BlackRock BUYING BITCOIN NOW (Here’s Why)!!! Bitcoin News Today & Ethereum Price Prediction!

BlackRock BUYING BITCOIN NOW (Here’s Why)!!! Bitcoin News Today & Ethereum Price Prediction!

welcome back to the crypto ball Channel if your on my name is Josh and right now Bitcoin is coiling up ready for a massive move as the price just confirms this new bullish Divergence while the German government is still dumping Bitcoin on the market but Black Rock is now buying a lot of that new Bitcoin while ethereum is still running into this critical area of resistance so I’ll be talking about all of that and so much more later in the video so definitely watch to the end first of all just before taking a look at the Bitcoin charts today we need to talk about the bitcoin news today because the German government is still selling more of their Bitcoin Holdings as of right now just in the last few hours the German government has moved another approximately 6,300 Bitcoin over to exchanges worth around 360 million us and so of course they’re most likely going to dump a lot of that Bitcoin on the market because that’s really the main reason why you would send Bitcoin to an exchange but what’s very interesting is since yesterday they actually received back roughly around 5,3 00 Bitcoin from exchanges and so out of that 6,300 Bitcoin that they’ve just sent to exchanges in the last few hours they may not even dump all of that considering they did actually receive back a lot of that Bitcoin that they sent just the other day but either way they are indeed reducing their Bitcoin Holdings compared to a few days ago as of right now they’re holding a lot less Bitcoin compared to around a week ago for example but if you want to know more about this then check out my last video here on the channel because I talked a little bit more into detail and shared my opinion on this situation in my last video so this is just a quick update once again in the last few hours they sent another around 6,300 Bitcoin to exchanges but with that being said what’s very interesting is if we’re taking a look at the Bitcoin ETF flows just yesterday on Monday the 8th of July we saw a decent sized net inflow of nearly $300 million and a lot of that net inflow was basically due to the Black Rock ETF and also partly due to the Fidelity ETF and some other smaller inflows into other ETFs but with that being said out of that nearly $300 million net inflow for yesterday almost $200 million around $187 million flowed into the Black Rock Spot Bitcoin ETF and in case you’re new to all of this how this actually works is these influence right here are essentially investors buying the ETF shares so for example buying ibit which is the Black Rock Spot Bitcoin ETF shares and then essentially those Us dolls go to Black Rock so that black rock can use those US dollars to to buy Bitcoin by spots Bitcoin in order to back the ETF which is what gives the ETF shares value and so basically just yesterday we saw around $187 Million by the Black Rock Spot Bitcoin ETF shares which means Black Rock bought around $187 Million worth of bitcoin to back those shares and so while we’re seeing the German government selling a lot of their Bitcoin Holdings we are now seeing Black Rock and Fidelity grow their Bitcoin Holdings once again to back their spot Bitcoin ETF shares and so of course these inflows into the spot Bitcoin ETFs are helping to counteract the selling pressure due to the German government so at the moment they are basically canceling each other out so overall things are looking relatively neutral when we’re looking at both the ETF inflows and those German government outflows effectively and if we’re taking a look at the Bitcoin charts today here on the 4-day time frame not much has really changed over the last one day so if you’re new to this Channel and you want to know more about this chart right here then check out my last one two videos here on the channel and the same can be said about this chart right here because this 3-day Bitcoin chart has not really changed all that much over the last one day so once again check out my last one to two videos if you want to know more about this chart right here and with that being said taking a look at this daily Bitcoin chart and over the last one day we’ve seen a very slight bounce but mostly neutral price action here in the dxy so for the price of Bitcoin this is relatively neutral we don’t really have any new major signals here in the dxy just over the last 1 to 2 days but if we end up seeing a continuation of that previous pullback right here with a further drop to the downside in the dxy then technically speaking that should be more of a bullish signal for Bitcoin in terms of the trend and momentum in the somewhat shorter term because generally speaking when the dxy is trending in the bearish direction more often than not that is bullish for the price of Bitcoin in terms of the shorter term Trend and momentum and vice versa when the dxy is trending in the bullish Direction More of often than not most the time that is usually bearish for Bitcoin in terms of the trend and momentum and so of course I’ll be keeping an eye on this dxy over the coming days over the coming weeks and I’ll keep you up to date here on the channel so make sure you stay subscribed to this Channel with notifications turn on so that you don’t miss out on any of these important update videos which I share on this channel completely for free and with that being said taking a look at this daily Bitcoin chart and over the last one day we’ve now confirmed this new bullish Divergence with a new lower low and a new green candle close here in the price action and in case you’re new to this when I’m talking about a