Transcription
You know, now that we've gotten there, now what? What's next? Every day for the past four years, I've said buy Bitcoin, don't sell the Bitcoin. I'm gonna be buying more Bitcoin. I'm gonna be buying Bitcoin at the top forever. I joked with Dave Portnoy today. He said, "I missed it at 10,000, I missed it at 20,000, I missed it at 100,000." I said, "Dave, it's still less than a million a coin. You're getting a 90% discount from a million a coin."
I'm sure that I will be buying Bitcoin at a million a coin, probably a billion dollars a day of Bitcoin at a million a coin. So I think it's a very simple idea: just keep buying Bitcoin with your spare capital. It's going to appreciate against the dollar forever.
People are saying Bitcoin is too expensive, and right now, what does Michael Saylor say in this clip? He's sitting there telling you that this is an opportunity for you to buy Bitcoin at a 90% discount, meaning that he has extremely high conviction that Bitcoin's going to $1 million a coin. That's a target; that's conservative. It's going to go over $1 million a coin.
But get what he's saying: there's still an opportunity to 10x your money just buying Bitcoin. Keep stacking Sats and HODL strong.
And with that, what's happening in crypto? Cru Shawn's going back at you in the cryptocurrency video. Hey guys, sorry for the quick interruption, but if you're interested in trading MicroStrategy, MicroStrategy options, or any other stock out there, Bitcoin, Solana, or any other crypto out there, you can now do that on Mumu.
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Bitcoin, at the current time of this recording, is still sitting around 104.9, almost 105,000. What do we see? What do we anticipate?
If you see this purple line here on the charts, let's make this a little bit bigger. We see that Bitcoin could be in some type of flag pattern. If we zoom to this price action, we could see that this could be the flagpole right here, starting from this wick down to this wick up.
We'll just use the candle bodies just to be more precise, and the actual flag pattern is going to look something like this. You see, once we get to the bottom here, this is textbook TA, textbook 101.
So whenever we break out of this technical target, it could take us up to where? Right now, we had a wick down to 104.3. Will we fall lower? Will we get back above that? But technically, where this goes up to would be the 112 range.
That's the next level to pay attention to: the $112,000 range. That will put Bitcoin into price discovery, new all-time highs.
Zooming out once again, the purple line is something to pay attention to. You see the 20 moving averages crossed over both the 50 and 200, price action's upwards, 20's upwards. Everything looks bullish here.
If you see, we hit our head on this once, twice, fell through it, third time, fourth time, came back, backtested. So right now, we're above this purple line. If we fall down, we want to hold this 102.6 range. If we do fall below that, we will see lower price action.
The bull market is not over yet, but we're just telling you what we see. We see a higher high as far as a new all-time high in price discovery in the previous all-time high around 108. Could we be breaking that this week? That's a high probability.
MicroStrategy, at the current time of this recording, closed at the market at 39,650. So same type of pattern. We used certain levels as resistance, support, support, support, resistance, resistance. Now we're back above it.
So will we get a continuation up to this next level, the $437 range? And will we break through that and then put into new all-time highs? The 430 range to the upside, 430 to 440 range is the target to pay attention to.
If we come back down and say we fill this gap here around 370 or come back down and retest this level down to 360, that could be what's in the cards for MicroStrategy. So pay attention; there's a lot of opportunities, a lot of bullishness to the upside.
Michael Saylor is still working. He's saying France could use more Bitcoin. And right here, you see Sarah Kapno is sitting here telling you, "Great lunch with Michael Saylor today. The future of Bitcoin, energy, and upcoming French elections. What a great entrepreneur."
Let's move forward. So look here, Michael Saylor going across the pond and preaching Bitcoin. If you don't know who that is, she is a member of the European Parliament, so she's a big player. Could they be getting ready to start their own strategic reserve in France?
At the current time of this recording, we're seeing the market cap come in at 3.67 and the Bitcoin dominance at 56.7, Ethereum dominance at 11.3. So right now, we're seeing everything's green. The market's got a lot going on.
Solana's been making major moves to the upside with the Trump news. We'll talk about that in a little bit here, but Bitcoin at 104.8, Ethereum at 3,400, XRP at 3.15.
Eric Trump's weighing in. I'm sure you've heard the Trump coin's been blasting off, going crazy. He's extremely excited about what we continue to accomplish. Trump is the hottest digital meme on Earth, and he believes that World Liberty 5 will revolutionize DeFi and CeFi. The future of finance is just getting started.
And if you didn't know, Trump had his own meme coin listed a few nights ago, and it went up tens of thousands of percent within the first 24 hours. Crazy, crazy, crazy! We've never seen anything like that in history in the crypto markets, even with Doge, Pepe, all these memes. It's gone crazy; Trump has stolen the show there.
So, Justin, there's now a 70% chance that Trump will create a U.S. national Bitcoin reserve in 2025. So it's a higher and higher probability that we'll see that this year. Now, will we see it this week? Will there be an announcement this week?
