BITCOIN: WHAT IS HAPPENING!?????

Understanding the Current State of Crypto

In this video, the speaker discusses the current state of crypto and how it is affecting Bitcoin and other altcoins. They also talk about their trade on Bitcoin and potential price targets.

The State of Crypto

• News reports suggest that crypto is being slaughtered left and right, with Robinhood delisting three crypto tokens and Coinbase being targeted by the SEC.

• The speaker talks about their successful trades on Bitcoin and Ethereum, which were made possible by entering at what they believe was the bear market bottom.

• The speaker addresses how people can take part in this opportunity if they have not yet opened a long position.

Bitcoin Price Analysis

• The speaker analyzes the weekly candles for Bitcoin, discussing the cup-and-handle pattern and its potential break of horizontal resistance.

• They mention that the EMA ribbon on the weekly chart needs to flip bullish for a potential price target of $47,000-$48,000 USD to be reached.

• The speaker notes that this scenario is very similar to what happened four years ago when Bitcoin broke out of a cup-and-handle pattern.

Trading Strategies

• For those who are holding Bitcoin, it's recommended to buy, hold, and wait. For traders looking to take advantage of this opportunity, they can use a link provided by the speaker to claim a $1,000 USD free position with a $100 deposit.