lower low I’m talking about the candle closes considering the RSI by default goes off candle closes and due to this small bounce that we’ve seen over the last one day just that green candle right here once again that further confirmed this higher low in place here in the daily Bitcoin RSI confirming the bullish Divergence and as usual a bullish Divergence most commonly plays out in the form of either choppy sideways press action or sometimes a slight bullish relief as the most likely outcome just in the short term here but a bullish Divergence by itself is not necessarily enough to confirm a larger bullish Trend reversal and so basically what I expect for the remainder of this week is most likely just some choppy sideways price action potentially a very slight bullish relief here so basically just a bit of a break from that short-term bearish Trend just for the remainder of this week but of course a bearish trend can contain some choppy sideways price action and slight bullish reliefs during the bear bearish Trend before potentially seeing a continuation of that bearish Trend later on kind of like what we saw just back here and so that is why we need to keep an eye on important support and resistance areas on the chart and as of right now just over the last one day we’ve actually just reclaimed this area of support which is still sitting in between around 565,000 to 57 half th000 but really we should be looking at around 56k as a critical level of support so right around 56 to 57k is a critical area of support and below that area we also have this area of support in between around 51k to 53k and as for resistance if we see a further bullish relief here in the short term we should expect a lot of resistance in between around $660,000 to 61,000 more resistance in between 63 to 64k in between 67 to 68k and in between 72 to 74k and once again the trend in the short term is still bearish we have not confirmed a bullish trend reversal but just for the remainder of this week I do expect a bit of a short-term break or relief from that bearish Trend just in the short term here and zooming into the short term taking a look at the 4-Hour Bitcoin chart what we are now potentially seeing is that double bottom pattern a w pattern which is a bullish pattern but only if we can confirm a breakout Above This neckline which is sitting at around 58.4k and so at least as of right now we have not confirmed a breakout above that level but if we do end up confirming a Breakout above 58.4k then in that case that would set up a bullish price target for the double bottom pattern or W pattern sitting at around $62,000 approximately but once again I want to make it clear that as of right now that price Target is not in play it is not active because we have not yet seen a breakout above 58.4k and even if we confirm a breakout above 58.4k we still have other resistance between the breakout and the price Target that we need to pay attention to but if we end up seeing some sort of short-term rejection from that resistance again then rather than forming a w pattern we could potentially form more of an ascending triangle pattern which is potentially in the early stages of forming right now with horizontal resistance at 58.4k once again and an ascending line of support but in order to start considering that as a new pattern that’s forming right here on the 4-Hour time frame at least we ideally need to form another higher low in place basically a third touch point along an ascending line of support and technically speaking if we do end up forming more of an ascending triangle pattern with higher lows like that and that same horizontal line of resistance typically speaking an ascending triangle pattern is actually a bullish pattern more often than not it breaks out to the upside compared to the downside it’s not impossible to break to the downside but usually it breaks out to the upside and so that also coincides with the likely scenario due to this bullish Divergence that we’re most likely going to see a bit of a break or relief just potentially for the remainder of this week from that short-term bearish Trends but this alone is not enough to confirm a trend reversal for that we need to see other reversal signals like for example breakouts above key resistance or a further bearish reversal here in the dxy and if you want to trade any of these moves in the price of Bitcoin or any other crypto personally I take just about all of my crypto trades over on bybit so I’ll make sure to leave a link to bybit 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 buit 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 which is a massive Lucky Draw happening right now which by the way ends in less than a week and so just by trading crypto using the link down below this video it’ll take you to this page right here where you can get these chances into this Lucky Draw where you could potentially win some free Bitcoin or ethereum or USD or a trip to an F1 race or up to $100,000 just by trading crypto using the link down below this video and so if you’re going to be trading crypto anyway you might as well check this out once again first link 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 kic 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 with that being said taking a quick look at the Bitcoin liquidation hit map and over the last one day the price has moved closer towards that major area of liquidity which is sitting at around 58.2k to around 585,000 and as of right now that liquidity is still sitting there and typically the price of Bitcoin likes to grab a lot of liquidity especially if it’s close to the price so it is actually quite likely that sometime soon the price could hit around 585,000 