 What's up? What's up? What's up ladies and gentlemen welcome back to Bitcoin daily? I am Jay and today We are talking about this crazy Explosion that we have going on today as you guys know we finally broke through that 12,000 Resistance that we've been talking up to you guys about for over a week now We've we guys we've been telling you guys this Over and over and over to anybody that will listen finally it happened came to fruition Not only did we break through 12k, but we've also broken through 13,000 so We're gonna go over the news on why we got this boost and what we think the next targets could be and what we see on The charts for Bitcoin So real quick as you guys know that we always like to do just take a look at the market cap here and Look at some of the top 10 prices As you guys can see Bitcoin up in the last 24 hours 10 percent in 24 hours guys That's right. It's currently trading around 13,080 In the last seven days were up about 15 percent almost So it has been a crazy crazy day the global crypto market cap is at 392 billion Which is up seven and a half percent over the last 24 hours As you guys can see here Ethereum also up eight percent today. So that's also shot up. It's at the four hundred dollar resistance XRP is up four percent Bitcoin cash up seven percent Binance coin up four chain link up nine and a half percent polka dot up eight percent like coin Finally showing some life. It is up 15 percent Cardano up about five percent guys. So everything is pretty much green There are there's always gonna be a little bit of red here and there but for the for the most part the majority of The coins today are green as you can see here I need some water man. I didn't bring I didn't bring no water today Anyway, so let's let's take a look at the news first before we before we dive into the chart So the main thing that happened today here was PayPal so as you guys can see here PayPal giant well payments giant PayPal says its customers can now buy and sell Bitcoin so that was the main thing that happened today Let's go ahead and read this article Payments Giants PayPal Says its customers can now buy sell and hold Bitcoin and other virtual coins with the company's on Online wallets the company also says its customers will be able to use cryptos currencies to shop at over 26 million merchants on its network starting in early 2021 guys that is huge. That is so big guys We are gonna be able to shop using our Bitcoin through PayPal. That is enormous guys our report quotes the company's president and Chief executive Dan showman saying that they hope the service will encourage global use of virtual coins and prepare Its network for digital currencies that may be developed by central banks and corporations It continues We're working with central banks and thinking of all forms of digital currencies and how PayPal can play a role According to a report US accounts holders can start buying and selling crypto currencies in the coming weeks As you guys can see here in the coming weeks while other while there are plans to expand this This to Venmo and some other countries in the first half of 2021 So that's another big thing guys expand to Venmo The report adds that PayPal which has secured the first conditional Cryptocurrency license from the New York State Department of Financial Services will initially allow purchases of Bitcoin and other cryptocurrencies Called Ethereum Bitcoin Cash and Litecoin Paypal has partnered with Paxels Trust Company to offer the service Meanwhile, the report further explains cryptocurrency payments on PayPal will be settled using fiat currencies such as the US dollar Meaning merchants will not receive payments in virtual currencies So basically that means that you can pay someone with your Bitcoin and the merchant. It's gonna be trans basically Converted into USD when you make the payment so you can pay anybody in the world really Whether they accept Bitcoin or not. It doesn't matter because it's automatically transformed into USD The news of PayPal's entry hit their crypto space and huge endorsement of crypto assets and it comes as more mainstream Organizations are buying Bitcoin and other digital assets the payment Giants entry is likely to spark the wider Adoption of cryptocurrencies given its wide reach according to a report PayPal has 346 million active accounts around the world and processed 222 billion in payments in the second quarter So guys that that is huge huge huge news It is huge and although they are talking about, you know central banks and all that doesn't matter central banks are going to have to They're gonna have a role in the digital currency space That's something that that's They're gonna try to do and they're there's gonna be a role for them. You know what I mean But they're but we're still gonna have you know the role that we currently have with Bitcoin So that that'll be central banks using other different type of coins has nothing to do really with Bitcoin Maybe you'll have to like transfer Bitcoin into whatever other coin for the central banks You know who knows what they come up with but that's still saying that they have to go through Bitcoin. You know what I mean? There's only so much that they can do to centralize So this is another another article Basically saying the same thing Bitcoin is now trading at the highest price it's seen well over a year with bulls aiming for 13,000 as its strong up and up trend gains momentum So we've already hit 13,000 as you guys can see Ron chart as you guys can see there Today's news regarding PayPal's foray into the crypto market provided the benchmark cryptocurrency with a serious boost It's price surged to over 13,000 But it does appear to be poised for further gains The recent uptrend has come about in the absence of any immense bullishness in the stock market with BTC incurring independent momentum where trends next will likely depend on how long it could stay above 12,000 Which we're already above 13. Um, so yeah guys, this is super exciting news I am super excited I am hoping that you guys watched our previous videos and we're able to capitalize on this move Guys, we've been giving you guys so much content so much free content so many free trade setups Guys, we told you about this level here. We even pointed it out The 11,200 was the mark where you wanted and needed to buy we probably did five different videos talking about this level and As you guys can see as soon as it touched this level it took off guys Look at this it took off guys. We told you this level 11,200 and It took off. That's what you call Take off guys. That is what you call the moon guys. That is what you call Lambo's where are we are in Lambo City tonight? So yeah guys as you guys can see it is currently trading at 13,131 dollars RSI is way the fuck over here basically about to break from how high it is So the momentum is there Um Eventually is gonna have a breather, but you know, we don't know yet when that's gonna happen So we're just gonna keep riding it until the wheels fall off So of the new targets that we're setting right now are gonna be 13,200 as our first target our second target is 13,000 And I mean, let's let's look over here So 12,500 is gonna be a support here But if we go back to the last time that we traded in this range, it's back here Right And you see how high this RSI was over here It was around 87 And this is when we went all the way up to 14k so this was last year in June So as you can see here 13,200 is a level where there was price action Then also the 13,500 and Then we like the the 13,400 level so those are the levels that we're using To take profits those are the levels that we're looking at for For entry as well So I came all the way back to 2018 when we had this mega trend right here So I wanted to see if I see anything different here So 12k was a was the big one, right? And look what happened after we broke that 12k mark We shot all the way up to 13,006 13,700 it looks like we closed that day at 13,000 almost 13,700 Next day we shot from 13,7 All the way up to the high was 17,000 guys the high the next day was 17,000 But we closed at 17,400 Then we went down Basically the next day we dropped to 14,000 and we bounced back up closed at 16 to 16,200 Next day again, we dropped to 13,200 and we bounced back we ended up closing at 15,000 The next day the lowest 13,200 again, so that's already showing us that 13,200 is going to be a lot of price action there Um, so 13,200 is is the first level we're taking profits on our 13,000 breakout entry um See what else happened here and yes, that's pretty much it here. We kind of see the same thing 13,007 is where it closed here This day went a little 13,400. So that's why we like 13,400 here as our second target And then 13,500 as our third target because of that whole number You know psychology and all that fun stuff. We always tell you guys about So hopefully you guys have been watching our videos Hopefully you've been able to take these trades and make these these easy profits guys We have everyone in our trade rooms been making thousands of dollars profits just today Which covers the expense for their memberships for the entire year So, um, that's basically it guys Hopefully you guys enjoyed this video Um, let me know any comments you have in the bottom um Make sure to follow The page and like this video if you want and if you believe that bitcoin will hit $20,000 this year if you guys think it's gonna hit $20,000 hit the like button drop a comment and hit the follow as always guys Peace and love. See you guys tomorrow