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If we look back in time, back to when the world’s economy shut down and the last bear market took place, we might be able to find clues to the future of Bitcoin and crypto as a whole. In this video I do just that, looking at the trends and math from years back to find exactly what kind of crypto summer we’re shaping up to have!
0:00 Intro
1:00 High and Lows Comparisons
5:30 What is Coming
8:31 What We Need to Do
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A lot of people are wondering where Bitcoin is going to well you can tell a Lot about your future by your past and Today we're going to take a look into Where Bitcoin is today compared to where It was in the last bear Market find out If there's some big gains in store of Crypto holders let's get it [Music] [Music] [Music] Welcome a bit more crypto my name is Ben Today we're going to be looking at the Last bear market and we're going to be Comparing it to this bear market and Trying to take a look at exactly where We are now here we have r on 2018 Um you guys can see this here was Actually the peak of the market this has Been in early January 2018 uh this was About exactly when I started my YouTube Channel started getting things ready to Uh for a bit boy crypto uh because this Entire bear market right here I mean my Gosh that certainly was when this Channel was born had to definitely learn A lot of tough lessons there so this Right here could really be considered The actual bear Market Everything from here Was from the bottom so if we go and we Take a look right here about where the Bottom was Um that would have been let's see here
Bottom would have been Monday December 18th and that would have came in at About Um I think it was about thirty two Hundred dollars is he at thirty one Thirty one hundred and twenty eight Dollars that would have been the low so If we compare that to where we're at now We come back and we look at the lows of The bear Market which would have been Right here we would have seen a low of 15 823 Um on you know I guess on this exchange Right here Some had it going lower some people had It going as low as fifteen thousand four Hundred some people had a fifteen Thousand eight kind of like in 2017 you Know not every exchange had Bitcoin at Twenty thousand dollars only if you did Uh but you could definitely know that The 19 000 the high 19 000 range was Where the top of 2017 was so when we Come back here and we look at the Previous bear Market living through it Is a lot different than looking at it on A chart uh living through it I certainly Remembered all of the different time Periods of this bear Market Um you of course had this was your first Drop here that was your dramatic ending Uh this was your first major bull trap Here Um this one right here was such a quick
Bounce this one here we believe the Price was going to go back up because we Had consensus coming Um we had the the famous consensus pump Similar to now we have a Bitcoin Conference pump that didn't happen this Year but then we started heading Downwards all of the things that we were Looking forward to that we thought might Turn the market around whether whether It was Believe It or Not Chinese New Year we thought maybe it was tax day we Thought maybe it was consensus none of That stuff because this used to be the Largest crypto conference by the way None of that stuff pushed Us in the Right direction Um you definitely had some some boring Sideways action here and then this here Was the true capitulation would have Been during the hash Wars of 2018 uh This would have been when Bitcoin SV Popped up Bitcoin cash was fighting they Had a lot of big mining problems you Don't care about any of that but then This here Uh this here is what I call the you you Know Miami the University of Miami it's Known for the U right well this here Was the U this was the bottom of the Bear Market Because when we hit the lowest price and We started slowly started coming out of It so now we've zoomed this side into
The actual top of the market which would Have been right here that's the top of The market now you look over here and You see from the top to the bottom I mean you kind of see a lot of Similarities here okay you see one giant Downward movement then you see one Reprieve of side reaction one giant Downward movement one reprieve of Downward action and then what you Actually have here is the bottom of the Market but notice you have a much Shorter Hue but you still have a u here You still have the same shape for the Bottom of the market that you had right Here okay so that leads us to where We're at right now okay coming out of The U we came back up to this to this Peak right here on this one it came to a Much higher Peak which is very Interesting because this actually right Here went to about two-thirds of the Previous all-time high well This one right here peeking out about Twenty eight thousand dollars well you Kind of look and say kind of much the Same thing about two-thirds not quite But about two-thirds of the previous All-time high so what am I telling you From this point forward what what have We gained by looking at all this Foreign [Music] [Music]
So the main question here is what are we Going to see here that's What we have right now there's a Question mark we don't know what's going To happen at this point but we do know What we've seen now I do want to Highlight this here because we're only Comparing the last couple of the last Bear Market however this capitulation Because of the of the pandemic this was Unusual we usually don't get that But you could use this and you could Forecast this and say when are we going To get to this action right here this Action right here is what really kicked Off this going this this movement going Up so that's Monday July 27th so your Real run-up started at the end of July Now your Bitcoin having of course took Place in May which would probably been About right there that that right there This right here is about your Bitcoin Having time right there we still have uh Approximately probably let's see if it Is June now we got six months left this Year we're probably looking about nine Months until we have the Bitcoin having So the question is if we're right there How far back is nine months from here This would be back in May of 2020 so This would take you all the way back to Five that's four this would have been September of 2019. the point is this The point is when you look at the timing
Of all this and you look here and you Say this is about a nine month period Between here and the having and that's Where we blew up and you were to Forecast forward and say well what is About nine months from now and nine Months from now you get about March so You could certainly make the argument That since our u-shape over here in this New market was actually Significantly shorter than the U in this One so we kind of compacted our time a Little bit the question here that we Should all be looking at and this is my Personal opinion right now Is how many months are we going to be Looking at boring action for crypto the Action for the last month well it's been Pretty boring if you come here and you Look at this this was your boring stage With the exception of the pandemic here I think the next three to four months Are going to be extremely boring because If you look back here and you say this Was about a nine month period of boring Action you kind of think forward to Where nine months we're going to be from Now we're going to be right there at the Having that doesn't seem to line up we Usually get a dump around the time of The having and then we get upward action About three months later I'm expecting From this point forward I think we PR we Possibly we possibly have topped out
Here there is a chance we make one more Push-up because if you look at this uh From the bottom of the U here would have Been February to the top of the U that Would have been July so it's nine months If you look at this one from the bottom Of the U here to the top that's December That's April five months shorter five Months shorter of a u-shape than what we Saw back here so in my opinion I think We've got to figure out some way over The next couple of months to either see One more little run up and then maybe Less time of worrying action or if we Don't get another run-up right now I Think we are dead set to probably look At something like this we're probably Going to go sideways we're going to dump A little bit get a time of a pump Not sure about the pandemic Wick don't Sure if we're going to get that again But then going upwards from there I just Think probably probably for the rest of Summer I think we're at least going to See probably some boring action it could Be wrong we could see some high Volatility we certainly saw some Volatility there but in my opinion That's what we're looking at there was a Lot of time during the end of 2019 Before 2020 where people like me even Were saying I don't know if we're right About this maybe we're going to end up Going into some extremely uh you know
Unprecedented territory where maybe Bitcoin doesn't recover uh from this Bear Market but I think that it will I Think if we get another run up in the Short term we could go to 40 or so and Come back down could hit 35 and go back Down but I think the most likely I think Right now everybody buckle up we see it In the numbers the numbers with the with Our audience even is going down a little Bit why because people are bored and I Think we're going to continue to see More of that boring action in the market Just Buckle in I think it's going to be A boring summer that's all I got be Blessed Foreign [Music] [Music] [Applause] [Applause] [Music] Foreign [Music]