BITCOIN HITS $80K WITH BULLS IN CONTROL & BIG WEEK AHEAD FOR CRYPTO!

bitcoin because it is only a few hundred dollars away from eighty thousand. At the time of recording, it's at seventy nine thousand, six hundred and fifty dollars. Earlier it went over to seventy nine hundred bucks. So what I've been seeing over the weekend is that bulls and bears have been battling from momentum. Because if you look at the chart, and we actually touched on this on Friday's podcast, that is the mac D on the daily chart flip

bearsh Now it's at the cusp of flipping bullish. So it's really wild that this would be an epic fake out here for the bears if it flips back to bullish. And look right now, there's a small slither of a green candle forming on that macde and the lines are crossing here. So it's so fascinating. You know, Bitcoin's been

in this rising channel. What we've been talking about for over two months guys, you know in my newsletter on the podcast, is that we are any relief rally with the potential to hit eighty thousand or above go to eighty five. Some analysts are saying we can go higher to near ninety thousand, but you know, the formation of this rising channel here for bitcoin is also forming a

bear flag. But the one positive sign we saw is that bitcoin broke through the down trend trend line here right touching the ultimate top in October to the local top in January. It broke through that. So that's a positive sign. But of course, there are no guarantees. I always tell you guys, we're talking probabilities here, and markets can certainly fake us out. But that's a positive sign. And Bitcoin almost at the cusp of hitting eighty thousand

dollars what looks like tonight. You know, that gives a strong indication it could go a bit higher, possibly going to eighty four eighty five. Again some analysts calling for higher, but I think with the CME gap being between eighty two to eighty four. You know, we could go touch those prices for sure and fill the gap and then roll over. Now, as I've been saying, I think this is just a relief rally. I don't think this is

a move to new all time high. You look at the RSI and the daily chart, it is approaching the overbought zone. It is not there yet, but it's nearing it. So you know, could Bitcoin rally to eighty two ish, eighty three, eighty four and then hit the overbought zone then rollover? Yeah, it's possible. And of course on the downside, you know, could it just go back and test the lows of February where we hit fifty eight K that's

possible or go lower? Right that, we can't rule that out, especially if you believe in the Fourier cycles, which are still playing. They haven't been invalidated, so we're gonna have to wait and see it again. It's all probabilities. You're gonna see in the common section people who are bearish and're gonna say you're an idiot. Bitcoin is not going to eighty four. Then you're gonna see people in the bullish side you're gonna say, biccin's not gonna roll over

to fifty acre fifty You're an idiot, right. So people have their bias and they get emotional, right, But we want to look at all scenarios and look at which one has the higher probability of playing out, Because it's all probabilities. We don't have a crystal ball. But at least we're seeing some good price action here, and the higher Bitcoin goes that's very good for all. I think we have a mini rally with all coins as well.

So let's hope the bullish scenario plays out of going as high as possible around ninety k before some sort of pullback. But if it does go to that level, you know, I honestly think that means the bottom has been put in because if Bitcoin does correct from that, I don't think it's going on a fifty k honestly, but if it corrects them here, there's certainly potential for it to go to the fifty k's range. But again,

ultimately we'll have to wait and see. I am bullish long term, so regardless of what happens in the short and near term, long term, I am super bullish. I believe we're gonna hit new all time highs potentially later this year, if not into twenty twenty seven. So let's see how it all plays out. But this is good. And you know, here's one analyst who highlighted the same trend line again from the peak to the local top in January to bigcoin breaking through. That that's a very

good sign. And you know, some analysts are saying, hey, maybe we top out at around eighty four k, but then it could build a bullish momentum where people think, oh that's it, beer market's over, and then we rally, you know, more people come in and it rallies up to ninety k or higher. So we'll have to wait and see how this all plays out. One of the things I've been telling you guys to pay attention to is the stock market. Both the S and P five hundred and the NASTAC are in the over bought zone.

The RS side and the MACD. While it looks like bulls are losing momentum, they're still in control part of mac D. So if the stock market keeps holding up, that's very good for bitcoin and the crypto market. So we shall see. Look, the stock market is less volatile and it can stay the overbod zone for a long time.

We've seen that if you go look at the historical charts, it just chops sometimes right at that overbod zones, almost like it doesn't care about it, right because there's so much liquidity, there's so much volume, it's hard to bring it down, so to speak. It takes kind of big events like wars or terrorists and things that get to really make it correct significantly. But you can see that perfect V shape recovery happening in the S and P five hundred as well as the NASDAC. So this is interesting.

