Bitcoin Sets a New All Time High: What is Next?

Summary

Highlights

• Bitcoin climbs to an impressive $109,833! Keep the champagne ready! 🥂
• Bitcoin's price milestone showcases its enduring market dominance. 👑
• Market cycles seem to follow a time-tested dance of highs and pullbacks. ⏳
• Understanding death and golden crosses can give traders an edge. ⚔️
• Be prepared for possible price pullbacks but stay optimistic! ✨

Key Takeaways

• Bitcoin hits a new all-time high! Celebrate the moment! 🎉
• Market cycles affect altcoins differently; Bitcoin leads the charge! 🔥
• Death and golden crosses are significant for Bitcoin's price behavior. ⚖️
• Historical trends suggest strong market responses after golden crosses. 📉
• The potential for a 10-15% price drop post-golden cross is common, so stay alert! 🚨

Overview

Chapters

• 00:00 - 00:30: Introduction and All-Time High Achievement The chapter discusses Bitcoin reaching a new all-time high, highlighting it as a reason for celebration and a milestone in the cryptocurrency space.
• 00:30 - 01:00: Bitcoin's Risk and Reward Analysis This chapter discusses the dual nature of investing in Bitcoin, highlighting both its potential for high returns and the inherent risks involved. The narrative acknowledges that while Bitcoin provides significant upside potential, it does not eliminate the possibility of losses. The chapter reflects on historical instances from the previous year where Bitcoin's value dropped multiple times, emphasizing that while it offers a promising investment opportunity, investors must be prepared for volatility and potential downturns.
• 01:00 - 01:30: Bitcoin Dominance and Market Behavior The chapter discusses the concept of Bitcoin dominance in the cryptocurrency market. It highlights the idea that while Bitcoin has reached a new all-time high, many other cryptocurrencies have not achieved the same level of success. This observation is not meant to criticize other cryptocurrencies but to illustrate a common pattern in market cycles where Bitcoin often leads in establishing high values. The chapter implies that such behavior is typical of how market cycles function, particularly within the cryptoverse.
• 01:30 - 02:00: Celebrating Bitcoin's New Price Milestones This chapter discusses the recent price milestone achieved by Bitcoin, which has reached nearly $110,000. The current position is approximately $109,833, signaling a significant increase. The discussion also touches upon the behavior of altcoins in relation to Bitcoin's price movements, noting that they tend to follow Bitcoin's lead later in the market cycle. At the moment, the focus is on Bitcoin's impressive climb to a new high.
• 02:00 - 03:00: Market Analysis: History of Price Patterns In this chapter titled 'Market Analysis: History of Price Patterns,' the discussion revolves around the optimistic outlook for Bitcoin with a hope for its price to increase. However, there's a consideration of possible pullbacks in the market. The speaker acknowledges the risk of re-evaluating previous analyses and prepares to do so, despite potential criticism.
• 03:00 - 03:30: Golden Cross and Its Implications The chapter titled 'Golden Cross and Its Implications' discusses the unpredictability of market trends and the fallacy of deterministic thinking in trading. Using Bitcoin as an example, it illustrates that while historical patterns, such as seasonal trends in September, may suggest a certain direction, they are not foolproof predictors of future outcomes. Despite a 70% chance of Bitcoin being "red" or down in September, there are instances where it might not follow the expected trend, highlighting the importance of not relying solely on historical data for investment decisions.
• 03:30 - 04:00: Analysis of Past Bitcoin Performance The chapter discusses the historical performance of Bitcoin, specifically focusing on patterns observed in September over the past few years. It mentions the concept of 'death crosses,' a technical analysis term where a short-term moving average moves below a long-term moving average, potentially indicating a bearish trend. Despite common patterns, there is an acknowledgment of variability in outcomes as the market behavior can differ each time. The transcript notes that historically, markets tend to decline before a death cross, only to rally afterward, highlighting the cyclical nature of trading dynamics.
