What Comes Next For Bitcoin? 20k or 70k?
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- Опубликовано: 27 сен 2024
- In this video I talk about why I believe the bottom for this most recent correction may be in and why I think we will rally in the coming weeks to continue our journey to new all time highs in 2023.
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I can't live W/O your updates! Simply the BEST! Thanks Cred.
Something for traders looking at charts in the abstract to be mindful of, larger markets move slower, and require more liquidity to do so.
Its not just your videos are very informative you made valid points. Hopefully your analysis will be correct. Only request 🙏 if you make a video on $MATIC & $ADA each of these coins 15-20% of my wallet
brilliant. exciting times ahead.
You just got a pure heart Credibull u are not creedy atall. Fuck them if they don't want to reason in another way, we need to operate our minds to change in many things. Anyway Thank you a,lot Credibull am humble
I will replay this on January 1st 2024.
BTC at 70k now
Und?
Thanks a lot Cred, these updates are very appreciated! :)
Glad you like them!
NOICE!!! Great to get a video from ya bro!!! Love the ballzy post on Twitter.... it makes sense ... now...I'll start this video
Epically impressive, watching this recording for the first time 10 months after the release (I know I'm slow to the Cred party) #nailedit @Cred :)
Cheers bro legend wish u did more utube 👍😎💯
thanks Cred, excited to watch this play out. LFG!!!
Great Vid, much appreciated. I reckon those most comfortable with your viewpoints are long term investors and understand how early we are in this space😉
Been following you for ages on twitter dude 👏 nice work
Thanks for the clarity - Respect
Glad it was helpful!
thanks my friend for the awesome update wish u the best
Thanks for the visit
Great detailed analysis 👍
Yeah, watch summertime.... usually a boring time in markets ...however also makes for illiquid markets ...could see the push sooner than anyone would expect
Another excellent video 10/10
Thanks for the update. I wonder whether the timing of a parabolic rise comes soon. Otherwise we might get some ugly price action in case the Fed cuts rates and stock markets crash in Q4 2023.
If you're in the narrative camp, FED has cut rates 6-12 months after last hike. And it's not until they agressively cut that does the damage.
@@matic.pogorelc I know the past. Nevertheless this time it might be different and aggressive cuts could already happen in Q4. That would be 4-5 month after the pause - so no big difference to your idea.
Great work brotha!
Thanks
Thanks so much Cred ❤
Nice info. Thanks CC. KP
No problem 👍
Who’s here April 2024😂
I think second capitulation for bottom will occur bcos still coins like bnb and tron are up in terms of btc and usdt pair ..also these alt coins need to correct around 90% ...aso one more drop may be coming this week
It seems the 23k target might still be in play.. 🤔
Great video
Thanks for destroying those "But but but but muh LIQUIDITY!" bros lmao
Let’s Go 🚀🚀🚀⚡️⚡️⚡️🤘🤘🤘
Hello. Are you only bullish on Bitcoin BTC alone? What about BCH and BSV version as well? Will they benefit from BTC rise, as well? What are your thoughts on those other two Bitcoin versions in general? There are so many conflicting opinions as to which is the “real” Bitcoin version. Many believe it’s BSV. Thank you very much.
Buy the dip !!
Let’s go brother 🚀
thanks for this!!😮
No problem!!
Great vid Cred
Nice ... ^^ Thank you
Great if it goes higher
Appreciated 👌
I trust U
You should do video on $CVX
I want that video about the next bear market ;)
;)
Okey so lets compare this, 70k btc at the end of this year, compare to uniswap? How much IT might go up with Bitcoin?
BTC is at 70k now
Lets go!!
The only thing that is not aligning is FED doing a skip and then a hike on 27th July. That will further delay the process.. Otherwise everything is aligned for a blow off top this year..probably in Nov, if Fed pauses in June
GREAT GREAT GREAT
Can you do more videos on altcoins and what you expect ethereum or ada to do ?
if that is just coincidence, how could u react?
