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welcome back everyone Mariah monetise
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here and in today's video we're going to
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be going over the price of Bitcoin I'm
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going to be saying whether I think
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$50,000 is more likely or
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$100,000 first so in my previous video 3
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weeks ago I told you that I was dumping
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every last dollar into Bitcoin so did I
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stay true to my word did my bank shut me
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down well surprisingly bco popular did
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not shut me down but they are known for
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just random
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cutting people's accounts especially
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when they're involved in some sort of
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crypto so I transferred money from my
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bank of popular business account into my
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coinbase and I was good no issues
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surprised glad and happy but you never
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know when they change their mind and
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they go ahead and shut it down but so
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far so good so after that video I put my
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money where my mouth is and I bought
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Bitcoin I bought Bitcoin at
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66,000 uh about 66,000
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uh
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966 th000 yeah right there in that range
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so I bought and I bought and I bought
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right there on March 24th I'm not going
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to show my screen because I do not want
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to dox myself so um then I started so I
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bought it about 668 and then I started
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selling at about
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688 and that is because I needed to sell
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off some Bitcoin for a business
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transaction if it was my choice I would
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have held but I needed needed to exit a
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business relationship and so I sold some
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of my Bitcoin to an order to do that so
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um I went ahead and sold off some
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Bitcoin and I sold the least amount that
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I possibly needed to and then I started
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buying back I bought Bitcoin back at
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about 67
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66,000
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62 um oh that was in the beginning of
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April and then yesterday I started
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buying more Bitcoin so basically at this
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point I am pretty cash poor I would say
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I am kind of just anytime I have more
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money to spend on bitcoin that's exactly
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what I'm doing
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so um let's see here so then I started
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buying back at about 62 on the 13th oh
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that was yesterday so yeah
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622 is where my order started filling
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yesterday um and so yeah that's
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basically where where I'm at I have
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continue to add to my Bitcoin position I
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am pretty cash poor and that's exactly
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how I like it I love to say that I'm
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cash for and then I have almost
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everything into Bitcoin so anytime I get
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more income it's just pretty much going
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right back into Bitcoin after all my
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bills and my rent is paid so let's go
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ahead and get over to the price of
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Bitcoin Bitcoin is currently sixing
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sitting at $
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6456 on this sunny Sunday afternoon well
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I hope it's sunny Where You Are but
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yesterday we saw something pretty
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dramatic on bitcoin we saw Bitcoin drop
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pretty darn good down to
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60,000 uh let's see the low of this
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candle 60,000
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822 and so let's go ahead and quickly
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zoom out actually Bitcoin had a double
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bottom uh the Double bottom was here on
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March 20th Bitcoin had a low of
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6,771 so just off by $100 or so what you
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could see here double bottom and so
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Bitcoin did bounce off of that that low
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bitcoin's up over $4,000 since then and
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so what is next for
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Bitcoin so I would have liked to see a
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very sharp recovery on bitcoin it's
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still sitting at 64 but I really do not
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like how Bitcoin has behaved off of this
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low here so it's just ranging here uh as
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you can see over the last few hours
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right in between like 6 6 48 and 638 you
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know like not really tradable in this
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zone right here but yesterday on the 5
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minute chart um what I was looking at
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was it looks like in my opinion that
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Bitcoin was going to break more bearish
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I kind of saw it flagging out here um
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and it was just ranging but then it
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broke very nicely up above but then it
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came back here and it hit the top of
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that range let me just draw out the
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range that I'm talking about about so
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you can have a better idea here this was
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what I drew out I had on my chart
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earlier but I just erased it because it
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was kind of old news but I drew out
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this
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and that was when Bitcoin was like here
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and then it hit the top of the range and
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then it broke above the range and then
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as you can see it came back and
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retested and even dipped back into that
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range but I thought it was going to
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break more bearish but it has bumped up
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and stayed a bit in that range so what
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is next for Bitcoin is $50,000 more
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likely or $100,000 more likely this is
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what I'm seeing um obviously Bitcoin has
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bounced off of that double
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bottom um I'm not like super confident
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of the way in which it has bounced um
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I'm not like overly excited about it but
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what's possible
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so like I said Bitcoin has double
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bottomed and then what's next I would
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say if Bitcoin breaks above excuse me
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breaks below right
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here Bitcoin breaks below the low of
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this candle which is 59,0
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224 there's really not much left down
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into the $50,000 range so if Bitcoin
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breaks below that level right there that
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59 224 range Bitcoin breaks below
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59,000 ah 50 is just looking quite
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likely um and you know Bitcoin has
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broken below this moving average it's
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closed below it as you can see here if
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you want to put these on your chart the
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blue
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um right there is the 48 and then we
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have the
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200 and then you know also too if
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Bitcoin kind of drops down to that
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$50,000 range it's going to meet up
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right there with that 200 moving average
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so man a whole heck of a lot of we
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weakness and I don't know the chart
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looks really rather weak to me I don't
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really like what it's doing here I mean
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tomorrow is going to be very very
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telling especially around when the
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Market opens um it seems like you know
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Bitcoin has had quite a bit of
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volatility around 9:30 10: a.m. when the
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Market opens so I would like to see how
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Bitcoin behaves tomorrow morning before
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I would like make any major decisions
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but am I selling at this point point I
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am not convinced enough to
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sell
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um I would only consider if we broke
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below
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59,000 I may sell off just one Bitcoin
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to buy it back at 50 but it really
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doesn't seem super worth it um we do
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know that so the previous Market cycle
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Bitcoin pulled back Bitcoin topped 4
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days prior to the
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having um and then it started pulling
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back going into the day of the day of
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the having um I'll just show you what
