Bitcoin BACK from the DEAD (MOST Bullish Outlook 2021)

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Button smash the like button. I told you guys earlier. If you smash the like button, maybe bitcoin would go up and what's happening it's, going up that's right guys, bitcoin has hit uh. Let me just start with this: okay, we're gonna be talking about what is going on bitcoin right now, but i do have to get myself a pat on the back uh.

What have i told you guys for two months for two months? I have told you guys the bottom is 47k. I do not believe it will ever go below 47. 000. Again now came on here earlier, a few hours ago, looking real sus, as the kids say, uh coming on here at 47 500 telling you guys, i didn't think it would go below it literally.

I think, within a few minutes of uh me. Send down to make that video either before or after it plunged on by bit now look you have to understand. Every change is gonna be a little bit different, but on by bit, bitcoin plunged to 47 comma zero zero zero exactly 47k was i nervous.

Yes, i was very nervous um, but the fact is and look guys i mean the fact is: bitcoin has broken out and it looks like we are now we're around the 52 000 level. We plunged straight past 51, 000 took out a nice little flyer.

On a long. I told you guys that i was longing uh bitcoin, i only long in the bull market, no matter how crazy the price action gets. I try to look for those low positions. I made about 12k, no, i guess yeah about 12k 13k somewhere around there on the trade.

It was a very positive trade if you'd like to try buy bait. Of course, you guys can head on over to buy bit uh biblical.com slash, buy bit sign up down there. Um and you know, take your hand into trading, see how you do start small don't go all in, but the fact is.

I was feeling very nervous, but my long paid off i was in from 48 000.. I didn't, get the very bottom at 47, 000. um. I said it take profit and i cashed out on the trade, but i'm feeling. Pretty good about where bitcoin is heading to right now, um, what caused this? Well, we don't really know yet it's happening right now, pretty much as we speak.

So i don't really have the fundamental analysis. I can usually bring you on why it's happening other than the fact that i've, already told you guys before there were so many buy orders at forty seven thousand dollars big institutional corporate money.

These are not random joe schmoes. On the interwebs uh looking to uh make money, these are big, big big dollars. Look guys it's obvious. The the institutional corporate money is taking over this market right now.

It is not the top of the market, they can only shake you out in small doses, but over the long term, over the rest of this bull run, they're, not going to be able to shake us out now. There will be some certain shaking after it peaks after it hits 300k or so.

There will of course, be some shaking out people selling, probably taking yeah yadda yadda same thing. We saw in 2017 and 18., but the fact is right now from a technical perspective. You know right now, if you i watch carl's video earlier today, i watch carl's, video from the moon.

You guys know he comes on the channel once a week. I love carly's, great dude um, and he was talking about how uh you know he gives both sides of the mark. You know he can go up or he can go down, but what he was saying was: is that a lot of youtubers get on here and you know we constantly give the moonish scenario.

If you will well that's, because i believe in the moonish scenario i don't look short-term. I'm, not looking to sell at any point when the price is going down. Why? Because we're, not at the top of the market, so i'm, always looking for what is going on to push bitcoin further, and what we saw today today is that the the volume at the 47 000 price point it's, all bullish, it's; only people thinking the price is going up.

We looked at that glass in a story two months ago that talked about this. It's, not a coincidence. We bounce right off of it. The technical say and carl said he even added more to his position. I think about forty eight thousand dollars.

In a short, the technical, save should be going down to 42 000, but we & # 39. Ve got something fundamental on chain fundamental in the trading volume. On around the 47 000 range, and so despite the fact that everything was looking bearish, i told you that 47k was the bottom and it was gonna bounce right off of it.

And now was i confident, like i said earlier, maybe not as confident as i've been in some other predictions uh just i mean that's. The psychology of the market right is you're approaching is, is the market is approaching your number? You start to get a little nervous.

I will not tell you how many people i could not tell you possibly how many people in 2018 told me that if bitcoin goes to three thousand dollars, they are selling their kidneys. They're selling everything they have to go all in.

They're gonna you know, remor refinance their house, whatever pull money out, and you know what happens it got down to three thousand dollars and and do you know how many of those people did that virtually none? Why? Because the feeling of a three thousand dollar bitcoin is different when it's around three thousand than it is when it's around twelve thousand, because you say, oh, you know when the price drops like, i'm gon Na feel really good about you know going all in we start to lose confidence that's, the depression of a market cycle, so uh here's.

The thing guys i don't want to keep you guys too long tonight. I just want to pop up make this video bitcoin is back. We're breaking through resistance. We're around 52 000. I don't know how fast we're gonna head back up towards 60 65k plan b from uh stock to flow.

He said he thinks it'll, be three weeks until we get to 75k, so that's. A number i'm. Definitely watching. We should be bouncing back up above the average on the stock to flow chart. So a lot of bullish, stuff going on, we will be back to regular schedule, live streaming tomorrow.

Pre-Recorded, videos interviews the whole thing i know i've, been doing a lot of these phone record videos. I thought we'd. Do some more content from the conference we didn't really do it, but uh anyways.

It is all good. So i'm gonna see you guys back on the live stream tomorrow. Let me know what you think is happening for bitcoin right now, what's, your price prediction for the end of this week into this month, whatever the case may be, drop those down below be blessed good way out.