Bitcoin Predictions

[15:48] if you want to look at a uh barometer for liquidity, keep watching Bitcoin. Bitcoin peaked in October of uh last year. Bitcoin is trying to rally, but it looks like it may have stalled out. So, watch Bit- Bitcoin will lead the any equity correction.

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[27:57] metals look very much like cryptos last year. Now if you mentioned something the crypto bearish the crypto people last year they looked at me like three heads and since you know Bitcoin's dropped what almost 50% from the peak um not just one now that's just how things work

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[11:01] I know my personal opinion on Bitcoin is that it's going to go to zero.

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[18:25] I do feel that there's two things that are happening that are helping Bitcoin being a at least a few months slash small bull run right now.

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[23:12] I'd buy Bitcoin uh or Bitcoin related stocks here. I know it's just recently come from a low and popped back up... to me that looks fairly bullish as it breaks out of consolidation.

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[6:22] I expect we'll be a net buyer of uh Bitcoin in every month and every quarter going on forever.

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[1:17] We expect Bitcoin to appreciate about 30% a year. it's been appreciating almost 40% a year.

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[3:29] I have no change in uh the u progress to a million dollar Bitcoin.

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[15:47] I don't think right now the only thing that's changed since February is I don't think we're going to probably go below 40. I think that the buying of STRC um is really provide and the ETFs has really been providing a little bit of a of a cushion to mean that we don't drop quite as low.

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[16:27] I think we'll still get down a bit below 60, but it wouldn't surprise me if it, you know, goes down to like somewhere between say 48 and 55, maybe even 57. As long as it goes below that sort of like 60k mark in February and touches the 200E moving average, then I feel like the cycle is still intact.

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[35:15] I do honestly think we're probably headed back to about 50,000. That's my next target. 50,000 on Bitcoin.

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[0:11] Bitcoin, as I we showed earlier here, it's stairstepping its way down. It has a bearish chart pattern.

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[26:45] And it is pointing to about, you know, 50 to $52,000 per Bitcoin on the next leg down.

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[18:28] The next downside target for Bitcoin based on this is 51,000 and we've been talking about that for quite a while.

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[19:10] So, I think maybe you want to take a shot there and reload on some of the crypto given you know, again, I thought it was interesting Iran actually talked about when they were talking about getting their $2 million payments about getting it paid in crypto.

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[21:18] I still think at least this year the next key supports around 50,000. I put 75 as the first prudent resistance and I think the whole low price curve is not going to be complete until it gets to around 10,000.

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[34:56] my personal view. I don't think that it's going straight to a million from here. Um that's just my view.

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[30:58] I think the Bitcoin will work. By the way, I think it'll go to a quarter million just just to put that out there. I think that's one thing you can think about. And if you had 2% Bitcoin and went to a quarter million, you you'd have 8% of your wealth in Bitcoin.

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[4:26] And uh I think it's going to go down between 40 and 55.

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[3:49] that I believe is still coming in roughly October, one year after the bubble popped

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[11:35] And I expect that that's going to happen despite diminishing returns um for at least the next 20 years because we only have 4% of the world that has exposure to Bitcoin.

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[12:04] I am bullish now on Bitcoin as we've gotten some signals here. I'm looking for a move up to potentially 80,000 maybe 85,000

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[4:45] I'm in the camp that the current one will probably end up being around a 70% drop, maybe plus or minus 4 to 5%.

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[29:32] it usually always ends with a total um uh panic sell off at the end of a crypto winter. We haven't seen that yet.

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[12:04] You just buy Bitcoin, you wait five years, and you look back five years later and all of this stuff is noise.

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[25:42] we may be getting few more months of sideways or downward action

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[24:25] So what I think is going to happen is that you know we're going to have Bitcoin down to around $40,000 within due course.

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[20:24] we still might see another couple green bars for Bitcoin, uh, because I think it's going to follow the stock market, but I do feel like things are going to fizzle out and we're probably going to see it head lower.

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[23:02] I think Bitcoin is going to go to 200 to at least 200 to 250,000.

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[10:53] I'm unbelievably bullish on Bitcoin here... you look at a scenario where we could be seeing a big relief rally all the way up to 80 to 85,000.

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[12:15] I actually still think Bitcoin is going to eventually go lower... probably sub 50,000 down the line.

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[32:14] I think it's probably closer to 50,000. So, I will be looking to take profit on my short Bitcoin position probably around 55.

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[0:16] Bitcoin's going to go into a Bitcoin winter for I can't tell you how long, but nonetheless, here we are. It's finally done it. We're finally doing it.

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[23:16] I think it's incredibly unlikely that Bitcoin will outperform.

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[36:24] I think it's probably, you know, if you if you check in two years from now, it's probably higher than it is now.