Let's see, this week could be very big for bitcoin again, blasting through eighty K and then all coins follows. So tonight, honestly you could break eighty K tonight and then maybe goes up to eighty five k, then rolls over. We shall see. But I'll be taking a little bit of profits here and there are nothing major and they're not buying back if we go lower. But regardless, I'm a long long term bull. I am looking for higher prices. Of course. Okay, we got some big news. Taiwanis legislator

formally submits bitcoin reserves proposal calling for a portion of Taiwan's six hundred and two billion dollars in foreign exchange reserves to be allocated to bitcoin as a strategic asset. Now, we just heard last week at the Bitcoin Conference from Patrick Wit, the White House crypto advisor, that we're going to get an announcement from the Trumpe administration in the coming weeks around bitcoin or the bitcoin reserve. So I

don't know what that update is. Maybe they found a revenue neutral way to buy bitcoin in addition to pulling the bitcoin they have seized over the years some different government agencies. So let's see. But nevertheless, the moment that the United States decided to do this, it kicked off a game theory play out here among these countries, and you're seeing more and more countries looking to establish a bitcoin reserve. As always, it starts a bitcoin, they're going

to add other crypto assets. So let's see how this plays out. But this is very bullish. Now Blackrocks European

Bitcoin ETP crosses one point one billion dollars in assets under management with fourteen two hundred bitcoin accumulated. Many of you know Blackrock has the largest bigcoin ETF here in the United States and I think even the whole world. And it was the fastest growing ETF in the history of ets, which is insane. Now they're trying to grow their European ETF. Now they call it ETP, but it's

the same thing. So if Blackrock is buying and they're pushing this all around the world, I'm bullish, guys, I am bullish, and I think as we come out of this bear market, we're going to see a lot more capital come into the markets. And in today's ETFs and what crypto legislation being passed, I've been saying, it kicks off the super cycle, and this is where you've got to have the long term view and make sure you are patient and much more. Here's some more Blackrock news.

Blackrock urges OCC to drop tokenized reserve cap IDEA expand eligible assets in Genius Act comment letter. So Blackrock, we know they are all in on tokenization and crypto. Larry Fink, he's been a huge advocate, going out there promoting it and much more so. Blackrock filed a comment letter Friday urging the OCC to scale back several proposed reserve asset

restrictions in its draft rules implementing the Genius Act. The world's largest asset manager oppose a potential twenty percent cap on tokenized reserve assets, a constraint that would limit products like Biddle Fund, which is BlackRock's money market fund tokenized money market fund, which backs more than ninety percent of

Athena's USDTB, and Jupiter's jup USD. Blackrock also asked the agency to confirm that Treasury ETFs qualify as reserves and to add two year Treasury floating rate notes to the eligible asset list. Now, if Blackrock wants it, most likely you're going to get it, guys, because they've got the power of the influence. If you know who Blackrock is,

the world's wealthiest acid manager. How they've worked with the US government, especially coming out of two thousand and eight crash and even after the COVID pandemic, and much more so Blackrock, you know, trying to expand as much as possible and trying to get the regulators to loosen up some of their restrictions. Here and speaking of tokenization, the

New York Stock Exchange Files rule change to enable tokenized securities trading the New York Stock Exchange File. They propose rule change with the SEC to allow tokenized versions of

eligible equities and ETFs to trade on the exchange. Under DTC's three year tokenization pilot program, eligible tokenized securities must share the same CUSIP ticker rights and privileges as their traditional counterparts, and we'll trade on the same order book with the same execution priority, while clearing and settlement remained

through DTC on a T plus one basis. So, guys, you see the infrastructure being built here by stock exchanges, the biggest institutions in the world, banks, and much more. They're going all in on crypto. They're going all in on tokenization and blockchain tech and much more. So. Again, if these guys want it, they're going to get it. They are the powerhouses, you know, the trad five powerhouses that have existed for a long time, have huge influence

even on the agencies and Congress and much more. And here's another example. Morgan Stanley's Oldenburg says bitcoin and US

bank balance sheet is coming, just not yet. So I think once the Clarity Acts passed, we shall see it. Remember Morgan Stanley, they just recently launched their bitcoin ETF. So Morgan Stanley's SMBT pulled in over one hundred million dollars in its first six days, entirely through self directed channels, before the product was even available through at financial advisors.

