Bitcoin will do this by the end of the year, 100% proven.

About this video

• Video Title: Bitcoin will do this by the end of the year, 100% proven.
• Channel: Sandro Cabrales
• Speakers: Sandro Cabrales
• Duration: 00:35:45

Overview

This video provides a technical analysis of Bitcoin, focusing on predicting future price movements by the end of the year. The speaker uses various indicators like MVRV Z-score and Fibonacci retracements, historical data, and cyclical patterns to identify potential buying zones and forecast price targets. The speaker also discusses recent trades and market movements.

Key takeaways

• MVRV Z-score Analysis: The speaker uses the MVRV Z-score to identify historical tops and bottoms for Bitcoin. They note that tops have not been consistently marked by this indicator in recent cycles, while bottoms have consistently occurred when the indicator enters the green zone.
• Cyclical Correction Patterns: The video highlights a recurring pattern where Bitcoin experiences approximately 50% corrections when the MVRV Z-score enters the green (oversold) zone. This pattern has been observed in previous cycles (2015, 2018, 2022).
• Fibonacci Retracement and Price Targets: Fibonacci retracement levels, specifically the 0.78 level, are shown to coincide with historical Bitcoin bottoms. Based on this and the cyclical correction pattern, a potential buying zone for Bitcoin is projected between $8,000 and $38,000, with a strong emphasis on prices below $58,000.
• Gann Channel Indicator: The video discusses the Gann Channel, noting that Bitcoin has historically always seen an increase after entering this channel and reversing from red to green. The current price is near a resistance level within this channel, suggesting a potential limit for upward movement.
• Trading Performance: The speaker shares their recent trading performance, including successful trades in oil and a short trade in Bitcoin, detailing entry points, profit targets, and stop-loss strategies.