Bitcoin charts are indicating we are About to enter a parabolic zone are we Going to see Bitcoin hit $100,000 what's going on guys and Welcome back to the 99b YouTube channel I am your host Umar Khan and today we're Taking a deep dive on bitcoin we're Looking at charts we're looking at Technical analysis we're looking at news There a bunch of exciting things are Head for Bitcoin that could rally this Token to the moon so here is your Bitcoin update video before to the video I want to ask if you haven't already Make sure you smash the Subscribe button Down below to reach your 2024 crypto Goals and like always this is not Financial advice always do your own Research and due diligence before Investing any money on the cryptos we Cover on this channel let's jump right Into the news we can see the overall Markets are up 3% today we're currently Sitting neutral yesterday we got back Into greed and we're anticipating to Re-enter greed and hopefully extreme Greed throughout the summer again the Crypto markets are just warming up again The stock market is warming again with The meme stocks so we're anticipating Some money to bleed over Bitcoin Currently sitting at $66,000 about to Dance with $67,000 and really Anticipating to see a $70,000 Bitcoin
This week we see this as well this was a Nice formation that we're seeing we see The Bitcoin inverse Head and Shoulders Pattern has a price target of $72,000 so the price Target is $72,000 If this continues it's going to be Absolutely parabolic there's a bunch of News and updates I want to cover as well But when look at the technicals as well Guys again very very bullish we're Seeing Bitcoin summary in strong buy as Osers are indicating buy and the moving Averages are in strong buy as people are Loading up on bitco Bitcoin guys the Bitcoin craze is not over just yet we Were anticipating obviously post Havening to see Bitcoin go absolutely Parabolic which yeah we saw some good Gains in the past 6 months up over 83% Not too shabby and on the past year up 144% again not too bad as this is going To be our gold standard in terms of Cryptocurrencies and this anticipates How the market is going to continue to Play out we even see Bitcoin getting Covered widely across the news Bitcoin ETF attracts hedge funds we can see Morgan Stanley's latest Bank to disclose A spot of the Bitcoin ETF holding for Its clients Mor slyy disclosed a $270 Million investment in grayscale Bitcoin ETF the point is people are starting to Ape into Bitcoin and that's exactly what We wanted to see from the start we want
Investor confidence we want people to Load up on bitcoin right this is another Chart formation we're seeing the Bitcoin Bull flag is about to break out we can See a perfect flag formation Picture Perfect flag pattern and we could easily See this breakthrough and really break Us into 70,000 potentially even $80,000 Range earlier this year we did break Alltime highs sitting close to $72,000 If we get to $80,000 in the next couple Week that could be absolutely insane for All of us loading up on bitcoin again People are very bullish overall for Bitcoin so that is great to see we even See this is article I was reading a bit Earlier Millennials 72 and Elliott are Among bitcoin's ETS buyers retail owns Most of the float but money managers Have have walled it in um we can see all ETS purchases are unclear but determined Uh but demand is evident as the demand For Bitcoin is going absolutely berserk There's some tweets I want to highlight As well guys so come over follow me on Twitter if you want to get some of this Bitcoin news but you see this video as Well I want to really highlight quickly So Bitcoin parabolic Trend continuation Bitcoin to $90,000 it's quite possible And so where are we we're at base four Which means we have a major push up Towards the cell point of the current Trend this is a parabolic trend Target
Not a cycle peak of here a bounce so we See picture perfect parabolic Trend Textbook level copy right we see this is A a parabolic curve pattern from a Textbook and look at the look at the Chart in in the actual drawing out and Look at our our Bitcoin formation right So if we really are in Phase base 4 we Can easily see a $90,000 Bitcoin now if We do break to 90,000 I anticipate a Massive selloff so again get ready to Take some profits but for all my Diamond H in there let's ride this to six fig Bitcoin if you want to watch this entire Short clip so minute 30 seconds come Over on Twitter we see this was actually Very interesting as well so $100 in Bitcoin per month versus gold versus Savings so we can see it's starting off In 2014 right All pretty close relatively in the Three-year span but from 2016 Bitcoin Absolutely would pop off and this is if You just invested $100 in Bitcoin didn't Matter about the price just Auto auto Deposit right look at the difference Look at the difference it's absolutely Insane right and this is just the power Of Bitcoin and remember Bitcoin has not Became a gold standard just yet meaning There is still time for this to continue To pump so you can continue to start Dollar cost averaging into Bitcoin this Is another massive news great kill spot
ETF had $30 million in inflows today Which is absolutely insane we're so Bullish for what's going to come next For Bitcoin here on the 99b YouTube Channel so stay tuned for the latest and Greatest news and updates again we're Watching Bitcoin closely we're watching The old markets closely and we're seeing Some bullish Trends across the boards Hopefully we're going to reenter a me Mania our old coins are going to start Pumping again and Bitcoin is going to Start pumping again but like always it's Not Financial advice always do your own Research and due diligence before inves Any money in the cryptos we cover on This channel let me know how you guys Are feeling about Bitcoin in the comment Section below are you bullish are you Bearish and that wraps the video until Next time it's your friend Omar peace