Bitcoin Price Analysis Lecture

Key Highlights

• Imminent Emergency: Bitcoin is on the verge of starting the last phase of a parabolic bull cycle.
• Personal Investment: Speaker has a significant personal investment in Bitcoin with a $17 million trade and $7.5 million in profits.

Bitcoin Charts Analysis

• Daily Candles Observation:
  • Bitcoin is coiling up and facing resistance for multiple days.
  • Frequent testing of resistance increases likelihood of a breakthrough.
  • Critical Price Level: $64,500
    • Breaking and closing above this level on a daily candle confirms an upward move.
  • Target Price: $77,000
    • Based on a W pattern on the daily chart.

Resistance Levels

• $73,000: Previous all-time high and weekly resistance.
• Cup and Handle Pattern: Represents the last and most significant psychological resistance.

Trading Strategy

• Scaling Up Trades: Last phase announcement and trade increase upon resistance break.
• Cautions:
  • Wait for confirmation of resistance break before making moves.
  • Suitable only for experienced traders.

Additional Notes

• Community Engagement: Encourages interaction by liking and commenting.
• Bonus Offer: Promotion for a trading bonus of up to $30,000 for new deposits.
• General Advice: For inexperienced traders, buying and holding is advised.

Conclusion

• Remain patient for the confirmed breakout.
• Lean back and prepare for potential profits in the last phase of the bull cycle.

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• End Note: The speaker emphasizes caution and strategic planning in trading decisions.