BTC Long Term Analysis and what the bulls need to do!

31. Mai 2022

Here is what BTC MUST do in order to be bullish:

1) BITCOIN MUST CLOSE A FEW DAILY CANDLES ABOVE THE DAILY 50 MA - Anytime this has happened, Bitcoin has taken off
2) BITCOIN MUST COMPLETE A BULLISH MACD CROSSVER ON THE DAILY - Once BTC completes an entire MACD Bullish Crossover on the daily, it has tons of massive upside
3) BITCOIN MUST PRINT A GREEN RENKO BRICK ON THE DAILY - Notice the renko charts on the daily. When a green brick is printed, it is a sign of higher movements. BTC hasn't printed a green brick in 3 months, but it is in the process of printing one
4) SIMILAR TO NUMBER 1, BTC MUST GET ABOVE THE 200 DMA AND 200 MA. These are absolutely crucial levels that BTC must overcome if we want to get back to much higher levels

I don't watch the news, to me the charts are what matter. I never take fomo/fud into account because I trade much better when I focus on the T/A itself and not outside garbage noise.

In my opinion, if these 4 things happen, we are massive bullish on BTC and crypto in general. But it must overcome atleast all 4 things in order to remain bullish for atleast a few weeks.

It does not matter if these 4 things happen on the weekend, as long as they happen then we are bullish! Remember the short squeeze in July 2021 happened on a Sunday!

Also here is some food for thought about long term BTC price prediction.

If we combine all the money there is in the world, as of March 2021 there is $1,300,000,000,000,000 of all the money in the world.
The entire stock market makes up roughly 100 trillion dollars. Crypto market cap only touched about 3 trillion dollars in 2021.
All the money in the entire crypto market makes for only about 0.23% of that! That's it! Do you know how little that is? That just shows us how early we really are in crypto. We are not even 1% of all the money there is in the world

Mass adoption in crypto is already happening. El Salvador, now Russia, and more countries to follow. Bitcoin supply is roughly 18 million BTC out there. Think about it, institutions and big sharks just keep on and on buying Bitcoin. Now more and more countries want to buy Bitcoin too. The demand for Bitcoin is just going to continue to increase and the supply is already fixed.
Doesn't this just make one single satoshi that much more valuable in the future?

If you think Bitcoin is too expensive at $30,000. Imagine how much more expensive one single satoshi will be in the future when mass adoption is here and most of the population in the world demands Bitcoin.
Bitcoin isn't going away. I could see 1 sat being the equivalent of $0.01 Of course I could be wrong, but then why are so many countries wanting to adopt Bitcoin. Why are so many institutions and big sharks wanting to buy more and more of this stuff? Why are governments banning the trading of crypto in certain countries, preventing their users from purchasing Bitcoin, discouraging them. But yet later on lifting the ban and taxing crypto? Lifting bans when Bitcoin is much more costlier than it was before the ban.

8,000,000,000+ people in this world and growing. Just roughly 18,000,000 BTC in circulation and most of it is being accumulated by big institutions and sharks. When they finally buy it all up, they will drive the prices up so high, higher than we can imagine. Demand for it will be insane with all this adoption and legal tender and stuff.

If Bitcoin market cap can reach just 1% of the entire money that there is in the world, the price of 1 BTC would equal to $500,000+ and that is just 1% of all the money in the world. With more and more money generated, that number would go much higher.BTCUSD