Bitcoin is down nearly 10% are we in the Middle of a bear trap or is Bitcoin Going to zero welcome back to the 99b YouTube channel I am your host Umar KH And today we're talking everything Bitcoin and first foremost guys Bitcoin Is not going to zero that's absolutely Not happening with the amount of money In the market and big players in the Space I don't see Bitcoin going anywhere Especially not to zero hopefully back to 60,000 and then next to some crazier All-time highs let's see what's going on In the crypto markets today we're down About 2.2% you're ingredient index at a 43 basically creeping back into the fear Category which is not great however with The presidential uh elections coming Around the corner and especially if Donald Trump wins we are going to see a Massive pump for Bitcoin we see Bitcoin Trending at at number one and it's been Holding this position for a couple of Weeks now uh and we can see on the 30 Days we're down about 12% on the week We're down about 2% on 24 hour down 2.5% And honestly guys this looks like a Tremendous buying opportunity where this Could potentially be a bare ShakeOut Phase so our bare trap I should say so You may want to be careful of selling And most likely buying and loading up we See a community tab post BTC is dropping As I told you this morning BTC will drop
More if it's showing it's not showing a Sign of reversal so this person is Feeling a bit bearish on bitcoin and Then obviously in the comment section is Creating a hell cycle of you know good Morning hello like what's going on of Course it's not going to zero it's going To pump Bitcoin is forming a descending Uh broadening wedge pattern descending Broadening wedge pattern is a bullish Pattern uh we can see um um Bitcoin is Moving W within it an eventual breakout From the under upper resistance and That's exactly what we're seeing over Here and again this is just a textbook Pattern formation so we will be seeing a Breakout very soon this is also known as Like a a bear trap where people when Especially when it's descending they Think it's going to zero and they start Selling that's why we see a lot of Dumping pressure but again once we get Those resistant lines we can break past And break through to see some crazy All-time highs we go over Twitter guys And there's a plethora of tweets I want To show you guys we can see uh BTC uh Daily macd has turned bullish but uh Still liquidity is lacking which is Needed for a big Bitcoin pump we see This post as well this is the only Option so the US doll your money over Infinity uh Bitcoin your money over 21 Million Bitcoins right this is why it's
A massive uh uh inflation hedge and Again why president Trump wants to use Bitcoin as a front runner right vote Trump uh Trump the cryp president again Not that this is um I'm not even based Out of the United States I'm actually in Canada right now but um not that this is Our presidential standing or our Political standing it's just Trump is Good for crypto right so whether you Like him or hate him he's definitely Going to help uh crypto and again from Speaking from Facts he did help the Economy when he was president as well Right rumor has it that black rock CEO Is likely to endorse Donald Trump for President if true Bitcoin will pump hard Uh guys again I wouldn't be surprised For this because again Black Rock CEO Businessman Donald Trump also Businessman Donald Trump Trump for Bitcoin uh Black Rock for Bitcoin as Well so this could go hand inand Combination so I'm not surprised here That could be absolutely massive for Bitcoin we see distribution of Bitcoin Supply Satoshi Nakamoto having the Largest bance a second Black Rock at Third coinbase at four blacks uh gr Skill at F fifth micro strategies at six US Government at seven which is insane Chinese government at eight uh Fidelity Investments at nine and then Black Block One at 10 absolutely massive massive
Holdings and again with this much Holdings and this much money Bitcoin This is what I mean by we're not going To see Bitcoin dump anything too crazy And then this could be also very massive As well but big breaking news China will Unban Bitcoin in the next few days by Sources if that happens it's going to be Absolutely insane and another post again China to left Bitcoin banned if that Happens it's going to be absolutely Insane and then here's a bear trap I was Talking about so a bear trap most people Sell their crypto during this phase are You buying selling or holding I'm Definitely holding and buying again We've seen that the momentum building The massive spikes and then the bear Trap and again we are going to hit some New highs very very soon so again this Will be a most optimal time to load up On bitcoin all Italian bank is now Offering Bitcoin Services directly in Its banking platform which absolutely Massive as well we see the love for Bitcoin is growing the the favorability Is growing as well bullish signals are Flashing Again The macd Crossing up Which is good some some bull run Momentum about to begin Bull Run begins Next Target is $210,000 that would be absolutely Massive that happens and then breaking News Donald Trump will fire uh gray GL U
Gendler on the first day in office again We don't know if this true or not but Again bullish for Bitcoin I saw this as Well a couple days ago so some massive As well so breaking news uh Apple Launches Bitcoin uh tap to pay method to Its third parties again Apple being a Massive player in the tech space if it's Going to start celebrating Bitcoin They'll still be massive as well teal Analysis for Bitcoins uh looking bullish And bearish a are in buy moving average In strong sell give us a total summary Sell I think that reversal is coming in A few days you see Bitcoin across the News lots of news lots of headlines some Bullish some bearish but for the most Part guys on 99b YouTube channel we are Very bullish for bitcoin's Price we're Anticipating to see a swift recovery in The near future however none of this is Financial advice always your own Research and due diligence as I'm not a Financial adviser but let me know in the Comments section below are you bullish Or bearish for Bitcoin that wraps the Video until next time it is your friend Umar peace [Music] [Music]