BITCOIN: This Changes EVERYTHING (important)!!! Bitcoin News Today & Ethereum Price Prediction!

BITCOIN: This Changes EVERYTHING (important)!!! Bitcoin News Today & Ethereum Price Prediction!

welcome back to the good Channel everyone my name is Josh and right now Bitcoin is playing out the Trump pump and now running into critical short-term resistance after just wiping out hundreds of millions of dollars of short positions while ethereum is also running into critical short-term resistance so I’ll be talking about all of that and more later in this 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 news today and I’m sure pretty much all of you have heard by now with the Trump situation but essentially believe it or not this could be some bullish news for Bitcoin at least in the short term and now obviously this is not a political Channel this is a crypto channel so I won’t go deep into detail about the whole Trump situation and all of that so once again if you want to check that out look it up on another channel for example because this is a crypto Channel but the reason why I bring this up at all on this channel is because in the last one to two years or so Trump has come out as more of a pro Bitcoin candidate which essentially means if Trump wins the president that could be bullish for the price of Bitcoin and with the recent situation that Trump was just in of course that boosted Trump’s numbers basically meaning that it’s extremely likely that Trump will win the election for as long as he’s still breathing and that is what the market is starting to price in just now we’re actually starting to see a bit more of a bounce back to the upside just in the imminent short term here because once again as I just said earlier having a pro Bitcoin president would of course be bullish for the price of Bitcoin considering America’s influence over the rest rest of the world and financial markets as the world’s biggest economy and so at least in the short term this is actually helping to pump the price of Bitcoin at least a little bit due to the market now pricing in a potential Trump presidency but with that being said if we’re taking a look at this 4-day time frame at least as of right now we have not confirmed any bearish Trend reversal here in the super Trend indicator on the 4-day time frame because in order to see that confirm we would need to see a 4-day candle close confirm below around 55.8k which at least for now has not happened and so technically speaking we can still remain within the larger bullish Trend also known as the bull market despite seeing these short-term pullbacks or short-term bearish Trends along the way 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 well below 50 but it is bouncing back to the upside approaching 50 so at least for now it is still relatively speaking a decent buying opportunity as always not for natural advice but just based on what we’ve seen here in the past usually these some pretty decent buying opportunities as we’ve seen over the last 1 to two years or so and so as I’ve already been saying over the last couple of weeks personally I am already accumulating Bitcoin as I’ve been saying basically every day over the last couple of weeks but once again that is just my situation that is what I’m doing right now based on this chart right here and as always it is not personal financial advice because I don’t know your personal financial situation and with that being said if we’re zooming into this daily Bitcoin chart obviously the dxy is continuing this pullback to the downside as I’ve been saying recently recently here on the channel which is a bullish signal for Bitcoin but just over the last one day we have no new information here in the dxy because over the last one day the dxy has been closed for trading but once again as I’ve already been saying recently here on the channel while the dxy is experiencing this major pullback technically speaking that is a major bullish signal for the price of Bitcoin because historically speaking when we’re seeing significant pullbacks or bearish Trends here in the dxy almost always like 90 to 95 % of the time that is bullish for the price of Bitcoin in terms of the trend and momentum here on the daily time frame and with that being said if we’re zooming into this daily Bitcoin chart of course we still have this bullish Divergence playing out as expected as I’ve been talking about basically every day over the last one week or so and so like I’ve been saying over the last one week we’re most likely going to see a bit of a bullish relief here in the short term or at the very least some choppy sideways price action basically just a bit of a relief or a break from the short-term bearish trend and so at least as of right now we’re still seeing that play out as expected and I continue to expect this to play out for at least the next one to two days or so potentially moving into the new week as I said recently here on the channel but with that being said we cannot forget about these areas of resistance on the chart where the price is most likely going to struggle at and as of right now the price is running into this area of resistance sitting in between around $60,000 to $61,000 so just keep in mind the price will likely struggle around this area and Poss possibly even see a bit of a short-term rejection from this area before potentially we could see more bullish price action and personally I’d start to flip much more bullish again in terms of the trend and momentum if we can actually confirm a breakout with a daily candle close back above around 60 to 61,000 and then actually hold that area ideally if we can flip that into new support then that would be extremely bullish for the short-term Trend and momentum and in order to be much more confident that we’re really heading back into the bullish Direction back up towards the all-time high we ideally need to see a breakout back above around 63 to 64,000 to be much more confident that we’re heading back up towards these highs so at least for now we still have some important obstacles that we need to jump over but like I said the bullish Divergence is still playing out and we still have this massive bullish signal here in the dxy and as for support we have this area of support in between around 56 to 57,000 and this area of support in between around 51,000 to 53,000 and if we zoom in into the short term looking at the 4-Hour Bitcoin chart what we have just seen over the last few hours is a breakout Above This golden pocket area of resistance sitting in between around 595,000 to $60,000 and so technically speaking that should be an area of support now in the short term but if the Bulls fail to hold above this area and we actually see a break back below 595,000 then in that case the next short-term support is sitting at around 58.7k give or take and as for other resist resistance to the upside keep