welcome back everybody to altcoin daily news opinion perspective this is why you subscribe
big video today you're going to want to watch the entire thing
i want to talk about why it is likely that bitcoin's bottom is in
why the next cycle top could happen sooner than we all think i want to talk about bitcoin and
ethereum cycle top price predictions and i want to talk about why this cycle might be the cycle where
ethereum flips bitcoin a lot to talk about today smash the like button check the timestamps below
we'll start right here bitcoin's bottom may be in because of three technical reasons historically
when the following conditions are met the bottom is in the bottom was in three other times
when these historical ta conditions have been met what are the conditions number one bitcoin's price
is testing the 200 week moving average number two take a look at this red line it's of the cct
bollinger band oscillator and it is below the zero level and number three the red line the bollinger
band oscillator has crossed over the greenish blue dots so all three of these conditions are met
suggesting the bottom is in obviously we're not gonna know if the bitcoin bottom is in
until enough time has passed i think it's likely it's not for sure let me know what you
think if you think the bitcoin bottom is in in the comments below now let's talk about the next four
year cycle and why this four year cycle could be left translated meaning the cycle tops out a lot
sooner than we all think and then we'll talk about ethereum flipping bitcoin
and price predictions so this analysis is from ta and cycle expert bob lucas obviously if you
subscribe to us you know he is the perpetuator and popularizer of the bitcoin four year cycle
bitcoin's four year cycle did actually play out last cycle it didn't get as high as we all thought
but the timing was exactly right so are we entering another four-year cycle it's possible
and this is how that could play out in theory becoming 2023 to 2026 bitcoin four year cycle
is the final four year cycle of a larger 16 cycle because we've had three other four year cycles in
the past this would be the fourth in a larger 16-year cycle the fourth of four cycles should
form left translated to provide for a declining true bear phase of the 16-year cycle what does
this mean what does left-translated cycle mean well the top the price top of this cycle occurs
early in the four-year period this period is measured from trough to trough from bottom to
top this will allow for more time to decline after the top over the period and generally results in
a lower low forming from one cycle trough to another so extended bear market after a top
if it is left translated and comes recent this is what we're talking about a 16-year cycle multiple
four-year cycles this one being the upcoming possibly left translated one we are here and
as you can see in other four-year cycles they're right translated the top happening at the very
end before the bear market this one might happen sooner rather than later and then an extended bear
market it goes without saying this is not written in stone it's a general guide on how cycles behave
and how they are tightly intertwined cycles exist in many varying time frames in theory the bitcoin
2026 lows so the next cycle's bear market lows would actually form below where bitcoin
has dropped in 2022. this is in theory this is hard to believe right i also couldn't believe
that the nasdaq could drop 80 from 2000 and that stocks like amazon and apple could drop 90 and 85
what's the point well mostly i don't believe that a true blow-off mania in crypto has occurred yet
and given 10 years of mania adoption hype it certainly deserves a worthy blow-off and given
where we stand in the four-year cycle a major major opportunity is once again on our doorstep
and if you thought this last four-year cycle with stops and starts was difficult to trade you ain't
seen nothing yet by the time bitcoin is clearly in a new powerful four-year cycle most of the
move will have already been done yet the media and your favorite celebrities or influencers will just
be getting started the calls for super cycle will dwarf the last cycle calls i think the next four
year cycle surprises most people because looking at the prior chart this four year cycle profile
needs to be vastly different from all others macro analysts and bitcoin maxis will be right then be
wrong because they are too conditioned to prior cycle behavior having math followers of the four
year cycle videos know that this isn't a new view it's been discussed in many of the videos over
the past four years even maybe the first one bob luke has put out i stand by this view not because
of bitcoin's behavior but because i'm a believer in the repetitive cycle of human behavior so it
is possible we could have a left translated cycle it could happen sooner rather than later and that
could enter us in to a multi-year bear bear market doesn't have to happen this is one possibility
and this is something that we should be cognizant of another possibly unpopular take you tell me
is that with ethereum 2 with the merge to proof of stake i believe that ethereum will have the
narrative to flip bitcoin near the highs of this next cycle might be short-lived but it kind of
feels destined my bitcoin followers perhaps probably the bitcoinmaxi followers might hate this
view but just calling it how i see it by the way this does not stop me from holding a considerable
bitcoin position bitcoin is my number one position ethereum is my number two position
think about it if ethereum hasn't died and it's actually thrived versus its competitors all of
these innovative l ones it's not going away now in my opinion the translation here is that if bitcoin
reaches a let's say a hundred fifty thousand dollar peak for next cycle and ethereum flips it
this implies a 25 000 price for each i think these are very realistic if bitcoin is to have another
