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<v Speaker 1>Hey, folks, welcome into the Thinking Crypto Podcast, your home

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<v Speaker 1>for cryptocurrency news and interviews. I'm your host, Tony Edward.

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<v Speaker 1>On your way in. Please hit that subscribe button as

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<v Speaker 1>well as a thumbs up button and leave a common blow.

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<v Speaker 1>If you're listening on a podcast platform such as Spotify

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<v Speaker 1>or Apple, please leave a five star rating and review. Folks.

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<v Speaker 1>We got some big updates around bitcoin. It had its

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<v Speaker 1>highest weekly close in history at one hundred and nine

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<v Speaker 1>two hundred dollars. Here's what analyst Matthew Hyland had to say.

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<v Speaker 1>Bitcoin completes the highest weekly candle clothes ever. Bulls are

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<v Speaker 1>in control. So this goes back to our thesis which

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<v Speaker 1>we've been talking about for months now. Despite all the

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<v Speaker 1>dumers and the people saying the market is over bear market,

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<v Speaker 1>here it is. Right. We were saying, the bullmarket's still

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<v Speaker 1>intac The on chain data, the macro, the technical analysis

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<v Speaker 1>on the charts, all we're showing that the bullmarket was

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<v Speaker 1>still intact despite fall latility, despite market pullbacks and crashes,

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<v Speaker 1>right because the key support levels were not broken. Whales

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<v Speaker 1>were still accumulating, Global liquidity was still rising. But you

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<v Speaker 1>got to watch out for people who are just sharing

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<v Speaker 1>sentiment because many of them are not looking at data

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<v Speaker 1>and facts and the charts, and you want to make

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<v Speaker 1>sure you're sticking to the data. So this is a

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<v Speaker 1>very good sign for the continuation of the bull market.

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<v Speaker 1>Now doesn't mean Bitcoin tomorrow is going to pump to

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<v Speaker 1>one hundred and thirty thousand dollars in one week, of

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<v Speaker 1>course not. We're gonna stare step our way out of

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<v Speaker 1>the consolidation zone we've been in, and of course the

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<v Speaker 1>market doesn't move in a straight line. We're gonna work

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<v Speaker 1>our way up and then we'll hit a parabolic phase,

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<v Speaker 1>just like we saw in Q four. We worked our

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<v Speaker 1>way up and then all of a sudden, Bitcoin broke out,

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<v Speaker 1>and then all coins followed, XRP, Solona, all these coins

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<v Speaker 1>started moving. So if you're not a Bitcoin holder, it

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<v Speaker 1>doesn't matter. You're still waiting for Bitcoin to make its move.

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<v Speaker 1>We use bitcoin as the measuring stick, so we're waiting

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<v Speaker 1>for that move. And this is a very good sign

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<v Speaker 1>that we had the highest weekly close ever. Yeah, that's

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<v Speaker 1>a bear market. That's what happens in bear market, if

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<v Speaker 1>you get my sarcasm there, right, But guys, Bitcoin right

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<v Speaker 1>now trading at one hundred and nine four hundred and

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<v Speaker 1>thirty five dollars. So let's see what this week brings

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<v Speaker 1>us as we continue to stare step our way out.

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<v Speaker 1>We're waiting for bitcoin to break one hundred and twelve

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<v Speaker 1>thousand dollars and then it will enterprise discovery once again.

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<v Speaker 1>When you look at the higher timeframe of the weekly chart,

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<v Speaker 1>still looks very bullish. Bitcoin's RSI on the weekly still

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<v Speaker 1>shows room for upside here. We're not in the overbought zone.

