Prediction!

NEXT BITCOIN PRICE TARGET REVEALED (Get Ready)!! Bitcoin News Today & Ethereum Price Prediction!

welcome back to the Crypt Channel everyone my name is Josh and right now Bitcoin is once again bouncing from this critical area of support while this Bitcoin chart is potentially revealing the next short-term price Target while ethereum is continuing this Bounce from this critical area of support in the shorter term so I’ll be talking about all of that and more later in the video so definitely watch to the end first of all taking a look at the 4-day Bitcoin chart and as of right now the price of Bitcoin is still in this massive sideways consolidation range with the Ballinger Bend squeezing together and the Ballinger B with indicator still sitting at very low levels and so over the last one day not much has really changed on this chart right here so if you want to know more about this chart then check out my last video here on the channel and if we’re taking a look at this 3-day Bitcoin chart as of right now the 3-day Bitcoin RSI is still sitting below 50 in the lower half of the indicator and as I’ve been saying since a few days ago since when the 3-day Bitcoin RSI started to dip below 50 just a few days ago here simply based on previous price action from what we’ve seen in the past time and time again usually when the 3-day Bitcoin RSI is below 50 especially during a more bullish Market on the larger time frames when the 3-day Bitcoin RSI is below 50 those are usually some pretty decent buying opportunities to scoop up some relatively cheap Bitcoin to hold for the longer term so this is a longer term signal not a short-term signal and so once again as I mentioned a few days ago here on the channel my current trading strategy when it comes to this chart right here for the price of Bitcoin is to simply just dollar cost average into Bitcoin on the spot market so at least for now I’m not currently entering into any leverage trade at least for now and that’s simply because at least just in the short term we have been seeing a lot of choppy sideways price action as of recent so not the best or ideal conditions for a leverage trade and so once again due to that I’m simply accumulating spot Bitcoin on the spot market and so by doing that even if we see more bearish price action in the short term that is okay I won’t get liquidated or anything like that because the Bitcoin that I’ve been accumulating at much lower prices here and the Bitcoin that I’m accumulating right now I’m planning to hold for the much longer term and so far over the last few years this has been working very well but if we’re zooming into the slightly shorter term just here taking a look at the daily time frame of course as of right now the dxy and as we’ve seen over the last few weeks the dxy has been trending in the bullish Direction forming higher lows and higher highs which is bearish for the trend and momentum in the price of Bitcoin at least in terms of the shorter term Trend and momentum seen here on the daily time frame but it’s because it’s the weekend the dxy is currently closed for trading so we don’t really have any new information based on the dxy right here but of course that will be updated in the coming days and it would only start to flip much more bullish again on the price of Bitcoin in terms of the short-term Trend and momentum here if we start to see a fairly strong bearish Trend reversal here in the dxy by forming lower lows or lower highs for example but once again as I’ve been saying basically every day over the last 3 weeks I’ve been warning that while this dxy is trending in the bullish Direction expect this shorter term bearish Trend to continue but of course during that short-term bearish Trend we can see some small breaks or pauses here and there from the bearish trend before potentially the continuation of the trend later on and obviously I’ve been saying that basically every single day over the last half a week to nearly one week now basically ever since we saw this dump right here to below $60,000 after we saw that dump basically I immediately said that we’re most likely going to see a lot of choppy sideways price action here or potentially a bit of a slight bounce or bullish relief basically just a break or a pause from the short-term bearish Trend but not necessarily the end of the bearish trend and if we’re taking a look at the price action since I’ve been saying that just around half a week ago give or take we have seen pretty much exactly that play out as expected just a pause from that short-term bearish Trend but at least for now we have not fully confirmed any bullish Trend reversal because as I’ve also been saying in order to confirm a bullish Trend reversal in terms of the short-term Trend and momentum here we need to ideally see a confirmed breakout back above strong resistance areas on the chart and also ideally a bearish reversal here in the dxy which at least for now we have not confirmed any of those bullish reversal signals but like I’ve been saying anyway just over the last half a week to nearly one week now I still expect a lot of very neutral price action here in the short term just chopping around in this sideways price range in between this area of support and this area of resistance and first of all this area of support is sitting in between around $60,000 to 61,000 and this area of resistance is sitting in between around 63,000 to 64,000 and so once again I would not be surprised if we continue to see some more choppy