• 04:00 - 05:00: Market Observations: Bitcoin's Trend The chapter 'Market Observations: Bitcoin's Trend' discusses the pattern of 'death crosses' in the market where people tend to panic sell. It highlights a historical trend where markets rally following a death cross, leading to new cycle highs each time. The narrative emphasizes the importance of recognizing these patterns to avoid imprudent selling decisions.
• 05:00 - 05:30: Golden Cross Pullbacks and Expectations The chapter discusses the concept of golden crosses in the market cycle, which typically follow death crosses that mark a low point before leading to a new high. While death crosses usually result in a dip for Bitcoin, the text suggests that golden crosses often act in the opposite manner in the short term, meaning they tend to trigger a rise in Bitcoin's price. The author reflects on their previous observations regarding these market indicators, acknowledging mixed success with past predictions on these events.
• 05:30 - 06:30: Historical Golden Cross Patterns The chapter discusses the phenomenon of golden cross patterns in stock markets. The speaker explains that contrary to expectations, a golden cross can initially lead to a market dump rather than a rise, though this is not always sustained. The precise timing of a golden cross is uncertain and depends on price action. The current expectation is that the next golden cross might occur around May 22nd or May 23rd, but this could change depending on market conditions.
• 06:30 - 07:30: Strategic Analysis of Bitcoin's Behavior This chapter delves into the strategic analysis of Bitcoin's market behavior, focusing particularly on the phenomenon known as the 'golden cross'. A golden cross typically signifies an upward market trend, characterized by a short-term moving average crossing above a long-term moving average. However, the chapter cautions that a market dump, or downturn, can occur post-cross, which is not uncommon. The chapter aims to prepare readers by illustrating examples of past occurrences and emphasizing a non-deterministic approach to market predictions. This analysis is intended to equip individuals with a broader understanding of potential market fluctuations surrounding significant technical indicators such as the golden cross.
• 07:30 - 08:30: Potential Market Reactions The chapter titled 'Potential Market Reactions' discusses technical analysis indicators such as the Golden Cross and Death Cross, which are used to predict market trends. The author explains an instance from the previous year where a Death Cross was followed by a rally in Bitcoin. When a Golden Cross occurred shortly afterward, the market experienced a temporary drop of about 9 to 10%, before continuing its trend. The discussion emphasizes the complexity of market navigation after these technical patterns and notes that such patterns were observed again in 2023.
• 08:30 - 09:30: Discussion on Market Dynamics In this chapter titled 'Discussion on Market Dynamics', the speaker discusses a period of high market activity characterized as a 'face ripping rally,' which left no opportunity for traders looking to 'buy the dip.' This rally included a 'golden cross' but lacked significant pullbacks, defying typical market expectations. The speaker reflects on their deterministic approach during this cycle, including a focus on Bitcoin dominance, which proved challenging in the face of such unpredictable market dynamics.
• 09:30 - 10:30: Investment Strategies and Bitcoin Dominance This chapter discusses investment strategies with a focus on Bitcoin's dominance over other cryptocurrencies like Ethereum and altcoins. It highlights Bitcoin's potential to reach new all-time highs if it stays above certain price levels, specifically 74K. The chapter also touches on the decline of alt Bitcoin pairs as a reflection of Bitcoin's increasing dominance in the market.
• 10:30 - 11:30: Bitcoin's Future Insights and Predictions In this chapter titled "Bitcoin's Future Insights and Predictions," the discussion revolves around the volatile nature of Bitcoin's price movements and market predictions. The speaker reflects on the experience of predicting new all-time highs for Bitcoin, noting that such predictions are never guaranteed. While some forecasts may successfully predict market trends, others, like in late 2023, may not pan out as expected. The chapter also discusses the occurrence of a 'death cross' in the fourth quarter of 2023, highlighting the unpredictability and risk involved in deterministic market predictions.
