🚨BITCOIN HIGHEST WEEKLY CLOSE EVER SETS UP CRYPTO MARKET TO PUMP!

We got some big updates around bitcoin. It had its highest weekly close in history at one hundred and nine two hundred dollars. Here's what analyst Matthew Hyland had to say. Bitcoin completes the highest weekly candle clothes ever. Bulls are in control. So this goes back to our thesis which we've been talking about for months now. Despite all the dumers and the people saying the market is over bear market,

here it is. Right. We were saying, the bullmarket's still intac The on chain data, the macro, the technical analysis on the charts, all we're showing that the bullmarket was still intact despite fall latility, despite market pullbacks and crashes, right because the key support levels were not broken. Whales

were still accumulating, Global liquidity was still rising. But you got to watch out for people who are just sharing sentiment because many of them are not looking at data and facts and the charts, and you want to make sure you're sticking to the data. So this is a very good sign for the continuation of the bull market. Now doesn't mean Bitcoin tomorrow is going to pump to one hundred and thirty thousand dollars in one week, of

course not. We're gonna stare step our way out of the consolidation zone we've been in, and of course the market doesn't move in a straight line. We're gonna work our way up and then we'll hit a parabolic phase, just like we saw in Q four. We worked our way up and then all of a sudden, Bitcoin broke out, and then all coins followed, XRP, Solona, all these coins started moving. So if you're not a Bitcoin holder, it doesn't matter. You're still waiting for Bitcoin to make its move.

We use bitcoin as the measuring stick, so we're waiting for that move. And this is a very good sign that we had the highest weekly close ever. Yeah, that's a bear market. That's what happens in bear market, if you get my sarcasm there, right, But guys, Bitcoin right now trading at one hundred and nine four hundred and thirty five dollars. So let's see what this week brings us as we continue to stare step our way out.

We're waiting for bitcoin to break one hundred and twelve thousand dollars and then it will enterprise discovery once again. When you look at the higher timeframe of the weekly chart, still looks very bullish. Bitcoin's RSI on the weekly still shows room for upside here. We're not in the overbought zone. The mac D is still green, showing the bulls still have the momentum. Bitcoin dominance, even though it's consolidating sideways

right now, has been on the rise, and I believe it's going to continue to rise to about seventy one percent, and we're going to see Bitcoin steal the show. Of course, where the liquidity is going to float to Bitcoin, it will pump to new highs. Then the rotational liquidity will take place, and of course, in order for it to do that, you need to see the tether dominant keep

breaking down. So tether dominance had started breaking down since April, and we saw Bitcoin hit one hundred and twelve thousand as a result, and some all coins started waking up like ethereum and so forth. But then tether dominance has been moving sideways. Now this is speaking to the stable coin liquidity. We use it as a benchmark because we know a lot of the liquidity comes from tether, and once that enters the market, the assets pumped. So we're

talking bitcoin and all coins. And as you can see here in Q four, we had a major breakdown even in Q one into the early innings of Q two the breakdown of the tether dominance, and that took us into a big rally. So patients is the key here. You gotta be patient. Things are playing out. The thesis is still intact here based on the data now, not our feelings, not our emotions, and we're gonna see that big rally, folks, But we got to go through the

volatility and be patient. And here one analyst on x shared a chart analysis of the tether dominance saying, I compress this fractal and it fits better. Would mean that USDT dominance is about to have a very large move from now until late July. Crypto rips hard until late July, so we could see a major rally. There's no guarantees here, of course, because there are different factors that could change

things around. Just look at what happened with the tariff situation and that big crash that pushed everything back the timeline pretty much. So let's see how this plays out. We're still early in July, and this rally that may start in the middle of July or so or late July, could bleed into August. Then maybe the latter half of August we see a correction, then a continuation sometime in September into October. Again, this is what we're looking at

from the timeline and how the charts are moving. We'll have to update the thesis as things progress. But from the macro, the bull markets still intact, especially with global liquidity, and these things continue to rise. So I shared a

couple of charts in my newsletter today and be sure to sign up for my newsletter. It's one hundred percent free.

