--- title: 'Bitcoin Reversal? Top BTC Forecast, Crypto Market Analysis, and Best Entry Points!' source: 'https://youtube.com/watch?v=TwTRcisDuOI' video_id: 'TwTRcisDuOI' date: 2026-07-23 duration_sec: 1018 channel: 'ProMarket | Полунин Олег' --- # Bitcoin Reversal? Top BTC Forecast, Crypto Market Analysis, and Best Entry Points! > Source: [Bitcoin Reversal? Top BTC Forecast, Crypto Market Analysis, and Best Entry Points!](https://youtube.com/watch?v=TwTRcisDuOI) ## Summary In this market review, the analyst presents a bullish short-term outlook for Bitcoin despite the prevailing bearish trend. He outlines specific technical conditions for a local reversal, including wave structure completion, bullish divergence, and volume analysis, and shares his plan to buy Bitcoin around $60,000. ### Key Points - **Market Review Introduction** [00:03] — The analyst introduces his July 2nd market review, noting he has been sharing his opinion in text format on his cart (linked in description). - **Bullish Short-Term Outlook** [00:44] — Despite the overall bearish trend, the analyst is bullish locally and lists conditions for local growth. - **Risk Reminder** [01:12] — He reminds viewers of his right to make mistakes and warns against over-leveraging, advising not to open large positions. - **Contrarian View on Bitcoin Price** [02:21] — Many expect Bitcoin to drop to $40,000-$45,000, but the analyst finds this consensus scary and started buying Bitcoin at $60,000. - **Long-Term Bullish Thesis** [03:43] — He believes $60k is a great price for Bitcoin, with a target of $200,000 and $10 trillion crypto market cap in a couple of years. - **Correction Structure Formation** [05:34] — The entire correctional structure looks like it is forming; even if Bitcoin drops to $45,000-$50,000, the scenario doesn't change much. - **Local Growth Expectations** [07:28] — He expects Bitcoin to reach a purple rectangle zone (around $67,300) based on wave analysis and volume patterns. - **Wave Analysis of Decline** [08:07] — The decline shows a five-wave impulse structure with high volumes, suggesting a corrective move upward is due. - **Bullish Divergence and Reversal Patterns** [11:05] — On daily and five-hour timeframes, bullish divergence (price falling, volumes rising) and doji candles indicate a potential reversal. - **Long Position Opened** [12:36] — The analyst reveals he has opened a long position with a stop loss just below the recent low. - **Price Targets for Correction** [13:39] — Minimum correction target is $67,300 (0.38 Fibonacci), with a more probable zone at 0.5-0.618 levels. - **MACD Confirmation** [15:06] — On four-hour and five-hour timeframes, the MACD histogram has crossed above the signal line, confirming bullish momentum. ### Conclusion The analyst presents a bullish short-term case for Bitcoin based on technical conditions, but emphasizes risk management. He encourages viewers to like and comment, and promotes his algorithm-based trading approach. ## Transcript Hello, my good friends. It's July 2nd, and I've been writing up a July 2nd, and I've been writing up a market review for you for over a month, but I've been sharing market review for you for over a month, but I've been sharing my opinion on the cart in text format . If you didn't come here from my cart, it's in the description below this video along with all the other useful, absolutely free links today. As usual, I'll take a little of your time and try to very briefly explain try to very briefly explain my expectations for the market. Locally, at least. Locally, let's say , locally. After all, in our reviews we discuss the short-term and local picture. They are bullish, yes, they are bullish, yes, I understand that this is against the trend, but nevertheless, right now, at this very moment, my chart is not open as it should be. Now, then, we will sort it out. And my only task is to tell you two things. First, in today's video I will list the conditions for local growth that I see at the moment. I will list them all and show them on a graph. And secondly, I remind you of on a graph. And secondly, I remind you of my right to make mistakes. Ah, [clears throat] despite the fact that at the beginning of the video I can say that I see enough conditions for opening cutting long positions with the goals that I will now show in the video, this does not mean that you show in the video, this does not mean that you need to open a position at 30% of the need to open a position at 30% of the deposit, at 50% of the deposit, at 15% of the deposit, and especially at 100% of the deposit, so that later you don’t freak out about life and write in the comments about what a [ __ ] I am, lacking brains and the basics of what a [ __ ] I am, lacking brains and the basics of trader psychology. Well, let's get started. So, let's get started. I moved the camera to the side like this so as not to overlap the graphics, or even the volume indicator. So, what would you like to note, friends? First of all, I would like to draw your attention to something rather bold. Oh, of course, and I think you all know perfectly well without me saying that 99 owners of famous crypto exchanges, former owners like Arthur Hayes, a shitload of people. Everyone is expecting Bitcoin to reach 40, 45,000. I don’t know about you, but 40, 45,000. I don’t know about you, but this [ __ ] scares me pretty bad and makes me think. And this week [clears throat] I started buying Bitcoin at I started buying Bitcoin at $60,000 for a couple of accounts, broadcast on the channel. And we're not just talking about spot statistics, but also about spot and trading statistics, because this bitcoin is a deposit and collateral equivalent to its value collateral equivalent to its value in USDT in trading using the ICLAB