🚨 BITCOIN: RED ALERT!!!!!!!!!🚨

MMCrypto
4 Mar 202405:46

TLDRThe speaker discusses their profitable Bitcoin and Ethereum trades, with a current profit of $9.5 million. They reveal a new price target for Bitcoin, suggesting a potential market cap all-time high and a psychological resistance at $69,000. The speaker anticipates a significant retracement before the Bitcoin halving in April, followed by a run-up to $100,000. They encourage viewers to like and repost the video for an altcoin section in the next update and offer a link for trading Bitcoin with a bonus.

Takeaways

  • 📈 The speaker is experiencing significant profits from Bitcoin and Ethereum trades, totaling $9.5 million.
  • 🚀 The speaker plans to reveal a new price target for Bitcoin in this video.
  • 🎥 A big surprise is promised for viewers, including the possibility of the speaker showing their face in a future video.
  • 👍 The speaker encourages viewers to like and repost the video to unlock an altcoin section in the next video.
  • 💰 The speaker's Bitcoin trade is currently at a profit of $8.5-8.6 million, while the Ethereum trade is near $1 million.
  • 📊 Bitcoin has already broken its all-time high in terms of market cap, despite the price being slightly lower.
  • 🔢 The speaker anticipates a psychological resistance at $69,000 for Bitcoin, based on previous all-time high levels.
  • 📉 The speaker advises caution against high leverage long positions due to potential resistance and a possible retracement.
  • 🎯 The new price target for Bitcoin is set at $100,000, based on the Fibonacci golden extension.
  • ⏳ The speaker expects Bitcoin to reach this target after the upcoming halving event in April.
  • 🔗 A link is provided for viewers to register for a trading platform with a $30,000 bonus.

Q & A

  • What is the speaker's current profit from Bitcoin and Ethereum trades?

    -The speaker is currently profiting $9.5 million from their Bitcoin and Ethereum trades, with the Bitcoin trade alone being at $8.5 to $8.6 million in profit and the Ethereum trade at nearly $1 million.

  • What is the speaker's new price target for Bitcoin?

    -The speaker's new price target for Bitcoin is $100,000, based on the Fibonacci golden extension at the 1.618 level.

  • How does the speaker plan to handle their Bitcoin trade in the short term?

    -The speaker plans to stay in their long position and might take some profits at $68,000 to $69,000, but they intend to continue holding the trade.

  • What is the significance of the $69,000 price level for Bitcoin?

    -The $69,000 price level is considered psychological resistance for Bitcoin, as it is the previous all-time high price before the halving event.

  • What does the speaker mean by 'breaking the all-time high in terms of market cap'?

    -The speaker refers to Bitcoin's market cap surpassing its previous all-time high due to a few years of Bitcoin mining, even though the price has not yet reached the same level.

  • What is the speaker's expectation for Bitcoin before the halving event in April?

    -The speaker expects Bitcoin to reach at least the previous all-time high before the halving event, which is in mid-April, followed by a significant retracement or washout.

  • What is the Fibonacci golden extension, and how does it relate to Bitcoin's price target?

    -The Fibonacci golden extension is a technical analysis tool that helps identify potential price levels. The speaker uses the 1.618 extension to set a price target of $100,000 for Bitcoin.

  • What does the speaker suggest about the timing of reaching the $100,000 price target?

    -The speaker suggests that Bitcoin could reach the $100,000 price target after the halving event in April, based on historical patterns of Bitcoin's price behavior after breaking previous all-time highs.

  • What is the speaker's strategy for taking profits?

    -The speaker plans to take most of their profits out once Bitcoin reaches the $100,000 price target, which they expect to happen after the halving event and a subsequent price run-up.

  • How can viewers get the next video with Bitcoin price targets and altcoin picks?

    -The speaker encourages viewers to like and repost the video, and if it reaches 8,000 likes, they will include an altcoin section in the next video.

  • What is the incentive for viewers to register and deposit using the provided link?

    -The incentive is a $30,000 bonus for free, which is mentioned in the video description and pin comment.

