When Bitcoin hits 100K, the Altcoins turn banana green...
Good afternoon amazing you, how are you feeling in this wonderful day?
For you, I have Bitcoin (BTCUSD) on the weekly timeframe, what does this chart have to say?
Technical analysis or positive market talk?
Let's go with TA first.
The weekly timeframe is saying: "Bitcoin is ultra-bullish and set to continue growing."
The chart is showing a clear, super strong bullish bias. This is mainly because after breaking above 90,000 and hitting 100,000, Bitcoin has never moved back to test 90K. This is the best possible.
The 25-November week wicked lower but bottomed at 90,700.
The last two weeks were red but the low happened at 92K. Even stronger. A higher low.
Since there is no selling pressure; since all sellers are being bought, it is easy to assume that Bitcoin will continue to grow. Worst case scenario we see more sideways but before this we will see a challenge of upper resistance and this is where the action is headed next. The peak happened at 108,000 and Bitcoin is set to challenge this level. When Bitcoin hits 100,000 the Altcoins become ultra-bullish. In fact, Bitcoin growing just a few ks and the Altcoins are growing by 20-30%, within days. This is the only confirmation we need.
Positive market talk.
Some people are saying that they prefer Crypto vs air. I mean, truly. Some people rather have more Bitcoins than air. It is better than breathing. That's how positive the sentiment is on the physical plane. In the spheres of highness, even the Angels are waiting in line to reincarnate on earth before 2140 so that they can buy some Bitcoins. In my meditations I found some deities that were chanting hymns and mantras in the tune of "Buy and hold!" Amazing to say the least.
Back on planet earth, everybody is waking up. Not waking up as in spiritual enlightenment nor consciousness awaking, waking up in the sense that they all understand that Crypto is going up.
Institutions are lining up. Governments from all corners are seriously considering holding Bitcoin, they don't want to be left behind. They already missed the moon, nobody is landing there anymore, they don't want to miss Bitcoin thinking that with a rocket they will not get too far.
Banks are turning around, which is good. Banks and Crypto should not fight. The banks shouldn't fight the Cryptocurrency market because the Cryptocurrency market is not fighting the banks. The banks should simply adapt just like the mail adapted to email, just like the libraries adapted to the Internet, just like the telephones companies adapted when a new technology showed up. There is no stopping progress in this reality. There is no going back, we go forward and move upwards. Banks can have a Crypto department, banks can adapt and enjoy the bright future that this technology is promising for all of us.
People used to pay with checks, metal coins and paper-cash, then came the credit cards. Instead of fighting the credit cards, we see the benefits and adapt. People were paying with credit cards and wire-transfer and then Crypto showed up. Instead of fighting Crypto, we adapt because there is no stopping progress in this world.
The only constant is change.
Bitcoin is here to stay.
The market is bullish now.
Welcome to 2025.
Thank you for reading.
Namaste.
Note
Imagine my surprise when I realized that even Shiva knows about Bitcoin.
I was talking to Buddha and he said he had renounced everything... Then he called me to get closer and said, "Look at this." I thought, "What! A piece of paper?"
"No you idiot, it's is my seed, I didn't renounce my Bitcoins," the Buddha said with an enigmatic smile.
Ohhh, pretty smart I thought. A piece a paper can be carried even to the end of the world and beyond. Buddha is very smart.
Bitcoin is the future of money.
Thanks a lot for your support.