cycle i think these are very realistic for near where the cycle tops will be further thoughts on
narrative market wants sexy markets want innovative bitcoin is gaining perception as
being stagnant cementing its role as just a store of value nothing wrong with that especially if you
want to be a superior store of value but pure store of values are not sexy seagulled again
let me know what you think of all of this in the comments below again this does not have to happen
it is just possibilities but i think there's a lot of reason to think that something like this will
happen and even thinking beyond the cycle let's think about the fact that this is a new paradigm
this is a paradigm shift the genie's out of the bottle expert kathy woods of arc invest wrote a
report saying ethereum will reach a 20 trillion market cap by 2030. the whole cryptocurrency
market at the moment is a one trillion dollar market cap i loved what you had to say despite the
latest drop across the board for crypto currencies to start 2022 arc invests kathy wood is looking
towards the long term and sees ethereum reaching a 20 trillion market cap by the year 2030 quote each
coin could be priced at around 170 000 to 180 000 per one ethereum how could ethereum get to these
levels well there's a few reasons just to list them off quickly number one as financial services
move on chain decentralized networks are likely to take share from existing financial intermediaries
number two ethereum's blockchain network forms the basis for other developers to create their
own cryptos given that specific use face use case versus bitcoin's utility as a store value
ethereum has the potential to quote displace many traditional financial services end quote according
to kathy wood also another case for increasing ethereum demand is a drop in fees ethereum's fees
have fallen along with its price given even more reason for users to transact with eth and also
ethereum support is rising among the developer community so a lot of reasons to think that
ethereum could be around for a few more years and it could be even more valuable a few years
down the line of course this is far in the future but the world is changing how can you not see it
gucci now accepts payments in apecoin gucci is doubling down on web 3. the high fashion brand
announced on twitter today that it has started accepting apecoin payments via bitpay in select
boutiques across the us it comes after gucci declared in early may that it would authorize
crypto payments in general in select stores in new york los angeles miami atlanta las vegas the list
of accepted coins include bitcoin ethereum be cash litecoin dogecoin shib and multiple stable coins
if you don't know apecoin is the governance and utility token for the ape coin dial which is
tied to uglab's board api club affiliated other side ecosystem their metaverse board api club
became the world's top nft collection during the boom in the market in 2021 it has been paraded on
television and social media by celebrities such as paris steph curry jimmy fallon
and like i said the world is changing you can see it and crypto and the world is becoming
easier to use and multi-chain solana unicorn magic eden expands nft marketplace to ethereum
so magic eden the most popular nft marketplace in solana will add support for ethereum beginning
this month and this is just the start their goal is to become multi-chain so maybe tesla's next
or maybe cardano next who knows maybe avalanche the startup magic eden which was founded less
than a year ago was valued in june at 1.6 billion following its latest vc funding round making it a
crypto unicorn beyond that we're cleaning up this industry stuff like this is cleaning out the bad
projects cleaning out the nefarious people well i mean in this case kim kardashian's legal team is
filing a motion to dismiss the ethereum max crypto lawsuit but it is still happening nonetheless
kim kardashian's lawyers filed a joint motion to dismiss the class action complaint against the
american businesswoman for promoting an alleged pump and dump crypto token in general scaring
off celebrities next cycle from doing stuff like this hopefully beyond that you know we need to be
honest in this space we need to be transparent everything is on the blockchain after all this
was kind of a black eye for helium helium pledges much more rigorous process after salesforce and
lime the scooter company deny having a partnership with helium helium is developing one of the more
unique blockchain use cases out there with its user-powered wireless network incentivized by
crypto tokens the buzzy project received blowback last week however when a pair of prominent
companies that it listed as partners denied that they were ever working together helium's founders
now say that they're changing how they handle and market such alliances if you're wondering how
exactly helium misrepresented their partnerships well they put the lime logo on their site
they put the salesforce logo on their site and recently lime told mashable that we don't have
an active partnership with helium lime's logo has been prominently displayed on the helium
website but a representative for the scooter's firm told the publication that it had only taken
part in an initial test in 2019 many years ago and a similar story for salesforce the helium
website quickly removed both logos as they should and finally perhaps you've heard another bridge
exploit bridges are a lot weaker than the l1 crypto protocols that they bridge or the l2s
nomad was the token bridge drained of 190 million in funds in security exploits for more context
nomad was the official bridge for evm os cosmos's evm moonbeam or polkadots evm and
milk oh media another evm unfortunate this stuff happens if you use bridges be careful out there
my name is aaron at altcoin daily hit the like button subscribe to the channel see you tomorrow