Scary DISASTER on Bitcoin Today!!!! [bad news] Bitcoin Price Prediction 2023 // Bitcoin News Today

Bitcoin Price Analysis

In this section, the speaker discusses the recent price movement of Bitcoin and provides insights into potential buying and selling positions.

Bearish Market Structure

• The speaker identifies a bearish market structure on the 4-hour timeframe.

• This suggests a higher probability of further downside movement in the price of Bitcoin.

Lower Lows Expected

• The speaker expects Bitcoin to form lower lows, potentially below $25,350 USD.

• This is due to the bearish market structure and failure to reach an important price target.

Open Interest Analysis

• The speaker notes that open interest has increased despite the recent downward movement in price.

• This suggests new money is coming into the market with traders shorting Bitcoin.

Potential Buying Position

• Despite the bearish market structure, the speaker is still interested in a potential buying position on Bitcoin.

• This is due to a corrective-looking push towards downside and potential end of downward movement.

How to Get the Bonus

In this section, the speaker explains how to get a bonus by creating an account and making an initial deposit.

Getting the Bonus

• To get the bonus, create an account using the first link in the description.

• After making an initial deposit, secure the $30,000 US dollars free training bonus available with the first thing down below in the description.

Bitcoin Potential Bottom

In this section, the speaker discusses potential bullish divergences for Bitcoin and how it could potentially bottom out.

Bullish Divergence for Bitcoin

• Look for bullish divergences to potentially be formed on RSI indicator on four-hour time frame.

• As of right now, forming still a higher low on Bitcoin price itself and also still a higher low on RSI indicator.

• If Bitcoin continues lower and potentially hits important price target below previous loss right here, be aware that RSI indicator could be forming a bullish divergence.

• If bullish divergence is formed on four-hour time frame on RSI indicator and we see a reaction towards upside, this could mean Bitcoin has bottomed out.

Paying Attention to Stock Market

In this section, the speaker emphasizes paying attention to stock market movements and introduces bearish elite count.

Stock Market Movements

• Pay close attention to stock market movements especially S&P 500 which broke previous high.

• Liquidity above 100 has been taken because of breaking previous high.

• If S&P 500 goes below weekly high from timeframe area of support and there is acceptance below it, significant bearish indication for Bitcoin.

• On daily timeframe as of right now, price action looks very corrective but still higher probability of forming some kind of a higher low and continuing towards upside.

• If all support levels are lost, be aware of bearish elite count that could be identified on weekly timeframe.

Bearish Elite Count

In this section, the speaker discusses the bearish elite count and potential lower lows for Bitcoin.

Potential Lower Lows for Bitcoin

• Be aware of bearish elite count if 0.618 Fibonacci extension is not respected and potentially go even lower towards next target which is daily what if our very important targets.

• If all support areas are broken towards downside, looking for another lower low.

• Pay attention to upcoming days especially June 13th CPI data release and fomc meeting which can cause high volatility.

• Next week is going to be a decision point for both Bitcoin price itself and stock market.