BITCOIN – IT’S OFFICIALLY APPROVED! #Finance

how’s it going everyone it’s Sam something big just got approved something that will most likely push up the price of Bitcoin and uh Crypto Assets in

general it’s quite bullish so I want to give you that news we also had a big day from the ETFs a really big day for Fidelity and for Black Rock I’ll go through that as well along

with some other Bitcoin and Crypto news if you don’t mind hit subscribe turn on the Bell notification underneath the CashNews.co so you can see future CashNews.cos just like this I just

filmed this whole CashNews.co and for some reason the audio didn’t record so I will I’ll do my best to go over everything for a second time cover everything that’s relevant if you want to trade text-decoration: none;">Crypto if you want to trade Bitcoin if you want to position yourself in this market if you want to leverage yourself a little bit more there’s a link to Marx underneath the CashNews.co this can also be a nice way to hedge too if you think the Market’s going

to go up in your position long right you have all these different um positions maybe you’re up significant amount in the positions but you want to protect your downside in case of something or uh there’s an economic event you can always short the market and hedge your position a bit I

am irresponsibly long I think we see we’ve seen uh a chop solidation phase where it’s looking quite bullish for the end of the year we put in higher lows and higher highs I think we’re grinding up now too Global Liquidity is going up quantitive easing is coming in

rates are going down uh election uncertainty is going to be done here soon this is typically a good time for Crypto as well in the year so I am quite excited uh I’ve opened long trades

I’m all ready for this next leg of the bull run if you want to get ready as well there’s that link to Marx underneath the CashNews.co you can trade all different kinds of Assets from altcoins to bitcoin so check it out now this just got approved the the judge on the FTX

case approved the bankruptcy plan to fully repay Crypto customers in cash with interest now I’ve seen a handful of different Twitter pages say this today I don’t know where the

source is coming from to be honest I just don’t see it um but it’s it’s going around Twitter now I think this is bound to get approved at some point if it’s not already approved to be clear I think that this is uh this just makes sense to get approved now what does this mean

well it means that $16 billion is going back to Creditors a lot of these people were invested all these people were invested in Crypto the last bll run uh and they’re

probably going to want to get a hold of some Crypto before the next leg up of the market right they sold at the bottom where they got their

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto taken away I should say from them towards the bottom of the market where Bitcoin was in the $20,000 range now they’re sitting here watching Bitcoin go all the way up to 74,000 then chop around at 60,000 and

they’re just they’re probably just waiting wondering what’s going to happen right probably been dollar cost averaging throughout the bare Market but thinking okay I can I can get a little bit more into the market before this next leg up and a lot of people will probably invest

into Crypto some will just take their cash and say screw it I’m done I’m not I’m not going to invest in #1a73e8; text-decoration: none;">Crypto anymore I had my money taken away I’m just glad that it’s back Etc but yeah a lot of people will want more allocation to Crypto before

this next leg up so be on the lookout for that that will be bullish I know a lot of people were saying that October 1 is when people are going to start getting distributions now you know we’re not exactly sure when it will be but hopefully it’s relatively soon I can see that being a

narrative too where the price of Crypto moves up leading up to this point as well now this is pretty interesting too Larry Fin and his Chargers cannot stop talking about Bitcoin every

presentation includes Bitcoin I actually talked about this in my last CashNews.co I play this clip it’s over a 3 minute clip from uh a very high up person at Black Rock at the digital asset conference it goes through why Bitcoin is being adopted so quickly if you want to see that I’ll

actually put that on the end screen now take a look at this Bitcoin typically has this happen where we have kind of a chop solidation phase it can be kind of boring um from March to October and then we see massive runs up massive run up uh during you know October to early maybe January uh February

March you can see your 245 days of course this actually was a pretty nice move it went from you know it’s hard to tell on this chart but maybe 8,000 up to 12,000 10,000 something like that that’s a decent Siz move but then we saw a massive move up to 50,000 afterwards so like a 5x after

this chop solidation phase march to October for 245 days same thing here sure we moved up a little bit but then a much bigger move after where Crypto went all the way up to about $74,000 and

then chop solidation for 245 days hopefully we see another move up like this in the next couple months right I think that’ be quite bullish uh and yeah I’m ready for it I don’t know about you but I’m ready for this next L up right I would love to see Bitcoin finally hit that

unbelievable six figure Mark at least a lot of people think it’s unbelievable I don’t think it’s unbelievable able though take a look at this big day for Fidelity and black rock okay so not a huge day in terms of trading volume ibit with 764 million not a huge for ibit but yet Arc

B had 13 million in inflows BB had 13 million Black Rock with a $99 million inflow day Fidelity with a $104 million inflow day so over $200 million worth of bitcoin bought just from these two funds A about like 230 $240 million uh from all the different funds keep in mind this is what 7 days worth

of supply of Bitcoin something like that yeah these ETFs continue to swallow up more and more Bitcoin now I know some people are sitting here thinking okay well it doesn’t matter because

the price of Bitcoin isn’t going up I’d respectfully disagree first of all if these if these ETFs didn’t have an inflow day well we would have been down much more than we are

right now cuz obviously someone was selling if the ETFs are buying when we’ve seen big green days in the past it’s typically from the

style="font-weight: bold; color: #1a73e8; text-decoration: none;">ETFs they do a significant amount of buying and then sometimes we get significant days uh significant inflow days even when Bitcoin doesn’t really go up too much that’s good someone else sells keep in mind we did

actually move up pretty drastically on the day we were up at 644 and then we came back down but we did move ahead of this this previous resistance we saw early July around 637 we moved above that we had gotten rejected by it earlier in the day and then pushed above it now the next thing we’re

looking for is a break over 65,000 that would be extremely bullish then the most bullish thing obviously would be a break of the $6,400 mark setting a new higher high I would love to see us actually come up to this line and be able to break through right now uh this trend line is pushing us down to

about 685 keep in mind this is the downtrend that we’ve seen for a while if we break this level if we break the $70,000 level I think all hell breaks loose and people get extremely long this Market cuz one we broke this downtrend line that we’ve been facing for the last 245 days

whatever that is uh and then we also put a macro like a a higher high from this point here now of course we already put in a high High recently from a recent bottom but if we could break this level it’ be extremely bullish I don’t see how bears come out and say that that that from a

technical level it’s bearish and from a fundamental level from a fundamental perspective quantitive EAS incoming elections being wrapped up rates lowering this part of the cycle is usually quite interesting we break One technical level everyone gets extremely bullish I guarantee you it I

guarantee it uh people will feel fomo like they haven’t felt in years so be ready thank you so much for watching if you want to position yourself maybe a little bit more long in the market you can check out the link to marj underneath the CashNews.co just understand the risks of Leverage

trading thank you so much I’ll see you all in the next one bye for