[00:00] Let's look at the technicals for what's going on with Bitcoin. So on a TA basis, if you will, we are working on confirming our breakout of a longer term uptrend line that has been a resistance
[00:18] line. Now, I know it looks like there are a lot of lines here, but if you look all the way back to where this line started in 2021, we had a peak of Bitcoin here in 2021. We had another peak over here in 2022. We had another peak right here in 2014, another peak more recently in May,
[00:35] and then now we're kind of popping out again. Now, I suppose this May peak was more of a localized rejection rather than a peak, I should say. But historically, we had these three peaks here, and then obviously we fell below that. Then in May, that line, this sort of uptrend line,
[00:50] became a rejection point. Now we might prove that it is a new support for Bitcoin. This is where we sit right here. This is that rejection of that longer term trend line. Here is where we might
[01:04] be testing support within the coming days on Bitcoin, which actually would be very bullish for Bitcoin. And there's a practical way this could play out, for example, and you know, this is just an example of how this could play out. You could have fear that there's no Iran deal over the
[01:20] next week, you know, maybe the next two weeks, we don't hear anything. People get nervous. We go into earnings season. Bitcoin goes back to about $82,000. Then maybe we get in a wrong deal or who knows whatever happens. Earnings are great. Who knows whatever it is. As long as we don't go much
[01:36] past this or ideally not past this at all, we bounce off of this line on a technical basis, confirming this breakout here on this line that has been here for five years, confirming this
[01:49] breakout, in my opinion, drives us back to the legendary 102,000 line for Bitcoin and potentially up from there.