On the 4 hour chart we're looking at an ascending triangle on the daily chart, Bitcoin is forming a golden cross on the long term weekly chart Bitcoin is looking at a potential 1000 percent gain in within the next couple months. ደግሞ, the on chain metrics are looking bullish. We see more more addresses with Bitcoin on it. We see more addresses with more than 0.1 Bitcoin more than one Bitcoin more than ten Bitcoin, and so on. We'Re gon na have a close look at that as well and in the newest part of today's Bitcoin video I'm gon na show you two very bullish news as well. Who could have guessed? One is from check the CEO of Twitter and cash app, a very positive news about cash app and the other one is from mr. minuchin, the Treasury secretary of the United States of America himself. All that and more in this episode and now let's jump right into it and with that said, what's going on everyone starting decree here and welcome back to another episode. If you guys like this kind of content, please make sure to leave a like. That is very much appreciated and for all the new people on this YouTube channel make sure to also subscribe and activate the post notification Bell. Thank you guys very much for that. So what we're looking at in here is the big coin for our chart, and you don't have to be an expert to see that this is some kind of a bullish consolidation phase and it is called an ascending triangle.
What does that mean? That means that we have equal tops in here. Bitcoin is testing those tops which is currently approximately at 10000 u.s. dollars, maybe a little bit below. We have seen multiple tests of 10000 u.s. dollars and if resistance is getting tested multiple times, the more it's getting tested, the higher the probability that we're breaking through and if bitcoin is getting sold off again at those levels. What we have seen right now is always on the way down. Bitcoin was getting bought back at higher prices, so we're reforming higher lows, and that is exactly what you can see. You can see the lows right here, then you can see a higher low right here and here another higher low. So this is an ascending triangle. ደግሞ, we see volume decreasing in here, so bitcoin is ready for a breakout, and I personally still stand with my prediction that we're going to see at 10000 through in this week and if not this week well shortly after so, I will definitely stand with that prediction. On the Bitcoin daily chart, we have another bullish, sign, probably you already heard about it, and that is the Golden Cross we've seen in the past. The Golden Cross did not really hold all too much significance, but nevertheless this is definitely a bullish sign. Coming from two traditional markets, the Golden Cross is defined by when the fifty simple moving average on the daily chart is crossing the two hundred daily moving average from below, and that is exactly what we're seeing right now, if we zoom out in here a little bit And go back in time and see what happened before the previous bull market.
Well, we can see that we had some kind of the same pattern in here. Basically, that Golden Cross was switching with the Deaf cross and then golden cross. Again then, deaf cross again and so on, and we kind of have a similar situation right now. It is not exactly the same obviously, but you can see that well similarities. I mean there are definitely some similarities. This is not a guaranteed sign that we're going up from now. Okay, we have seen golden crosses, ending up in deaf, crosses again switching back to golden crosses in the past already, and it could be that we're seeing exactly that again. But once again you can check the similarities for yourself and you will figure well some similarities. They'Re. Definitely there alright, but now let's talk about the most interesting chart once again, and that is the Bitcoin long term chart, and this is basically the main counter argument against all the Bears. Why should this change we have seen so similar bull markets and so similar bear markets for all the three ha things so far, so why should it change right now? It makes absolutely no sense, and especially with the news I'm going to show you at the very end of this video. This just enhances this development in here. So what we're looking at in here is a potential 1000 gain from now, and that is quite conservative and I'm gon na show you how so, basically from the first Bitcoin hoffen in 2012 to the first top.
We were talking about approximately a 9000 percent gain. That is a 90 X in u.s. dollar value, then from the second Bitcoin huffing to that third top in here that we have seen back in December 2017, we're talking about approximately 3000 percent gains so in percentages. That is one third. Now, if we add one third in percentages from now, we had nine thousand percent gains than three thousand percent gains, and now we're being conservative and we're only talking about a 1000 percent gain and that would bring Bitcoin to approximately one hundred thousand US dollars and that Matches perfectly with my most realistic Bitcoin prediction: you guys probably already know the numbers I personally predict, or I find the most realistic, Bitcoin price prediction also with time December 2021, so not this year, but next year, ታህሳስ 2021, 120 thousand US dollars. So this in here would even be conservative we're not going to see those prices tomorrow. We have never seen those prices so fast in the past. Why should we see those prices faster right now? Bitcoin goes in four year cycles. The last top we have seen in December 2017, so I expect the next top to be in December 2021, plus minus a couple months and the price at somewhere around 100 ወደ 120 thousand US dollars, and once again, that is a conservative prediction and for all the Traders out there who want to trade Bitcoin with leverage besides their huddle portfolio, I personally recommend – and I personally trade on the fem xplit form the best platform out there.
