Bitcoin Analysis for Adam

We will share a Bitcoin update at a request from Adam at Farming Full-Time, focusing on key Fibonacci retracement levels and potential price movements.

Personal Update

• I played hockey last night and scored a goal.

• Attended hot yoga this morning.

• I encourage viewers to send ideas for future analysis, as Adam did.

Bitcoin Monthly Chart

Bitcoin Market Overview

• Highlights the price movement since Bitcoin peaked at $69,000 in November 2021, followed by a significant pullback to $15,000.

• Uses the Fibonacci retracement tool from the November 2021 high to the November 2022 low.

Key Fibonacci Levels and Predictions

• Current Trading Range: Around $68,000.

• Potential Breakout Level: Above $70,000.

• Fibonacci Levels to Watch:

  • $81,000: Anticipated resistance and possible pullback.

  • $91,000: Next level of interest.

  • $102,000: Major level with likely strong market reactions and possible selling pressure.

Outlook

• We remain neutral until Bitcoin exceeds $69,000–$70,000.

• Sees potential buying momentum if Bitcoin surpasses $70,000

• Future videos will cover uranium and other commodity markets based on viewer requests.