Bitcoin is Transitioning From Bear - Bull

On Bitcoin

Changed since their last video: months moved down to sideways; cycle moved waiting to up.

Views

• Next weeks (next 2–6 weeks): Leans up (timeframe is our reading): It's very likely Bitcoin comes up to here from this rally here. ▶ 13:09
• Next months (next 2–6 months): Sideways (timeframe is our reading): And so I think probably some kind of compression here definitely is to be expected. ▶ 14:11
• This cycle (next 6–18 months): Leans up (timeframe is our reading): I think there's enough reason to think that Bitcoin has enough institutional adoption demand here that at some point you're going to get more buyers than sellers once again. ▶ 11:43

If this, then that

• If Bitcoin closes above the 200-week moving average, then no target given (next weeks): If it closes above the 200-week, I think probably it comes up and tests this level here. ▶ 13:14
• If Bitcoin breaks above the green 200-day moving average, then no target given (this cycle): Bitcoin absolutely needs to break above this green 200-day moving average. That's the confirmation of the bull market. ▶ 13:03

Levels named

• 55–65k: Support (the longer price stays in this range, the lower the moving averages above come down): the longer Bitcoin stays in the 55K to sort of like 65K region, maybe a little bit higher ▶ 14:29
• 62.5k: Resistance (200-week moving average that Bitcoin is currently trading underneath): This 200-week right now is at 62.5K. ▶ 04:43
• 53–54k: Target (bear markets tend to hit the realized price): And that's like 54K right now, 53K and a bit. So, I'm not saying it can't go there. ▶ 11:02

Their own position: Not said.