This #1 Bitcoin Chart PREDICTS What’s Next For Crypto AFTER $100k

Summary

In this video, the speaker discusses Bitcoin's potential to surpass $100,000 and explores whether this is the beginning of a rally or too late to buy. The analysis touches on political and regulatory changes, especially with Trump’s leadership and prominent Bitcoin backers. Technical indicators like the Puel Multiple and MVRV Z-score suggest Bitcoin is still in the middle of its bull run, with miners showing less incentive to sell. The SEC chair's departure is seen as a positive sign for clearer regulations, and the speaker advises keeping an eye on market data to stay informed as Bitcoin’s journey unfolds.

Takeaways

• 😀 Bitcoin is on the brink of surpassing $100,000, raising questions about whether it's too late to buy.
• 😀 The shift in political and regulatory climate, particularly with Trump’s cabinet showing support for Bitcoin, signals a positive future for crypto.
• 😀 SEC Chair Gary Gensler's departure in 2025 is seen as a major relief for the crypto industry, potentially leading to clearer regulations.
• 😀 Bitcoin's miners, as seen through the Puel multiple, are currently holding onto their Bitcoin, indicating a bullish market.
• 😀 The Puel multiple tracks miners' income relative to the yearly average, providing a strong indicator of market trends.
• 😀 Bitcoin’s realized price, which reflects the average price at which Bitcoin last changed hands, is around $45,000, suggesting the market is not overly inflated.
• 😀 The MV RV Zcore compares Bitcoin’s market value to its realized value, helping determine if Bitcoin is overvalued or undervalued.
• 😀 Market psychology plays a key role in Bitcoin's price, with investors more likely to sell when in profit and buy when facing losses.
• 😀 We are currently in the middle of the Bitcoin market cycle, with neither extreme highs nor lows, signaling continued upward potential.
• 😀 Bitcoin's price discovery phase is ongoing, with room for further gains before any significant downturn.
• 😀 Monitoring on-chain data, such as the Puel multiple and MV RV Zcore, is crucial for making informed investment decisions in the crypto space.

Q & A

What is the current price level Bitcoin is nearing?

Bitcoin is on the verge of breaking $100,000 per coin for the first time in history.

Is it too late to buy Bitcoin given its high price?

Based on the on-chain data and market cycle analysis, we are not at the top of the market yet, so it's not too late to buy. Bitcoin is in the middle of its current market cycle.

How have political changes influenced Bitcoin's market?

The election of Donald Trump led to a paradigm shift, with many key figures in the government, such as Treasury Secretary and Commerce Secretary, becoming strong Bitcoin supporters. This shift has created a more favorable environment for Bitcoin.

What is the Puel Multiple, and how does it relate to Bitcoin price predictions?

The Puel Multiple tracks Bitcoin miner profitability by comparing the daily issuance value of mined Bitcoin to the 365-day moving average. High Puel Multiple values indicate that miners are more likely to sell, which could increase the liquid supply and affect Bitcoin’s price.

What does the Puel Multiple suggest about Bitcoin miners’ behavior?

Currently, the Puel Multiple suggests that Bitcoin miners have a balanced approach—they’re not overly incentivized to sell or to hold. This typically happens in the middle of a market cycle, indicating that the market still has room for growth.

What is the significance of Bitcoin’s realized price?

Bitcoin's realized price is the average price at which all coins in circulation last changed hands. It’s often seen as a more accurate valuation of Bitcoin’s true worth compared to its market price.

What does the MVRV Z-score indicate about Bitcoin’s market position?

The MVRV Z-score compares Bitcoin's current market value to its realized value, providing insight into whether Bitcoin is overvalued or undervalued. A high MVRV Z-score suggests that Bitcoin might be near its top, while a low score suggests it may be undervalued.

Why is the MVRV Z-score important for predicting market cycles?

The MVRV Z-score is important because it helps identify psychological market extremes. When the score is high, investors are likely to start selling, which could signal the market is nearing a top. Conversely, when it’s low, the market could be near a bottom, encouraging buying.

What role does market psychology play in Bitcoin's price movements?

Market psychology significantly impacts Bitcoin’s price movements. Investors tend to sell when they see substantial profits, and they hold during periods of loss. These behaviors contribute to cyclical price changes, with periods of strong profit-taking often signaling the end of an uptrend.

What are the main takeaways from the Bitcoin market analysis presented in the video?

The analysis suggests that Bitcoin is not at its peak yet, with on-chain metrics like the Puel Multiple and MVRV Z-score indicating that we are in the middle of the current market cycle. Bitcoin’s support from political figures and the market's overall strength suggest continued growth potential.