For me personally, a video tutorial is popping up on top of your screen right now and with my sign up, link down below can get up to a 112 bonus and with that you're also supporting this YouTube channel. Thank you guys very much for that, and now let's continue with some very interesting fundamentals. All right now. Here we are doing some on chain analysis with glass node Pro. What is going on on the blockchain well and the most interesting data I'm going to show you right now. It speaks for itself. What we're, looking at in here or Bitcoin, addresses with non zero balances compared with the price, and you can see that we have more more Bitcoin addresses now, if we check addresses with balances with 0.01 Bitcoin or more they're. Clearly, in an all time, high addresses with the balance of 0.1 Bitcoin, clearly in an all time, high addresses, with a balance of one Bitcoin and more clearly, in an all time, high addresses with a balance of ten Bitcoin and more well in all time, high territory. The only thing that this is actually quite interesting, Bitcoin balance says with 100 Bitcoin or more they're, not an all time high anymore, but we have addresses with 1000 Bitcoin and more also in all time, high territory. So you can see that more people are holding Bitcoin right now, or at least more addresses are holding Bitcoin and therefore the Gini coefficient is going down and therefore the wealth distribution is better, and that is definitely something that we need in Bitcoin.
This is a very, very positive sign for sure. If we're, looking at some on chain fundamentals, alright and now let's talk about two very bullish news do remember back in 2017, where people were saying well, I don't want to buy Bitcoin, because one coin is way too expensive. I rather buy XRP or a theorem or dogecoin or like coin, because the coins are cheaper. Well, that maybe sounds silly, but this is how people think and what the CEO of Twitter check door see. ደግሞ, the CEO of the cash app is doing right now in the cash app. This is perfect for noobs, እሺ, I could just not say differently, but what he's doing is this? You can now do automatic, recurring purchases of Bitcoin in cash, app daily weekly or every two weeks and change the display to cents. So here this is actually the first app that I see right now, where you commercially can buy Bitcoin and the numbers are not in Bitcoin, but in satoshis, so rather than buying zero point, zero zero, zero, zero, whatever Bitcoin people can now buy 10000 ወይም 100000 of Satoshi'S here, for example, 100000 satoshis for 9 ና 47 cents, and this is perfect to attract new people to buy Bitcoin because then they're not scared anymore of buying such an expensive coin. I mean some people were even saying. Well, I would love to buy a Bitcoin, but I can't afford one whole Bitcoin and then I was telling them you don't have to by one full Bitcoin.
You could just buy 0.01, for example, and they didn't even know about that. Okay, maybe because the name is Bitcoin and then they think about a coin, and you can't split up that coin. It could be right. I mean people do not understand Bitcoin out there. Most people out there do not understand Bitcoin, and this will definitely be better on ramp for them. If they can buy ten thousands of Satoshi's or hundred thousands of satoshis, they will feel richer and you can imagine that is definitely better to bring in new people. So a very positive sign all right – and here it comes the last news of today and also the goodie of the day Treasury Secretary, Stephen m'naghten, launches stimulus, debit card and well. I just have to play the clip and if this is not a sign that you should be buying Bitcoin right now, you should be accumulating Bitcoin right now or at least start to accumulate. Then I have no idea what is let's play the clip the economic impact payments, mr. president, have really had a big impact. We delivered over 2' billion dollars to 141 million Americans, and I want to highlight, we couldn't be more pleased. 114 million of those we did direct deposit into people's accounts, we did 27 million checks and, mr. president, we now have developed debit cards so in an effort to expedite money to people even quicker in a very safe way, I'm pleased to show you what a debit Card looks like with your name on it.
Mr. president, now there's no money for you on it. This is a blank debit card, but I want you to see what many Americans will now get so that we could get their money to them even quicker and going forward. We think debit cards are a safe and secure way of delivering refunds. So I sign the letter again well, I really just have to quote the first comment in here: if that doesn't make you want to buy Bitcoin, nothing will. But this is it already for today's episode. If you guys enjoyed it, please make sure to leave a like. That is very much appreciated. ደግሞ, you can check my other videos they're popping up right now. Thank you guys very much for your awesome support.