Bitcoin is about to do something that never in the ten year history has. It done – and this is the most bullish thing that bitcoin could possibly do so if you want to find out what it is, stay tuned, what's up guys randall here from crypto love today, we're talking about this thing that bitcoin has done. That is extremely bullish that it has never done in its 10 year history, but before we get into that guys like the video, it helps out so much subscribe. If you haven't click the notification bell, so you can find out when i'm coming out with new videos. Now there is a lot of news: a lot of bullish news about bitcoin recently mike novograss who's responsible for the novogratz buy in back in 2017, which started the bull run, he's saying a 65 000 bitcoin in the near future, possibly by the end of the year. A citibank analyst is predicting 318 000 bitcoin by 2021, based on this chart right here. If we take a look at the bitcoin rainbow chart, we are still in strong accumulate territory, not even close to bubble territory, we're right around the fair value of bitcoin, with the price going up towards the hundreds of thousands of dollars in the near future, and not Only that, but the stock to flow model also showing a hundred thousand dollar bitcoin based on the last halfing, but guys bitcoins kind of standing still one to eighteen thousand.
It came back down to seventeen 000. Is it just? Is it stuck? Is it going down? Well, it turns out no okay based on a couple charts here from this article bitcoin rally set to continue after whales build bywalls near 172.. If we take a look here looking here on trading light, you can see that right here at 17, 2 zoom in a little bit more 17 to 17 3. There is strong, buy walls right there. Very strong support like what i mentioned here, where, basically once we cross this line, there is very strong support because it's a previous all time, high and it's a big even, but not only that. If we take a look at this on whale map, dot io – we can see these are very big whale clusters right here at 17, 6 and 17 7 big buys from wales and they're not moving it anywhere. They expect the price to continue to go up and, as talked about in this article here time is our friend bitcoin's 12 month trajectory at 100, 000 and or more this article down here talks about how in the u.s the household wealth has reached 112 trillion dollars. So if only one to two percent of that uh invests in bitcoin and cryptocurrencies and the circulating supply, they say here is 18.5 million. But we all know that 5 million of those are lost forever. They predict a 56 to 112 thousand dollar bitcoin and, as they say, given the current macro trends, it's not crazy to expect this to play out in 2021.
However, if you adjust this to 13.5 million bitcoin and increase this to a potential five percent allocation, which is likely based on fidelity's most recent report, you could go all the way up to 500 000 for a bitcoin by 2021. So what is it that bitcoin has done is about to do that? It has never done before that is exceptionally bullish. Well, guys, bitcoin is less than 15 days away. I don't even know the date today. I think it's like the 19th okay, so we'll say bitcoin is 11 days away from having a monthly close above 14 000. It has never done that before the last time it even came close was in december 2017 around fourteen thousand dollars. Well, look at the candle now bitcoin is very, very close to having its first monthly close above fourteen thousand dollars. Now this would be the highest monthly close in bitcoin's price ever ever giving so much more confirmation to all these predictions in bitcoin price, going up, bitcoin price, going up, bitcoin price, going up, bitcoin price, going up further validation with this monthly close happening here in 11 Days if bitcoin stays above 14 000, which is almost there, is literally only a three percent chance that bitcoin could come down below 14 000 because of what's going on here. This double bottom that formed where the price came down, came up to a confirmation. Point came down broke through the confirmation point, there's a 97 chance it's going up towards this bullseye right here, 20 000.
Well, that would mean there's only a three percent chance. They would actually go back down to not do that so guys. This is the biggest thing that bitcoin has ever done. It is about to do it 11 days away. Fingers crossed this is playing out exactly like november december 2017.. People are getting very bullish about bitcoin they're gon na go home talk with their families about it. Over thanksgiving there's going to be fomo intensifying towards christmas, who knows what could happen? 65. 000. 318. 000. 500. 000 bitcoin by december. That would be magic, but you know let's not go too far, so guys. Thank you so much for watching. I hope you enjoyed the video. I am super bullish i'm excited about this stuff because guys guess what? If it doesn't happen this year next year, if it doesn't happen next year, five years 10 years guys this article here is talking about also how, in you know, 10 years, it's likely look at this. If you are in bitcoin for the long haul, there is a reasonable path to 500 000 within the next decade. That'S right, 500, 000 per bitcoin wow mic drop. So thank you guys for watching. I hope you enjoyed it. If you did click the like button. Subscribe click, the notification bell and i'll catch.