BITCOIN IS PREPARING FOR A MAJOR MOVE!!! | $10K NEXT?! … or $8K?

So what this shows me right here, when you’re looking at the volume and you see small pockets of selling and no major sell orders coming through, no giant wells taking huge profits. That tells me that major players are not exiting the market right now. They’re just accumulating more Krypto holding onto their positions as we’re moving into the having. What’s up, guys? Welcome back to the channel. My name is Kevin Svenson. And today we’re gonna be talking about the price of Bitcoin. It does seem that Bitcoin is ready to make a major move. The price is beginning to squeeze in between support and resistance. And we don’t have much time left. So we’re gonna be discussing some possibilities in today’s video. But before we get into the content, I need you to smash up that, like, button and share this video, because right now crypto content creators are being censored by YouTube. I’ve been getting some comments like this recently, and now it’s becoming quite clear that YouTube is censoring us at a certain point. YouTube takes these videos off the home page. People aren’t even getting my notifications. So it is up to you guys, the viewer, to spread the content, to share the links of your favourite crypto influencers so that people can watch their videos. Right now, looking at the crypto watch asset card list and we can see that Bitcoin did see a bit of a sell-off recently, but we are still up within the past 24 hours. Prices are stabilizing at this level. Now, looking at a four-hour chart for Bitcoin and we can see that the price is beginning to squeeze along the upward sloping support and the downward sloping resistance. A major move is coming for the price of Bitcoin. It seems like the stock market today has Curlee opened up one point six percent. So this is good. This is positive for Bitcoin sentiment. Bitcoin has been on a nice uptrend ever since that crash. We’ve just been seeing higher, low after higher, low after higher. Low in this uptrend is still intact. Right now, we’re still remaining above the upward sloping trend line. There are no signs of this trend stopping yet, right? Everything looks good. We’re seeing higher lows along with the upward sloping trend. And I got to remain bullish with this trend. If we do start to break above 90, 100, I think it becomes likely at that point that we would test upwards of ninety-five hundred. And if we can get above that resistance at that point, we would probably be moving straight towards that ten thousand dollars psychological level. And after that, we’ll probably be targeting upwards of ten thousand five hundred above this ninety-five hundred dollar resistance level. The price is able to sort of freely move in between ten thousand five hundred and ninety-five hundred. And that’s kind of what we’ve seen, you know, in the decent a triangle area. And also this week right here and also when we broke above Dundy 500, we came up to ten thousand five hundred. So if we get above ninety-five hundred, I think we could easily hit 10000 if not upwards of ten thousand five hundred for that next major upside target. This run-up that we’ve seen recently has a lot more volume behind it. It looks a lot healthier from a volume perspective than the run-up to ten thousand five hundred. If you’re looking at this run-up, I mean, really not all too much volume during that run-up. No major increases, just a flatline of demand and then an increase of selling towards the end. And what you’ll notice about the area that we’re in right now, if you just go back to them for our chart, we’re only seeing small pockets of selling throughout this range. Right. Small pockets of profit takers and not that many sellers. So what this shows me right here, when you’re looking at the volume and you see small pockets of selling and no major sell orders coming through, no giant wells taking huge profits, that tells me that major players are not exiting the market right now. They’re just accumulating more crypto, holding onto their positions as we’re moving into the having. So that’s kind of what the volume tells me. Major players aren’t exiting the market. They’re only entering the market. So overall, to me, that’s very bullish. And we’re still within this upward sloping trend. And I got to remain bullish. If Bitcoin does see a breakdown here, I would be looking to target around eight thousand dollars just above that previous breakout zone, above some thousand eight hundred. I’d be looking to target around this range. The reason why I’d be looking to accumulate at that level is if you look at the weekly chart, the 21 weeks EMEA is currently coming in around that level. If Bitcoin did see any downside here, I think we would most likely be creating a bullish continuation pattern as we’re moving into the having. I do see a lot of demand for the price of Bitcoin. Not many sellers, big players are not exiting the market right now. It’s quite clear we’re not seeing huge sell orders. We’re not saying we’re not seeing huge dumps as of yet. Right. So if we did see a dump, I think we’d be looking to hit the 21 week DMA around 8000 and most likely create a bullish continuation pattern-breaking us out as we’re moving into the having. And so now I’m marking up the historic downward sloping resistance line. And one of the most interesting things about where we are on the chart right now is the downward sloping resistance is currently coming in. Just around 90, 500 that previous resistance that we just saw. So if we can remain above the 50-week moving average, or very likely we’d be looking to push up against this downward slimming resistance. And guys, if we can get above ninety-five hundred and get this breakout, this would be the first time within two years that we’ve seen a break above this downward sloping resistance. So any move above 90 500 would be a historic resistance break above the two-year-long downward sloping trend line. In my opinion, if we get above 90, 500 and we can create support along with this level and rally up, that would be a huge indicator that Bitcoin is entering a bull market. Earlier in the video is. If we get above ninety-five hundred, we’d be looking to target 10000 to ten thousand five hundred somewhere within this range. So overall, very bullish on Bitcoin. I also discussed where I’d be looking to target if we got a sell-off. But overall, I’m very bullish on the crypto market right now and I’m feeling very optimistic about blockchain technology in the cryptocurrency industry. So that’s can be for me today. But before you go, we’re getting shadow band here on YouTube. So you gotta find me on other platforms. If you’re not getting my YouTube update, so follow me on Twitter. If you don’t have a Twitter, create a Twitter. The Krypto Twitter community is huge. Also Hoppen, the Dischord channel. I’m always in that Dischord channel, and the best way to support this channel is to join Patria. And you can get all kinds of extra content there. And you could also take a look at one of my Oakland portfolios and actually look at all my positions. Also, of course, guys, sign up with the crypto watch platform. Check this out. Let’s say I want to take some profits or my likely position. Well, I don’t have to log into exchanges because I use the crypto watch. So if I just scroll down, click on, like one and then scroll down to the exchange that I want to use. And I’m going to click on Cracken and it brings me to the light coin chart. And all I got to do is click on that right tab and I’m ready to trade light coin right now so I can do my price analysis here. 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