Bitcoin looks like it's making a sharp Recovery are we going to see Bitcoin hit $72,000 this month that's exactly what We're predicting in this video Welcome Back to the 99b YouTube channel I'm your Host Omar Khan and today we're doing a Deep dive on bitcoin a lot of bearish Action has been happening and has Transpired in the past 4 months and Here's the thing looks like Bitcoin is About to have a swift recovery and the Looks like the Bulls are come back into The market and absolutely going to take Over guys before the video I want to ask If you haven't already do make sure you Smash that subscribe Button as it helps With the channel tremendous it will help You reach your crypto goals also none of This is financial advice always your own Research and due diligence before Invting any money in the cryptos we Cover on this channel we're taking look At this tweet from Sensei BTC BTC is Going above $72,000 this month mark my Words when people makes a bold when People make bold predictions usually They are true because there's some sort Of technicals coming in the play and We're looking at the charts we're Looking like some draw drawing patterns Coming up setting up to go to $72,000 Which doesn't sound that crazy cuz if You look at it guys just a couple weeks Back we're sit at $73,000 Bitcoin so to
Come back at $73,000 in the month of July doesn't sound that crazy when you Factor in all the other things that We're going to take a look at in this Video going over to overall Mark guys Things are starting to look good again We are second day in the green up 0.61% On the day and also in terms of fear and Green index we are currently at a 40 I Believe yesterday we're at 37 we're very Very close to coming back to neutral and Hopefully keeping back towards uh green And as people are aping in Bitcoin a Little bit down but earlier today it was In the green currently at $57,000 Ethereum climbing back up again also in The green at $3,100 which is good as Well BTC climbing back up and same with Uh salana also in the green for the day Now I want to show you guys couple Highlights here uh first and foremost We're going to take a look at this one Uh bitcoin's four fourth post havening Rally is coming this is a pattern of BTC It happened three times in history since The beginning it will never fail the Fourth part is happening cycle could Bring BC see up to $100,000 we see first happening rally Second happening rally third happening Rally and the fourth happening rally and Hopefully bring this to a crazy Threshold at least six figures again to Go into millions I don't know guys
Especially in this happening this run I Don't think so but a six figure Bitcoin It's not that crazy right and remember Like this person not just waffling here They're taking history right they're Taking this chart they're taking this Chart they're taking this chart right Even we did same as third where the Third didn't Spike as much as this these Ones did and we landed over here we're Talking about $320,000 this bull run if Bitcoin just simply repeats history Right we're not saying that's going to Happen we're also not saying that's not Going to happen but that's where we're Looking at minimum 100K Bitcoin mark my Words another tweet as well from the Community tab on coin market cap BTC ETF Net inflow for the July 9th plus 216 Million the net inflow has been positive For three consecutive trading days with All high net inflows Black Rock Continues leading over the leader board With another large inflow of 100 21 Million gray scale however saw an Outflow of 37 million again just after One day of inflow uh which is pretty Insane to say the least we're taking a Look at the chart guys we're seeing more Monies coming in versus coming out which Is hopefully going to help support Bitcoin to take the next threshold right About support we're taking look at Supportting levels and the technical
We're seeing on the aers a sell averag Is g a strong sell G us a summary sell And obviously when and anybody look at The chart that's pretty clear there's a Lot of selling going down we one months Down 17% absolutely not terrible like We've we've took some harder loss in the Past before and I think this is just a Set up setback for a for a set up right I open the chart over here and I want to Show you guys so just a quick history of Bitcoin especially when we we look at The the way these bull runs work right We take a look at last bull run as well Right we saw Bitcoin clim steep in 2021 And it pulled back approximately 35 40% Right then it pumped off again right and Then it pulled back we're seeing very Similar pattern here uh we saw a little Bit of pump let's just say we're Replicating this first pump we're seeing A small correction right now which we're Seeing correction to set up for a biger Pump right and that's that's just one Out of so many other technical drives Indicating right um go back to tweets we See black rock ETF has another 18 Billion inflow since it's launch in January okay uh we just in uh CFC uh TC Chairman says in Illinois's court ruled Bitcoin ethereum are Commodities that's Pretty bullish where we're seeing daily RSI oversold equal support we likely see A rally of of this support people often
Forget how fast things can change and Literally predicting a $75,000 Bitcoin Like I predicted in the beginning of the Video it break into $72,000 Bitcoin Absolutely definitely going to happen Very very soon and all these chatter Patterns are drawn out guys by people in The space who know what they're doing It's not like we're just sitting here With a crystal ball hoping and praying Right these are technical drawings right Uh the next big leg up will start now so Today or if this really is a bottom we Looking at at least uh breaking off to $74,000 range which we're going to see Some volatility there and then Potentially popping off to upwards of $882,000 I mean it could go downwards From there as well but the point is now Is your time to load up on bitcoin guys Because it is going to pump we're Talking about a solid pump in coming We've seen Santa Monica opens a Bitcoin Office to explo uh explore BTC education For its residents pretty bullish Bitcoin Bull Runner begins uh four years four Years four years and this is the most Recent cycle and hopefully somewhere Along this line we're going to hit $160,000 based off this curving pattern Drawn out now guys none of this is Financial advice so always your own re Due diligence but let me know how you're Feeling about Bitcoin in comment section
Below are you bull bearish I'm very Bullish on bitcoin and I think it's a Solid basis for you to load up if you Haven't loaded up already but again none Of this financial advice always your own Resar diligence until next time friend Umar peace [Music] [Music]