• 11:30 - 12:00: Conclusion and Celebratory Remarks The speaker reflects on previous predictions about Bitcoin's performance, noting a past prediction of a 10% drop after a 'golden cross.' This prediction turned out to be an underestimate as Bitcoin's price exceeded expectations by rising to 44K, demonstrating the unpredictability of the market and cautioning against capping Bitcoin's potential price. The closing emphasizes the importance of staying open-minded about market possibilities.

Bitcoin Sets a New All Time High: What is Next? Transcription

• 00:00 - 00:30 Hey everyone and thanks for jumping back into the cryptoverse. Today we're going to talk about Bitcoin and celebrate the fact that it has hit a new all-time high once again. If you guys like the content, make sure you subscribe to the channel, give the video a thumbs up, and also check out the sale on into the cryptoverse premium at into the cryptoverse.com. So, first things first, anytime Bitcoin hits a new all-time high or a new cycle high, it's reason to celebrate. And it further reinforces the
• 00:30 - 01:00 point that we've been talking about for I guess last 3 to four years and that is that owning Bitcoin gives you exposure to the upside but it also minimizes your downside risk right and that's not to say that Bitcoin can't go down. In fact, last year we saw it go down many times right when look at all these drops that Bitcoin had last year. So it's never the argument that it can't go down. It's just that the downside is going to be a
• 01:00 - 01:30 lot more limited with Bitcoin than the rest of the cryptoverse. And that's why we spend so much time talking about Bitcoin dominance. And here you can see once again that Bitcoin is at a new all-time high, but how many other cryptocurrencies can say the same? This is not necessarily a dunk on other cryptocurrencies. It's just the way the cycle works, right? like this is the way the market cycle tends to behave and you
• 01:30 - 02:00 know if altcoins are going to catch a bid against Bitcoin it's usually later on in in the cycle. So right now Bitcoin has just tagged 108,000 right as I make this video it has gone all the way up to 109.8,000 8,000 right 109 109,833 at least according to the index here so it's almost hit 110k now when stuff like this happens
• 02:00 - 02:30 you know of course it's reason for celebration and honestly I mean hopefully Bitcoin just goes higher right that would be the nicest thing and hopefully we see that it's also a good idea to just look at at you know if it does get a pullback what would the expectations And so one of the things that we've mentioned before and I will at the risk of getting my face ripped off again in a few days go through this exercise again.
• 02:30 - 03:00 And basically I I'll show you an example where I was deterministic about the idea that I'm about to present and how it did not work out. And so just because things tend to work out doesn't mean they always do. So for instance, if Bitcoin is say 70% of the time, let's say it's like red in September, if you go into every September thinking it's going to go down a few, you know, every once in a while, right, Bitcoin will actually go
• 03:00 - 03:30 up in September. And that actually happened, I believe, the last couple of September. So probabilities, um, you know, it's one of those things where it can happen most of the time, but it doesn't always have to happen. And one of the things that tends to happen, and this is something we've covered in in in length before, is that the market dumps before death crosses so that on the other side of death crosses, the market then rallies, right? A lot of
• 03:30 - 04:00 people panic sell down here and they forget that the market historically rallies after a death cross. And you can see that this has turned out to be no different. All these prior death crosses had lows that formed around the time of the death cross. And so far, right, every single time it led to a new cycle high, right, a new cycle high, a new cycle high, and sure enough, a new cycle high.
