Big Sunday Report: Everything you need to know
🚩 Technical Analysis/Market Psychology Analysis:
At $BTC price of $54,000, I predicted the next target was $60,000. At $60,000, I told you $66-67,000 was imminent. Now, get ready for a new all-time high (ATH) - it's very close. Watch the Fear and Greed Index, it took only 7 days to go from extreme fear to greed last week. This was a golden moment for investors to take advantage of the golden entry opportunity, but many (especially those who were not our premium members) missed the opportunity to buy at the time of extreme fear. Those who bought in my buy zone are now seeing huge profits.
$btc has recaptured the daily MA100 and closed the week above it. This is another confirmation that my technical analysis was spot on. Those who trust my insights have the opportunity to add more to their portfolio. So, what's next and why is this week so special?
Upcoming Catalyst: Trump Attends 2024 Bitcoin Conference
This week has been a landmark one. Six days later, on July 27, Trump will speak at the Bitcoin Conference in Nashville. Expect big moves this week, especially Trump's speech, which will likely be very bullish for $BTC. Trump announced JD Vance as his vice presidential candidate, who is a big crypto fan. This announcement could change digital asset regulations and provide an optimistic outlook for the future of the entire industry. It is very likely that Trump will discuss integrating crypto with artificial intelligence, which could drive huge gains for AIBs and the crypto market itself.
Similarities to Elon Musk's 2021 conference
I found several similarities to the 2021 Elon Musk conference. At the 2021 $BTC conference, Musk's speech caused the market to fall 20%, and Bitcoin B fell from $39,000 to $31,000 in just 3-4 days. However, 45 days later, Bitcoin B reversed and rose from $29,000 to $69,000, a 133% increase in 110 days, entering a golden bull market. This rise was due to Salvadoran President Bukele making $BTC a legal tender. This time, Bitcoin B is unlikely to fall another 20% from here, and I personally expect the opposite, and may break out to the upside.
Three years later, $BTC is in a similar position. The same conference is coming up, but this time it’s not the South American president, but a (most likely future) American president talking about Bitcoin B. This makes the outlook very bullish, and Trump’s speech could directly lead to a new ATH.
There are also rumors that Elon Musk may attend the meeting, but if you ask my personal opinion, Michael Dell may make a surprise appearance. Dell's net worth is well over 10 times that of Michael Saylor and will have a much greater impact on $BTC than Michael Saylor.
For $btc, this event means huge price action. The 2021 bull run was catalyzed by similar conferences and history may be about to repeat itself. I remain very bullish here.
in conclusion
Get ready for a very volatile week. The ETH ETF launch in two days and Trump's participation in the 2024 $btc conference will make this week extremely volatile. Again, this market is a pure bull market and I see no reason for the bear market to start as some people expect.