So MSBT is their Bitcoin ETF. Despite a formal two to four percent bitcoin allocation recommendation, advisor adoption remains slow, pointing to a significant education gap that Morgan Stanley is now working to close internally. Amy Oldenberg didn't rule out Morgan Stanley eventually holding bitcoin on its balance sheet, but warned that FED guidance, basil rules, and global regulations mean

the road is longer than many expected. So again, once they have all the regulations in place, you got the FED, the FDIC, the Clarity Act in place, the basal rules, and all these things are in place, these guys are gonna go ham. They're gonna put trillions into this asset class. It's not just gonna be Bitcoin, It's going to be in many different forms, stable coins, tokenization, all coins as well.

So this is where again I'm long term bullish because there's still the buildings still happening, and the construction of the infrastructure is still happening, and all the naysayers have bent the Knee Right, Vanguard, Morgan Stanley, which was late. They're all here, so there's no one left. There's no detractors anymore. They're all here. Even if they have to be dragged, kicking and screaming to get into this, they're going to do it because if you get left behind,

you're done. Right. Think about what happened to Blockbuster fail to adapt to the Internet. Netflix came along, took their lunch, Blockbuster went bankrupt. Netflix now a powerhouse, right, So there's many examples of that. So I think many of these firms recognize, Hey, we got to get on board here. Okay, folks. Quick word from our sponsor. This episode is brought to you by Bitco, the trusted infrastructure behind the digital asset economy.

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gives you all the tools that you need to do this securely, compliantly, and at scale. So learn more at bitgo dot com and see why the biggest players in crypto trust Bitgo Okay moving ahead. Mike Cagle is second act, turning blockchain into Wall Street's new plumbing Figures one billion dollar month capped a years long push to strip out middleman from credit markets, bringing real world assets, lending, and

even equities on chain. So Figure topped one billion dollars in monthly loan originations in March for the first time, validating its tokenized credit marketplace. CEO Mike Cagley said he is using blockchain to cut out into mediaries across securitization, lending and stock barring new products from DeFi credit vaults, to tokenize equities, aim to democratize access to yield. So

it's incredible that these guys are now here. A lot of trat FI guys like Mike and they're building with blockchain tech and they're building unique financial products right, a lot of barring and lending DeFi credit and much more so. I mean this is this doesn't surprise me. But you know, if you don't realize what's happening, all the trat FI

guys are jumping on board, you're missing it. Right, this is news you need to share with, you know, people who are naysayers, who still don't understand what's being built here. And again it's not so much about the price of the assets. It's the building and the infrastructure being set up for more capital to come in, more participation, more adoption that will lead to higher prices eventually. So very bolish here. This is a wild piece of news. AI

Agent forms its own company, gets ready to trade crypto. What a headline, man, this is pretty crazy. Let me give it to details. Clawbank and its Manfred. AI Agent has autonomously formed its own corporation in the US, obtaining an IRS employer Identification number and FDIC insured bank account and a crypto wallet Manfred, which runs its own X account under the persona Manfred. MacX is designed to trade crypto and can already transact in more than thirty cryptocurrent

moving funds between its bank account, and digital wallet. The project is being framed as an early example of AI agents acting as independent economic actors, echoing predictions from the crypto and AI leaders that autonomous agents will soon dominate online and crypto transactions. Now, I'm a big believer in AI agents that that economy is going to be huge. Many of you may be able to create your own

AI agents to do things. I'm personally researching that and looking at how I can do that, you know, both for personal things as well as for the podcast, how it can help you as my viewers and listeners and you know, provide benefits to you guys. So these are things I'm looking into. But they are going to be many different AI agents created, some for trading and investing, right, So it's going to be in every sector, and we've

talked a lot about it, guys. They're going to be running on blockchain rails, they're going to use stable coins and digital currency. They're not going to be using cash obviously, so this will be pretty big, and many of them

will have their own crypto wallets. In fact, many wallet creators are now, you know, setting up the infrastructure for AI agents, So it's gonna be wild guys, just imagine in ten years, as crypto gets legislation, AI gets legislation, and you have all these things running in the economy, It's going to be really wild. Not to mention, you have humanoid robots, and I believe blockchain is going to be used to help control humanoid robots that they don't

get hacked and so forth. In addition to'll have crypto wallets. I've interviewed some folks who are already doing that, where they built crypto wallets into robots. So it's so fascinating but crazy that this AI agent formed its own company, got all the licenses and it's ready to trade crypto. So fascinating. Anyway, Guys, that's the news. Let me know

what you think. Leave your thoughts in comments below, hit the thumbs up button subscribe if it happen as yet, guys, support the podcast by subscribing to my free email newsletter. I'll be putting out a write up tomorrow because again it's an important week, so we want to look at different charts, so make sure you are signed up. It's free. Be sure to grab a copy of my book on Amazon. It's available in paperback, in digital and if you want

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