🥇 Bybit $60k Rewards + 0% maker fees for 30 days 👉 https://www.coinbureau.com/deals/trad...
🥈 Blofin $100k Bonus + 70% fee discount 👉 https://coinbureau.com/deals/trading/...
🥉 OKX $20k bonus + 40% fee discount for life 👉 https://www.coinbureau.com/deals/trad...
🛒 Get The Hottest Crypto Deals 👉 https://www.coinbureau.com/deals/
♣️ Join The Coin Bureau Club 👉 https://hub.coinbureau.com/
📺 Check out my dedicated trading channel 👉
/ @mooninpapa
🚀 Sign Up & Start Trading Today 🚀
🔗 Bybit: https://affiliates.bybit.com/v2/en/ap...
🔗 Blofin: https://partner.blofin.com/d/Mooninpapa
🔗 OKX: https://www.okx.com/join/CBMOONINPAPA
🔗 Altrady (Get 12% off with code 'thebettertraders'): https://altrady.com?a=thebettertraders
In today’s video, I break down the Bitcoin price action and explain why the recent pullback was expected as part of a bull flag breakout. If you were caught off guard by Bitcoin’s price drop, don’t worry—I’ve got you covered with all the key insights you need. I discuss why this pullback is healthy and why we should expect Bitcoin to bounce and move higher soon.
We start by looking at Bitcoin’s bull flag pattern, which has been in play since March, and I explain why we should expect a bounce off of previously broken resistance. Even though the price dipped, this kind of retrace is normal in a bull flag breakout. I also discuss how this pattern is crucial for Bitcoin’s next move to higher highs.
I also cover game theory in the markets, discussing how late longs and shorts often get trapped during these volatile movements. Many late shorts are piling in now, thinking that Bitcoin has topped out, but this could lead to a short squeeze, pushing Bitcoin to new levels. My next target for Bitcoin remains $70,319, with some resistance at $72K and $73.7K, which we’ll need to break through before targeting new highs.
Next, we dive into Fibonacci retracement levels and how they’ve helped predict Bitcoin’s future resistance. These levels, combined with recent market data, point to a move beyond $69K soon. I also emphasize the importance of RSI (Relative Strength Index) and how its behavior indicates that Bitcoin remains strong, even with this temporary pullback.
Finally, we take a look at stablecoin dominance, which has broken below key support levels—a bullish sign for the broader crypto market. As stablecoin dominance falls, more money flows back into Bitcoin, Ethereum, and other major cryptocurrencies, signaling an even stronger market ahead. I explain why stablecoin dominance dropping to 6% would be an incredibly bullish signal and why I believe we are heading toward that scenario.
If you want to understand the deeper dynamics behind Bitcoin’s current price movements, this video is a must-watch. Make sure to subscribe for more market updates and insights!
00:00 Welcome!
01:23 Bull Flag Explanation
07:26 Future Resistance Levels with Fibs
12:05 We Aren't Bullish Until This Happens
16:56 Stablecoin Dominance Update
🔥 Exclusive Resources Just for You 🔥
📈 The Ultimate Indicator for Crypto Trading
Looking for a game-changing tool to help you spot crypto pumps and reversals before they happen? I use the TBO (Trending Break Out) indicator, which has recently delivered returns like 286%, 64%, 30%, 125%, and more.
👉 Learn more and gain access: https://www.thebettertraders.com/tbo
🏆 Join The Better Traders Club
Want to trade like a pro? Get exclusive access to my Watchlists, Trade Setups, and Advanced Trading Tools that can give you an edge in the market.
Join our community and elevate your trading skills: https://www.thebettertraders.com/club
🎓 Crypto Trading Education
Ready to take your trading to the next level? Whether you’re into automated bot trading, active scalping, or swing trading, our courses cover it all.
Get started with proven strategies designed to turn you into a trading powerhouse 💪
👉 Check out our courses: https://www.thebettertraders.com
💯 Stay Connected
Stay on top of all things crypto by following me across all platforms. Click here for easy access to my Discord, Twitter, Instagram, TikTok, and more: https://linktree.com/aarondishner
I regularly share market insights, updates, and exclusive content.
🔔 Disclaimer: The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
Информация по комментариям в разработке