algorithm, one of the flagship algorithms that I use. You can read all about this in the channel navigation on Telegram. The video is not about that. I started buying, because for me, prices of 60k per bitcoin globally are great prices, because 200,000 dollars per bitcoin, 10,000 10 trillion in crypto market capitalization are some of the most, uh, quite obvious things most, uh, quite obvious things in our near future within the next few years. I think it will take a couple of years, and I think years. I think it will take a couple of years, and I think the correction in the crypto market will end by the end of this year, that is, in the foreseeable future, more or less. If we rely on past cycles, then it is already July, and in the coming months we may, naturally, still fall. Anything can happen, a nuclear war can break out and bitcoins will go down to $5,000 or $1,000, it doesn't matter. doesn't matter. I think specifically my expectations, my analysis and my plan is that it can go lower, naturally, but for me this will only be an additional, uh , in the time range, window of opportunity to buy more and average out my entry point, taking into account, uh, the alti-season, in quotes, that has been happening on the the alti-season, in quotes, that has been happening on the market for quite a long time, which I am not a supporter of. Ah, the word "averaging", damn, already sounds like something for which some kind of criminal liability should be introduced. criminal liability should be introduced. Ah, yes, and getting back to the schedule, let's talk more specifically, and not in theory and my, ah, conclusions and chatter, which I can talk about here for a very long time. What I want to say is that this entire correctional structure already correctional structure already looks like a plus or minus formation. That is, if we look globally at the weekly chart and the bitcoin moves there to the 45-50,000 dollars, then our scenario will not change much. We know very well one rule, not even a rule, so to speak, but simply an axiom, an obvious thing, which is that the market is normal, a normal market, a normal asset, if it is a German, who did this and did that and normal asset with a normal capitalization, which Bitcoin, thank capitalization, which Bitcoin, thank God, belongs to, does not move in a straight line, and it cannot constantly fall or, rather, constantly grow. Some elementary constantly grow. Some elementary things sound outrageously, or outrageously primitive, but that's the essence of the whole market movement. And first of all , as if speaking about the local short-term picture, I would like to consider this entire structure, this entire structure of the fall, which I entire structure of the fall, which I drew with an arrow from this resistance zone inside this sideways movement in the form of a bearish flag in my channel. Somewhere around the end of April I drew this, it all worked out. Even we opened manual short positions in this range. in this place they closed it somewhere closer to the barks. This means that this structure looks, in my opinion, like it has been formed, or like a structure, like a has been formed, or like a structure, like a falling wave that is finishing its falling wave that is finishing its formation. Why does it look like this? formation. Why does it look like this? And, uh, the main condition that for me is significant for, uh, growth is precisely the structure. Because I won’t talk about any medium-term grow to $100,000 in the medium term. We are talking about the local picture, and local expectations are that Bitcoin these values, which are highlighted in the purple rectangle. And now I’ll explain why, therefore, at this value I will wait for the bitcoin. Well, first of all value I will wait for the bitcoin. Well, first of all , we had this , we had this wave of decline, this wave, which we can interpret from the point of view of wave analysis, which I use only as one of the conditions, and in making certain decisions and forming any expectations. This is a strong vertical impulse with the strong vertical impulse with the highest volumes in the entire bear market we have had since mid- since mid- October. The brightest impulse with the largest volumes. And, therefore, for me this impulse is a breakout of this impulse, because we have updated the minimum, because this is also an impulse. This is obvious because it also seems to have growing volumes, but the volumes are smaller than those of the main impulse in this one. That is, here we can draw a five-wave structure, yes, accordingly, some kind of correction should follow. Either a correct correction of the BC formation, or a sideways correction in the form of a triangle, in the form of, damn, a rectangle of an ideal channel, or even in the form of, you know, an ascending or even in the form of, you know, an ascending bearish flag, as, you know, I have bearish flag, as, you know, I have noted here. And after impulses in noted here. And after impulses in the market, almost always after strong movements, no matter whether growth or decline, we experience a sideways movement. I can demonstrate this clearly. Here we have a fall, here we have a sideways movement. Here we have a a fall, here we have a sideways movement. Here we have a fall, momentum, here we have a sideways movement. said that we are now heading into a sideways period for several months. We went into this [ __ ] sideways motion. Now we also have an impulse. We switch to the hourly time frame and find it better on the five-hour time frame and discover that this impulse has occurred. And also, what happened on a lower local order, what happened, what I just showed on a higher order, on a higher time frame. The completion of this impulse occurred. And from