What you are looking at right now on the Bitcoin chart for the Bitcoin price could be the start of something big that is going to be our main topic of today. Obviously, we're going to talk about the price of Bitcoin, which is still currently trading above eight thousand six hundred dollars, while recording this video. But we have seen way more massive gains on another coin, namely Bitcoin, SV Bitcoin, Satoshi's vision. We have probably seen the biggest candle in history in here, but not just that also Bitcoin sv was able to flip notches US dollar teller, but also Bitcoin cash on corn market cap. We'Re. Definitely going to talk about that as well. Then I have interesting Google trend news for you about the Bitcoin having because what we can see there is actually quite interesting and last but not least, we're going to once again talk about the introductions, because, after offering a three Bitcoin trading competition, the last time they're Going for another two Bitcoin trading competition, so for all the traders out there who are interested in trading competitions, definitely make sure you check out the video to the very end and now let's jump right into it and with that said, hey what is going on and One sunny decree here and welcome back to another episode. I already posted this tweet in here yesterday. This could be the start of something big and a lot of people actually seem to agree. It is very rare that I'm getting this many likes, and this many retweets in here and not everyone, is agreeing, but a lot of people actually do agree that the breakout from this channel from this wedge in here is actually quite significant.
If we have a look on the three day chart in here well, we can clearly see that the price of Bitcoin now finally broke up. We have not formed a higher high yet, and we also retraced a little bit. If you go back to the one day chart in here, we can clearly see well we're still trading above the channel, but well. It looks like that. This could be a retracement in here already, so it's definitely going to be interesting how this week's plays out. But what I can tell you is that this move to the upside or those consecutive move to the upside. They hold quite some significance. Yesterday, in the evening about at 1100 p.m. over here in Europe Central European Time, the volume was about two billion US dollars for Bitcoin and right now, current were still talking about 1.4, more than 1.4 billion trading volume over the last 24 hours on 10, real exchanges With real trading volume – and that is actually quite a lot – I mean I want to remind you guys – we've seen days with less than 100 million. Of course, those were weakened days, but we also have seen like 200 million on weekdays as well. So those moves they definitely hold more significance. As other pumps, we have seen already in this falling channel in here in this falling wedge, so for me personally, I'm still more leaning to the bullish side, even from the levels where we are right now.
Of course, that would change if we would fall back into that channel, because then the situation well is clear. We had a fake out then, and we have to look from there, but as long as we're staying above this channel in here and as long as we're getting closer and closer to the 200 day, moving average well, which is coming in actually quite soon. As you can see, I'm definitely still more on the bullish side and just a quick look on the monthly chart, because we haven't done that in a while. Well, I would say we all agreed that bitcoin is still perfectly on track for new all time highs in 2020 this year or in 2021 next year, but I think this year would be more likely. Alright, now let's talk about a fork off a fork of Bitcoin, namely Bitcoin. Satoshi is vision, probably already heard about that flipping. The flipping means that a coin actually flipped another one on coin market cap by market capitalization, and that is exactly what happened. Bitcoin, as we was not just able to surpass US dollar tethered by market cap, but also Bitcoin cash and, of course Bitcoin cash has always been the number two Bitcoin. If we can even call it that, I would not call it like that. But let's say the number one fork off Bitcoin and now by market cap, Bitcoin SV is actually the number one Bitcoin fork right now for all those people have no idea how this all happened.
Here is a little graphic in here here. You can actually see the ticker Forks. We have Bitcoin than Bitcoin cash split off and Bitcoin sv split off of Bitcoin cash. But this is what they're trying to sell you they're trying to sell you that Bitcoin sv is actually the real Bitcoin and BTC forked off and bch forked off, but I mean we just have to have a look at market capitalization. We just have to have a look at hash rate and so on, and you can clearly see that BTC big concore is actually the real Bitcoin. Okay and bitcoin sv is just a fork of a fork of Bitcoin and, in my opinion, they're not very successful. Why do I say that? Well, of course, they have bigger blocks. Of course they have cheaper payments. Of course, they do zeroconf transactions at least bitcoin cash dollars I'm, not quite sure what bitcoin sv is doing in that regard, but it all does not matter because there is no throughput, nobody is using those technologies and also. Secondly, hash rate is just not there. Okay, I mean, of course, we have more hash rate in Bitcoin sv than Bitcoin cash right now, but if we compare that to Bitcoin, that is absolutely nothing. Okay, just one big mining pool in Bitcoin could say: okay today we're going to destroy Bitcoin, SV or Bitcoin cash well, and then they could do that. But there is a problem with that because for Bitcoin cash, for example, they have checkpoints, so they could just roll back the chain and is that real decentralized? Is that really money from the people for the people? If a small group of people can actually go back to the last checkpoint, if something happens because of the lack of hash rate, I personally don't think so I'm in this game for truly decentralized technologies, and I do not really have an incentive to talk down these Coins, because, if I would find these coins good right after my analysis, I could just buy them.
I have a decent amount of Bitcoin. I could also still probably claim some four coins right, Bitcoin cash and then also Bitcoin asleep, but I don't believe in them. They'Re. Just copies of Bitcoin and they haven't really done anything better than Bitcoin. Now what we have seen on the Bitcoin SV price chart is even more interesting than the whole drama and the whole story here, we're looking at the BitFenix chart – and you can see that candle in here and that wick is actually even going higher. Look at that. If i zoom out in here what a complete, crazy wick and if I think about the people who actually bought Bitcoin sv2 this right in here well, I mean rest in peace kinda right, but this pump was more than 1000 in here, obviously just held for a Couple of minutes – and then it came back down in here, but this can happen when there are thin order. Books. Okay slippage can actually happen. Poor poor guy actually bought bitcoin asleep to that price, we're still up in price. Obviously, the market cap is still higher and ones off Bitcoin cash, but you guys know how it is. I mean let's be realistic. Most of the time, this just ends in a big pump and dump and I'm pretty sure that this in here will be the exact same. You can do whatever you want with your money right, but invest in the real Bitcoin.
That is my personal advice. All right. Talking about the real Bitcoin 118 days, left until the bitcoin huffing when bakra warts are gon na get off from twelve point five to six point: two: five Bitcoin and finally, on Google Trends. We can see that people are actually looking this up. Okay, if we look for Bitcoin hopping on Google Trends or the last 90 days, we can clearly see that the trend in here is up. I mean here we had a peak in January, actually so, one week ago, approximately of 100, because always the highest number here is 100 it's, always relative, and you can see here most of the time we were between 25 and 50 percent. So we could say that we have the double of interest right now on Google, for the search and Bitcoin having so yeah I mean there is still plenty off days left and if this continues to go up more and more people talking about the having media talking About the having, we could definitely have a pre having pump but pay attention by the rumors sell the news: okay, I'm, not going to say you that the hopping event itself makes Bitcoin moon, bring it to new all time high, because that never happened before. Okay, on the monthly chart, it is clearly visible that no Bitcoin ever formed a new all time high before the huffing that always came post having okay, so pay attention about that for all the traders out there who are interested in trading competitions, you have to listen Carefully right now, first of all, I have to say that this is a sponsored ad by inter decks a new leveraged exchange and what they are offering is definitely very nice.
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