• 04:00 - 04:30 After every death cross, it is marked a low and led to a new cycle high in this market cycle. Now, one of the things that I've previously said and with mixed success, right, with mixed success is that a lot of times golden crosses behave in sort of the opposite manner in the short term as death crosses, right? So, with a death cross, normally Bitcoin dumps into it, right? And then rallies
• 04:30 - 05:00 on the other side of it. A lot of times with golden crosses, it's the opposite. Now, that doesn't mean that that dump has to be sustained, right? I mean, there's a good chance it could dump and then just go to another all-time high, right? But a lot of times, and we're not even at the golden cross yet. It's probably going to be either on May 22nd or May 23rd. It's going to be dependent on the price action. I don't know exactly when it's going to be. I was looking at it earlier, and it very well could just be May 23rd. Um, depending on
• 05:00 - 05:30 how high Bitcoin goes, I guess, between now and then. possible for it to happen on May 22nd, but by the 23rd at the latest, we should in fact have a golden cross. And again, a lot of times, but not always, you get dumps on the other side of golden crosses. And what I want to do is I want to just show you a few examples so that you can at least be prepared. All right? And I I'm not going to be deterministic about this. You know, if if we get a dump uh after the Golden Cross or around the time of the
• 05:30 - 06:00 Golden Cross, then we'll talk about it, right? We'll talk about all right well now that it's happening you know how do you how do you you know how do you navigate that but just to give you an idea of what I'm talking about last year we had you know a death cross and then you know a rally by bitcoin and then here was the golden cross and then you know just shortly after the golden cross we had about a 10% drop now it did rally for about one more day after the golden cross but then we did get about a 9 to 10% drop and of course the market continued on if you go look at 2023.
• 06:00 - 06:30 This is where I operated deterministically and I got my face ripped off basically. You know, we had like sort of a face ripping rally, face melting rally, uh that left no room to, you know, for for people looking quote unquote buy the dip, right? We had a massive rally. We then had the golden cross uh and and there wasn't really much of a pullback to speak about. And so there's been a few things this market cycle I've been deterministic about. One of those things being Bitcoin dominance
• 06:30 - 07:00 going up and Bitcoin being a much better play than altcoins. Uh the other thing Ethereum going home, right? That happened, right? We can check that off the list. Alt Bitcoin pairs bleeding, you know, is is just a derivative basically of of Bitcoin dominance. Um and a few other things, right? We also said that if Bitcoin holds above 74K, if it holds above the 2024 high on this drop, then there's a much higher likelihood that we could put in new all-time highs. If it goes below that level, then the likelihood is a lot
• 07:00 - 07:30 lower that we would put in new all-time highs. So, we stayed above it and we in fact did put in new alltime highs. Again, nothing is ever guarantee. There's just certain things I've been deterministic about. Some of them work out really well and and you know, when that happens, you can feel good about yourself. You can be like, look, I know it was silly to be deterministic cuz no one really knows where the market's going to go, but at least it worked out. There are other times where it doesn't work out. And and 2023 uh was one of those times for me because in Q4 of 2023, we had this death cross um and
• 07:30 - 08:00 then we had this golden cross. And on the golden cross, I said very deterministically, you know, that we would have a a 10% drop at the very least. And and probably more than that. Probably more than that because I didn't really think that Bitcoin would go higher than 35K in 2023. Ended up going up to 44K. So it it overshot what my expectations were for the year. Just another example of do not do not put a cap on on Bitcoin's price
• 08:00 - 08:30 in that way because a lot of times if you do, Bitcoin will eventually exceed it, you know. Um so but I did say that, right? I did say that and and you can see that Bitcoin it ripped up to 35K. That was where I thought it would get rejected from and then come back down, cool off for a few more months. And it didn't, right? we didn't really see that. So there's a lesson in there to learn from failures and when you know I make mistakes, if you make mistakes
• 08:30 - 09:00 that you know it's not always fruitful to be deterministic about things because sometimes the market will just kind of leave you behind. But I do want people to sort of understand like why I said that in 2023. Um it wasn't, you know, just because I I wanted to buy more Bitcoin. I mean, I I actually bought plenty uh especially throughout all these years. I mean, I you know, I I I bought plenty throughout the years. But the real reason was um it was just sort of experience, right? Like looking at
• 09:00 - 09:30 prior golden crosses like right here and even if you don't even measure it from that high and just noticing that a lot of times you get a golden cross, you get about a 10 to 15% drop. Even here before the actual pandemic crash, you still had about a 15% drop after the golden cross. Even here in 2019, you can see we had a golden cross and then right behind the golden cross, we had about a 15% drop. So the reason why I said that in 2023 was mostly just because I was a sort of an artifact of of what I had
• 09:30 - 10:00 experienced, right? My prior experiences with golden crosses influenced me to think that with a golden cross you get a correction. We had had one, you know, we had had a correction after the golden cross in 2019. We had had one in 2020. We had also had one in 2021. By the way, we had also had one after a golden cross in 2015 and that was a much deeper correction, right? We had a golden cross right here and right after that golden cross, it actually marked a high for Bitcoin and then Bitcoin fell 50%.
