Bitcoin has just broke some all-time Highs today we're going to take a look At some price action and price Predictions welcome to the 99b YouTube Channel I'm a new presenter here Umar What's up today we're taking a look at Bitcoin price action price prediction And all that jazz with the Bitcoin Happening days away we're seeing some Bullish momentum happen in the news and On the charts for Bitcoin we're going to Take a look at some news today we're Going to take a look at some charts Today some technical analysis and then Price prediction before we start the Video I want to ask if you haven't Already make make sure you smash the Subscribe button down below let's go Ahead and take a look at the charts so We get see guys bit uh the crypto Market Has been re-entered into extreme Greed For the past week or two now we've been Dancing around with extreme greed and Greed as you can see here and right now The sentiment is Extreme greed which is Great to see as more people will be Pulling money into the markets hence Pumping the price of a lot of coins Including Bitcoin also the Bitcoin Happing is approximately 20 4 days away And guys this is causing a lot of Institutional money to make massive buys Essentially what's going to happen is Once the happing takes place all the
Mining is going to be half its Production which is going to just make Bitcoin that much harder to mine and Also with the demand of Bitcoin right Now and the Cap Supply this is great for The price that's why we're seeing Bitcoin pump so heavily as you can see On the chart guys Bitcoin is currently At $71,400 up 6% on the day on the week we Can see up a solid 10% and on the month Bitcoin has been up over 38% and it's crazy to see that we have Surpassed previous all-time highs and Guys I think this is just the beginning I want to take an in-depth look at the Chart here guys and show you and Highlight a couple things so one in Doubt zoom out and let's do that Completely okay in 2018 we saw one of The first mainstream bull markets where It hit the news and people start to Invest in cryptocurrency that's actually When I first got into crypto myself when I saw Bitcoin hitting alltime highs of Approximately 188 to 20,000 then we saw a bare Market a Decently long bare Market as well and Then we saw it pop off again in 2021 as You could see here right look at this Peak versus this peak over here we had $188,000 and 18 uh 20,000 let's Round Up To $20,000 Bitcoin and then a new high Reaching
$64,000 then it crashed a bit and pumped Again because the last Bull Run was Different to the Bull Run prior to that And I anticipate the same thing is going To happen this bull run when looking at This chart guys we can see if we are Seeing where would I say we are right Now compared to last bull run we're Definitely somewhere around here or here Because if history repeats itself and we Had $188,000 Bitcoin two bull runs ago And last Bull Run we basically 3x and Price are we going to 3 exent price from Last Bull Run it's quite possible guys As we see the chart we see some Some Solid basing throughout the bare Market With decent pumps as well this is one of Those bare markets where the crypto was Still actively getting pumped because Institutions are re-entering and here's The thing with institutions entering the Market guys we are going to see crypto Like we've never seen it before before Is always a retail investor investing in Bitcoin but now with massive money Massive in institutions coming into Crypto it's it's a bit scary in the Sense that there could be manipulation Going on but also the amount of money That's funneling into the markets has Never been seen before I want to show You guys some pretty solid news so just In the London Stock Exchange confirms it Will launch trading of Bitcoin exchange
Traded note etn on May 24th 2024 so London is now adding Bitcoin to The stock exchange which is absolutely Insane essentially this is like a Exchange listing quote unquote for a Sense that now people could buy Bitcoin In the stock market as well and looks Like this is not through an yeah this is This is going to be an exchange trade Note so you're basically trading your Money uh it's like paper trading which Is absolutely insane because obviously Bit uh London has a large Market their In the stock exchange has obviously Billions and billions of dollars so That's pretty solid okay that's one set Of news so breaking news South America Gold and precious metal producer Neil Resources announcements that it's Planned to purchase 24,800 Bitcoin approximately $1.7 Billion the enter letters to intend an Acquire of 24,000 Bitcoin this is not to take in Account for the ETF have been buying in There not to takeing account for the Stock exchange list thing but an Individual or I guess you could say a Country now aping into Bitcoin as well In terms of BTC technical analysis guys We can see the moving averages are Extremely strong right now we're seeing Sells at zero neutral one buys at 14 the Oscillators also closer to neutral and
Overall summary showing a great Sentiment to buy we've been seeing so Much buying action take place guys it's Absolutely insane as you can see some of These green candles it's just absolutely Pumping every time we see solid red Candles we're seeing green candles to Take its place Some solid pumping action Take place literally every time it dips We're seeing stronger and stronger Recoveries with more and more money Entering the market in terms of price Prediction guys we're seeing Robert Kisaki author of famous selfhelp book Rich that P that predicts Bitcoin Hitting 100K by September plans to buy Now this week as havening near so uh Rich that Port author Robert kisaki has Updated his bitcoin price prediction he Now anticipates a cryptocurrency hitting 100K by September now guys in my Personal opinion not that I'm a Financial adviser I think that is a more Conservative bet I think the six figure Bitcoin is inevitable but to wait to September I feel is farfetched I see I Feel we're going to hit the bull market Closer to the beginning of Summer June July and by June July August if Bitcoin Is not at least at $100,000 I'd be abs Absolutely in shock the fact the reality Is is if we're at 70,000 right now 24 Days away from the Bitcoin happening in 24 days exactly is when I predict to see
A six figure Bitcoin but obviously this Is not Financial advice but there's some Solid basis to this guys because the Basis for that price prediction is in 24 Days the Bitcoin happening takes place And that's officially when Again The Happening had would have occurred right So mining Bitcoin is going to be so much More difficult and the scarcity and Price and news that's going to Accumulate due to the happening is going To absolutely push Bitcoin to the moon Now talking about pushing Bitcoin to the Moon here is your 100x opportunity I Want to quickly highlight this project Guys green Bitcoin the future of predict To earn huge early rewards so green Bitcoin introduces revolutionary Gamified green staking allowing for Exponential rewards and up to 100% token Bonuses new challenges live every single Week so essentially guys if you love Bitcoin here's a green Bitcoin pre-sale That you can get into now guys and we've Been seeing some massive success with These pre-sell coins as you can see on This channel in yesterday's salana video We covered seven meme coins that pass $100 million in market cap in just Pre-sales alone and green Bitcoin could Be added to that list they've already Raised over 9 million and this coin is Launching in 2 days and 13 hours your Last chance to buy before the pre-sale
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