the point of view of wave analysis, whether you like it or not doesn’t matter at all, because in combination with other conditions it works great. Well, I add something to the chart so rarely that I have to look for it on Trading View, where we have 1 2 3 4 5, because I do this exclusively in because I do this exclusively in reviews. I don't do this for myself. experience allows. This means that we have formed such an impulse five- wave structure here. That is, this wave of decline from the point of view of So, as much as I’ve been saying there, my God, I don’t even see OBS. Well, okay, we need to speed things up somehow, so as not to drag this out for half an hour. This means that this falling wave looks like it has been formed, like a structure that has been formed, like a structure that has completed its formation. This is also has completed its formation. This is also confirmed on other timeframes. If we look at the daily time frame, then, [ __ ] hell, at the daily time frame. I immediately corrected another condition with the following, which I will also show. But lastly, as I have been saying in my reviews for many years, I use this word lastly. And, therefore, at the base of this fall, at the base of this structure, we see a cluster of extreme candles or dojis. 1 2 3 4 And yesterday's daily candle also closed not very brightly , but I prefer to interpret it as extreme, especially since its volume is greater than that of the candle of the previous period, that is, the previous day. And this is also a reversal pattern, which is an additional condition. That is, we have structure, waves, and bullish divergence. structure, waves, and bullish divergence. Here we have prices falling, volumes increasing. Excellent condition. One of the most important indicators, or rather, not indicators, but tools that are determined visually and suggest potential market reversals, whether growth or not. market reversals, whether growth or not. Ah, so it’s not for fun, but for the sake of a noble experiment. I have a long position open. Stop. Now I long position open. Stop. Now I will place a bet somewhere around here on a will place a bet somewhere around here on a maximum of a percentage lower than the existing lo. Yes, I didn't mention this at the beginning of the video, I apologize, because I was planning to write in the preview that I opened a long position, I started right away, so I went into a different narrative sequence. So, what else would you like to say about volumes? This means that on our five-hour timeframe , naturally, the price is also falling. And an even more pronounced bullish divergence. Our volumes are growing, growing, and growing a little more. Does growing, and growing a little more. Does this tell us what it is? an additional this tell us what it is? an additional condition for changing the market trend. To conclude our video, we take a simple analysis tool and identify approximate areas where the identify approximate areas where the Bitcoin price could rise as part of a correction. The minimum zone is 0.38 67300 plus or minus. And the most probable zone, if this is a correct correction of the ABC formation, and then, if this is a can grow and, therefore, here is the level of 0.5 0618 price values ​​on the board. But the values ​​that can be recorded are the minimum correction values. Let me just mark this like this. I'll show it like this with an arrow. This means the level of 0.38, that is, the area of 67.300. easily, easily, easily hang out here and there in some sideways direction . It doesn't minimum correction level may or may or may not be most likely to occur, well, it will probably be worked out. So, what else would you like to add? The last thing I wanted to add was the level. My God, the level is completely out of my mind. This is a level, damn, what a level, [ __ ], a speech therapist's dream. This is a store indicator. So, this tool, which there is a video about, you can watch it, find it in the description of this video, which I use, I practically don’t use it, but as a final confirmation, you can use it. And we see that the histogram, I use it exclusively on the five-hour and four-hour timeframe, which I advise you to do as well the histogram, that is, the red-green columns, are below the yellow signal, and above, more precisely, the yellow signal line. That is, here they were lower, here we had a fall, and now there has been a change in dynamics: on both four-hour time frame, our histogram has become higher, and not below the terribly signal line. And, by the way, I just noticed that on the daily timeframe, just past the last daily candlestick, and that's for today, yes, it is also still above the yellow signal line, but on the five-hour timeframe, this means that the model has already been fixed on the model has already been fixed on several previously closed five-hour candlesticks. That's it several previously closed five-hour candlesticks. That's it , friends, that's all for today. If you found the video helpful, please give it a like and leave a comment. Profit for everyone in the market. Less manual work, more buying of Bitcoin, more investing in algorithms. Read my latest post on Instagram and my post from yesterday or the day before on Telegram about the best deal. Because the single most [ __ ] amazing deal any of you can make in the last 2 years in crypto and the next 2 years in crypto is buying [ __ ] Bitcoin and investing it in ICSL algorithms. Bitcoin is in a slump, and the algorithms are also in a global slump right now, so there can't be a better deal over a period of one and a half to two years . Everything else is complete [ __ ] and gambling addiction. That's it, bye everyone, complete [ __ ] and gambling addiction. That's it, bye everyone, good luck. M.