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I'm talking
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about so let's go back the year was
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2020 and Bitcoin was
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having this right here is the daily
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chart and you could see right here this
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was the 11th May 11 the day that Bitcoin
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had the having and then you could see
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that it topped at $10,000 on the 7th and
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then the low of the day on the Bitcoin
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having was
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$8,100 so a pretty significant pullback
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on bitcoin there um we were kind of in I
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was anticipating a big pump like this
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right here into the having but to be
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honest with you um we might see even
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more of a pullback into the having and
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that what could take us down you know
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like the days around the having are
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really not very bullish but I would say
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there're great buying opportunities so
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let's say the scenario is
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is
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um what's today today's the 14th I
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believe the Bitcoin having is supposed
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to happen on the 20th but let's see here
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um and it's always changing right it's
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just basically um an approximation but I
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believe as we get closer then yeah so
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we're still looking at 420 of course of
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course Bitcoin having is on 420 we're
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still looking at 420
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um as the day for Bitcoin to start
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having and
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so wow H that actually really makes me
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think we're kind of actually closer than
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I was realizing if I'm being honest with
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you I'm just having a hard time
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grasping the concept of time these days
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but um let's go fast forward I mean I
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would say that Bitcoin like this could
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be a buying opportunity this next
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upcoming week could be a massive buying
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opportunity
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I think it is possible that we see a
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even larger pullback in Bitcoin maybe it
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takes us down to the $50,000 range but I
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don't think I really would be wanting to
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sell unless we break below
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$59,000 and then I look to buy back at
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50 but you know we're currently sitting
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at 64 I mean if if I'm so convinced it's
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going to 50 but I'm not necessarily I'm
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way more convinced that it's going to 50
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if it break breaks below
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$59,000 and so you would be like well
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why wouldn't you sell now because I'm
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really not as convinced I mean we can
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sure look back at the history of Bitcoin
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but it doesn't mean it's going to behave
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exactly the same that it did the
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previous cycle and the fra fractals that
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I was kind of giving you those are those
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are not matching up those are not really
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in the
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question either and so um yeah that's
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what I'm kind of seeing here let's go
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ahead and look at like smaller time
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frames here let's look at the 12h hour
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so the 12h hour you know we're just
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looking for now at this point for the
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trend to change and for Bitcoin to be
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making higher highs um it's not doing
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that on the 12h hour let's take a look
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at the 4 Hour no we're just making lower
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lows let's take a look at the hourly the
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hourly is just very sideways volume is
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um probably just significantly down at
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this point
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but I would say that I mean we have
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already seen quite a bit of um we've
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seen quite a bit of weakness I feel like
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in the stock market and so maybe this is
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like
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signs of just a larger pullback um and
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so the hourly Bitcoin is just really not
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giving us much but I would anticipate
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that tomorrow will be a very um telling
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day and just yeah I mean like who wants
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to trade this this right here is like
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untradeable and I'm not really
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anticipating much volume to hear today
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on the Sunday but I expect the volume to
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pick back up tomorrow uh it's on a
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holiday yeah we're good
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so um yeah like when we take a look here
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at spy on the daily chart like we've
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seen you know a pretty big pullback here
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on Spy pretty significant let's see
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percentage wise where we're
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at
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um let's see so we
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are looking at about a 3% pullback on
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spy which I mean when you look at the
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past several months it's just been you
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know straight up from like 42 12 all the
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way up to about 520 and so this is like
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the biggest pullback since over here in
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October let's see what that percentage
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pullback
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was so let's see so that was more of
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like over over 6% pullback and then as
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you can see we've had a massive run
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after that
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so maybe we see more of a draw
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down and in all markets but I don't know
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I really wouldn't be wanting to make any
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big decisions yet I wouldn't even really
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want I I wouldn't want to be buying
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Bitcoin here either I would want some
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more Direction and more clarity on
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bitcoin before even adding to my
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position at this point but if you're
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dollar cost averaging that's a
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completely different situation so those
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are my current thoughts on bitcoin I
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don't think $100,000 is likely uh before
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the which is five less than 5 and a half
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days away I do not think that's very
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likely um in the next month I think that
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well I think in the next week is
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something more likely to take a look at
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um I'm just going to be very very
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focused on that $59,000 level on bitcoin
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and if it breaks below it um for me that
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will be the only point that I may
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consider making a move which should be
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likely selling if it breaks below
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and um looking to purchase in the 50
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I'll probably put my buy orders at 52
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just in case Bitcoin doesn't make it
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down all the way to 50 and that's pretty
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much it but um also depends on the time
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of day that it happens you know if it
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breaks below 59 and it just flushes all
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the way down to 50 and I'm in the middle
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of a very busy workday renting scooters
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I might not catch it if it happens while
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I'm sleeping I might not catch it um and
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so that's just kind of the way it goes
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um it would be a position that I would
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want to manage while I am awake and um
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not distracted doing other things so
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that's pretty much it kind of boring um
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I have a link down below if you want to
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add the fold app the full app is a good
00:14:15
all time you get to spin every day and
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you get free Satoshi and it is always a
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highlight to my day I have very few
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notifications on any of my apps but
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basically you get a little Spin and then
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you get a little spin of the wheel and
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you get some free Satoshi and then you
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could also get to fold a credit card and
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then every time you make a purchase you
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get spins as well so that's a nice dope
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and mean hit and sometimes we just need
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a few more of those in our lives so I
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hope you enjoyed this video that's all
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that I have for you today as always go
00:14:42
out there and create a portfolio that
00:14:44
you love
