The Shocking Bitcoin Scenario NOBODY is Expecting (and when it may happen)

The shocking bitcoin scenario nobody is expecting (and when it may happen). Bitcoin has currently rallied above 70K and is not far away from all-time highs. But could we see a major rally to 100K on bitcoin this year? And what will likely happen to bitcoin after it reaches 100K? Could it then top and fall into a bear market, and if so, how low could it drop? We explain with analyst Robert Prechter. #bitcoin #btc #alessiorastani

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Time stamps:

00:00 Intro
00:59 Halloween and Bob Prechter
01:50 Elliott waves, fractals and socionomics
02:58 Long term chart of bitcoin
05:52 What happens to bitcoin IF stocks top
06:07 the major risks with bitcoin
06:58 Potential targets for bitcoin
07:46 A major mistake and bias
08:23 What happens after a top
10:14 Example from 2018
10:45 The chart and wave count from 2019
11:10 Bob Prechter's newsletter
12:08 Outro

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Trading has large potential rewards and also large potential risks. You must be aware of the risks and be willing to accept them. Don't trade with money you can't afford to lose. We are neither an investment advisory service nor an investment advisor. Data and information provided are solely for educational purposes. Nothing in this channel, videos and the information provided in it should be construed as a recommendation to buy or sell stocks, ETFs, futures, indices, forex, cryptocurrencies, commodities or any market. The past performance of any trading system or methodology is not necessarily indicative of future results. Current analysis can change due to future market events. Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated, therefore anyone considering it should be prepared to lose their entire investment.

[who]

I know I haven't watched the video yet but still, thank you, Alessio, keep it up!

[nonbruh]

Bitcoin has no top because fiat has no bottom

[johngammon]

This guy was so wrong about this year last year why bother having him on again?

[sangEta]

If he picked up Bitcoin at 6 cents, and Elliott Waves worked, he wouldn't need to sell his newsletters for $7 a month, he'd be a multi billionaire!

[magicinternetmoney]

“What if someone invents a blockchain more efficient than Bitcoin” this argument is as old as time. There are millions of coins out there today, most of which are “much more efficient” like he says. How many of those have overtaken it? Completely disregards the concept of network effect that Bitcoin has established over the past decade. Alessio, I can’t believe you actually think this guy knows what he’s talking about

[DirkNader]

He lost me with what if someone creates another BTC. There are several thousand wannabes and they have not replaced BTC. Also he has not touched on the how behemoths like Blackrock have embraced it. This is positive for BTC if it never becomes really transactional it is digital gold and the current generation and the next will embrace it as such because they were raised in the digital age

[mrjansenr]

Bob: If there’s a new crypto that’s better than BTC, with all due respect.Then you don’t understand BTC.

[kevinw]

The dude has no credibility in the crypto world.

[evancarlson]

BOB seems to have no understanding of Bitcoin, everyone starts as a skeptic.

[martinlutherkingjr.]

Considering he’s known about Bitcoin since 2010 it seems bizarre that he’s using the old “what if a better bitcoin comes out?” argument.

[otaruban]

"I have been calling bitcoin scam since 6 cents, please buy my book"

[Cia-jyyn]

The quality of this channel gets crushed

[gergis]

"What if someone invents a new crypto currency " . Is this guy serious !!

[Kings-rn]

You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a Bitcoin trading from just a few months ago and now they are multimillionaires.

[sueemara]

If he really knew about bitcoin at 6 cents and was smart enough to buy and hold then he would be a billionaire by now and wouldn’t be talking to us now.

[arunbharagava]

Guy is a legend but he’s been calling top since 2021

[Dr.Wigbert]

There are still people who have not understand Bitcoin yet

[vjmceo]

Alessio— based on this video alone you have lost all credibility by showing you don’t understand BTC at all. You haven’t done the work. Spend 100 hours studying it and then you won’t let guys like this make such dumb comments.

[magicinternetmoney]

Watching him put those Elliot wave numbers in random spots such that they fit his narrative is hilarious. And Alessio agreeing like a yes man is a sight to behold

[adamandeve]

Has no understanding of Bitcoin history over the last 5 years.