in mind we’re still in this area of resistance in between 60,000 to 61,000 based on previous price action here now acting as new resistance and if you want to actually trade these moves in the price of Bitcoin or any other crypto personally I take just about all of my trades 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 which is a massive $100,000 Lucky Draw happening right now which is only happening for the next 6 days by the way and so just by trading crypto using that link down below this video you get these chances into this Lucky Draw where you could potentially win some free Bitcoin or ethereum or usdt or trip to an F1 race or up to $100,000 just by trading crypto using that link and so especially if you’re going to be trading crypto anyway you might as well check this out once again first link down 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 KC for bitflex and so I’ll also make sure to leave a link to bit flex down below this video as an alternative crypto exchange and with that being said if we’re taking a look at the Bitcoin liquidation hit map we can now see over the last one day the price wiped out pretty much all of those liquidations those positions sitting right at around 59 .8 K to $60,000 and obviously for the last 3 days or so ever since the price hit this liquidity to the downside at around 56.7k give or take the moment we hit that liquidity I’ve been saying since these lows right here that it’s extremely likely over the next couple of days sometime soon we’re going to see the price hit around 59.8k to $60,000 very soon and we have now seen that play out because usually the price of Bitcoin likes to move towards where we have a lot of liquidity especially if it’s close to the price and so with that being said now that this has played out as expected again what are the next areas of liquidity to pay attention to well first of all we actually have a lot of liquidity now built up to the downside at around 565,000 approximately but keep in mind that’s a little bit further away from the price compared to this area of liquidity because this area just above the price is sitting at around 60.4k to 60.8k so we could potentially just Spike up to take out that liquidity before potentially seeing a bit more of a pullback to take out the lower liquidity because once again usually the price likes to go for major levels of liquidity but often times the price basically prioritizes the closer liquidity whatever’s easier to get to and so i’ not be surprised if in the next one to two days or so we see the price quickly grab that liquidity closer towards around 60 a half thousand so only just above the current price and with that being said taking a quick look at ethereum on this daily time frame and right now the price of eth is setting yet another green candle up here in a row we’ve seen multiple green candles here with this Bounce from this critical area of support in between around 2.8k to 2.9k and of course we also bounc from oversold territories here in the daily ethereum RSI and if we’re zooming out on the daily time frame we can see that that was that first oversold signal here in the daily ethereum RSI that we’ve seen in around 300 days and those last few times where we saw an over s signal here in the daily ethereum RSI where we’re due to see at least some sort of break or pause from the short-term bearish Trend but most likely some sort of Bounce in the short term and so that’s exactly what we’re seeing play out right now and as I’ve been saying over the last one week or so as the most likely scenario but in order to start flipping much more bullish again in terms of the trend and momentum here in the short term we need to see some confirmed breakouts above key levels of resistance like for example this 38.2% Fibonacci level of resistance sitting at around 3250 which the price is just about running into right now and so if we can break out above that level and ideally hold above that level with some sort of Bounce from that level confirming it as new support then personally I’ll start to flip a lot more bullish again in terms of the shortterm trend and above that level at 3250 the next resistance to pay attention to in the short term is sitting at around 3390 so just below 3.4k and of course the golden pocket sitting in between around 3520 to around 3570 and if we see some sort of short-term rejection from this resistance then in that case we have this level of support based on previous support right here and previous resistance and of course the Fibonacci level of resistance sitting at around 3080 so just below 3.1k now acting as new support which was previous resistance and with that being said if we’re taking a look at the price of salana on the 12-hour time frame we have finally just seen a 12-hour candle close confirmed above 144 so technically speaking this is the first signal the first confirmation signal potentially confirming this breakout above this area of resistance and so now it’s very important for the price to simply just hold above this area as new support here because otherwise if we see candle closes back below 140 then in that case that would mean we have a failed breakout or a fake out meaning we’re likely just going to drop back into this sideways price range potentially back into this area of support sitting in between around 120 to 28 but because we have not yet invalidated that breakout to the upside at least for now we’re technically starting to look a little bit more bullish here in the imminent short term talking about the next couple of days or so and so the next resistance to the upside is starting at around 152 to 154 and we have this significant level of resistance at around 160 and overall while the price is basically below 160 but above 120 we’re essentially in a massive sideways price range chopping around sideways in terms of the trend and momentum we don’t really have a strong Trend or momentum to either direction we’re still chopping around sideways because we actually saw very similar price action to this all the way back here around 2 to 3 months ago where we basically saw a lot of large sideways price action choppy sideways price action but once again if you want to trade these moves in the price of any crypto 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 hopping around sideways like right here 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 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 and I’ll see you all in the next video

BITCOIN: This Changes EVERYTHING (important)!!! Bitcoin News Today & Ethereum Price Prediction!
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Timestamps:
Bitcoin News Today!! 0:00
Important Bitcoin Analysis! 1:42
Ethereum Technical Analysis! 8:56
Solana Technical Analysis! 10:51

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*DISCLAIMER*
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