Bitcoin's 3rd Bullish Divergence Ever!
45sRare signal with historical accuracy creates urgency and curiosity.
▶ Play ClipAI Summary
The video discusses the current state of Bitcoin and crypto markets, highlighting recent volatility and a rally to nearly $67,000. It identifies major resistance levels and points to bullish signals, including a rare weekly bullish divergence and a supply-in-profit metric that has historically marked bear market bottoms.
[00:02]
Bitcoin rallies to $67,000
Despite fear and uncertainty, Bitcoin rallied to almost $67,000, but it's at major resistance (former support) that has failed before.
[00:16]
Need for volume and capital
There's rotation without expansion; major volume and capital inflow are needed to sustain the move.
[00:29]
Key level: $73,000
If Bitcoin can maintain above $73,000, the speaker would become very bullish.
[00:47]
Third weekly bullish divergence
This is only the third weekly bullish divergence on record; both prior instances marked absolute bottoms.
[01:01]
Supply in profit signal
Bitcoin percentage supply in profit has predicted every bear market bottom in history and is flashing again now.
The video presents a cautiously optimistic view, citing historical signals that suggest a potential bottom, but emphasizes the need for volume and a break above $73,000 to confirm a bullish trend.
Study Flashcards (4)
What price level did Bitcoin rally to in the video?
easy
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What price level did Bitcoin rally to in the video?
easy
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Almost $67,000.
00:02
What is the key level the speaker would get very bullish above?
easy
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What is the key level the speaker would get very bullish above?
easy
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$73,000.
00:29
How many weekly bullish divergences have occurred on record?
medium
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How many weekly bullish divergences have occurred on record?
medium
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Three.
00:47
What signal has predicted every bear market bottom in history?
medium
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What signal has predicted every bear market bottom in history?
medium
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Bitcoin percentage supply in profit.
01:01
💡 Key Takeaways
💡
Bullish trigger at $73,000
Provides a concrete price level for traders to watch.
00:29
📊
Rare bullish divergence
Only the third occurrence in history, with prior instances marking bottoms.
00:47
📊
Supply in profit signal
Historical accuracy in predicting bear market bottoms makes this a significant indicator.
01:01Full Transcript
[00:02] a lot of volatility happening in Bitcoin and crypto right now. Despite all of the still fear, uncertainty, and doubt, Bitcoin today rallied to almost $67,000. But, we're at major resistance right here, which used to be support, now is
[00:16] resistance, which has failed before. So, we're still seeing a lot of rotation without expansion. We really need to see major volume, major capital coming in. major volume, major capital coming in. For me personally, $73,000
[00:29] is a point where if we can maintain above $73,000, I would get very, very bullish. And bottom signals continue to stack up. Bitcoin price alert. This is only the third weekly bullish divergence on record. 1 2 3 bullish divergence,
[00:47] bullish divergence, bullish divergence. Both prior instances marked absolute Both prior instances marked absolute bottoms here and here. The third just fired. What about this? Bitcoin percentage supply in profit. Wow, this
[01:01] Bitcoin signal predicted every bear market bottom in history, and it's market bottom in history, and it's flashing again right now. Interesting.
