Bitcoin cracks $50,000! This BTC price move is something that has not occurred in any cycle.
In this brief livestream, I delve into an unprecedented move on the Bitcoin daily chart, highlighting its potential entry into bull market territory, a phenomenon not previously observed in the cyclical patterns and halvings characteristic of the cryptocurrency's history. I also explore the impact of recent Bitcoin ETF inflows, pointing to a significant increase in institutional investment as a potential catalyst for this unique market behavior. Additionally, I analyze charts for ADA, Ethereum, and AVAX, considering their implications for altcoins in light of Bitcoin's current trajectory. The discussion extends to the critical resistance areas Bitcoin faces and the possibility of altcoins following Bitcoin's lead, albeit with a slight delay. I emphasize the historical significance of Bitcoin's current position relative to its cycles and the halving events, suggesting that we might be witnessing a pivotal moment in cryptocurrency market dynamics due to a confluence of factors including institutional adoption and a looming supply shock.
Intro 00:00 Bitcoin ETF data is next level! 1:35 Bitcoin supply shock 3:30 Last time Bitcoin was $50,000 4:00 Previous BTC cycles 6:00 Watching this today 7:20 Bitcoin ascending triangle 8:20 Cardano, Ethereum, AVAX 9:30
