Bitcoin's PERFECT Bottom Indicator

Key Takeaways

• •

  The MA cross indicator might fail this cycle

  “The two lines are just two simple moving averages on the bitcoin weekly chart, the 50 week moving average and the 100 week moving average. Every bear market bottom has the 50 week moving average falling below the 100 week moving average. So let's go ahead and zoom in on the data and see, why haven't we seen it this cycle? Are we gonna see it this cycle? And what are my thoughts on, are we at a bottom?”

• •

  This cycle shows the mildest Bitcoin bear market drawdown

  “This is now the best Bitcoin bear market from a drawdown perspective. If you measure from the top and you measure the amount of days it's been, when we're this amount of days from the previous cycle high, we were always a lot lower with Bitcoin's price. Because we've only fallen 38% after 193 days, we're not gonna see this bear market cross in my opinion.”

• •

  Wall Street institutions are aggressively adopting Bitcoin ETFs

  “Goldman's Bitcoin ETF push signals Wall Street taming crypto. This is major news. And now Morgan Stanley's most successful ETF launch ever was this Bitcoin ETF. That's not all, Charles Schwab is rolling out direct spot crypto trading. Normally that would look like the headlines you see over a year, that is all in the past 24 hours.”

• •

  Bitcoin maintains a bullish range with higher lows

  “Bitcoin is in a bullish range. We're zooming in to the daily chart here. We're still in this parallel range. This parallel range continues to make higher lows and higher highs. And just today we created a very, very bullish higher high. Now the downside of this pump here is we are gonna be running into resistance pretty close to where we're at today.”

• •

  Sixty thousand dollars likely marked the cycle bottom

  “In conclusion, this perfect Bitcoin bottom indicator might not be perfect anymore. I know it is called the last three cycle lows. It's called every single bottom for the last decade here. But I'm here to make the argument that I don't think we're going to see this orange line cross below this teal line. 60k might be the bottom folks.”

Episode Description

Did you know there is a simple Bitcoin indicator that has called every bear market bottom for over a decade? Not once, but every single time. It involves two lines on the price chart and nothing else. No crazy math involved. This is simple. And if you are a permabull, I have some bad news. It hasn't triggered YET. See what Nick Valdez thinks about indicator. 💥 Join Our Trading Group Discord - https://discord.gg/pJYe4Z9FWa Zoomex - https://partner.zoomex.com/aff/ZX904299 Toobit - https://www.toobit.com/en-US/affiliates/exclusive-activities?invite_code=DiscoverCrypto&activityId=1474 Blofin - https://partner.blofin.com/d/DiscoverCrypto BTC Conference -  https://fxo.co/JAnx Klein Funding - https://kleinfunding.com/ref/10673 DC25 for 25% off on all standard challenge account  DC15 for 15% off on all instant pro accounts ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ➡️ Protect your BTC From Taxes - https://bitcoinira.com/ ➡️ Crypto Tax Services - https://www.decrypted.tax/ ➡️  Use 'DC20' for 20% off Arculus - https://www.getarculus.com/products/arculus-cold-storage-wallet Bitcoin Ticker Box - https://tickerbox.eu?sca_ref=8841235.jarE9W1myNW ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ➡️ Follow on X - https://x.com/DiscoverCrypto_ ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person's opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Our videos are sponsored & include affiliate content. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. We never keep our entire portfolio on an exchange.  #bitcoin #crypto