A New Record: Bitcoin Hits Bearish Milestone But...

2月19日

What would you say if I told you that Bitcoin will no longer move below 90K?

What would you say if I told you that Bitcoin is ready now, the market is ready now, to move ahead?

What would be your reaction, one of belief or disbelief?

To play it safe, technical analysts like myself tend to use generalizations when giving predictions, never committing to exact numbers or dates. We would say, "nobody knows, the market is impossible to predict."

The market being impossible to predict is not what we are here concerned with. We want to know your opinion, that's why we read.

I can reach my own conclusions, surely, I am smart. But, having input from different sources can help me with my own decision making, so I want to know what you and everybody else has to say.

I say Bitcoin is bullish because it never closed below 90K since the previous advance. I say Bitcoin is bullish because the sideways consolidation phase is reaching its end.

Let's say Bitcoin starts growing now, going up. It can still take days or weeks before Bitcoin closes above 100,000 or more. So the rise can start now but it will be mainly slow and steady growth, as usual, and later down the road bullish momentum builds up.

Trading volume has been lower and lower and continues to drop. When volume comes to a halt, a major move is about to take place. Since we know the market is bullish, this move will be to the upside.

1B USDT minted. Bitcoin is going up.


➢ A NEW RECORD

Last year, around March 2024, the media went into a frenzy celebrating all kinds of new records.

Bitcoin hits the highest volume.
Bitcoin hits new milestones, more transactions than ever;
More wallets being used; more users; everybody is making money, etc.

What happened after all this record setting?

The positive records means the top. After March 2024, a five months long correction started. A new record signaled the top.

We have the same now but in reverse.

No market participants.
Active wallets are in decline.
Lowest volume in years, etc., etc.

The negative records means the bottom is in. After the bottom is in, Bitcoin will start to grow.

Get ready because we are on the verge of a major bullish wave, the 2025 bull-market.

Thank you for reading.

Namaste.

2月19日

交易進行

Positive news now hitting the Cryptocurrency market.

The SEC, once the Crypto industry worst enemy, is now engaging in fully reasonable and good-will behavior towards our market.

New proposals and regulations all favoring the Cryptocurrency industry as a whole. Very smart and decent people are now running this institution (the SEC). These are definitely democratic, peace and freedom loving humans.

— Lawsuits being delayed, paused, later to be dropped.
— Backtracking of unreasonable regulations.
— Acceptance and consideration for Altcoins ETFs and more.

These developments are definitely bullish and the effect on Bitcoin's price should be visible within weeks. The effect this major changes will have on the market will produce a long-term, positive (bullish) impact. This is only the start. The best is yet to come.

These recent developments confirm what we've been saying for a long, long time; prepare for the biggest bull-market in the history of Cryptocurrency.

Thanks a lot for your continued support.

Namaste.