• 10:00 - 10:30 So you can get and here's another golden cross, right? Here's another golden cross where then Bitcoin eventually just sold off massively. So my prior experiences with golden crosses with Bitcoin in 2023 had always told me that you rally up by the time you get to the point where you get a golden cross, price action has already done very very well. People tend to get euphoric. uh they start calling for crazier and crazier price predictions in the short term and then what ends up happening is then Bitcoin gets a pullback, right? And
• 10:30 - 11:00 it keeps those people in check and and it's just sort of a way of of the market, you know, sort of calming down for a little while. So, you know, I'm not trying to be deterministic here. I'm just suggesting that if there is a pullback after this golden cross, it would be a fairly normal pullback. Okay. And I don't know exactly how high Bitcoin is going to go before potentially that happens. If it just stops there at like 109.8, a 10% drop would get Bitcoin
• 11:00 - 11:30 basically back to 100K, maybe a little bit lower. If it's a 15% drop like some of those other uh some of those other golden crosses we've seen, it would put Bitcoin back at around that 50-day and 200 day moving average, you know, probably around 95K. Okay? because I mean right now they're at like 93K, but again by the time that actually happens, if it does, those moving averages will be higher and they could be at that point at closer to $95,000. So this is an important thing
• 11:30 - 12:00 to consider. The other thing that I want, you know, to just kind of remind people of is that we've talked about this idea before as well. Uh that Bitcoin can go put in new highs. sort of the window for it to do so is late May to early June, right? Late May to early June. And the reason why I said late May to early June was sort of looking at last year and seeing that we had a rally
• 12:00 - 12:30 into late May and then another one in early June. The year before that, we ended up getting a rally uh it was a little bit later, right? It was in June and then it eventually fell back down. But the point is is I am in the sort of the back of my mind like it's hard not to be somewhat deterministic about expectations in the third quarter of the year. And the reason I say that is because if you look at the last two years the during the third quarter of the year Bitcoin fell below its bull
• 12:30 - 13:00 market support band right during the third quarter of the year. Now this time we actually got the drop below it in Q1. Um, and you know, the optimist would like me to just think that that's all we have to get and we can just go up from here. But the glass half empty approach uh would suggest, well, what happens if we still get sort of this d-risking process in the third quarter of the year? Remember in 2023, Bitcoin put in
• 13:00 - 13:30 new cycle highs and it actually stayed there for a number of weeks and then it still sold off in the third quarter. Okay, over here we had a nice rally in May and June and then we still sold off in the third quarter. So I would argue like this I this is what I would think as it relates to Bitcoin in the short term. You know I don't want to try to limit it. I I know that it it obviously can go up. That's a good thing if you've kept your crypto portfolios Bitcoin heavy. You want Bitcoin to go up, right?
