URGENT: Bitcoin Top January (High Probability) Price Target: 300k! Ethereum & Altcoin News
My name is aaron in todays video im going to share with you different charts and metrics were going to drill down on bitcoin and eth were going to get specific regarding. When will the cycle top happen? How high could it go? I also want to update you on altcoin news, including nem im going to share with you whats going on with maker dao were going to talk about the huge milestone that link has just achieved solana and all our favorite altcoins, just like usual, if youre new to The channel feel free to subscribe. We drop one video every day, keeping you informed news. Opinion perspective smash the like button. If you appreciate us coming at you on a sunday and lets get into it, my highest probability, bitcoin top remains mid december to end of january. My highest probability as in other things could happen, but according to four different metrics, this remains the highest probability. A bitcoin cycle top mid december to end of january lets go through these four one by one historic, rvi angle. This is what were looking at right now. This is the metric down here and you can take a look at the 2013 cycle 2017 cycle and this cycle, the 2021 cycle – and you can see theres a midpoint where the historic rvi hit the top in 2013 and 2017, and it looks like thats happening in 2021 as well lets talk about trend based fibonacci time extensions.
You can see 2013 2017 this cycle and according to the data again, this is pointing to a cycle top right at the beginning of 2022. The third metric final impulse steepness. This is what were looking at right here, as you can see every single cycle as the bitcoin bull market, matures the gains start to come a lot faster near the end and the steepness gets accelerated and eventually it tops out and the market turns and right now The top up point is again pointing into the first month of 2022 the final metric low to peak lines, as in lets take a look at a previous cycle. We could do the 2017 one, but that was a single peak cycle. A lot of people are comparing this cycle to the 2013 cycle, a double peak cycle. A lot of people are saying: 2021 is a double peak cycle and if you take a look at 2013, draw a line from the cycle bottom to the cycle top you can see that the price actually touches right near the midpoint. It touches the line before the eventual cycle top in 2021. We know the cycle low. We have yet to know the cycle top. If this is a similar midpoint like we saw in 2013 – and we touched this line, that would indicate a cycle top will happen around the end of january 2022. Now it doesnt have to happen like this atop well into 2022. The lengthening cycles theory would have to break all four of these metrics definitely possible, and i hope they do a longer cycle.
A slower grind up would be all around better, but if these metrics are accurate, understand that, in the context of this cycle, we are here which is equivalent to being here in 2017, which is equivalent to being here in 2013., and if these four metrics are correct. If the cycle top does happen in december, or even getting into the end of january 2022, taking a look at all of that plus just comparing the cycle to 2013 and 2017 in general, taking a look at the fibonacci levels, understanding that bitcoin is a better version Of gold and taking a look at what happened to gold in the 1970s that puts us at a price of 200 to 300, 000 bitcoin looks almost programmed in. Do you put stock in this? What do you think? Let me know your thoughts in the comments below, but why not right, if it doesnt happen december or january, those prices are going to happen eventually, in my opinion, because bitcoin is fundamentally strong. This is sound money in one chart, bitcoins issuance gets cut in half every four years if supply just stays the same because of supply and demand price should go up, but i tend to think that demand is only increasing, especially because this is the first cycle where People truly understand that bitcoin and cryptocurrency are here to stay, combine all of this and understand that a major bitcoin upgrade is only days away about a week away.
This is the first major upgrade that bitcoin has had in over four years. Bitcoin soft fork days away as tap root upgrade closes in what will this do for the network? Taproot upgrade aims to improve the networks, privacy, efficiency and smart contract capabilities. This is going to be great for bitcoin and because of all this a 200 and 300 000 bitcoin is something that i think is very possible. Im bullish on bitcoin im, bullish on ethereum, im, bullish on quality altcoins, so lets talk about that ethereum and also ethereum interoperators and competitors are also looking fundamentally strong in their own way check out this metric eth locked in smart contracts versus eth just sitting in wallets. Probably not moving so eth locked in smart contracts is up 70 percent year to date. This is what utility looks like this is what utility looks like im, starting to think that eth 2.0 might actually be a pretty big deal because understand that currently only seven percent of the entire eth network is currently staking. This is what that data looks like more people now more than ever are currently staking ethereum. This is bullish, yet still only seven percent. However, they will likely start staking soon or else theyre risking missing out on tons of yield through ethereum fees also understand that avax soul and dot already have 50 plus staked. This is solana, pretty pretty cool, also very bullish metric for ethereum. This has never happened before ethereum miners are now making more money than bitcoin miners.
Even before fees slash eip 1559, so ethereum hash power is skyrocketing. Proof of stake is not yet around its still proof of work and people are turning on their eth miners. People are trying to get ethereum. Besides that, the percentage of eath held by the top 100 wallets is flirting with a new all time. High whales seem to be accumulating, besides that this is the time to get your transactions in ethereums gas fees plummet, while prices soar very bullish for ethereum, very bullish for eth interoperators lets get to some other altcoin news. Do we have any nem fans watching the video right now now i dont hold any m, but i do like nem theyve made it past one full cycle, theyre still building the news. Is this nem announces its seventh hard fork named harlock. The project team claims that, after six years, nem is coming out of beta and will be open source. So this, surely is a big deal to the nem community. Key takeaways are as follows: nems harlock, hard fork was announced today. Nem nodes will vote on whether or not to merge into a sub chain of symbol. Nem is known for pioneering the proof of importance consensus mechanism in other news maker dao. I know a lot of people like maker dao. It is a decentralized alternative to stable coins. Unlike usdt, unlike usdc, which are centralized stable coins maker dow is a collateral backed decentralized, stable coin. The blue chip for what it does, but then again, theres always been that question is maker dao, that decentralized or to what degree, because sometimes it feels like it isnt because they make decisions which proves that.
Well, the news is this maker dao making moves once again into d5 decentralized, stable coin die is changing the way we defy and its a little bit complicated. The way that i understand this story is that maker dao is allowing you to use ethereum as collateral for the maker dial ecosystem for their stable coin, and you can even stake your ethereum while its being used as collateral. As as i get to understand this story, more im going to keep updating you on whats, going on at maker dao in other news solana, hits all time high of 260 solana set another all time high. This weekend i mean almost all of the ethereum, inter operators and competitors, eagled polka dot, theyre. All setting all time highs, as we went over a few days ago for solana specifically their nft ecosystem, is one of the best in the game. As the solana ecosystem continues to expand. Nfts on solana have seen formidable growth. Total nft secondary sales volume on solana has officially reached half a billion dollars doing so in just three months, pretty cool. I do want to take 60 seconds to thank our sponsor, and my question, for you is: have you gotten your bitcoin back credit card? Yet this is a great credit card. You could earn an unlimited 1.5 percent back in bitcoin on every purchase, use the link in the description blockfy.com altcoindailycc its, in my opinion, the best in the game. It differentiates itself in a big way, no annual fee, no foreign transaction fees.
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