Vladimir Ribakov analyzes Bitcoin's technical setup and macro drivers like ETF approvals and El Salvador adoption. He sees higher highs and lows on daily and weekly charts pointing to sustained uptrend, with a price target around $75,000 and potential for $100,000 or higher, though a 4-hour bearish divergence may trigger short-term dips.
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Hello traders, how are you? Vladimir here from Traders Academy Club, and this video I want to talk about Bitcoin and the new all-time highs it is achieving. And I want to share with you my price prediction and my technical analysis on Bitcoin and to explain Why do I think the scenario I see should happen? And also let me know what do you think about the Bitcoin. Are we about to see all-time highs? What would be your price prediction and how do you see the Bitcoin? Are we going for a moon or are we going to crash? Let me know in the comments. So now let's begin. Right before I dig into the charts, if you are new to this community, welcome. To our fantastic community, I would like to invite you to subscribe to this channel. Please follow the subscribe button below the video and remember to enable the notification so you know when there is new content available for you. And also, I would like to invite you to join our trading family, the Traders Academy Club, where you will enjoy from all our real-time trading ideas Published to you in our trading journal and in our trading channel that we have here. All the ideas, all the videos are delivered to you real time and live. So now the Bitcoin. There is a big, big, big discussion at the moment as the Bitcoin making all time highs. The biggest question at the moment is, are we going to the moon or are we going all the way down again to levels of $45,000, $40,000, or maybe even $30,000 or lower? And I would like to share with you my personal point of view. Why do I think this bullish run is not over and how do I see the price prediction? And also to share with you My trading idea. I also would like to ask from you if you find this video and the idea helpful, please hit the like button and share with me in the comments what do you think about the Bitcoin and how do you see that. So what do we have and why does the Bitcoin reach all-time highs while China continued to ban the cryptocurrencies officially and Behind the scenes, all the whales in China keep pumping the the coins, and more and more and more money goes into that. And on the in the U.S., they're thinking how to regulate, and so on and so on. On the other hand, countries like El Salvador and many other names that start to join on the list consider how to make Bitcoin official. And at the same time, for the first time, there are ETFs allowing to trade the Bitcoin and to hold the Bitcoin, let's say, portfolios. And it's, from my point of view, it's huge news. And it's just another step in recognition and acknowledgment of crypto market. General and the Bitcoin specifically as a legitimate source of payment transactions, money processing, and so on and so on and so on. So taking all the strong bullish sentiment that we have on the market makes me think that no, this game is not over, and. One of the questions my followers love to ask me, Vlad, what do you think about this Bitcoin? So I admit personally, when the year started, I was under the impression that here we are going into sort of a range before we fly to new high. Clearly there was no range. I was wrong as anticipating that there will be any sort of a slowdown before the new highs are achieved. So when we take a look in a Big picture. What does happen on Bitcoin is we got a massive rally back then in 2017, much more massive rally since 2019. Then we got a huge drop down where the price was halved, and then we are here. We are right now, October 2021, making all-time highs. Sounds brilliant, generally speaking. And I think there is further room for that. And the reason I think so is because, first of all, the sentiment is bullish. More and more and more money flows in. And technically speaking, the most recent price combination is still making higher highs, higher lows, and there are no reversal signs. not on the weekly and not on the daily charts. So what does all that mean? That every pullback that we will have, if we have, should probably— and I say probably because not myself and not no one can guarantee something to happen, so we all work with probabilities in trading business— and I think because there are no signs that it's over. We are just continuously creating higher highs, higher lows. There, there is no completed divergence nowhere. There are no lower highs, lower lows formed, no fake highs yet created. So why would that stop? So my personal view that no, it's not over. There might be any sort of a drop here. And I didn't say drop, it could be $2,000, it could be $10,000 drop. points drop. And it's Bitcoin we are talking about, so trying and predicting how this one would behave is basically— or how deep this one could go— it's sort of ridiculous. Because with Bitcoin being so volatile and making thousands of points in a day or in a week, everything could happen fast. However, I personally would use this opportunity, use the drops if they come to try and to join on the ongoing trend, taking it to all-time highs. Which will also answer the question is, Vlad, what's your, uh, target prediction? I personally think we should see the Bitcoin achieving the milestone around the $75,000, uh, and there is a very positive chance we would see that. I don't know to say about the Time prediction, but as per level, I would not be surprised if we see the Bitcoin reaching even the 100,000 or even more. So yes, I think there is more room to achieve these insane in some way highs. And watching on a lower time frames, like for example what we see now on this four-hour chart. Then I believe that we should be seeing here with a bearish divergence that currently developed on this massive rally we've had here and also here at the last two highs, we should start to see some slowdown. And with every correction that will take us back to the previous lows, if it's here, here, or Much deeper, we should be looking for further bullish continuation. So that's my personal observation over the Bitcoin and price prediction of what I expect with this with this coin to happen. Let me know how do you see that? What would be your expectation on Bitcoin? And maybe there are some interesting other coins you would like to share with the community, so let us know in the comment section. And meanwhile, thank you very much for your time watching this video. I wish you wonderful trading and all the best, and I'll see you soon with more trading ideas. Bye for now.
