That is going to be our main topic of today. You definitely don't want to miss out this episode, because what we're going to talk about today is different from usual and very, very interesting, and now let's jump right into it and, with that said, hey what is going on. Everyone sunny decree' here and welcome back to another episode by now. You probably already read some headlines similar to this one from yesterday here on: CNBC Gold chumps over 2, as virus spread, Spurs safe haven demand and what our safe haven assets out there, gold other precious metals, but maybe also Bitcoin, maybe for those viewers out there who Are not that familiar Bitcoin right now and are interested in coronavirus updates? Well, you probably have to watch a few videos more on this YouTube channel, but Bitcoin right now is definitely getting more and more pushed into the safe haven direction, not just by us the big coin and crypto community, but also by mainstream media. And you will see that more and more over time, especially on CNBC and CNBC fast money. So what we're going to start with today is the Bitcoin price, just real, quick and then we're gon na go over and compare gold stocks, Bitcoin and also what's, going on with the corona buyers, and I have some video footage, which is actually quite scary, so yeah Definitely stay tuned, so what we're looking at in here is the Bitcoin for our chart.
Yesterday, I was uploading, a video that a breakout for Bitcoin is imminent. Today is Monday it's still early in the United States. People are not even up yet while recording this video, but I definitely expect high volume Monday Tuesday, so today, tomorrow, because after what we have seen on this weekend, the price of Bitcoin in this market structure is definitely now going to stay on the same level. What we can see is that we still have a bull flag formation in here. Everything is still perfectly fine, and you guys told me yesterday in a poll that most of you do not expect that Bitcoin is going to correct back down to the 8500 level. To close the CME gap, just to give you a little bit of perspective 8500, that would be approximately this level right here, and I told you already in the yesterday's video. I personally do not expect that we're ever going to see this level again based on probabilities, based on my analysis and as you guys can see in here, people were voting and 52 with 488 volts, saying no we're not going to see the 8500 level 36 percent. With 336 volts, yes, in 11 percent, they have no idea almost 1000 volts. So this is actually quite significant, as you can see in my community, people do not expect, or the majority of the people do not expect that we're going to see the 8500 level once again, and I personally agree on that, as I told you all ready so Here, on the 4 hour, chart Bitcoin still bullish since more than two months, a consolidation phase, a bull flag, consolidation phase, everything still perfectly fine.
If we would come closer to the lower trendline of this bull flag, then we definitely have to rethink our current positions, but right now everything still perfectly fine here on the one hour chart – and this is also something that I announced in the yesterday's video will Bitcoin Pump above 10000, again, of course, I personally expect that this is going to be a little bit different to be honest, a little bit more stable, but when I uploaded the video we have seen this pump right here, just this little wick in here a couple seconds Over 10000 u.s. dollars on coin base in it happened again overnight when I was asleep so yes, bitcoin actually reached 10000 dollars again yesterday, but we got rejected two times right now. The second rejection here was actually a little bit harder, but we're still trading in the range of 9700 9800 and on the one hour chart. If we zoom out in here a little bit, everything is still perfectly fine. The line you can see is the ten thousand dollar line, and we have discussed that also in the yesterday's video that bitcoin is ranging around that ten thousand dollar mark right now around the psychological level for quite some time actually right now. This also shows us the significance of this psychological level. I mean you cannot deny that and right now anymore, you can see how many times Bitcoin actually crossed the ten thousand dollar mark right now.
This is absolutely insane right. I mean yesterday two times yeah. Maybe this will go for a while, but I can tell this as soon as Bitcoin establishes above 10000 US dollars. If Bitcoin established is solid above ten thousand US dollars, then we can expect this run. This Bull Run to go further, and that is definitely very nice. All right now we have to talk about some stuff, which is definitely not that nice and that is the corona virus, and for that we actually have to see a little bit more off the screen. We have a number of total deaths right now of two thousand six hundred and nineteen deaths. We have 25000 people recovered and totally confirmed cases of the corona virus, covet 1979 thousand three hundred and sixty and, as you can see on this map right here mainly it is in the Asian region, mainly in China, and here actually, but we also have some cases Reported right now in Italy, even in Sweden, Finland, all over Europe, but those are just you know, like single cases, pretty much okay, it's, not that the virus spread already over to Europe or Africa or the United States of America. It is mainly China in here, but we have some cases also on other places and other continents. Even I mean don't get me wrong. I'M, not saying right now that this is the end of humanity. Right now from what I know, it is weaker people, older people that are getting affected – okay, like how it is with regular flus as well, but we definitely have to take this serious and the markets are reacting to that.
