BITCOIN EMERGENCY: NEXT PRICE TARGETS REVEALED!! Bitcoin News Today & Ethereum Price Prediction!

BITCOIN EMERGENCY: NEXT PRICE TARGETS REVEALED!! Bitcoin News Today & Ethereum Price Prediction!

welcome back to the crypto Channel
everyone my name is Josh and right now a
massive warning signal is once again
flashing on the Bitcoin chart as Bitcoin
just hit my exact bearish price Target
while the price is potentially heading
towards the next major price Target that
I’ll talk about in just a moment while
ethereum is now running into critical
support alongside salana also running
into this critical area of support so
I’ll be talking about all of that and
more later in the video so definitely
watch to the end
first of all just before getting into
the Bitcoin charts today we need to talk
about how the Bitcoin ETFs are still
currently dumping Bitcoin and so
basically this is one of the reasons as
to why we’re still seeing a pullback in
the price of Bitcoin and really the
overall crypto Market it’s simply due to
the fact that the ETFs are not really
seeing those same massive inflows that
we’ll seeing a few months ago for
example back in February entering into
early March we were seeing massive net
inflows into the spot Bitcoin ETFs we
talking about billions of dollars
flowing into the Bitcoin ETFs basically
every week and if you look at the price
of Bitcoin during that same time period
during February and March the price of
Bitcoin was skyrocketing to the upside
due to the ETFs buying a massive amount
of Bitcoin but obviously more recently
those massive inflows have basically
stopped and as of recent just over the
last 1 to two weeks or so we’re actually
starting to see a little bit more net
outflows rather than net inflows a
slight decline in what the Bitcoin ETFs
are actually holding and so once again
this is just one of a few different
reasons this is just one major reason as
to why the price of Bitcoin as of recent
has been experiencing some bearish price
action but if we’re taking a look at
this 3-day Bitcoin chart we can see that
as of right now from the all-time high
the highest point so far to the lowest
point so far in this correction the
price has pulled back roughly around 20%
from high to low and so at least as of
right now at the time of recording this
video the current pullback from high to
low is on par with previous pullbacks
that we’ve seen even during this very
bull market and if we’re looking at
previous Bitcoin bull markets for
example back in 2017 in that bull market
we saw multiple 30 to 40% pullbacks
along the way during the bull market and
so as I always say it’s important to
understand the difference between the
different time frames just because we’re
seeing short-term bearish price action
that does not necessarily mean that the
bull market is over because if that were
the case then the Market would have been
over over a year ago but one signal that
we need to pay attention to is of course
the dxy also known as the US dollar
Index here on the daily time frame also
looking at the price of Bitcoin on The
Daily time frame and what we are now
seeing just over the last one day is
actually more of a breakout in the dxy a
massive Spike to the upside once again
in the dxy and especially if this breaks
out Above This previous High that’s a
major warning signal at least in the
short term for the price of Bitcoin and
this is something that I was talking
about over and over again here on the
channel around a month ago give or take
because obviously back then the dxy was
massively spiking to the upside and so
like I said on the channel back then
that was also a major warning signal a
bearish signal for Bitcoin and crypto
because in case you’re new to all of
this all you really need to know about
the dxy is that usually when the dxy is
bullish that is often bearish or at
least neutral for the price of Bitcoin
and often the most bullish price action
for Bitcoin usually only occurs when the
dxy is bearish and so once again this is
just another reason as to why we’re
seeing another short-term dump in the
price of Bitcoin because we’re simply
seeing another short-term Spike to the
upside here in the dxy and as always
I’ll be sure to keep you up to date on
what’s Happening Here in the dxy and
many other important charts here in
these videos every day so make sure you
subscribe to this Channel with
notifications turn on so that you don’t
miss out on any of these important
update videos and now as for potential
price targets further to the downside
let’s just say if we actually confirm a
strong break below $60,000 which is
Major support here on the daily time
frame then if we’re taking another look
at the 3-day Bitcoin chart looking at
the Fibonacci retracement tour from the
low the bare Market low up to the
all-time high we can see that on the
linear settings for the Fibonacci levels
we have the 23.6% Fibonacci level of
support sitting right at around
$60,000 and so once again 60k is a very
important level for the price of Bitcoin
which basically means if we start seeing
strong candle closes for example daily
candle closes or for example a weekly
candle close below 60k then that would
signal potentially a further correction
down towards the next major Fibonacci
level which is the 38.2% Fibonacci level
of support at around 515,000 and so once
again if we actually confirm a break
below 60,000 with candle closes on
larger time frames below 60,000 or even
better if we flip that level into new
resistance for extra confirmation then
in that scenario once we actually see
those confirmation signals of a break to
the downside below 60k we should be
expecting a move potentially down