Don’t need to watch but 10K
It's all for naught. Gensler has ruined it all 😔
Sec is attacking coins as securities. While btc is being seen as not. Wouldnt that mean that btc would pump at some point and alts may make newer lows. Which leads to btc dominance sky rocketing?
Yes, this is one narrative that most will probably latch onto for an explanation as to why BTC is pumping if/when it does. Its probably true to some extent, but there are bigger factors at play that would have resulted in a bitcoin rise regardless of the recent attacks by the SEC. For example, most don't realize that over 70% of all the bitcoin in existence is being held by wallets that haven't sold in over a year. Yes, they actually increased their holdings during the FTX collapse and crash. This 70% number is the highest it has even been since bitcoins inception- in other words, supply on bitcoin itself is more constrained than it has even been in over a decade+. This, alone, will be one of the primary drivers of new all time highs this year. The shift from alts into bitcoin always occurs in bear markets but the SEC drama probably just helped that process along.
@@CredibleCrypto Thanks for the reply. Also youve explained about where the liquidity would come from with examples of Nvidia and apple. But isnt it that such companies are providing value to the world? I mean cryptoprojects havent yet proven their usecase to world and actually arent yet in the phase to generate value to the world. I would say probably HBAR could be closest to actually be the first.
Yes, but even stock, just like crypto, are highly speculative assets. Apple trades at 30 times its earnings and NVIDIA trades at nearly 200 times its earnings. Why? Because people are speculating on the future value of these assets and therefore price often runs far ahead of actual intrinsic value in the moment, just like crypto. Speculative assets like this are all susceptible to the same driving forces of fear and greed- which drives prices into repeated boom and bust cycles. This can be seen in all markets- crypto, stocks, precious metals, etc. Do I think 99% of the crypto space is overvalued atm? Yes. Does that mean I think we arent going a lot higher? No. Do I think we are going to see a .com level bust at some point in the crypto space where all the junk gets washed out? Yes. Do I think we are there just yet? No. But I do think that this next all time high will be the last major all time high before a major crash the likes of which we haven't seen in the crypto space before.
I thought the explanation of the BTC to 70k using NVIDIA and AAPL as possible examples was spot on
LFG🔥
I can understand where your coming from about a ATH but Nvidia is a company that produces many products & it also does a lot of data collecting and sells its data for those who don't know. I really can't see how you can compare a business with a on Demand product/service to a Bitcoin that has no major demand or product above it to assume just because one can bring in money the other can or every other small cap would be at ATH in stocks & crypto but they not
Wouldn't the all time highs be next year as that's when the halving starts?
No, watch the RUclips video i published prior to this one. The halving narrative is a case of mistaking correlation for causation imo.
endless pullbacks, BTC just can't hold ANY gains even at these low levels that is the ultimate sign of weakness....I just can't believe anything close to ATH is possible this year (or perhaps ever)....BTC has been trash since 2021 and is just over 2017 highs which is beyond pathetic. Crypto is bad news only....how the hell can BTC even rally let alone ATH this year?
You are the first to be this bullish❤
⬆🆙
we won't be at new highs at the end of the year. 50k is too high.
5k with all the scamming and thief’s hanging around the stuff
bitcoin will go down to 15k soon
about 5K is my prediction, you are too bullish
First
Neither 20 or 70 k. More like zero when the truth about Bitcoin is public and the handful of guys manipulating it cash and dash.
Excellent work!
Thank you! Cheers!
You're the greatest Cred! Thanks so much!
ok
There are at least two black swans ahead of us before the whole market stabilises: DOJ’s lawsuit aganst Binance nad SEC/DOJ’s lawsuit against Tether.
If a lot of people are expecting them then they aren't black swans.
I trust that this video will be prophetic❣️🙏🏼✨ Thank you so much for sharing your logical insights💪🏼. We appreciate it!
10K, due to its intrinsic limitations.
20k for sure, then to 60k, then range, then 100k+