Bitcoin Bull Market STARTING SOON?! Realistic Bull Market CONFIRMATION AROUND TH [5:02-10:06]

If Bitcoin rallies up to 84, it runs into a massive wall of VRVP resistance because up here is where all of this trading took place and it'll all be right over our head. So this is a little bit like a rocket ship taking off. And right as it's running out of fuel, it hits a ceiling and that ceiling is quadruple strong. It's got four different resistances all at the same exact level. Right as you're running out of steam, that does not set up a breakout for me. Instead that more so explains why on most of these charts I'm seeing volume dwindle. I'm seeing volume dwindle here on Coinbase. I'm seeing volume dwindle, especially here on Bitstamp for example, you've seen volume evaporate on Binance. Where is it? You would expect it if we were about to go into a bull market, there'd be a lot more of it. And then on top of that, that's kind of our fourth piece of evidence. I'll give you a bonus one for the fifth. If you draw a one, two, three, four, five structure for our bear market thus far, what you will find is that Bitcoin going above 85,000 invalidates a one, two, three, four, five, which means that everybody who's trading this Elliottway formation is going to have their exit for long trades, or in the other hand, their entrance for short trades sitting right here between 83 and a half and 85,000 dollars because that's where they anticipate that the five wave is going to start, which will once again lead to people opening up shorts right up here as you fill the same futures gap. This is literally the setup for the perfect short trade that if it rallies $2,000 higher, okay, fine, you close the short trade, whatever you lost 10%. If it runs, it runs and it runs hard. And so this is not me saying that Bitcoin cannot go into a bull market because it can. What I'm saying is that I need to see Bitcoin do this. I need to see Bitcoin break above 85,000. I need to see it break above with confidence, the 200 daily simple moving average, which currently sits right here at about 83.5. I need to see Bitcoin breaking the underside of this support, which currently it's at about 85,000. I need to see Bitcoin breaking through the 0.618. I need to see Bitcoin not only filling the same futures gap, but actually managing to keep running after it filled the same futures gap because right now, there's a lot of convergent resistance and it's all at 83. And so here's what I anticipate is going to happen. I am extremely confident, like wildly confident that Bitcoin's going to hit 83 to 84K this month. Sorry, this week, actually, but here's my concern. What happens if Bitcoin rejects? Not only if Bitcoin rejects, but what if it doesn't hold 80 and it keeps falling? Then what if it doesn't hold 75 and it keeps falling? If Bitcoin manages to reject here and eventually falls below the 20 daily EMA, that's where I'd look at Bitcoin going back down to $60,000 or lower. If Bitcoin rallies up to 83 to 84, rejects, falls back down and hits the 20 daily exponential moving average and bounces, then this point time is exactly where I will call a bull market later on this month. If Bitcoin does not manage to break through 85 or retrace and then break through 85, if one of those scenarios doesn't play out and we start breaking below critical support over the next few weeks, instead of breaking through this resistance, that's where we have to say, nope, this was not a bull market entry instead. This was a relief rallying and a bull trap. And so here's the purpose of this video. It's not to shake you out of your Bitcoin. It's not to get you to run for the hills and sell all your Bitcoin. It's to get you to understand that Bitcoin is very close to a bull market confirmation, but it hasn't done it yet. So let's not act like it has because it has not, Bitcoin has not confirmed a bull market. It has not proven it. It's exciting, emotionally, I'm excited about this rally. It's exciting to see Bitcoin back above ADK. It's exciting to see the enthusiasm in the space, but logic dictates that our technicals and our fundamentals have to confirm a bull market and they have not done that yet. And until they do, we must remain on the side that is in power and right now the side that is in power is still the bears. This is still a relief rally until proven otherwise. And so for me, if Bitcoin is able to break through 85 with confidence, then I will hang my hat up as a bear, which I really am looking forward to doing, because I don't like being a Bitcoin bear. It's not natural for me. I've been a bull on Bitcoin since $3,000 and I will say I am once again a short to medium term bull, which aligns with my always present long term bullish bias. I believe the Bitcoin is going to go into a rally and I believe it's going to go into a very aggressive bull market rallying at some point this year, but the question right now is, is that going to start in May by breaking through 85 in the next few weeks? Or is this rally going to fail Bitcoin drops back down to 50 and then sometime in the next couple of months bottoms out and then you see a Bitcoin bull market confirm probably in like August or September. That's what I'm expecting to take place. One of those two scenarios, either in the next two weeks or then the next three to four months, you see a bull market confirmation, bear market ends, and we end up going to the moon. I do believe the Bitcoin is going to rally very aggressively up to like $200,000 just in the opening act and then I think you're going to see 300 possibly even significantly higher in this bull market. So take aways, make sure that you're building your position now because the next several