• 13:30 - 14:00 This is what you want. And not only are you watching Bitcoin go up, you're also watching Bitcoin dominance go up, right? I mean, Bitcoin dominance is now up for like how many days in a row? Eight days in a row now. So, that's a good thing, right? Not only were you invested in Bitcoin, but you also are not really sacrificing a lot in the way of opportunity costs because every dollar you have in an altcoin is a dollar that was not in Bitcoin. And Bitcoin is the only one that's really pushing new highs right now. the other ones are are still well below their prior all-time highs
• 14:00 - 14:30 for the most part. So, if Bitcoin can continue to go up, um then maybe the next level would be sort of tagging this trend line right here, you know, a few thousand higher. But if it can't and it just gets, you know, if it fades with the arrival of the golden cross, then I think the expectation would be that it would go down, consolidate for a few days, and then
• 14:30 - 15:00 come back up and try again. Kind of like what it did last year, right? Where it it it it actually topped out on May 21st, right? That's today, right? It topped out on May 21st, got a pullback, but then it tried again in early June. And I think you could argue the reason Bitcoin sold off in June of last year was because the unemployment rate started to trend higher again, right? That was when the unemployment rate really started to to to to move higher.
• 15:00 - 15:30 Um, so that's kind of what I'm thinking right now. I think that there is a high likelihood high likelihood that there will be some d-risking in the third quarter of the year. Sort of the July to September time frame. That's what I I think is the most likely outcome. If Bitcoin does get a pullback off of these new all-time highs within say like a week or so, I don't think yet that that
• 15:30 - 16:00 pullback would be reflective of concerns about what may or may not may or may or may not happen in the third quarter of the year. I think it would just be sort of your typical golden cross pullback. Okay, that's what I would say. So in this case, if you do see a golden cross dump, right, if you get a a golden cross dump, then you really would like to see it go no lower than than 95K before trying
• 16:00 - 16:30 again. It doesn't even have to go that low, right? Want to see it go no lower than that. If if it does that and then it comes back up and it still struggles with this level and then it starts to fade again kind of like what it did like over here, right? Where it just wasn't able to really break out. Kind of like what it did right there where it wasn't really able to break out. If it fades again and it still can't get past this level in
• 16:30 - 17:00 any durable fashion and it's like mid June, then at that point I would argue you're more likely to see a d-risking process where you you just come back down, right? And you retest some of these levels again. Um, we did it in 2023, you know, we did it in 2024. The posth having years have a way of throwing curve balls. So, I know from experience that if you go into post having years thinking that it's going to do exactly what it did in the prior two years, you're usually going to get
• 17:00 - 17:30 wrecked to some degree, right? Um, but this is more of like an if then statement, right? If we get a golden cross dump and then we get a go and then we get sort of a a rally after that and then we still struggle to really durably break above 110 and it's mid June then you probably would see the market start to price in some of that Q3 weakness at that point. If Bitcoin can break above these current levels then that Q3 weakness might just come back down to
• 17:30 - 18:00 prior resistance, right? Maybe we turn prior resistance into support. Okay, but that's kind of what I'm thinking like at the current time with regards to Bitcoin. And I cannot stress enough that I don't think you should base your invest investing strategy on, you know, Bitcoin's potential golden cross dumps. Um, for me as sort of a long-term investor, you know, this is a process, right? And and if Bitcoin comes
• 18:00 - 18:30 back down and then comes back up and still can't break out by Q3, then I would argue, all right, the writing's on the wall. It's likely going to come back down. But I think there's time, right? There's time. And you could wonder like, well, what would the narrative be for a d-risking process in the third quarter of the year? Again, we're not there yet, right? We're still in in May and I don't really think the market would even look towards that de-risking until about mid
