today's video, we are going to be talking about the major rally the Bitcoin has witnessed over the last few days. You see, a lot of people believe the Bitcoin is about to enter into a bull market, but is that the case? In today's video, we're going to be taking a look at this chart and why I think the Bitcoin might be getting a little bit overextended. Now, I don't want to rain on everyone's parade. I do believe, as I've always said, the Bitcoin is a phenomenal asset, and I have been heavily invested in Bitcoin for almost a decade. But what I cannot deny is the fact that Bitcoin is coming up on some very important levels of resistance. If you have not already, I would highly encourage you to watch our video that we dropped on Monday, where we talked about the convergent resistance that is arising right in front of Bitcoin. We have, for example, the 200 daily simple moving average, which is right above our head. We also have the 0.618 Fibonacci retracement sitting here at 63,000. We also have the top of the same futures gap sitting here at 83,000, sorry, not 63,000, 83,000. So a lot of these levels of resistance are coming together and converging in a way that could cause a correction on Bitcoin. So today, let's talk about whether or not that's going to happen and what the next couple of weeks look like. All right. So, as you know, I am deeply concerned that Bitcoin is going to hit this level at around $84,000 sometime this week that is going to fill in the semi futures gap, and then it's probably going to fall over. We've talked extensively about how it is extremely likely that Bitcoin is going to rally to 84K. And if Bitcoin does rally to 84K, then that will remove, unfortunately, one of the major bullish catalysts for Bitcoin right now. You see, right now there is a huge amount of interest in AI and all the bottlenecks that exist in artificial intelligence. And I actually have data to prove that. Yesterday on our new channel, I uploaded a video talking about micron, the next Nvidia. And this video has gotten over 40,000 views in less than 24 hours. It's taken our new channel from 1,500 subscribers to 4,000 subscribers in a day. And that's because the entire market is looking at AI right now. And they're not paying attention to Bitcoin. And the reason that that's important is twofold. Number one, it is bearish for Bitcoin, but number two, it's actually bullish for Bitcoin in the long run. So let me explain. You see, Bitcoin is being negatively affected by the AI run right now because everybody is interested in picking the next bottleneck on artificial intelligence. They're not interested in buying Bitcoin on the dip. And what that means is that there is a dearth of retail investment into Bitcoin because that investment is being put somewhere else where people believe that they're going to get better returns. And this is causing the rallies on Bitcoin to be comparatively weak, but as that continues to happen, Bitcoin's market capitalization continues to get smaller as compared to all of these other companies and eventually capital as it always does will rotate back into Bitcoin because Bitcoin is no less of a fantastic asset than it was before the AI run. And it's sitting at $1.63 trillion in market capitalization while you have big names like Nvidia sitting at $5 trillion, Meta, Microsoft, add in all of these other names, SK Heinex, Samsung, Micron, TSMC, you add all of them together, you're looking at $15 trillion worth of market capitalization. So it just does not make sense and it is just not fair that Bitcoin is only trading at $1.63 trillion. And so that's our overall thesis for the next couple of years is that Bitcoin is going to end up having this massive monetary rotation where people are going to see that Bitcoin is undervalued. And once the market is confident that the bear market is over, you're going to see a massive rotation into Bitcoin and you are going to have a violent repricing on Bitcoin as a result of its limited supply up to $200, $300, $400, $500,000. The next massive bull market on Bitcoin genuinely is right around the corner. But the question that most investors are asking is, is the bear market over? Are those Bitcoin like returns back and once they are back, that's when people are going to start aping into Bitcoin? We know that there's a lot of money out there that's getting invested. We've talked about the hundreds of billions of dollars of investment that are happening every single week into AI and data center and photonics plays. But right now, those flows are not coming into Bitcoin at the same clip because the four year having cycle tells us that the bear market should be over in a few months. And so when that bear market finally does conclude, if Bitcoin does break above 84, if we do break above the 200 daily simple moving average. If we do get that bullish confirmation in the next couple of weeks, you can expect massive flows. Bitcoin to moonshot above $100K, above $130K, up to $152K very rapidly. But all of that money is on the other side of this resistance. And so until this resistance gets broken, we're not going to see those flows. So if Bitcoin does not actually break out here, then the most likely scenario is for it to drop back down even lower towards $50,000. But here's the play. If Bitcoin does reject here, this is your greatest gift in disguise. This is a gift because what it means is that Bitcoin will end up having a major capitulation and you will get a generational entry on Bitcoin. Anything below $80,000 is a generational entry on Bitcoin. There is absolutely no reason whatsoever that Bitcoin should not be trading at 10 or 20
{# E23 (Nick, ruling section 1 answer 10): quoting a bill or a court opinion works
the way quoting a news article works. Select a passage above and the same panel
opens: the passage goes to the official you choose, with this document's own
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