You can go review these charts in detail, and one of them is the total crypto market cap showing where we're at right now, and that using elliot wave analysis, we still have ways to go here with in the micro or the short term, a third wave which will take us to a peak come late July and into August, then a correction and then move up into Q four, so that will be the completion of the macro fifth wave. And again macro, so we're talking like the entire year

and multiple years here. So you can see here the chart analysis and signals are aligning to there's more upside here. In addition, if you use a Fibonacci model for the total crypto market cap, which would take us to near ten trillion dollars, that would be a four point two

three six extension that we have nowhere close there. So we got ways to go, folks, And as I've been preaching for NonStop, make sure you have a profit taking plan because there will be a bear market all bull markets n and a blow off top and then a deep correction. Now, will the correction that's coming up in the bear market this time around be as deep as the ones before? Probably not, because you have et apps

and much more. However, all markets correct right, even the stock market, and let the tariff crash be an example to you. Black Swan events can happen, so make sure you have your plan and you know what you're doing now. One signal I often share with you guys for bitcoin is the pie cycle top indicator and that is nowhere closed to signaling. And this is one of the metrics we're going to look at closely as the prices continue

to rise to get an idea where we're at. You know, earlier I mentioned bigcoin whales continue to accumulate, so data from Santaman showing on chain data while it's with ten or more coins continue to increase. You look at this charge here. I know some of you listening to the podcast can't see it, but trust me when I tell you, and I put it in my newsletter. By the way, we continue to see the rise here, and they are accumulating. When they are exiting the market, you see this number

start to dip. And a clear indication of that was in Q two of twenty twenty four with the Bitcoin bider rum or sell the news event where bitcoin was super overheated. It had hit new highs ahead of the having there was a massive dump. This same chart showed the massive dumb and that correlated with the price pullback of course, So we're gonna watch all these things closely, so stick with me. Make sure you subscribe to the newsletter,

your subscribe to the podcast. On the podcast networks on YouTube. You got the notification bell enabled because once again we want to walk away from this bull market with money in our pockets. Folks. Quick word from our sponsor, and that is Treasure. Treasure makes beautiful hardware walds that make it easy for you to safely store your crypto. I'm a user of the Treasure product. I use the Treasure Safe five device. Treasure was the first to pioneer crypto

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many of you heard about this Elon Musk. He's been going through a whole political battle with President Trump and much more, and he's talking about creating a third political party, which would be the America Party. Now, someone asked him on X as he posted about the America Party. They said, Elon, will the America Party embrace bitcoin? He said, fiat is hopeless, So yes, wow. I don't know where this is going to go, but we know Elon is bullish on crypto.

He personally holds bitcoin, Ethereum and dochcoin, Tesla holds bitcoin on his balance sheet. So I expect he's going to do a lot of updates to the X platform because he wants to make it an all in one app with finance and trading and and so forth. And I believe he's going to integrate blockchain and cryptos. So we'll

keep an eye on this. So regardless of if you're a fan of Elon or not, that's not the point what we're looking at as investors is adoption and on all fronts, right, in all parts of the society, whether it be Wall Street, trad five culture, society, even politics. Right, So all of these dominoes are falling and cryptos getting penetration on multiple fronts. So this is all bullish in my opinion. Now, Eleanor Turd reported the following that this

coming week there's going to be a hearing on Wednesday, specifically called making America the Crypto Capital of the World, focusing on building a twenty fourth century tax policy framework for digital assets. So this is outside the Clarity and Genius Act, which is the market structure and stable coin legislation, respectively. But apparently this is being postponed. It's going to be pushed back due to the Houses out of session this week.

So the point is, though, this could be significant because they could open up possibly you know, some sort of tax benefits or crypto holders, maybe less capital gains tax right, maybe the ability to spend some of your crypto tax free without you know, hitting that tax penalty of conversion. So it's out of course, so let's see how this plays out. But boy, if they cut back on capital gains.

