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On Bitcoin

Guest Sam Price · not counted as Altcoin Daily's view.

Views

• Next months (next 2–6 months): Leans up (timeframe is our reading): I am technically bullish right now with some some caveats ▶ 19:15
• This cycle (next 6–18 months): Expects up: So, I firmly believe 60k was the low, but I can see some weakness in that argument if we don't get a monthly close uh in May. ▶ 18:25

If this, then that

• If the monthly candle turns red and forms a right shoulder, then 38k (next months): Like what if we right should this turns red on the monthly. We turn with a right shoulder and we pull back somewhere here to 38. ▶ 17:56
• If a monthly close below 72K would make him a real bear, then no target given (next months): you got to close the monthly candle below 72K for me to be a real bear. ▶ 19:04

Levels named

• 72k: Their view is wrong past this (a monthly close below it is needed for him to turn bearish): you got to close the monthly candle below 72K for me to be a real bear. ▶ 19:04
• 60k: Support, expected to hold (stochastic RSI and fear and greed index signals pointed to a bottom): So, I firmly believe 60k was the low, but I can see some weakness in that argument if we don't get a monthly close uh in May. ▶ 18:25
• 58k: Support (hard to break monthly resistance so fast): are we really going to break right through this support at 58,000? ▶ 18:50
• 38k: Support (his low of the cycle if price takes a pounding): pounding, I I see 38 could hold us. That's a level that it keeps coming up in my head. ▶ 18:09

Their own position: Holding; would buy at 60k. I did buy a substantial amount of Bitcoin at 60K. So, if it is the bottom, I'm covered.