towards around 51 to 52,000 but once
again at least at the time of recording
this video we have not yet confirmed a
break below
$60,000 and so just keep that in mind
it’s still a possibility that we could
hold above 60k if we do not see those
candle closes below that level and if
we’re taking a look at this daily
Bitcoin chart we can still see the price
of Bitcoin is potentially forming this
massive bullish flag pattern but only if
we hold above that 60k level of support
and so once again that level is very
important for multiple reasons Not only
was a previous support for the price of
Bitcoin it was also a Fibonacci level
right here and still is a major
Fibonacci level at 60k and it’s also the
support line for this potential massive
bullish flag pattern but as I’ve also
said recently here on the the channel
That potential bull flag pattern will
only actually confirm and come into play
if we see a confirmed breakout Above
This resistance which is sitting at
around 715,000 and obviously as of right
now the price of Bitcoin has not
currently confirmed a breakout above
that resistance which means this
potential bullish flag pattern even
though it’s potentially forming it is
not yet confirmed or in play and if
we’re zooming into the shorter term
looking at the 4-Hour Bitcoin chart
obviously just recently over the last
half a day or so the price of Bitcoin
has now officially hit the complete
technical price target for this Rising
wedge pattern and I talked about this
Rising wedge pattern over and over again
here on the Channel all the way back
here basically stating that we have the
initial price Target to the downside for
this short-term bearish pattern at
around 625,000 which we already hit and
once again as I mentioned here on the
channel the complete price Target the
full price target for the rising wedge
was at the bottom of the wedge at around
60 to 6 1,000 which has now been hit and
so considering the fact that this
bearish pattern has now completed the
full price Target as of right now the
pattern is complete and is no longer
playing out and so obviously congrats if
you traded this pattern right here
whether you traded it to the downside
with a short position or if you simply
waited for the price to hit the complete
technical price Target to buy some
cheaper Bitcoin than you otherwise would
have either way you’ve done well if you
traded this pattern right here
considering it has now completed the
full technical price Target and and if
you want to trade these moves in the
price of Bitcoin no matter if the price
is bullish or bearish you can make money
in either scenario with long positions
or short positions and personally I take
those trades over on buybit so I’ll make
sure to leave a link to buybit in the
description down below 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
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once again first link down below this
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cannot access bybit or if you cannot kyc
on bybit there is also bitflex which is
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buybit 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 on alternative crypto exchange
and if we’re taking a look at this
4-Hour Bitcoin chart we can see the
price of Bitcoin at least at the time of
recording this video is attempting to
reclaim that 60k level here in the short
term and for the Bulls out there this is
a critical level to reclaim very soon
basically in order to avoid those much
lower prices that I talked about earlier
in the video we basically have to
quickly reclaim that 60k level and hold
above that level in order to potentially
prevent those lower prices coming into
play but considering we’ve just broken
below this area of previous support this
should now act as new resistance sitting
in between around 61 to 62,000 with more
resistance in between around 65 to
66,000 and obviously over the last one
day with the 4-Hour Bitcoin RSI creating
a new lower low that invalidated this
short-term bullish Divergence and so
this is actually one of the very rare
occurrences where a bullish Divergence
on the 4-Hour chart only played out over
around half a day because usually a
bullish Divergence on the 4-Hour time
frame plays out over a few days usually
around 2 to 4 days give or take on
average and so statistically speaking
this was actually a less likely scenario
as always nothing is impossible which is
why I talk about probabilities more
likely or less likely but as of right
now the 4-Hour Bitcoin RSI just entered
into oversold territories for the first
time since the middle of April and the
last time that that happened we saw a
bit of a short-term bounce back to the
upside before eventually a little bit
more of a correction back to the
downside because this over sold signal
by itself in the RSI does not
necessarily guarantee that we’re
definitely at the bottom for this
pullback but usually when the RSI enters
into oversold territories that means
that at least in the imminent short term
we’re kind of reaching our downwards
limits and so basically it would not be
surprising if we see a bit of a
consolidation or a slight bounce back to
the upside to basically help to reset
the RSI kind of like what we saw back
here but if we’re taking a look at the
Bitcoin liquidation heat map we can see
the price of Bitcoin just took out a
decent chunk of liquidity to the
downside which was sitting at around
595,000 and that was actually the
largest level of liquidity to the
downside until much lower prices and so
as of right now the main levels of
liquidity are still simply left to the
upside first of all we have a massive
amount of liquidity at around