Outlines

00:00

📈 Bitcoin's Wild Ride and Profits

The speaker discusses the current Bitcoin price craze, revealing a profit of $9.5 million from trading Bitcoin and Ethereum. They express their intention to share a new price target for Bitcoin and discuss their strategy for taking profits. The speaker also mentions that Bitcoin has already broken its all-time high in terms of market cap, despite the price being slightly lower. They highlight the psychological resistance level at $69,000 and suggest caution against high leverage positions. The speaker is optimistic about Bitcoin reaching $100,000, especially after the upcoming halving event in April.

05:02

🚀 Future Predictions and Trading Strategies

The speaker continues with their Bitcoin trade, having made a significant profit and plans to stay in the trade with potential profit-taking at $68,000 to $69,000. They discuss the Fibonacci golden extension and predict that Bitcoin could reach $100,000 after the halving event. The speaker also mentions a significant retracement and washout expected before mid-April. They encourage viewers to like and repost the video for a chance to see an altcoin section in the next video and to claim a $30,000 bonus by following a link provided in the video description.

Mindmap

Keywords

💡Bitcoin

Bitcoin is a decentralized digital currency that operates without a central bank or single administrator. In the video, the speaker discusses the current price of Bitcoin and their personal investment in it, highlighting its volatility and potential for profit.

💡Ethereum

Ethereum is an open-source, blockchain-based platform that enables the creation of smart contracts and decentralized applications. The speaker mentions their Ethereum trade, indicating it as another cryptocurrency investment alongside Bitcoin.

💡Profit

Profit in this context refers to the financial gain made from trading cryptocurrencies. The speaker boasts about their $9.5 million in profit, emphasizing the success of their trading strategy.

💡Price Target

A price target is a predetermined value at which an investor expects a security to be traded. The speaker reveals a new price target for Bitcoin, which is a strategic aspect of their trading plan.

💡Altcoins

Altcoins are alternative cryptocurrencies to Bitcoin. The speaker teases discussing which altcoins they are investing in, creating anticipation for viewers interested in diversifying their crypto portfolio.

💡Market Cap

Market capitalization is the total value of all the shares of a stock or, in this case, the total value of all the coins of a cryptocurrency. The speaker notes that Bitcoin's market cap has already broken the all-time high, indicating a significant milestone in the crypto market.

💡Psychological Resistance

Psychological resistance refers to a price level that is perceived to be a potential turning point for an asset's price. The speaker mentions $69,000 as a psychological resistance level for Bitcoin, suggesting that it could be a point where the market reacts significantly.

💡Fibonacci Golden Extension

The Fibonacci golden extension is a technical analysis tool used to identify potential price levels where a financial instrument might experience a reversal. The speaker uses this tool to predict a $100,000 price target for Bitcoin, showcasing a bullish outlook.

💡Bitcoin Halving

Bitcoin halving is an event where the reward for mining new blocks is halved, reducing the rate at which new Bitcoin is created. The speaker references the upcoming halving in April as a potential catalyst for Bitcoin's price increase.

💡Retracement

A retracement in trading is a temporary price movement against the general trend. The speaker anticipates a significant retracement for Bitcoin before the halving, suggesting a temporary dip in price that could precede a larger price increase.

💡Trading Strategy

A trading strategy is a specific approach to trading that is designed to achieve a profit. The speaker discusses their long position in Bitcoin and their approach to taking profits, indicating a disciplined and calculated method for their crypto investments.

Highlights

Bitcoin price update and current profit status

Bitcoin and Ethereum trade profits total $9.5 million

New price target for Bitcoin to be revealed

Engagement incentive: Show face in next video if this video gets 8,000 likes

Bitcoin trade is at $8.5-$8.6 million in profit

Ethereum trade is at nearly $1 million in profit

Discussion on when to take profits

Bitcoin has broken all-time high in market cap, not just price

Psychological resistance for Bitcoin price is around $69,000

Advice against high leverage long positions

Previous all-time high broken in the last cycle and subsequent price movements

Fibonacci golden extension target of $100,000 for Bitcoin

Expectation of Bitcoin halving event in April

Prediction of a significant retracement before mid-April

Anticipation of Bitcoin reaching $100,000 after the halving

Link provided for trading Bitcoin with a $30,000 bonus

Request for likes and comments for future content