You know, that could be a sell-the-news event because people are anticipating that. So be very cautious; there could be some volatility this week. But when in doubt, zoom out. We're still going to the upside.
He might not talk about the first week, guys, but if there is a scare in the market, that's a buying opportunity. Buy that dip.
As you see, every inauguration below from 2017, 2021, and this year, are we going to get a repeat alt season blast-off? Could we get extremely parabolic going into the next few months? Bitcoin Bros think so.
And is Solana replacing Ethereum? Where the money flow goes, you see right now all the money flow just flew into Solana's ecosystem over the past 24 to 48 hours because of the Trump pump. The Trump coin was built on Solana's ecosystem.
So does that mean that Ethereum is not going to get a pump? No, Bitcoin Bros don't think so. Ethereum might just be right here now; it might just be a part of the other large caps, even though ETH is above Solana in the charts.
But this is where Trump decided to pump his coin at, right here. This is where he built the Trump coin. So you just got to pay attention to these ecosystems, and as rotations occur, once this money flows from the Solana ecosystem into other large caps, we will see Ethereum go to the upside.
But if you look at Solana versus ETH, this chart does seem pretty bullish. We could see some more upside, but there's something to pay attention to as well.
As you look at this on the macro, this does look like some type of big cup and handle pattern. We broke out of it, backtested the support, so we potentially have a continuation to the upside. Is that what we see?
Let's get rid of this extra line here. This could be a bull pennant that's playing out as well, and we're getting ready to blast off.
But one thing to note: if you look at this peak here back in December 23 and right here, we put a higher high in with the RSI putting a lower high in. This is a bearish divergence.
So will this cool off and come back down into this price range? Is this a sort of rounding top pattern? Something to definitely pay attention to because if Ethereum takes off, it's gonna pull the rest of the market up like it has historically.
But Solana is melting faces. As you see right here, we've counted this for you before in the past. Let's make this a little bit bigger. We've showed you this one, two, three, four, this fifth leg pump that could be going up to roughly $1,000 or higher.
But look here: is this an actual cup and handle pattern that we see? Came back up, we see the handle here, breakout, backtest, and a confirmation right now with this big candle.
So if that's the case, where does this technical target go up for Solana? And is this realistic? We pull this up to the cup lid; this would take us up to roughly the technical target.
We got to go to the breakout point. This will take us up to roughly almost $4,000. Is that realistic? Look at Solana where we are right now. Solana is at 273, and the overall market capitalization would be 132.
So you have to look and do the math, guys. Let's get out our calculator. So if you just do $4,000 divided by 273, the current price action, looking at 14.6. So 132, you'd be looking at 14 times 132. You'd be looking at almost a $2 trillion market capitalization for Solana.
Is that realistic? Well, anything's possible in the markets. You see how the Trump pump happened, and there might be some type of ecosystem built on top of Solana. Could be an announcement potentially, but is that highly probable? Not so much.
Because you got to look at that; you got to compare this chart here. You got to go to the total crypto market cap chart as well to see exactly how high we expect to go and anticipate to go.
We've showed you these targets before as an overall crypto market capitalization. If this is looked at as an inverse head and shoulders pattern, we could come back down and backtest this technical target up to 1 trillion.
So could Solana have $2 trillion with that? If we look at the Solana dominance chart and see how much $2 trillion of 11, we do some math again.
So two divided by 11, we'll be looking at roughly an 18%. Right now, it's just 3.7%. 18% would take this all the way up to really where this technical target is.
If this is some type of pennant, but look, we fell through this pattern here, came back, and backtested this. So is this another top signal? We were holding this support, support, support, fell through, and now this pump came back and backtested it.
Now can we just get ready to break this purple line and have some type of price action where we come back down, flip this resistance, flip the support to resistance before we can see a continuation to the downside?
And then could this be an indication of where the bottom could be around here? That could be like an upwards channel, putting in a higher low. Then is that what we can see?
Or are we going to see, once again, this big bump and run pattern continuation to the 18% range? It's a little bit far-fetched, but anything's possible in crypto.
Looking here, Ethereum and Bitcoin could have bottomed out. As we see here, if we zoom out onto the weekly, we want to look on the higher time frame to see what do we see, what do we anticipate?
So right here, you see a low, a higher low in the RSI, a lower low in the price action. So this is on the higher time frame; this could be a bullish divergence.
And if we look up here, we see the 200 is almost flat. So this is an indication that we're going to see a big move soon. And right now, these are very, very spread out.
Could we see lower price action on this? Yes, but eventually, this is going to change, turn around. As you see the halving in 2020, we had this bottom out, halving here, bottom out, then it blast off.
Could we be coming back up to retest the lower bound of this upper bound that acted as support, support, support? We fell through it. Could we be getting ready to ramp up by the end of this year to retest this upwards trend line?
You be the judge. And with that, I'm Sean the Bitcoin Bros. If you guys like this content, go ahead and smash that like button. If you haven't subscribed to the channel, go ahead and show us some love. We appreciate each and every one of you. And with that, I'm out.