Okay, there are multiple journals, multiple newspapers that are writing about this, but I want to give a little bit of clarity. I wan na give you guys my opinion and for Dad. I want to show you something right now. Some people are saying: well, it is not all too bad those people who are in China they're saying well, the situation is not all that bad. I personally don't believe that, because what I found is this little clip right here, this little video watch this clip and tell me your opinion about it. He'S open to heart, Oh hold up any time you can't! Okay, are you ready TV school? Hey? Look it up here, you gon na get up there get up all right. I'M. Your brother, all right, I'll, get a different baby. Oliver get go, do they write it down yeah? So from the information that I have, this was only an exercise, but does it really matter? I mean if they're exercising like this. This is exactly how they're going to behave, and I guys probably already heard how the Chinese police is well. There are a little bit more rude than others at least more rude than the police here in Switzerland, but yeah, maybe that's a bad comparison anyway. This is what's going on right. There, they're exercising like this and they're, taking this quite serious. Actually, as you can see, and probably have seen other video as well – but I just found this to be very, very interesting how they practice for yeah these cases alright, anyway, here we have a very interesting article from yesterday from the Guardian about the economic impact of The corona virus, because probably already heard that some factories are empty right now.
People are not able to work right now at some places in China, and we don't know exactly for how long this will go on. Also the IMF was already talking about this. Now get this China's President Xi Jinping warned at the weekend that the corona virus would have a relatively big impact on the economy and society, adding that it would be short term and controllable. She said the government would step up efforts to cushion the blow. The country has taken a number of measures in recent weeks to prop up its economy. The head of the International Monetary Fund, the IMF Kristalina Georgieva, said on sunday that the global lender of last resort was ready to provide additional support, particularly to poor countries by way of grants and depth relief. Speaking at the g20 meeting of finance leaders and central bank chiefs, she said the IMF assumed that the impact would be relatively minor and short lived, although she warned that the continued spread of the virus could have dire consequences. She added global cooperation is essential to the containment of the comet 19 and its economic impact, particularly if the outbreak turns out to be more persistent and wide spread. Well, fingers crossed that this is not going to get worse. That is definitely something I don't want to see. Although it looks like that safe haven assets are benefiting from that, and that is going to be exactly what we're going to have a look at right now.
Alright, the chart you are looking at right now is the Bitcoin daily chart. The dashed line was already mentioning that in the interim was the first reports of the corona virus case. It covet 19 cases and ever since the price of Bitcoin, but not just the price of Bitcoin, are performing quite well ever since Bitcoin is up approximately 35 but notches Bitcoin. Also, gold gold is up approximately 37 point. Five percent. Do you see something in there? Do you see the correlation but that's, not all of it? If we check the shanghai stock market index, you can see hey wait. A second. The Chinese economy is not performing that well and, of course, well yeah. This is quite obvious. Why right 1.6 percent? Not really all too dramatic, but temporarily we were down in here approximately 18. Look at that approximately 18 percent and we're not talking about Bitcoin in here and we're, just talking about couple days right. So this could definitely have an impact on the economy, and it also really looks like that people are interested in safe haven asset. This is exactly what this is telling you right now. Once again, the dashed line in here were the first reports that was sometimes the first reports by the end of December of the coronavirus, 2019 Bitcoin up more than 35 Gold up more than 35 in the Chinese stock market definitely took a big hit, it's already correcting Or it has already corrected a little bit but definitely took a big hit, and once again I mean when stock markets are going down 20 over just a couple of days.
Well, that's, not looking all too good, obviously, and for those people are wondering what the US stock market is doing over the last couple days, 3.4 percent also not really the best, but obviously, if we zoom out in here a little bit well, that is not all Too much and definitely not comparable to the Chinese economy right now so interesting times. This is not good I'm, not saying I find this nice or anything that Bitcoin and gold are going up. Due to the coronavirus I mean I don't want to see that buyers to get spread right. I mean this is dangerous for Humanity. Obviously, although I think the weekend to old people can get hit harder or can get hit more or are more affected in here, but nevertheless I mean this is definitely bad news, but anyway, I wanted to point that out and to me personally, this is a clear Sign that bitcoin is finally accepted as a safe haven asset, and this also sets me more bullish for a potential recession, because it looks like that people mainstream media have understood that bitcoin is the digital gold right now, it's a digital, safe haven, store of value. Okay and we're, not even talking about the use case of money of a medium of exchange, yet we're, just talking about a store of value right now and bitcoin serves that purpose, absolutely perfectly over the last ten years, all right and now before we're going to end.
This episode I'm, very interested in your comment down below what do you think about the current coronavirus situation? Should we report more about the economic impact of the coronavirus? Should we check more with Bitcoin gold? The Chinese stock markets are doing right now. Do you think that is important? Do you see the correlation as well that, since the start of the reports of the coronavirus Bitcoin is up, Gold is up the Chinese stock market is struggling? Do you think there is a correlation, or is this all just a coincidence? Let me know your opinion down below very interested for that and last but not least, for all those people who signed up already on FEM ax. I have great news for you. Well, maybe, for some of you link chain link will be the first all coin list or the next all coin listed next to a theorem and also expert P. Next to the BTC USD per petal, swap here on FEM ex Phoenix is definitely listening. We are keep working on the spreadsheet. I keep report stuff, so if you have anything which you don't like about the semak's platform, let us know down below in the comment section and if you want to support this YouTube channel and also get your welcome bonus of 112 for depositing 0.2 Bitcoin or more There is my signup link down below you support the channel with that. You support me and yeah we're gon na make FEM X greater going to report everything that we find and so far they're listening, alright guys anyway.
Thank you very much for watching.