sideways price action in this sideways price range potentially over the coming days but over the coming one to two weeks we’re most likely going to see the price of Bitcoin leave this sideways price range and ultimately because we are technically in a bearish trend here in the short term there is a higher chance that we’ll break to the downside compared to the upside considering that is simply the direction of the momentum at least in the short term here but ultimately in order to expect a move down towards this massive area of support in between 565,000 to 58,000 we first ideally need to see a break below around $660,000 with confirmation so candle closes below 60k and of course until then while we’re still holding above this area of support we’re still looking very neutral just in the immediate shortterm but not necessarily invalidated or reversed from the bearish trend because once again for that we need to break out Above This resistance and also we have a lot of resistance right here at around 67 to 68,000 and more resistance at around 72 to 74,000 and if you want to to trade any of these moves in the price of Bitcoin or any other crypto personally I usually trade over on buybit so I’ll make sure to leave a link to buybit down below this video in the description and in the pinned comment and if you use that link down below this video to make a buybit account and deposit on that account then you can get up to a $30,000 deposit bonus but only if you use that link down below this video and also if you use that link it’ll take you to this page right here where you can claim an exclusive 500 USD position air drop just by making a buit account using that link making a deposit and claiming the airdrop and this 500 usdt position airdrop is available for Bitcoin ethereum salana and a bunch of other cryptos here over on bit but for any of the Deion out there there’s also currently an exclusive 200 usdt position airdrop for a bunch of meme coins and so I will also make sure to leave a link to this page down below this video in fact it’ll be the second link below this video to this page right here and the first link below this video will take you to the 500 us position airdrop and so if you’re going to be trading crypto anyway you might as well check this out once again those first couple of links below this video but for whatever reason if you cannot access bybit or if you cannot kyc on bybit there is also bitflex which is another crypto exchange similar to bybit but you don’t need KY for bitflex and so I will also make sure to leave a link to bitflex down below this video as an alternative crypto exchange and if we zooming into the shorter term looking at the 4-Hour Bitcoin chart obviously right now we’re in a weekend which is shown by these are on the chart right here and historically speaking usually over the weekends we see very low volatility and so far this weekend we have seen one relatively small move which is probably the highest volatile move that we’ve seen in many many weeks on a weekends that is but with that being said compared to the weekdays we’re still seeing relatively low volatility compared to what we’ve seen during the weekdays and so just for the next few hours over the next half a day give or take while this weekend completes I can continue to expect relatively low volatility but very soon in the next one day or so we’re likely going to see an increase in volatility as we enter into the new week because historically speaking if we’re looking at a lot of previous examples usually when we enter into a new week we see an increase in volatility quite clearly on the weekdays compared to what we see over the weekend and the reason behind that is because there’s much lower volumes on exchanges on weekends and also the Bitcoin ETFs are closed for trading on weekends because the US Stock Market is closed on the weekend and so due to multiple factors like that there’s a lot less trading activity happening over the weekends compared to during the week hence lower volume during the weekends and lower volatility but with that being said taking a look at the Bitcoin liquidation hit map and what we can now see first of all just a couple of days ago we actually liquidated a lot of positions at around 60.3k to 60.4k which I mentioned over the last couple of days and as I mentioned in my last video here on on the channel now that we’ve taken out that major level of liquidity which was really the primary level of liquidity just over the last couple of days we now have a major level of liquidity to the upside which is sitting at around 62.5k to 62.6k approximately and as of right now there’s around a billion dollar of liquidity sitting right at around 625 thousand which means that is a likely price Target just in the short term to pay attention to because usually the price of Bitcoin likes to go towards these major levels of liquidity to take out a lot of those liquidation levels and also 625,000 is still in this sideways price range right here just below this major area of resistance so once again we could still likely see a bit more choppy sideways price action here in this sideways price range and with that being said taking a look at ethereum on The Daily time frame and right now the price of eth is still holding Above This 50% retracement level which is acting as support sitting at around 3350 and at least for now we’re still in that pause from the bearish trend but we have not yet confirmed any bullish Trend reversal at least here in the shorter term