 Eric, can you give us a brief overview of the latest movements in Bitcoin price and what we should expect in the short-term future? Yeah, absolutely. Bitcoin actually just did some pretty damn massive in the last 24 hours or so We got a pretty massive breakout out of this $10,000 base right here really confirms this all as Well for the bears a little bit of a bear trap But more importantly this whole consolidation right here is now being resolved to the upside to me This looks like this wants to trend And if we're gonna start training once again, I mean, this is you know This is the time to actually be paying attention as Bitcoins, you know ready to move here all higher time frames are kind of lining up with each other You know this whole price action right here over the last five six weeks About six weeks that was just that was just a nice healthy pullback after you know Long-treading move a lot of people looking at this as a reversal a lot of people looking at this as likely to come further south No, this is actually now confirmed as As a very healthy consolidation a bullish consolidation and now being resolved to the upside any sort of a Any sort of a closure on a higher time frame now above 11.5, which looks pretty damn likely is going to Insight the next leg most likely. I mean, we're seeing all higher time frames lined up with each other And this is usually when I'd like to make my best trades Looking at the daily right here. We regain the yellow 21 expansion moon average That's something I was that I was watching for on my channel To kind of denote when the next training move is going to emerge again And then on a lower time frame kind of the big hoopla with the last Well, is it like the last Jesus a couple weeks a price action. We had this death cross go on in the four hour This is the green 50 expansion moon average and the purple 200 expansion moon average right here I'd actually gone through and undocumented all the different cases of death crosses and golden crosses on the four hour in dynamic markets and To the upside these crosses typically last about two weeks We're literally at the two week mark right now And it got golden cross and more importantly and some and some that I think the viewers might be a little more interested in hearing Is that in an overall upwards market? I found that once the you know once you get the golden cross in the four hour Usually you get about a 100% increase in price action Literally a 2x within the next 100 to 120 days in overall upwards market Which we certainly are in overall upwards market right now So I kind of put these these two things together and say hey if we're resolving this consolidation to the upside and And we're seeing all of these momentum oscillators and and moving averages start to you know switch around a bullish once again We're not just you know, we're you know, we're not just you know looking to the upside but we're training right now and I would be just looking generally for higher pricing prices in Bitcoin all higher time frames are bullish right here Monthly had a phenomenal close Just a few days ago at the turn of August and to me This is this is setting up to to to actually push this guy and Legitimately, you know before end of year. It's really not out of the question to be thinking about 20,000 now You know, I felt like a little bit of a boom boy saying that earlier, but this is really starting to shape up as something quite constructive and I Do feel quite strongly about that now So as I can see you are pretty bullish about Bitcoin at the moment So a prominent another prominent personality in the crypto space Max Kaiser said that Bitcoin will reach 15,000 this week by the end of this week. Do you think it's a kind of realistic prediction? I I think that's a little bit more YouTube algo inspired prediction. I while I'm bullish on Bitcoin I mean, you know to say that Bitcoin is gonna get to 15,000 this week I think a little bit of a stretch. We've had a pretty nice move already You know a thousand bucks up from from you know from this new weekly open While I do think that Bitcoin does get to 15,000 overall. I've not I'm not so certain not say this week. It's good to be a moonboy. It's good to have a healthy amount of optimism, but that's On the outlier there don't get me wrong I do think that Bitcoin does work its way towards there But really when we're looking at these higher time frames as we just were we need to kind of insight of like a three to six month time frame for those sorts of moves not Probably not today or this week, but hey, you know anything's possible with Bitcoin I would be looking there overall. So so the bottom line is, you know, I we're kind of on the same page But time frames for that are definitely gonna vary talking about the cause behind the latest Surge some analysts say that the Federal Reserve cutting interest rates in the US And therefore causing inflation to rise might have caused the latest surge in Bitcoin price other people pointed at the latest turmoil in Hong Kong and the Evaluation of the Chinese one as the main causes What do you think are they the most possible reasons for bitcoins to surge? Yeah, there's I mean There's really only one answer to this question and there's one and it's the same answer To why price action ever moves ever why did price action go up? We have an imbalance of buyers and sellers and there's more buyers right now That's the only reason why I went up really at the end of the day It's these reasons that we kind of look for to justify these moves after the fact Which you know just kind of a swage are our need for logical fall through on these But at the end of the day does it actually matter what the reason is? Not really we have more buyers and sellers and as you saw on the charts, you know for the last five six weeks We had a we had a pretty healthy consolidation, you know Is that like what do people who say the you know inflation or sorry, you know inflation rising or you know The Chinese you on being being responsible for this what do they have to say about that right was it already priced in no Of course not everything moves together, right? But we can only really look at price action to begin with so what's the real cause of the move more buyers and sellers Don't do those sorts of economic events help out yes and no because at the same point in time, you know each and every market participants Interpretation of those events can be subjective we all kind of view reality through our own little lens And while most people would probably look at that as a more positive thing there's always gonna be someone out there who's you know who could who could find another you know counterpoint to that and These sorts of you know events are sorry These sorts of reasons that come out after the past or sorry after the after the fact are typically just there for the Retailers to kind of feel like oh this makes sense You know I you know I was told just a few weeks ago that we're gonna go down to a 75 hundred or 8500 by by so-and-so and And and you know didn't happen now So I need a reason in order to feel right and so that's where that kind of is born from I'd say it's largely irrelevant At the end of the day, you know gold which I think Bitcoin is Commonly you caught you know commonly compared to you know, they're both commodities Obviously, there's there's a lot of difference don't get me wrong But just like a working definition both gold and Bitcoin kind of in the same sort of realm if you want it If you want to put it like that and you see them both rallying off this sort of this sort of event So you do see that Bitcoin is acting as a commodity and kind of as potentially You know, we're starting to maybe see a little bit of it of it acting as a hedge against the traditional markets Maybe as we do see traditional markets kind of turned down here in Bitcoin training to the upside once again So say that's pretty damn powerful, but we need to see this continue more more throughout the you know Just more throughout time in general really it's too early. We haven't really seen any major changes in behavior From both that would lead me to believe that this is a long-term trend just yet It doesn't mean that it can't happen But as far as like actual evidence in front of our face, we don't have that now Of course, you know as Bitcoin, you know as Bitcoin enthusiast We all we are kind of looking for that to happen But as of right now has it actually, you know gone down that way not necessarily All right, so talking about altcoins right now one of the most waited the Events of the week was the litecoin halving So a lot of traders were actually following this upcoming event because they were expecting some Upwards movement in litecoin price which actually failed to materialize where you actually expecting this outcome for the litecoin halving Yeah, the litecoin halving is a very interesting thing So the past history has shown that actually leading up to the halving date Usually that's pretty massive price increase. We saw like when go from about 20 bucks to almost 150 bucks I think it was That was what that was and then usually when the event actually happens. Well, it's already priced in right? So what is everyone? Well, what are the professionals doing? They're basically selling it to the to the retailers who are now buying into it right now saying oh Having good and and now they have liquidity for that Realistically down the road. It is a positive thing. The trend has been in the past that you know longer term Yes, you know absolutely positive positive impact on price action as you'd imagine just because that is an actual fundamental type thing But the actual date of like literally the second of well as you're seeing right now Like coins certainly not leading the market kind of following more than anything But I would expect that you know over time it does it does still benefit from that It's just at the actual event, you know You get events like college you get people selling into it just because they know that there's gonna be buyers for it And that's typically how those things go and that's you know where that sort of saying you know by the by the room Or sell the news, you know typically comes from coin telegraph like subscribe and huddle You