Welcome everybody crypto my name is Ben I ignore those guys with cameras in the Background uh look today I want to talk To you guys about Bitcoin because you Know Bitcoin is near and dear to my Heart everybody loves Bitcoin but you Know when everybody loves Bitcoin more When the price of Bitcoin is going up And it has been going through the roof Lately We hit the highest price we've hit in Six months now why is this important but It's not quite where it needs to be yet Well this is important important because Number one the price is going up for Some interesting reasons we don't have Anything really on the downside pulling It right now like last week we had People saying oh the CPI numbers are Going to be really bad and uh you know Before that of course it was the fomc Meeting and what are they going to do What is drum Powell going to say we just Don't have anything coming up anytime Soon and since things were bullish they Were last left bullish with the results Of both of those instances there's just Not a lot pulling the price down we've Also got institutions on the other hand That are now minting usdc and buying Bitcoin with it so you may know or you May not know maybe you're new is when Money flows out of exchanges that Generally is a bullish thing when money
Flows into exchanges that generally is a Bearish thing because that means who are Getting ready to sell however when you Look at stable coins they're the exact Opposite when stable coins are moving Off of exchanges that means that people Are not willing to put those stable Coins into crypto during that time when When stable coins are flowing into Exchanges that means people are getting Ready to take their stable coins and Actually buy crypto with that so there's A lot of of benefits of looking at What's going on with these table coins Well institutions not only are they Flowing in right now but they just Minted billions of dollars worth of usdc Getting ready to go into different Positions probably mostly ethereum and Bitcoin as well And so they're really ready they're Waiting a lot of people are realizing if You're waiting for 10 to 14K you've Probably missed out and that's why we've Been telling you guys two dollar cost Average ever since uh August actually is When we said start of course we saw some Drops but now Looking pretty smart doing dollar cost Averaging since that time so here's the Thing are we where we need to be yet Okay can we officially say that we're a Hundred percent out of the bear Market Not quite yet the number to watch is
25.5 000 we hit 24 9.50 last night it's retraced a little Bit as it's coiling up and getting ready For possibly another move is it going to Go up or is it going to go down of Course the most essential question in All of crypto But if we go up and we pierce the 25.5 000 level that means that no longer are We going to be looking at a prolonged Bear Market we are going to be looking At a 10-year cycle for Bitcoin that now It's you know we're going to be 20 30 Before we head into all times no no all That's out the window we are tracking Right along with every single Bitcoin Cycle that we've seen so far and in fact We might be we might be training a Little more bullish than we have before At this time in the cycle now if we hit 25.5 000 does that mean we'll never go Below that number again absolutely not Um most likely what we will see is we Will see the price of Bitcoin uh you Know have a retracement Down Pro I still think there's a good Chance we go down below 20 000 one more Time barely 19 995 is where CME Gap Exists I I believe see me a gaps are Pretty consistent we got a video coming Out showing you that exact number uh Pretty soon on how many of those fill But but the point is there's a great Chance that we do see some retracement
But if we can just get above that 25.5 000 level All of the bare narratives are dead at That point because if we look at a Retracement we're now looking at a Retracement on bullish action not a Retracement and a Perpetual bear Market Which we've seen ever since early last Year so let me know your comments down Below what do you think Bitcoins go Anything we can hit 25.5k is it possible That by the time this video comes out we Might even be there not sure but let me Know what you think are we in a bear Market are we in a bull market what are Your prospects how high do you think Bitcoin is going to go on this run how High do you think bitcoin's gonna go in This next Bull cycle show us down below So I got be blessed way out
