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#bitcoin #crypto
Bitcoin is going to $100,000 in 2024 and What I'm going to show you in the charts We're going to spell out the exact path For Bitcoin to take for it to reach that Monumental high that a lot of people are Expecting a lot of people are waiting For but not a lot of people are ready For and we're going to be basing this of One of my favorite people in crypto and That's going to be miles deutser miles Deutcher is probably putting out the Best crypto threads out on X right now And he just put this out in my six years In crypto this is one of the most Bullish setups I've ever seen in Hindsight it's going to be ridiculously Obvious there's a Monumental Catalyst on The horizon and here he has 10 reasons To be stupidly bullish on the next few Months in crypto that's right I'm going To give you 10 reasons why I think Bitcoin's going to go to 100k this year Like I said no one is ready for the Explosive moves we're going to have on The horizon so let's just go get right Into the list here reason number one is Going to be the Germans we've covered The Germans in the past but the reason The Germans are bullish now if they have Ran out of Bitcoin to sell the best Thing about the overhang is once the Selling is priced into the market There's a floor to the downside and Headro for price to move higher we still
Have Mount gaau but now there is light At the end of the tunnel well I I went Into it and there's actually a Kind of a Funny Story here they started with 49,000 Bitcoin this was worth about $3 Billion and they've been selling this For the past 3 weeks and Bitcoin took Quite the tumble but Bitcoin was able to Absorb this $3 billion in selling and Now they were out a fun little story Here though someone did send them a Little bit of Bitcoin they sent him a $187 and they inscribed it with the Phrase here hfsp and if you don't know What that means have fun staying poor Germany ow a little bit of a little Finger poke in the eye to the German Government I went and I tracked their Wallet there's now $431 it looks like someone maybe uh you Know people are just sending them more And more inscribed amounts here you Could just see very very uh you know Small amounts 0.001 Bitcoin this is Almost too small this is less than a Dollar right there so sending small Amounts probably with some cheeky Messages but Germany don't have fun Staying poor next time huddle your Bitcoin all right let's go to reason Number two here and that's going to be The Bitcoin ETF inflows because the ETF Inflows are remaining strong I think Many people are underestimating the
Magnitude of the long-term impacts of The ETFs on bitcoin it provides strong Passive bid on the market and appetite For the ETF isn't going away well diving Into the charts it isn't going away we Had a couple red days early in the month You know right before a holiday day you Know nothing to be uh to alarm then Typically markets you know correct or Come down a little bit on holiday Weekends and Fourth of July you know Pretty big holiday right there but look At the uptick yesterday was a record day For the month pulled in $420 million 300 Million the previous two days so ETF Inflows coming back and they're coming Back in a strong way so let's go ahead And look at reason number three reason Number three US presidential election Poly market now has Trump at a 70% % Chance of winning the election no doubt That a trump presidency is a positive Catalyst for crypto given that his Administration is supportive of the Industry and look who just nominated for VP JD Vance JD Vance is a bitcoiner so Trump very very bullish I went to poly Markets and it's down 1% but we still Have a 69% chance of winning I don't Know what's going on with these numbers For 2069 what's happening all right Reason number four Trump is speaking at The 2024 Bitcoin conference he says let That sink in everybody the likely next
US president is advocating for Bitcoin At crypto's biggest conference over the Past month he has spoken glowingly Regarding Bitcoin and crypto and this Further strengthens the case I would say The most positive impact this is going To have is if he really gets the Bitcoin Bros on his side there's going to be Massive inflows for his presidential Election campaign funds where hey you're Going to have all this Bitcoin coming Out of the old woodwork old dormant Wallets going to be waking up they might Be donating to his cause you know giving Him a really really good War chest all Right let's go to reason number five FTX Repaying $16 billion of creditors it's Been a lot of talk about the Germans Mount GA overhang we're talking about You know three billion both of those Selling events around 50,000 Bitcoin Each but that's little that is beans That is nothing compared to the $16 Billion coming from FTX $12 billion of That is going to be in cash now let this Sink in a lot of people they invested Money with FTX they thought they're Buying Bitcoin they thought they were Safe next thing you know s bank freed he Abcon with the funds he goes to the Polycule he donates some politicians Well now all of a sudden years later you Get some funds back a lot of these People are just going to want to get
Their Bitcoin back get their ethereum Back so I think of this 122 billion in Cash a significant portion is just going To be Market buying crypto on exchanges And this is going to be a massive Massive Green Day and as miles say many Of these recipients will likely re-enter The market leading to a fresh bid this Is going to be a lot of fresh liquidity Coming into the market all right let's Go to number six here we're over halfway And let me just say this number eight is The thing I'm most bullish on you're Definitely going to want to see number Eight now number six the global Liquidity cycle it's crazy how Correlated crypto is to the global Liquidity interestingly we've been Closely following a 65 Monon cycle this Is going to suggest a late 2025 Peak Which works perfectly with the four-year Cycle we topped out December 2017 and Then November 21 and now maybe October 2025 and that fits perfectly with Q4 2025 I went and I actually looked at the Global liquidity markets a little bit of A larger picture here and folks yeah it Does look like we are now on the upswing Going to give us a pretty bullish year Next year towards the later half all Right number seven we're almost at the Good one which is number eight number Seven spot eth ETFs are going live looks Like they're imminent and a major
