BITCOIN Price Predictions
Summary
TLDRThe speaker anticipates a potential breakout in Bitcoin before October, possibly in September, with a target of 90,000 to 105,000 USD. They discuss a short-term correction, emphasizing the need to break above 73 to turn bullish. Concerns are raised about the market's direction post-breakout, suggesting a possible top in early October, followed by a correction period. Gold is also mentioned as being on a similar cycle, hinting at a synchronized market movement. The speaker speculates on broader economic factors that could influence these assets, including potential European events driving a safe-haven rally.
Takeaways
- đ The speaker anticipates a potential breakout in Bitcoin, possibly in September or October, leading to a significant price increase.
- đŻ The target price for Bitcoin is revised upwards to around 90,000 to 105,000, suggesting a substantial spike in value.
- đïž The breakout is expected to occur before the end of October, aligning with the U.S. election timeline.
- â ïž The speaker warns of a short-term correction in the market and advises to watch for signals before becoming bullish again.
- đ To turn bullish in the short term, the market must convincingly pass through the 73 mark.
- đź There's a concern that after reaching the target, the market could see a top and enter a period of correction lasting a few months.
- đ€ The speaker speculates that if Bitcoin and gold are on the same cycle, they could both experience a hard downturn simultaneously.
- đ The speaker mentions the possibility of European events driving money to safer assets in the U.S., potentially impacting the dollar and stock market.
- đ The speaker has found that gold is on the same cycle as Bitcoin, which could lead to correlated market movements.
- đč The speaker plans to share this analysis on YouTube, despite potential negative comments, as a free sample of their analysis.
- đ The speaker provides the URLs for their sites, 'bull shift shft bull shift 2020.com' and 'future forecasting group.com', for further analysis on the U.S. dollar, gold, and silver.
Q & A
What is the speaker's current view on Bitcoin's potential movement in relation to the gold cycle?
-The speaker believes that Bitcoin and gold are now aligned on the same cycle, and there's a possibility of a breakout in Bitcoin before the end of October, which could also lead to a significant move in gold.
What is the speaker's prediction for Bitcoin's price target in the near term?
-The speaker predicts that Bitcoin's price target is closer to $90,000, potentially running up to $105,000, based on the current cycle.
What is the significance of November 1st in the speaker's analysis?
-November 1st is significant because, according to the speaker, any significant price movement or 'Big Spike' should be completed before this date, likely due to its proximity to the election.
What is the current short-term outlook for Bitcoin according to the speaker?
-The speaker is expecting a near-term correction for Bitcoin and advises that it needs to break through $73 before becoming bullish again in the short term.
What is the speaker's medium to long-term outlook for Bitcoin?
-Despite the short-term correction, the speaker remains bullish on Bitcoin in the medium to long term.
What is the speaker's expectation regarding the time frame for Bitcoin to reach the $73 level?
-The speaker expects that it might take three to four days before the end of August for Bitcoin to reach and challenge the $73 level.
What external factors might affect the speaker's predictions?
-External factors that could affect the predictions include any 'nasty' developments with clearing houses or banks, or other unforeseen events that could impact the financial markets.
What is the speaker's concern if Bitcoin breaks out and reaches the target price?
-The speaker is concerned that once the target price is reached, and if early sell signals are received, especially in the first week of October, it might indicate the end of the current bullish run for a few months.
What does the speaker suggest could happen to Bitcoin's price if the current cycle ends?
-The speaker suggests that if the cycle ends, Bitcoin could experience a significant correction, potentially falling back to the $60-$70 range.
How does the speaker believe gold will perform in relation to Bitcoin's movements?
-The speaker has found that gold is on the same cycle as Bitcoin and suggests that if Bitcoin breaks out, gold could follow suit, potentially leading to both assets coming down hard at the same time.
What additional market movements does the speaker anticipate in the latter part of the year?
-The speaker anticipates that if the stock market corrects and then starts to rise, it could participate along with the dollar in a rally later in September or October, possibly due to events in Europe driving money to safety.
Outlines
đ Bitcoin and Gold Cycle Prediction
The speaker anticipates a potential breakout in Bitcoin before the end of October, possibly in September, which could also trigger a significant move in Gold. The target for Bitcoin is estimated to be between 90,000 and 105,000, aligning with a big spike before the election on November 1st. The speaker is currently expecting a short-term correction in the market, with a need to break through 73 before bullish sentiment can return. The medium and long-term outlook remains bullish. The speaker also mentions concerns about a possible top in the market in early October, after which a correction could last for a few months, potentially revisiting the 60,000 to 70,000 range. Additionally, the speaker plans to share this analysis on YouTube, despite potential negative comments, and directs viewers to their websites for further analysis on the US dollar, gold, and silver.
