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⚠️ BITCOIN WARNING ⚠️ Is This Sending Bitcoin To 25k?
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⚠️ BITCOIN WARNING ⚠️ Is This Sending Bitcoin To 25k?

Introduction

In this video, the speaker discusses the recent bullish move in Bitcoin's price and whether or not a bottom has been put in. The speaker also talks about key levels to watch for and how to determine if a bottom is confirmed.

Recent Bullish Move

  • Bitcoin has seen a significant move to the upside in the past few days.
  • The price is breaking back above a very key trend line, which some people believe confirms that the bottom is in.
  • The 200 week moving average is an important level of support for Bitcoin, and if we can confirm a daily candle above it, it becomes more probable that the bottom is in.

Hidden Divergence

  • To confirm that a bottom has been put in, we need to look for two things: hidden divergence and regular divergence.
  • Hidden divergence occurs when the price is making a macro higher low but momentum waves are making a lower low. This shows that we are about to get another higher high in the middle of a macro uptrend.
  • On the three-day timeframe, there is currently hidden divergence from March's low to our current low.

Regular Divergence

  • Regular bullish divergence occurs when the price makes a lower low but Market Cipher beat makes a higher low.
  • From April 17th's low to the bounce from the 200 week moving average, momentum waves have been getting higher over time.

Key Levels

  • Two key levels to watch for are weekly resistance at 27,500 and CME Futures Gap on downside.

Analysis of Bitcoin's Market Structure

In this section, the speaker analyzes Bitcoin's market structure and identifies key levels to watch for potential bullish or bearish confirmation.

Key Levels to Watch

  • The area between the 618 and 786 Fibonacci retracement levels (26.2 to 26.5 zone) is a critical area to watch for potential bullish confirmation.
  • If Bitcoin fails to come above the 27,600 level and does not show any bullish divergences in the lower time frames on Market Cipher B, it may potentially drop down to the 25,000 level.
  • The CME Gap lines up perfectly with the Fibonacci golden pocket retracement zone, indicating that there is a lot of liquidity to be grabbed on the downside.

Trading Opportunities

  • To take advantage of these markets and trade volatility while Bitcoin is ranging, check out Mexc exchange for its great liquidity and low fees.
  • Joining Casper Crew Community provides access to daily live streams walking through live price action looking for trade setups and giving trade setups like an epic short trade that is currently still holding.

Final Thoughts

  • The speaker prays that everyone watching is blessed regardless of their religious beliefs.
Video description

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