Catalyst for the crypto Market it's Going to lead further credibility to it Standing as a legitimate asset class so All the money float into ETS for Bitcoin Some percent percentage of that is going To be flowing into ethereum as well so For every $10 billion coming into Bitcoin I would say maybe about two or Three are going to flow to ethereum also Going to be bullish for the markets and Then not only that people are going to Be looking what is the next altcoin to Get ETF which is then going to lead to Even higher prices for those coins as Well remember this is the first altcoin To get an ETF all right number eight and I said this is the one I'm most bullish On that's because it's Goldman Sachs Goldman Sachs is launching three Tokenization projects if you thought Tokenization was a fed you need to think Again the institutions are here and Fundamentally This lends significant Credibility to the space well let's do It a little bit of a deeper dive on the Goldman Sachs thing they're launching Three new tokenization products this Year they're planning later this year in The US and Europe following a major Uptick and interest from clients in Crypto Goldman Sachs plans to create Marketplaces for rwas it would focus on The fund complex in the US and European Debt markets the fund complex in the US
And European debt markets that's the Massive liquidity that's the not the Millions not the billions now we're Talking about potential trillions on the Sidelines who is Goldman Sax's Global Head of digital asset McDermot Reportedly attributed the renewed Momentum in crypto to the ongoing Proliferation of ETF for digital assets This is what we were just talking about With the eth ETF this is going to lead To more dominoes following funds that Specialize in real world assets are Gaining Traction in the US this is Particularly true to funds that deal With tokenized money market instruments Such as black Root's USD institutional Digital liquidity fund this is the bidle Fund they just hit $500 million in Assets under management earlier this Week we've been talking about that in The morning streams on this channel so Make sure you're subscribed make sure You got on notifications because we are Covering this fund and we've been Tracking it from the early infancy and Then we saw it cross 500 million we Brought you that news folks Goldman Sachs Black Rock This is massive there's Going to be a lot more money coming into The market so this is actually maybe one Of the more bullish uh scenarios here Number nine is going to be rate Cuts Macro can either be a headwin or
Tailwind but if it moves in the right Direction it can Aid all the Aforementioned factors the market is Currently pricing the possibility of Three rate Cuts this year with a 90% Probability of a 25 cut in September Well looking at Poly Market not quite 90% chance actually 92% chance we get at Least one rate cut you can see only 8% Of people are saying we're not getting Any rate Cuts this year and you can see A tie for two rate cuts and three rate Cuts so uh looking well that we are Definitely going to get rate Cuts this Year we get some rate Cuts expect Markets to pump bitcoin's going to pump Off of that all right number 10 here we Go to the end list and then we're about To dive into the charts and I'm going to Tell you the path to 100K markets are Forward looking over the coming months You're likely to see market price in the Tailwinds as crypto is highly reflexive Positive bid off the back of increased Sentiment can in and of itself lead to a Major rally so just a sentiment shift is Enough for crypto and I'm definitely Sensing the sentiment shift right now All right now let's spell out the Scenario for a 100K there's something I Wanted to point out and it was something We talked about and that's the bullish Divergence on the daily chart here you Can see it's largely flat right there if
We go to the 12h hour it really really Uh steps up in a major way all right so Here you can see we have some hidden Bullish Divergence you see the price is Just heading down getting beaten down But the RSI is relatively flat so it's Not really so much moving up but as Price heading down RS side did not move Down so slight bullish Divergence well Last time we got some slight bullish Divergence it's a little bit different Now we have the price barely moving down But RSI rocketing up so you know we get A definitely a Divergence here we got a Pump in Bitcoin and so we're seeing the Same divergences that we're seeing back In August September of last year so what Kind of move did we get from this and What kind of move can we expect maybe From the bottoms when we hit about 43 $53,000 let's go ahead and measure this So we're going to go ahead and catch the Bottom of the bid right there and all The way up here you see about a 95% pump Bitcoin went from about $25,000 all the Way to about $50,000 just a hair under Well what does a 95% pump look like from This area right here so we got to go Ahead and shrink the y- axis just a Little and it's important to know There's also amount of days that we're Worried about here this was 123 days You're looking right at 4 months so a 95% pump over 4 months and this is what
We're looking at folks I hope you are Sitting down and while you're sitting Down I hope you hit that like button Everybody over 123 days with the 95% Pump everybody we're looking at a $115,000 Bitcoin so this is the path to $115,000 I know a lot of people are Bullish but a lot of people aren't Bullish enough and that's going to give Us a target for November of this year That's what a lot of people are Predicting that Bitcoin is going to go Into November maybe even early December Potentially hit above 100 okay pull back Down and end the year in the 80s this Would be the perfect scenario for that To play out so do not get shaken out of Your Bitcoin bags I hope you bought the Dip we're telling you to buy the dip we Are longing the dip and right now even Though we're pumping might not be time To just take all your profits it might Be time to just hold on stay calm and Just ride the storm because it might be A wild 123 days and I'll see you and Your Bitcoin at the top
