888: BITOIN ON ITS WAY TO NEW ALL-TIME HIGH ONCE IT CLEARS THIS HURDLE, BULL CYCLE PEAK TARGETING $170K!!

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3.6 • 626 Ratings

🗓️ 31 March 2022

⏱️ 20 minutes

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Summary

Popular crypto analyst Nicholas Merten says the king cryptocurrency Bitcoin is in the middle of a push to $70,000, with one critical resistance level left in play. Another popular analyst Plan C shares, "I do believe in diminishing returns as well as diminishing losses. My cycle peak target is 120-180k" This was in response to Crypto Rovers tweet, "If we believe in the diminishing return structure, we should look at a Bitcoin market cycle peak somewhere around $170,000!" Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:55.3	Y2K. That's Y2K spelt W.H.Y2K. In today's show, Bitcoin just regained the key price trend line
1:02.9	after as long as absence since March of 2020. That's right, the 350 day moving average
1:08.2	is the latest bullish signal to return to the Bitcoin price action,
1:11.6	making quarter one, 2022, looking increasingly outside of the trend. And as shared here by
1:16.6	Reck Capital, Bitcoin has performed the weekly candle close above the 21-week bull market
1:21.2	EMA when price is in an uptrend for the first time since mid-July 2021. And as on-chain analyst
1:27.2	Dylan LeClair shares here, 81% of the Bitcoin supply is sitting in profit for the first time since mid-July, 2021. And as on-chain analyst Dylan LaClair shares here,
1:28.6	81% of the Bitcoin supply is sitting in profit and plan C shares, I do believe in diminishing
1:33.8	returns as well as diminishing losses. My cycle peak target is between $120,000 and $180,000,
	...

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