GAME OVER FOR BITCOIN.......

The Moon Show

Bitcoin Market Analysis

The speaker believes that the bull market for Bitcoin is not over and that the current dip is likely the last one before the big bull market starts.

Reasons for the Dip

Two reasons are given for the current dip:

  1. Ripple XRP Lobbying: Ripple and XRP are lobbying against Bitcoin, which has caused a sell-off due to over-exaggerated implications of this news.
  2. Stock Market Decline: The stock market declined due to the Chinese AI startup Deepseek unveiling advanced AI models, raising concerns about future demand for high-priced AI hardware and impacting companies like Nvidia and Broadcom.

Technical Analysis

  • The speaker identifies a horizontal triangle pattern, which typically indicates an uptrend.
  • Support levels are noted, with a potential bounce point around $98.5.
  • A falling wedge pattern is also identified, with the speaker believing that Bitcoin will not go below this level again.

Price Predictions

  • The lowest predicted price for Bitcoin is around $89-$87.
  • For Ethereum, a potential retest of the bottom of the falling wedge is predicted, with a possible price of around $2.7.

Trading Advice

  • The speaker advises holding at least 80-85% of a portfolio in Bitcoin.
  • Limit orders are suggested for Ethereum at $2.7 and for Bitcoin around $98.5.
  • Tight stop losses are recommended for futures trading.