Bitcoin’s Make Or Break Moment? What You Must Know

On Bitcoin

Guest Gareth · not counted as The Wolf Of All Streets' view.

Views

• Next weeks (next 2–6 weeks): Leans up (timeframe is our reading): I'm I'm near-term bullish on Bitcoin, the price action, the pattern formation. ▶ 18:34
• Next months (next 2–6 months): Leans down (timeframe is our reading): I still think it could go to 40, 50,000 easily. ▶ 18:14

If this, then that

• If Bitcoin breaks above 74k to the upside, then 80–85k (next weeks): I'm going to look, does it break 74 to the upside? Okay, now we can run to probably 80 to 85 before my next resistance is. ▶ 16:38

Levels named

• 80–85k: Resistance (former bounce levels create resistance): If it does, it could make sense that at least trades up to 80 to 85. There's this former all these bounce levels right here. That's going to create resistance. ▶ 17:21
• 74k: Resistance (bulls need to get above 74k and hold it): you really got to get above that 74 level and hold it, right? You got to hold the line. The bulls have to hold the line. ▶ 17:14
• 40–50k: Target (if stock markets drop 20-25% Bitcoin is unlikely to hold up): I still think it could go to 40, 50,000 easily. ▶ 18:14

Their own position: Holding. I'll still hold some. You know, I still hold a little for the longer term, but I also trade around my position