Mindmap
Keywords
đĄBitcoin
đĄGold
đĄCycle
đĄBreakout
đĄCorrection
đĄTarget
đĄSignal
đĄOracle
đĄStock Market
đĄRally
đĄSafety
Highlights
The speaker believes that Bitcoin and gold are now aligned on the same cycle.
A potential breakout in Bitcoin is anticipated before the end of October.
The breakout could happen in September or early October, leading to a significant move in gold as well.
The target for Bitcoin is now closer to $90,000, with a potential run to $105,000.
The speaker suggests that the big spike should be completed before the election on November 1st.
A near-term correction is expected, and the market is currently in a short-term negative phase.
For the short term, the market needs to convincingly break through $73 before becoming bullish again.
The speaker predicts that the market will test the top in August, provided the stock market does not collapse.
If Bitcoin breaks out and closes convincingly above $73, the target is around $90,000 at least.
The speaker will be looking for a signal in October suggesting a top out for Bitcoin.
There is a concern that after reaching the target, the market may experience a correction for a few months.
The speaker mentions the possibility of Bitcoin and gold moving on the same cycle, affecting each other's performance.
If the stock market corrects and then rallies, it could participate in the dollar's rally later in the year.
The speaker speculates that events in Europe might drive money to safety in the US, affecting the market.
The speaker is providing a forecast based on chart analysis and the Oracle numbers.
The speaker acknowledges the risk of sharing this analysis on YouTube due to potential negative comments.
The speaker provides the URLs for his site and the private site for further analysis on the US dollar, gold, and silver.
Transcripts
I found out today we are now lined up on
the same cycle with
gold so here's what I think may
happen there's a chance that if we do
break out in Bitcoin it's got It's got
to happen before the end of October so
I'm thinking it could happen breakout in
September sometime and maybe even into
October but if we get that break out I
think it'll be also a bit of a big move
in Gold but if we get it and we get to
our Target which now by the way on
bitcoin is closer to 90,000 from 85 and
it runs as potentially to 105 so this is
the Big Spike and this has to be you see
the date here November 1st which means
it's got to be finished right before the
election so let me ask you this okay so
you're expecting a near-term correction
here and that's what I'm going to get
back right now we're in this correction
we got to get through 73 before you can
get bullish again shortterm were
negative medium and longterm were
bullish but for it to get to 73 it's
going to give you some
Flags before it go exactly you got it's
not gonna just rock it up there in two
days probably no no it's not going to do
in two days no no this is three days or
four days I'm thinking before the end of
August we probably will be up banging on
this door unless something really nasty
goes down with what's happening with the
y or or the we talked about the um uh
Clearing Houses or the bank something
like that weird but we got to get
through 7273 I think we'll be
challenging it this month and then we
could get a couple of months run but if
we do here's here's my concern let's say
oh things are great start to get a
breakout on bitcoin 73 it closes above
there goal is going well we're up to 25
26 yeah I feel dick like once we get the
cell signal that we reached our targets
not by the number but by the
signals I'm getting because it could be
the first week in October that we start
getting early cell signals I think it's
over for a
while really yeah I think possibly that
may be the top for a few
months so if it follow that's news Okay
Mar I'm gonna steal a clip of this and
put it on YouTube so I know you hate
being on YouTube and idiots will put all
kinds of stupid comments in but I don't
mind anymore because it's the same
idiots that I don't know why but they're
so I'm G put that that's
your yeah a free sample Marty's site is
bull shift shft bull shift 2020.com and
of course our private site is future
forecasting group.com and you can hear
that the full analysis of US dollar gold
and silver okay so that's okay so let me
just clarify one more time so there's no
misunderstanding
uh we we are in a short-term correction
bare Market um to get bullish on my
cycle which runs until the end of
October uh we have to get through
convincingly through the 73 and I think
this a chance we'll test the top in
August providing the stock market
doesn't go completely into the
okay um at that point if we break out
and we can get convincingly above 73 and
close up there I think we're on our way
to our Target up around the 90,000 at
least and if that happens and we cycle
into October I will be looking for a
signal suggesting that we are going to
top out whether it's 90 95 wherever but
the signal will come and at that point I
think we're in for a couple of months of
Correction I think that will be the end
of that run for the short term I don't
know how long we're going to be down
once it's down it could go all the way
back to 6070 again so that's where I
think we're going and gold will probably
follow it but gold I just found it today
when I ran the Oracle numbers that it's
on the same cycle so if this happens
that we break out in Bitcoin and gold
starts to move we could actually end up
on the same cycle so that they both come
down hard at the same time and one more
thing if the stock market gets this
correction this week that we're
expecting and starts back up it could
actually participate along with the the
dollar in this rally later in September
or October those are all things that are
suggesting something could be happening
more in Europe that's going to send
money uh to safety across the sea over
here so hey guys this is just what I uh
surmised from what my chart says what
the charts say this weekend so it's
that's a mouthful it's a lot and I'm
sticking my neck out here but there's a
chance this may unfold that way okay
[Music]
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