• 18:30 - 19:00 to late June. Okay. What would cause it? Um I think one of the things that could cause it a couple of things, right? But one of the things is, you know, could just simply be the rising long end of the yield curve, right? The long end of the yield curve, the 10-year yield is now up to 4.6%. Um, and I think at this point we're likely going to see it hit 5% before too long. And if this if the 10-year yield keeps going up, I I think it will
• 19:00 - 19:30 continue to be a drag on on risk assets, right? The 10-year yield, in fact, right, it actually was getting a a pretty nice drop, but you can see that it ended up bottoming out right here on this trend line and then it bounced back up. And so I think the argument is that if stocks are back near their all-time highs and if Bitcoin has already put in a new all-time high, then why can't the long end of the yield curve continue to go back up? Remember, the long end of the yield
• 19:30 - 20:00 curve will only really durably go down if we get a larger recession, right? But if risk assets are just screaming higher, then that's not really suggest suggestive of that. And so if risk assets are doing okay, then there's a good chance the long end of the yield curve will continue uh you know to to generally trend higher. The other thing that you know could weigh on Bitcoin is the S&P 500, right? Like the S&P has not
• 20:00 - 20:30 put in a new all-time high yet. It doesn't mean it won't, but it just it hasn't yet. And this the S&P I kind of expect some weakness in the third quarter as well. So, I think in the short term when you look at at days like today and you see Bitcoin at new cycle highs, it's just sort of this like affirmation of why we spend so much time talking about Bitcoin dominance and and how do you get exposure to the upside? How do you minimize your downside risk? Just
• 20:30 - 21:00 because we talk about Bitcoin dominance and it it doesn't mean that Bitcoin can't go down, right? It's gone down plenty of times, right? It's gone down plenty of times. It just means that if Bitcoin's going down, most everything else is probably going down more, right? And so that's kind of the the still the argument I would argue is that, you know, Bitcoin will likely continue to outperform most everything else. And if you look closely at
• 21:00 - 21:30 2023 and 2024 in these consolidation phases where you know in 2023 Bitcoin did put a new all-time highs or sorry new cycle highs but during those periods Bitcoin dominance was going up. Okay, Bitcoin dominance was going up even though Bitcoin USD wasn't really making a major move in either direction. Bitcoin was going up uh or sorry, Bitcoin dominance was going up in in those cases. So, I'm going to continue to stick with that
• 21:30 - 22:00 story. It's done a pretty good job so far. If Bitcoin breaks out and goes to even higher prices, maybe maybe if it can break out above 110K, then I would guess you're going to see dominance continue to go higher. If it plays out like say 2023 or 2024 where it just kind of fades back down into the third quarter of the year and then we try again in Q4, then you're still likely going to see Bitcoin dominance go higher. So I I would still argue that Bitcoin does give you exposure to the upside while minimizing
• 22:00 - 22:30 um the downside risk, right? But anyways, again, any day that that Bitcoin puts in a new all-time high, I think is is cause for celebration. We are going to have a golden cross in a couple of days. Um, I'm not going to act deterministically about it, but just know that more often than not, there are 10 to 15% drops at the very least after golden crosses. Uh, which sounds crazy, right? Sounds really bad, but then you realize that a 10% drop just gets
• 22:30 - 23:00 Bitcoin to where it was two weeks ago, you know? Um, even a 15% drop, right, would just get Bitcoin back to where it was still about two weeks ago, like just earlier this month. Um, so it's not even doesn't really seem like that crazy of an idea. And if it were to get that drop, I think you would actually get a nice bounce off of it and maybe even see Bitcoin come back up and and try to break out again. And hopefully it'll be successful. If it's not if it's not successful, if Bitcoin's not able to break out durably after like four weeks,
• 23:00 - 23:30 you know, if it if it's just kind of doing what it did in 2023, then it might be time to prepare for sort of weakness in in the third quarter, but that's still a little ways off. Anyways, those are my views right now on the market. Bitcoin did put an all-time high. Let's celebrate that and we'll see. We'll see if the the drop after the death cross actually materializes or not. If it does, then we'll talk about, you know, how how to navigate that. If you guys like the content, make sure you subscribe to the channel, give the video
• 23:30 - 24:00 a thumbs up, and again, check out the sale on Into the Cryptoverse Premium at into the cryptoverse.com. I'll see you guys next time. Bye.