67.4k and we also have another major
level of liquidity at around 715,000 and
more liquidity at around
73,000 and in case you’re new to all of
this usually the price of Bitcoin moves
towards where there’s a lot of liquidity
especially if it’s close to the price of
Bitcoin but with that being said getting
into the ethereum part of this video
this is on the daily time frame and
right now the price of eth is
potentially still forming this massive
falling wedge pattern because as of
right now the price has not yet
confirmed to break below this support or
above this resistance but we are running
into this important level of support
which is sitting at roughly around
2.9k and so it’s important at least in
the short term here for the price to
hold above 2.9k otherwise we risk
failing this falling wedge and
continuing a further pullback to much
lower levels but once again at least for
now that has not yet confirmed so 2.9k
is still the level to pay attention to
in the short term as major support and
as for resistance for this pattern right
here this line of resistance is
currently sitting at around 3.3k to 3.4k
and as usual a falling really only comes
into play with the bullish price Target
if we actually see a confirmed breakout
Above This resistance which obviously as
of right now has not yet happened and if
we’re zooming into the shorter term
looking at the 8 hour time frame right
now the price of eth is currently
running into this area of support in
between 2850 to
2950 and this is a critical area of
support that I’ve been talking about
over and over again here on the channel
basically since all the way back here
this has been a major area of support
and so basically at least in the short
term for the price of eth it is critical
for the Bulls to hold above this area so
at the very lowest price to hold above
around 2850 because once again if we
start breaking below that area of
support then we’ll have to zoom out to
larger time frames and look at much
lower levels of support but once again
at least for now we have not yet
confirmed a break below this area of
support so that is still the area to pay
attention to at least in the short term
and while the price is holding above
that area technically we can still
remain Within this choppy sideways price
range and obviously there’s been a few
times over the last couple of weeks
where the price has actually gone
straight to the downside and then
straight back to the upside and down and
up again during this price range and the
area of resistance for this price range
right here is sitting in between around
3.2k to 3250 with some new resistance
just found at around
3350 and if we’re taking a look at that
8 Hour ethereum RSI as of right now this
is getting closer towards oversold
territories it’s not there just yet yet
but it is getting closer towards
oversold territories and so what this
technically tells us at least in the
short term is the price does have a
little bit more room to the downside
before we start reaching those oversold
territories and if we’re looking at the
last couple of times where the 8h hour
ethereum RSI entered into oversold
territories both of those times occurred
right before we actually saw a bounce
back to the upside but not necessarily
the bottom of the larger pullback that
we’re seeing at the moment and with that
being said taking a quick look at the
price of salana also on the 88 hour time
frame right now salana is looking pretty
similar to ethereum on the 8 hour time
frame where basically the price is
running into a critical area of support
based on previous support in the price
and we’re also seeing the 8 Hour salana
RSI approach over so territories and
right out basically on the edge of
oversold territories and so once again
technically speaking this means that we
could go a little bit lower but very
soon if we do go a little bit lower very
soon we’re kind of approaching that
downside limit at least in the imminent
short term but once again if we’re
seeing a bit of a sideways consolidation
or a slight bounce that can help to
reset the RSI which can give us more
room to the downside later on and so the
main area of support to focus on right
now in the short term for the price of
salana is sitting in between 120 to 128
and as for resistance we have this area
sitting in between around 150 to 155
with more resistance at around 160 and
if the price actually confirms this
lower low in place in the candle closes
we’re possibly forming a larger bullish
Divergence here in the chart with lower
lows in the price in the candle closes
and potentially higher lows still
forming here in the RSI but as of right
now that potential larger bullish
Divergence is not yet confirmed and is
not yet playing out and once again if
you want to trade these moves in the
price of salana or any other crypto
check out those links down below this
video if you want to claim those extra
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price is bull bull bearish or chopping
around sideways you can profit from all
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bearish press action using long
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can easily profit from choppy sideways
Pras 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 EMERGENCY: NEXT PRICE TARGETS REVEALED!! Bitcoin News Today & Ethereum Price Prediction!
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Timestamps:
Bitcoin ETF News Today!! 0:00
Important Bitcoin Analysis! 1:41
Ethereum Technical Analysis! 11:09
Solana Technical Analysis! 13:56

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*DISCLAIMER*
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