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[27:36] I think people are going to start throwing in the towel on Bitcoin this year. I think you're going to see an onslaught of selling coming out of the ETFs.

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[34:57] It probably bring us down into 65 $60,000 per Bitcoin based on this bare flag.

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[1:04] I don't actually think it will go to 10,000, but I think it could go under 40 next year, and that'll be bad enough for a lot of people.

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[14:03] Bitcoin ought to be at a minimum down to 30,000 by the end of 2026. And I'm projecting as low as 15,600, its 2022 low.

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[0:01] I think Bitcoin the first stop is around 50,000. It would drop a zero. The first stop was around 50,000. I think it's going to 10,000.

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[6:08] I think it's possible that that the Bitcoin bull market has ended. Um, whether or not it will go down to 10,000, 5,000, or 90,000 or 85,000, we really don't know. But the evidence is I may, you know, me my my my my distant relatives have been calling me about Bitcoin over the last few months whether they should buy it or whether they should buy any more. They already had some. So a relative might put $1,000 in Bitcoin. It's now it's worth $2,000 and she's all nervous. Should she get out of it or not? She should she buy more. So I think the public has been too involved in Bitcoin. Bitcoin is very sophisticated asset class. The fact that uh you know the the grandmothers all over the country and all over the world have been buying Bitcoin suggests that that it has the type of speculative fever that you see at market bubbles and whether or not this popped this looks like it's quite possible that it popped and it quite possibly won't see the highs for quite a while.

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[21:20] I think you could get a bounce up to 95,000, which is, you know, $7,000 move from here. So, you're looking at 6 7 8% potential gain.

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[35:24] I think it'll probably take time to to consolidate it at best um and before it it you know crypto does well again. I think they've kind of had their run for now.

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[21:36] But the level you're looking for Bitcoin, and this is where I will add quite a bit of my exposure here, is what we're going to do is we're going to look at, let me see here, right in here. There's a big area of support around 70 to 3 to 75,000 right here.

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[37:36] the biggest mistake anybody could have at this point in time is owning Bitcoin.

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[3:14] you should be happy that gold's going up because it means Bitcoin's about to go up next. That's the pattern.

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[0:19] I think Bitcoin's at risk of losing a zero, dropping 90%, the whole rest of the space dropping 95, mostly maybe 99%.

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[30:14] And we're seeing it at a topping phase of the cycle right now. And again down here we see this is a proprietary uh momentum indicator. It's called the cyclic RSI. And we can see that we have a series of descending uh tops in momentum while we have an ascending series of prices. So this is a classic momentum divergence situation and um and the cycle is uh just past its peak. So on a weekly basis, uh, I'd say that's of concern.

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[4:26] I would not expect new all-time highs. I mean, at least for the rest of September.

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[19:50] I still have a 136,000 upside target for Bitcoin

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[36:45] 90. I think 90. And I think that's solely on that I love Bitcoin longer term and do think it's going to 150. But I do think also it if we get in a heavy selloff in the markets, which looks like we're close to, then I would be looking for a risk off in Bitcoin near-term and a pull back into the '9s, maybe even that 87 80 88 level we were just talking about on the chart.

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[30:56] I like Bitcoin right now and I'm not a Bitcoiner by any sense like I say I barely know what Bitcoin is but uh as an asset um I think Bitcoin's a good player on the long side.

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[38:45] I think the stock market is going to try to push a little bit higher and I think Bitcoin is going to go higher with it and um, yeah, you still want to be long Bitcoin.

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[28:15] Bitcoin

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[0:53] Our prediction is that Bitcoin is going to eclipse get over $200,000 by the end of the year.

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[0:07] I think you're going to see 10 maybe more governments around the world make their first allocation to Bitcoin this year.

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[21:27] 135 is the next upside move

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[23:21] when we look at the the monthly chart of Bitcoin, it is pointing to $135 an ounce to the upside.

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[31:21] So g back down to 10,000 is still I think the major risk potential for Bitcoin if it can stay above these levels for just a couple more weeks. I might have to kill that view.

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[35:25] I think it's going through a major topping formation and it's not a place where I suggest to any of my clients to have any real assets in.

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[30:03] I do I do believe my next kind of downside target is about 72,000

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[22:02] This here, this 70 to 74,000 range, which was the previous highs. This is the major technical support I expect to be tagged on Bitcoin probably over the next couple weeks, if not sooner.

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[29:25] I was just talking with um some uh traders earlier. Uh the next level is about 72,000. And um you know that's a pretty good haircut from where we are. And if Bitcoin is it falls down to this level about 15% it probably means the stock market the NASDAQ is selling down as well.

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[28:25] I think 75,000 is the next downside Target just based on this this little move

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