somewhere around there on the chart in order to take out a lot of that liquidity in between 58k and 585,000 and once again a lot of that liquidity right there is also sitting right where that resistance level right here is sitting at based on this 50% retracement level from this high to this low and with that being said taking a look at ethereum on The Daily time frame and right now the price of eth is continuing the Bounce from this critical area of resistance again which is sitting in between around 2.8k to 2.9k and so at least as of right now there’s still a lot of demand there’s still a lot of buyers in that price range right there looking to buy ethereum and of course as I said over the last few days we were due to see a bit of a break from the short-term bearish Trend anyway due to this oversold signal in the daily ethereum RSI which if we’re zooming out on the daily time frame that is the first time we saw the oversold signal actually flash on The Daily time frame for the price of eth in around 300 days and the last few times we saw this happen in the daily ethereum RSI those signals occurred right around some sort of local low in the price just before we saw either a b in the shortterm OR at least some choppy sideways price action so basically just a bit of a break or relief from the short-term bearish Trends but this signal by itself is not necessarily enough to confirm the end of the bearish trend and so like I’ve been saying just in the coming days most likely for the remainder of this week we’re going to see a bit of a break or relief from that short-term bearish Trend but this signal once again is not enough to confirm the end of the bearish trend so it is still a possibility that we could play out a bit of a relief and then perhaps sometimes next week for example we could end up seeing the continuation of that short-term bearish Trend later on that is still a possibility that we need to consider and if we’re zooming into the 12-hour time frame as of right now the price is once again running into this 23.6% Fibonacci level of resistance which is sitting at around 3080 so just below 3.1k and similar to Bitcoin in the short term we also have a possible double bottom pattern here A W pattern but once again this only confirms with a bullish price Target if we can confirm a breakout above around 3080 and if we’re measuring out that technical price Target from the candle closes if we confirm a breakout above 3080 once again that will give us a price Target at around 3250 so basically at the next Fibonacci level of resistance at 3250 but measuring from the candle weeks so basically the actual lows that will give us a larger price Target if we’re taking a look at that price Target that is sitting at around 3370 so just below 3.4k which is the this 50% retracement level acting as resistance and so essentially the first price Target if we first confirm a breakout above 3080 the first price Target would be at around 3250 and the second price Target would be around 3380 so close to 3.4k and above that level we also have the golden pocket acting as significant resistance in between around 3520 to 3570 approximately but once again at least for now if we’re looking at the price structure in the short term we’re technically still within a bearish trend because we have not yet broken the lower high lower low price structure which is technically what a bearish trend is and with that being said taking a quick look at the price of salana on the 12-hour time frame and right now we are once again still struggling around this critical area of resistance in the short term sitting in between around 140 to 144 and so that is still the area of resistance to pay attention to as of right now and in case we see another massive rejection from that area we still have a critical amount of support a massive amount of support in between around 120 to 128 and as I’ve been saying over the last few days we’re most likely going to just see a lot of choppy sideways price action here so volatile bearish and bullish movements within a large sideways price range and obviously so far we’re seeing pretty much exactly that play out as expected so we’re seeing very similar price action right now compared to what we saw back here which is what I compared this price action to just a few days ago but if we ultimately confirm a breakout back above around 140 and flip that level into new support again similar to what we saw back here then in that case the next important resistance to pay attention to is sitting at around 153 to 154 and above that we have a critical level of resistance at around 160 as we also saw back here but like I said recently on the channel once again in terms of the trend and momentum here in the shorter term we don’t really have a strong Trend or momentum to either direction because the price is basically just trading sideways but with a lot of volatility in between just chopping around sideways within a large sideways price range but if you want to trade any of these moves once again check out those links down below this video to get 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 like right now 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 how he can easily profit from choppy sideways press action but anyway that is everything that I have to say for today I really hope you enjoyed and I’ll see you all in the next video

BlackRock BUYING BITCOIN NOW (Here’s Why)!!! Bitcoin News Today & Ethereum Price Prediction!
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Timestamps:
Bitcoin News Today!! 0:00
Important Bitcoin Analysis! 3:19
Ethereum Technical Analysis! 11:09
Solana Technical Analysis! 14:09

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