Hey guys, welcome back. Now with Bitcoin breaking through the huge milestone of $100,000, the mega bull market of 2025 can officially begin. With monster green candles popping off all over the place, Gary Gensler finally being fired, retail investors are starting to come back, and things are about to go crazy. In this video, as always, we'll be covering the latest price action to see what is going on and the key price levels to watch.
Then where are we in the four-year cycle and a warning about a monster correction which could be coming our way very soon. And then we'll finish with the biggest developments from all around the world in just the past couple of weeks. Okay, so first up with Bitcoin smashing through a hundred thousand dollars and God Candles blowing up everywhere. Let's check in and see what is going on.
Okay, jumping in with the latest price action and what do we see? Well, most recently I've been talking about these big green god candles that have been blowing up all over the place, which is amazing to see. However, the first thing to talk about is what happened literally last night in Asia.
So we do need to flip back to the daily and check out this candle here. Where Bitcoin had gone up just getting over 103, then what the hell happened as all of a sudden it shot down to 92,000. So what happened? Well, essentially, when Bitcoin broke. 100,000 and it stayed there for a while.
This is when loads of people were going max long and thinking that this is the next big breakout. And the crypto market loves leverage. There's a lot of people in this market wanting to make money even faster. So loads of people taking out leverage, thinking that it's going to be breaking higher. Then once it broke back.
below $100,000. This triggered a chain reaction and many of the people over leverage got flushed out giving a chain reaction sending the price all the way back down to $92,000. And then it quickly got bought back up and if you're watching today you may not have even known that this had happened.
It happened that quickly. So this is something that's just going to keep happening where leverage gets flushed. out of the system.
Now when it comes to key price levels I think there's good resistance around this block here which is around the $90,000 mark so as long as Bitcoin can stay above and hold this line then the trend is still to the upside. However if it does break below $90,000 then there could be some steep falls back down. So the key level is around $90,000 and at the time of this recording we are hovering around $98,000. The jobs report is coming out soon, maybe that is going to show which way it's going to break for the short term, but as of right now Bitcoin and crypto still does have bullish momentum.
Now jumping into seasonality and there's only really one thing that I'm looking at on this and this has to do with what's going on right now compared to what happened in this point of the last halving year being 2020. So I'm only really looking at this month here and at this point in the four-year cycle, four years ago we had a strong November which was the same but then Bitcoin also went up even more in December. So what is going on? We've got a 47% increase here yet as of right now only a 1.5% increase and it's already the 6th of December. So we're going to jump into the charts because just looking at this can be a little misleading because you think As it stands we are way off track. However let me show you why this is misleading.
So here we are back on the Bitcoin chart and we've gone all the way back to this December 2020 to see what is going on. And the amazing thing is the same thing happened four years ago. So if we check out the 1st of December which is this candle here then what do we see?
At the beginning of December look what happened to Bitcoin over the first five days it's trending down we get to the sixth and it just goes further down down down down and actually it bottomed out in December on the 11th so that is from the start a nice 10% drop is what happened last time and then if we see what happened going from this bottom here on the 11th and taking it through to the end of the month, which was this candle here, in just three weeks, it then went on to do a 70% jump. So actually, if history repeats, things could be fading down all the way to the 11th, and December could still be a really strong month. So that's the interesting thing to note about...
about what happened this time in the last halving year. And flipping over to Ethereum, what do we see? Well, Ethereum again should have a strong month. However, November was stronger than December, 60% than 20. But this time 47% and already showing more strength to Bitcoin.
In fact, one of the most recent things I've been talking about is this Ethereum rotation. And we can see it may have. already started in November where Bitcoin did 37 and then 1, Ethereum has done 47 and then it's almost 5%.
So, so far it's showing that the rotation into Ethereum has already started. And then if history repeats, January is going to be a massive month, which should also give a green light to the altcoin market. And where altcoins should be going bananas.
Now jumping in and seeing where are we in the four-year cycle. Well as talked about before they all crashed roughly about the same time. They've all had different ways of getting to the halving and getting to where we are now including a global pandemic and then interestingly they're all pretty much exactly where they should be right now. So that is something pretty cool. and it's got to make you love the crypto market.
However the one thing to talk about this time is what is going on here. So something very spooky, talk about history repeating, but at this pretty much exact time in both of the previous cycles there was a big 30% correction to Bitcoin and the problem is is that if Bitcoin were to drop 30% which is a very healthy correction then altcoins can definitely drop up to 50%. So this would be a big correction for Bitcoin but it could be a bit of a bloodbath for the altcoins.
