That is definitely something which cannot be said enough. These days, the price of Bitcoin still going parabolic since quite a while, and it does not really look like that. This is about to stop so what we're going to have a look at today are multiple timeframes on Bitcoin we're gon na have a look at what is most probable to happen, and what I personally need to see in the price of Bitcoin to finally fully confirm This reversal, and it does not look all too bad. Actually, it does look quite good. Let'S be honest in here also in today's episode, I'm gon na show you one chart which is back in bull market territory, and this was actually quite surprising when I saw that today and not that many people were actually no one is talking about that and no I'M, not talking about Bitcoin on Google Trends. We'Re gon na have a look at that as well, but the chart is going to be quite surprising. I can just tell you that we have been talking about this already and now would say: let's jump right into it. If we have a look at the Bitcoin 4 hour chart since the local bottom of six thousand four hundred and twenty five US dollars on coinbase, what we have seen is a series of solid and organic pumps. What do I mean by that? For those people who remember the xi jinping pump where the price of Bitcoin was pumping 42 percent over two days.
Well, that did not really hold, and also that was not organic. It was basically just one candle to the upside or two candles, and that was about it. But what we see right now is continuous growth. Then we see a consolidation phase, healthy pull, backs sideways action, and then we see the next parabolic move or the Kanto Nation off the parabolic move, and that is exactly what we want to see in a bull market or at the start of a bull market. That is absolutely fine, and that is exactly what we want to see. Also the healthy pull backs when some people maybe get a little scared or get a little bit insecure. That is exactly what we want to see as well. I mean just look at this. I mean we see here: parabolic pumps, then pullbacks parabolic pumps pull backs in here: parabolic pumps, sideways action, pull backs, and here exactly the same thing now and now we're once again, pumping absolutely phenomenal. If we have a look at lower time frames in here, the one hour chart, for example, we were going above 10000 US dollars. We were falling back below 10000 u.s. dollars in this trading range right here. We were talking about that and we were breaking out of that quite fast again and now we're clearly trading above 10000, US dollars again, and once again I mean you guys know. I do not really like to do technical analysis all too much on the one hour chart, but the prices are well moving quite fast right now, not just for Bitcoin, also for the all coins and once again we're kind of consolidating here in a bullish way, and It does not really look like that.
Bitcoin is about to stop. I personally don't see it where it actually could stop right now, but now we're going to go to the weekly chart in here and you guys know I'm talking about a level which is very important for a Bitcoin to break, and today was the first attempt where Bitcoin tried to break that level, but failed so far, and that is approximately 10500 up to ten thousand six hundred US dollars. And we can see that here on the weekly chart. If we zoom in in here a little bit and draw a line on this last high in here, you guys probably know what that high is here back in October 2000 and nineteen, we bounced off that so far okay, so we were not able to break through That and build a higher high in this secondary Bear Mark in here, but if we can do that today, tomorrow or maybe a couple days later, depending on how Bitcoin is reacting right now, I mean those are very exciting days right now on high volume. So the moves right now are very significant and once again, it would set me personally way more bullish if we break above ten thousand five hundred US dollars and by the way guys. If you have any comments about the technical analysis right now or about the situation right now, what do you guys believe do we still have some bears out there who are still saying that bitcoin is going back to three digits or three thousand dollars? Let us know that down below in the comments section and interested for you, opinion I'm interested for your technical analysis, so make sure you let us know that also gives us a little bit of an idea.
What people think right now, what the sentiment is, but about sentiment, we're going to come to that later. In this episode interesting case, you guys want to benefit from this Bitcoin volatility or from bitcoins future volatility. Make sure to check out my Bible tutorial, which is popping up on top of his screen right now. Also there is my registration link down below which helps to support the channel. Thank you guys very much for that and now it's gon na get interesting. Well. First of all, we're gon na talk about Google Trends. Once again, probably you already figured that the interest for Bitcoin on Google Trends is going up again. What does that mean? Well, people are looking up Bitcoin again. I personally do not believe that many new people are coming in, I mean in the Switzerland trash newspaper today there was an article about Bitcoin, obviously, because Bitcoin was pumping about 10000 u.s. dollars and then suddenly Bitcoin is getting interesting again. You probably know that. Probably you have friends talking to you about Bitcoin right now, or it slowly starts again, but let's be realistic, not that many new people aren't in it right now. What'S interesting is this chart in here by Bitcoin over 12 months, and what we see right now is a move to the upside, but the levels are not all too high, yet the levels are about the same as we have seen in June 2019 or by the End of June 2019, that was around the 14000 top, but if we zoom out in here to five years well, the situation is actually quite clear that no, we are not back in bull market territory based on Google Trends chart in here I mean, of course, we See a little bit of upside, but yeah, I mean in 2017 by the end of 2017.
The interest was definitely way higher. But now we're gon na come to a very interesting chart which actually is back in bull market territory, and that is this chart in here. That Bitcoin tweets historical charge so tweets, including hashtag Bitcoin, and if you have a look at this peak down there, what we can see right now is that we are back on levels where we were in early 2018 back over here. Okay – and you guys know – I mean Bitcoin, topped out by December 2017 – all coins, most of them topped out early 2018. So, yes, we have seen a peak in here with Bitcoin hashtag Bitcoin in it, and the levels or the amount of Bitcoin tweets is back in bull market territories and also what we see right now after this peak is definitely a higher level once again in the Territory of June 2019, where we're at approximately fourteen thousand US dollars, are pushing to fourteen thousand US dollars. So the sentiment right now probably already figured, is very positive social media influencers. They get way more the feedback. Again, people are happy, people are making gains. The euphoria is slowly but surely coming back, people are getting more secure, again, people care even more about fundamentals, and that is definitely something which is very amazing. I mean. Obviously, most of the people are interested in gains and not about fundamentals, but you guys know what I'm talking about okay for ten people coming in just for the gains, maybe one person stays for the fundamentals and, if you think about long term adoption, that is definitely What we need markets or people in the markets are getting too excited and too frustrated, but some people they can stay realistic, and that is very important.
So, overall, this is a very positive development that's for sure, and the last info for today's is a very interesting development in all coins. Some people already screaming out that the new alt season has already started I'm, not quite convinced yet, but what I can tell for sure is, although I'm more on the Bitcoin side, but what I can tell for sure is that all coins have made insane gains. I mean most: all coins have made insane gains over the last couple days or the last week and yeah I'm feeling happy for those people who are making gains with all coins me personally, I see all coins more as a Bitcoin multiplier. You can do that with all coins. You can also do that with leveraged trading. Obviously, if you know what you're doing and it's not that easy it's, not an easy to flip all coins correctly it's, not that easy to leverage trade. But we have some options to multiply our Bitcoin stacks and yeah I'm. Definitely taking those opportunities as good as I can, but that is it already for today's episode once again.