Lecture Notes: Bitcoin Price Update from Singapore's Token 49 Event

Introduction

• Speaker is reporting live from the Token 49 event in Singapore, the biggest event in crypto.
• Discussion on whether Bitcoin is starting its last parabolic bull run.
• Bitcoin recently had a significant move upwards towards $62,000.
• Speaker has been predicting a bullish movement leading into October 2024.
• Personal feeling that this could be the start of a bull run.

Bitcoin Price Analysis

• Downward Sloping Channel: Mention of a downward sloping channel in Bitcoin's price movement.
• Monthly Candles: Bitcoin is coiling up, approaching the apex of a potential breakout on monthly candles.
• Resistance Levels:
  • Current focus not on $67,000 or $72,000 resistance levels.
  • Key level to watch: $64,500.
  • Breakout above $64,500 on a daily candle with volume support could lead to higher prices.

Speaker's Trade

• Current Trade:
  • The speaker has a multimillion-dollar trade open.
  • Almost 100 Bitcoin in profit, totaling around $6 million.
  • Additional $400,000 profit on an Ethereum trade.
  • Total profit: nearly $7 million, both realized and unrealized.
• Price Target:
  • Conservative target around $77,000.
  • Importance of breaking $64,500 to achieve higher targets of $67,000 and $72,000.

Trading Opportunities

• Bybit Bonus:
  • $30,000 bonus available for experienced traders.
  • Process: register, deposit, and receive bonus.

Conclusion and Personal Notes

• Final thoughts on the potential start of Bitcoin’s parabolic bull run.
• Speaker is excited to be in Singapore and participating in events.
• Personal activities: Commented on a karate combat event with notable individuals.
• Encouragement to view the event recording on Twitter.