Now this isn't straightforward as to what is going on because you may think well this is just a January crash as this is the big crash that happened in January. However I'm probably going to do a dedicated video on this next week as it's not so straightforward. There's a few things to discuss as in this cycle this was actually March.
So this was January, this was March. And if history repeats then this time around it actually lines up to next week. So it would be mid-December.
Although this one was a January crash as well. So this would suggest that there is likely another big correction coming beginning of January. So with this being potentially a big major event coming our way, I'll do a dedicated video on it to flush it out. However, this chart from Into the Cryptoverse shows the same thing, but maybe a little cleaner.
We can see definitely... around this time, and I'm going to call it a 240-day crash, as it's around this 240 days where historically there's been a big crash in crypto. And as this is something that we're just about to come into, let's do a good discussion on it next week.
However, for now, just bear in mind there could be a big storm coming, and for most people the TLDR is that you probably should just do nothing. As if you just wait it out, price will go back to its peak. Same thing here, price will go back to its peak.
For most people, you just have to wait it out. Or if you have some dry powder, then buying after it's dropped 20-30% is arguably an even better thing to do. But we'll fully discuss this next week.
And then to finish the biggest developments and we have to mention Bitcoin smashing through the huge milestone of a hundred thousand dollars. And there were so many people saying that Bitcoin will never reach this level and there's a lot of people saying Bitcoin will never reach a million. However don't underestimate this guy. And then the good thing about hitting such a big milestone is that it It gets covered pretty much everywhere. All the major legacy news is going to be shouting about Bitcoin.
So it's going to get loads of exposure right now. We've got Sky News, Forbes, Fortune, CNBC. So tons of publicity for the crypto market going on right now. We have more and more companies deciding to put Bitcoin on the balance sheet as a treasury reserve.
asset. This time Rumble but there's a chain reaction and many many more companies are following suit. We found out that Gary Gensler is going to be fired, stepping down, and it's Paul Atkins that's going to be his replacement.
And the good news is that Paul Atkins is crypto friendly which is good. In the UK the FCA which is the SEC equivalent. has said that they will be bringing out crypto regulations by 2020. So well done UK but you're going to completely miss the massive boom of 2025 and then when everything's coming back down and collapsing finally the UK will bring out its regulations.
Honestly I don't understand why it takes so long. Putin has come out and said that digital currencies are going to be classed as property. exempting crypto mining and sales from VAT. So this is great news. And Russia becoming crypto friendly as well.
We had Richard Branson's Virgin Voyages saying they're going to accept Bitcoin as a form of payment for their cruise products. So this is a little confusing as Bitcoin is not really a currency. As Jerome Powell said, Just this week, Bitcoin is more of a competitor to gold. It's a hard money, a digital store of value.
That is how I personally see it. It's not really a currency. I think because Bitcoin is getting so much publicity right now, and Richard Branson of Virgin is the publicity king, he's just piggybacking off all the media coverage to promote his brand. That's it. is my theory.
And then finally, if you didn't know, there is a whole slurry of ETF filings that have gone in hoping to be approved for next year. And what do we see? We see ones that mix Bitcoin and Ethereum.
We have some more index funds where there's a basket of cryptos, a nice slurry of Solana ETFs, another Bitcoin Ethereum. We've got three 4XRP ETFs, a random Litecoin and HBAR and another Solana. So I don't think these are going to get very far right now with Gary Gensler still being in charge. But I think they're trying to be tactical because the first deadline actually comes up at the end of January. So this is when the new SEC chairman will be in.
So they're hoping. that this won't get looked at until the first deadline. However Gary Gensler being Gary Gensler could theoretically jump in early and just decline all these.
So we'll see what's going on. However there's a big backlog, clearly lots of demand for other ETFs and things are looking good for Solana and XRP certainly with a little shout out to Litecoin and HBAR. With Bitcoin smashing through $100,000, the mega bull market of 2025 can officially begin.
If history repeats, then it's actually Q1 where things are going to go cray-cray as people flood back into the altcoins. The four-year cycle shows that Bitcoin is exactly where it should be at this point in the cycle. And there could be a very nasty correction coming our way very soon. And the developments from all around the world just keep coming in from bye-bye Gary Gensler to new global regulations to a whole slurry of new ETFs that are going to be launching next year.
So there you are, guys. Hope you enjoyed. So at last, we're coming to the final part of the bull market cycle.
which is four years in the making. So if everybody's still here and has been able to ride it all through, then congratulations. If you do have any questions or comments, then post them below. However, just remember to get rid of 100% of the comment spam and trading bots that plague YouTube comments. We are trying out the new Super Thanks commenting system.
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And I'll see you in the next video. Bye for now.