BITCOIN WARNING: Prices Are Exploding In Plain Sight (18 Year Cycle Ending)

Jason Pizzino

Market Update

The markets are experiencing a surge in prices, with many sections hitting new all-time highs. The S&P 500, Dow Jones, Australian market, and others are showing strong uptrends.

Bitcoin and Cryptocurrencies

  • The exchange volume for crypto has dropped off, which could indicate a lack of interest.
  • The fear and greed index for Bitcoin is at 76, indicating extreme greed.
  • The search volume for Bitcoin and crypto is down, mirroring the drop in exchange volume.
  • USDT dominance continues to grind sideways, remaining below the 50% level.
  • The total cryptocurrency market cap is holding steady, but hasn't moved significantly.

Ethereum (ETH)

  • ETH had a relatively good day, closing above both 50% levels ($3,100 and $3,200).
  • The volume is still very low, but could be building.
  • The next price target for ETH is $3,500.
  • The ETH/BTC chart is of particular interest, with potential turning points at lows.

Solana (SOL) vs. Ethereum (ETH)

  • The strength in Solana versus ETH is being monitored, with extensions hit and potential for further movement.

Market Outlook

  • The overall trend suggests that the bull market is intact, despite some short-term indecision.
  • The markets are expected to continue pushing higher, driven by the strength in various sectors.
  • The potential for a red quarter is being watched, but it's emphasized that this doesn't necessarily mean the bull market is over.