and if we’re taking a look at the 12-hour time frame right now the price of eth is still perfectly playing out this bullish Divergence that I’ve been talking about over the last few days or so and this is playing out in the form of a slight bullish relief and some choppy sideways peress action more recently and once again those are the most likely outcomes from a bullish Divergence as I’ve been sharing over the last few days is but ultimately the price of e is still struggling at this resistance level which is sitting at around 3450 and we also have a significant area of resistance in between 3.6k to 3650 and so if we continue to see a slight bullish relief here in the short term the price is still likely going to struggle around those areas on the chart as we’ve seen just recently and so once again as I’ve been saying recently here on the channel this is pointing towards more choppy sideways price action because the price is trying to out a bit of a bullish relief but still struggling around resistance and therefore seeing these slight rejections from resistance and playing out choppy sideways price action here in the short term and it would only start to flip much more bullish again for the price of e in terms of the short-term Trend and momentum if we I dearly confirm a breakout back above around 3650 and also in order to flip much more bullish again on the price of e here in the short term for the trend and momentum I’d like to ideally see some bullish reversal signals confirmed for Bitcoin because usually a lot of the crypto Market ethereum included kind of follows what Bitcoin is doing and with that being said taking a look at this 8h hour time frame and right now the price of eth is still perfectly playing out this oversold signal here in the 8h hour ethereum RSI and once again I’ve been saying this exact same thing since basically this exact low right down here I’ve been seeing that 8 Hour ethereum RSI just recently entered into oversold territories and historically speaking if we’re looking at the last few times this has happened we’re most likely going to see at least some sort of pause or relief from the short-term bearish Trends but this signal by itself does not necessarily mean the end of the bearish trend and if we’re taking a look at the price of salana on the 12-hour time frame over the last one day we are continuing to hold Above This critical area on the chart in between 140 to 144 because just over the last couple of weeks or so this area has been significant resistance for the price we’ve seen multiple rejections from this exact area on the chart and previously this area has been significant support for the price of salana so this is definitely an important area to pay attention to and as I’ve mentioned recently here on the channel if we start seeing confirmed candle closes on the 12-hour time frame or larger time frames back below well below 140 then in that case we could likely retrace back down towards this significant area of support in between around 120 to 128 but for as long as the price can simply just hold this area as new support now and basically flip this previous resistance into new support then of course in that situation that would be bullish price structure if we can soon confirm a further Bounce from this area with some more green candles actually confirming and in that case our next short-term resistance to pay attention to is sitting at around 151 and above that we have a significant level of resistance at around 160 and ultimately OD start to flip much more bullish again in terms of the short-term Trend and momentum here once we actually see a confirmed breakout back above around 151 and ideally back above 160 if we break out above those levels then personally I’d flip much more bullish again in terms of the short-term Trend and momentum because at least for now we do have a very early sign of a bullish Trend reversal which is indeed a breakout above resistance but this is just one very early signal that could get very close to invalidating right now if we see a quick break back below 140 that would invalidate this breakout so to be more confident we need to see more confirmation like a breakout above 1 15 1 or 160 but either way if you want to trade these moves in the price of any crypto once again check out those links down below this video to claim those extra bonuses and if you want to actually know how to trade crypto no matter if the price is bullish bearish or chopping around sideways then make sure to watch these videos popping up right here on your screen the video in the top left shows you how you can profit from bullish or bearish Price action using long positions or short positions and the video in the bottom left shows you he can easily profit from choppy sideways price action but anyway that is everything that I have to say for today I really hope you enjoyed it and I’ll see you all in the next video

NEXT BITCOIN PRICE TARGET REVEALED (Get Ready)!! Bitcoin News Today & Ethereum Price Prediction!
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Timestamps:
Important Bitcoin Analysis! 0:00
Ethereum Technical Analysis! 9:48
Solana Technical Analysis! 12:08

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*DISCLAIMER*
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments. Crypto World, “Josh” and affiliates are not responsible for individual loss due to poor trading decisions or any other actions which may lead to loss of funds.

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