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players are very optimistic and hopeful for the future and bitcoiners understand what's broken and they understand that they have the solution and it's you know and we understand that we're kind of on the Cutting Edge I mean you know it's like it was fun back investing in the internet in 1994 and going you know this is going to be big and and that's the same feeling I'm getting with Bitcoin and bitcoiners are you a bitcoiner have you followed in have you orange pilled if you have you understand you get it you know what's broken why the system is broken and you know the answer the answer is Bitcoin is it really makes sense to save in dollars anymore and there you have it from Lawrence leopard if you fix the money you fix the world and what he's saying is that investing in Bitcoin right now is like investing into the internet back in 1994 and he sees a huge upside in the years to come and right here the banks are under a lot of stress deposits continue to flee at an unprecedented rate so where all these deposits are going are they going into the crypto Market are they getting out the dollar and going into the crypto space Bitcoin specifically you be the judge and with that what's happening crypto crew Sean's going back at you another cryptocurrency video get straight into it and continuing we're taking a look at the Bitcoin price here at the current time it's recording coming at 28.2 K and taking a look at the charts what do we see what we anticipate right now Bitcoin is being squeezed then why do we say this we're looking at Bitcoin versus the US Dollar on the three day and you see since 2019 we've had this macro trend line that Bitcoin has respected and then once we fell through it what happens we capitulate but this has actually that support and resistance and right now if we zoom into the price action what do we see we see that this trend line is acting as resistance and Bitcoin just can't get back above it but it's being squeezed right here by this yellow line here and this support and the EMAs have just called long as you see the EMA ribbon on the three day has called long so Bitcoins getting ready to make a very volatile move to the upside so right now is the time that you want to be packing your bags or you have your bags already packed because as as you see once Bitcoin breaks through this resistance level there's not much more resistance looking back into the charts until Bitcoin gets at least up to the 32 000 range and then there's a lot more Confluence and resistance up to 37 to 40 000 so as you see Bitcoin it could be getting ready to spring through this downward resistance an update from Trend Rider show this chart to your bearish friends Bitcoins Bull Run is on the way this is not just speculation this is a fact just look at the patterns here looking back in the 2011-2012 you see Bitcoin peaked out and then had this sort of Nike sign here before it rips up to a new all-time high and then rinse repeat another Nike sign before we blast up to an all-time high rinse repeat another Nike sign blast up to an all-time high this right here it paused because of the Black Swan event with the pandemic dump but all in all right here if you see here we're getting ready to rip up to that new all-time high how high are we going to go 100 000 plus Bitcoin it could be a reality within the next year or two buckle up another update from El crypto profits Bitcoin and the all coins total market capitalization the total Mark cap has successfully broken out of its descending Broad New wedge this has happened two times before as you see in 2019 we had this blow off top in 17 and we just stair stepped our way down to the 1819 bear Market came up lasted up past this downwards resistance from this broadening wedge came back and retested as resistance once and then twice with the pandemic crashed before the blast up to the upside same thing back in 2015 the bear Market we came down blast up retested it then it was Off to the Races to make that 2017 High we'll zoom in where we are in 2023 we currently have blasted through this downwards resistance and we could come back down and actually retest this this is going to get a lot of people spooked if this happens if we come back and retest this but Bitcoin is going to have this bump up and run pattern going to the 2024 having and it's going to be ready for liftoff and then an update from the two-year moving average multiplier as you see anytime we're down in this green area anytime in history this has been the best time to buy Bitcoin and right now we're still below this area it'll be below this area until the 34 to 35 000 range so are you stacking stats these levels and are you buying just solely in these green areas buying the greens sell near the red that's the name of the game and how you can stack more sets people aren't saving in dollars no more and D dollarization has begun and it's becoming a reality this is stuffed a few years ago that people speculated on well it looks like it's here last week China and Brazil reached an agreement to settle trades in one another's currencies over the past 15 years China has replaced the United States as the main trading partner of resource Rich Brazil and as such that shift may have been inevitable but within the context of recent circumstances this appears to be another in a series of recent blows to the central role of the dollar in global trade there's a lot of talks about the dollarization hyperinflation things you didn't hear years ago and what's that hedge did you invest in stocks did you invest in real estate should you invest in Bitcoin well bitcoin's been the best performing asset of 2023 year to date but we also have a take from chemath it's papatia and the all-in podcast is weighing in on what do they take from this dedalarization talk let's hear from them this whole thing is a huge nothing Burger this is the third deal that that China has done the other two countries are Pakistan and Brazil and the reason why is I've seen like people on Twitter now breathlessly rambling on about de-dollarization and all of this stuff and if any of these people would think from first principles the first thing that you would know is that the yuan is pegged to the US dollar and so as long as it's pegged whether you trade through the US dollar or you don't and you directly go to Yuan you're indexed to the US dollar and then you use a dollar swap to convert it into the currency you need so I don't know I think this is kind of like a lot of folks who don't really know what's going on what do you think about the the depth of China's trade relationship so forget about the nomination of the currency but the fact that the statistics came out is that you can't find the top trading partner with 120 countries you know they surpassed the US with many of these countries over the last you know decade or two in particular and continue to increase the the scale relative to the US where we're kind of decreasing our dependence on on Nations and reducing our trading the reason why China has had so much dominance as a trading partner and the reason why China's central bank has the largest amount of foreign US dollar reserves about three and a half trillion dollars is exactly because of the thing that you want to ignore in order to have this highfaluting intellectual conversation it is pegged to the US dollar and until it is unpacked in a free-floating currency we will never know but the real market clearing price is China has been very effectively able to manipulate this currency since they were brought into the WTO in order to engender that trading partner status they were able to artificially suppress the value of their currency so that exports from China could gain Traction in countries all around the world you have to take into account this currency Peg and you have to ask the question where would the currency be if it wasn't free-floating and then what would the incentives be for folks to replace the dollar and I think that there's a lot of interesting questions there that are worth asking but I think you have to be a little bit more intellectually honest to have the discussions and the all-in podcast what's your take on this is sort of down planet in this video he's saying that this is a nothing burger and that people really don't fully understand the complexity of global currencies in global trade and that regardless if all these currencies are still pegged to the dollar until they're not so what's your take on this please leave your thoughts below is D dollarization of fear and should you be worried and should you just get out the system opt out into Bitcoin foreign
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