I would love that, man. That would be amazing because I've often said capital gains taxes highway robbery by the US government or in governments in general. Because you take your already tax money, you go and invest it in an asset it appreciates, you take profits, and the government comes and takes a cut. You know what I mean. That's highway robbery by the government. Man. But this would

be very interesting and very bullish in the market. And as I reported yesterday folks, and even in my newsletter today, Crypto Week, as the folks in the House Financial Services Committee are calling, it will be July fourteenth through the eighteenth where the three major bills will be reviewed, which is the Clarity Act, the Market Structure Bill, the Genius Act, the Stable Cooin Bill, and the Anti CBDC Surveillance Bill. So we are seeing Congress ramping up here towards crypto

legend stations. So this is why if you step back and you look at all the puzzle pieces global liquidity, the charts, Bitcoin highest weekly close, what Congress is doing putting out the big banner out there Crypto week right, and we're seeing signs of a possible rally coming in you see all the puzzle pieces lining up here right, there's a narrative to go with maybe the rally, which is,

you know, stable coin legislation gets passed. Remember stable coin legislation passing through the House, it goes straight to Trump now for signatures because it already passed in the Senate, so I believe it will make it quickly through the House, and the Clarity Act will. Once that passes the House, it has to go to the Senate. And as David Sachs had highlighted the last week of June that you know that's going to play more into September. So this

is where again follow my timeline that I was sharing earlier. If you align the chart analysis here right with what the government is doing with crypto legislation, you see a rally into late July, correction into August, then a pump into maybe the second half of September, ends in October. That's something to keep in mind here, folks. So this is why you want to be an educated inform investor. Look at all aspects. You can't just have tunnel vision for the chart. You gotta look at the macro. You

got to look at what the government's doing. You gotta look at global liquidity, you got to look at on chain data with the whales and much more. So that's what I'm trying to give you here, the full lay of the land, so we can be as educated as possible as to what this market's doing. Because we don't have a crystal ball, so we use the signals, the metrics and so forth that we have, and like I said, have that profit taking plan so you walk away from

this bullmarket with money in your pocket. Just be prepared. This is the year, in my opinion, of the bullmarket blow off top and it may bleed into twenty twenty six. Again, I don't have a crystal ball, but just be prepared mentally and to know what your plan is. And I've got my plan written down and I'm starting to prepare to move coins around and you know, get ready for the rally and put my cell targets and all that jazz. You know. A tip, I'll give it to you guys.

If things get really crazy, euphoric and greedy. Some exchanges may experience downtime due to traffic. So I set up accounts with all the major crypto exchanges uphold coin based cracking GEM and now you name it full kyc AML, full security in place, so that if I have problems with any exchange, I could just jump to the next if you know what I mean. So just be prepared

with stuff like that. And in addition, you know, let's say you take profits and you're ready to transfer money to your bank, call your bank ahead so your transactions and things don't get run into roadblocks. Say hey, I'm transferring money from an exchange over to my bank account. Let them know and all that right. Obviously, what your

tax implications are. Some of you are in different countries or different parts of the country, different income levels, so you need to make sure you're talking to an accountant and know what you're doing. I've already spoken to my accountant like, hey, expect this, you know, and I think the second half of this year, and you know, I'll update you as I take profits and what that looks like and what I should be holding or maybe paying upfront to the irs. Some people do that, right, and

how I'm going to navigate that. So things to keep in mind, folks. We want to make sure we are well prepared because this is a once in a lifetime opportunity and you know there's the law of diminishing returns where you won't get the same return. As the market gets larger and matures, right, more liquidity will come in

more buyers and so forth more holders. So even though I am anticipating more gains in twenty twenty eight to twenty thirty, as far as higher prices, I should say we won't see the same level of returns on certain coins right as they mature. But maybe newer coins you could see them pop off. But anyway, we don't want to get to have myself. Let's make some money in this cycle for us before we start planning for twenty twenty eight to twenty thirty. So, folks, let me know

to think. Leave your thoughts and comments below hit the thumbs up button. A great way you can support me in the podcast is by subscribing to my free email news that are one hundred percent free. It's on Substack. Check out my book on Amazon. It's available in paperback and digital, and check out my course at Mycrypto course dot com. This is a comprehensive course that teaches you every aspect of crypto. Check it out, folks. Thank you

so much for watching and listening. I appreciate you all, and I'll talk to you all later