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<v Speaker 1>The mac D is still green, showing the bulls still

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<v Speaker 1>have the momentum. Bitcoin dominance, even though it's consolidating sideways

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<v Speaker 1>right now, has been on the rise, and I believe

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<v Speaker 1>it's going to continue to rise to about seventy one percent,

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<v Speaker 1>and we're going to see Bitcoin steal the show. Of course,

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<v Speaker 1>where the liquidity is going to float to Bitcoin, it

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<v Speaker 1>will pump to new highs. Then the rotational liquidity will

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<v Speaker 1>take place, and of course, in order for it to

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<v Speaker 1>do that, you need to see the tether dominant keep

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<v Speaker 1>breaking down. So tether dominance had started breaking down since April,

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<v Speaker 1>and we saw Bitcoin hit one hundred and twelve thousand

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<v Speaker 1>as a result, and some all coins started waking up

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<v Speaker 1>like ethereum and so forth. But then tether dominance has

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<v Speaker 1>been moving sideways. Now this is speaking to the stable

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<v Speaker 1>coin liquidity. We use it as a benchmark because we

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<v Speaker 1>know a lot of the liquidity comes from tether, and

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<v Speaker 1>once that enters the market, the assets pumped. So we're

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<v Speaker 1>talking bitcoin and all coins. And as you can see

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<v Speaker 1>here in Q four, we had a major breakdown even

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<v Speaker 1>in Q one into the early innings of Q two

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<v Speaker 1>the breakdown of the tether dominance, and that took us

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<v Speaker 1>into a big rally. So patients is the key here.

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<v Speaker 1>You gotta be patient. Things are playing out. The thesis

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<v Speaker 1>is still intact here based on the data now, not

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<v Speaker 1>our feelings, not our emotions, and we're gonna see that

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<v Speaker 1>big rally, folks, But we got to go through the

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<v Speaker 1>volatility and be patient. And here one analyst on x

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<v Speaker 1>shared a chart analysis of the tether dominance saying, I

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<v Speaker 1>compress this fractal and it fits better. Would mean that

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<v Speaker 1>USDT dominance is about to have a very large move

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<v Speaker 1>from now until late July. Crypto rips hard until late July,

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<v Speaker 1>so we could see a major rally. There's no guarantees here,

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<v Speaker 1>of course, because there are different factors that could change

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<v Speaker 1>things around. Just look at what happened with the tariff

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<v Speaker 1>situation and that big crash that pushed everything back the

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<v Speaker 1>timeline pretty much. So let's see how this plays out.

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<v Speaker 1>We're still early in July, and this rally that may

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<v Speaker 1>start in the middle of July or so or late July,

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<v Speaker 1>could bleed into August. Then maybe the latter half of

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<v Speaker 1>August we see a correction, then a continuation sometime in

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<v Speaker 1>September into October. Again, this is what we're looking at

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<v Speaker 1>from the timeline and how the charts are moving. We'll

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<v Speaker 1>have to update the thesis as things progress. But from

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<v Speaker 1>the macro, the bull markets still intact, especially with global liquidity,

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<v Speaker 1>and these things continue to rise. So I shared a

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<v Speaker 1>couple of charts in my newsletter today and be sure

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<v Speaker 1>to sign up for my newsletter. It's one hundred percent free.

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<v Speaker 1>You can go review these charts in detail, and one

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<v Speaker 1>of them is the total crypto market cap showing where

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<v Speaker 1>we're at right now, and that using elliot wave analysis,

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<v Speaker 1>we still have ways to go here with in the

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<v Speaker 1>micro or the short term, a third wave which will

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<v Speaker 1>take us to a peak come late July and into August,

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<v Speaker 1>then a correction and then move up into Q four,

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<v Speaker 1>so that will be the completion of the macro fifth wave.

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<v Speaker 1>And again macro, so we're talking like the entire year

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<v Speaker 1>and multiple years here. So you can see here the

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<v Speaker 1>chart analysis and signals are aligning to there's more upside here.

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<v Speaker 1>In addition, if you use a Fibonacci model for the

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<v Speaker 1>total crypto market cap, which would take us to near

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<v Speaker 1>ten trillion dollars, that would be a four point two

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<v Speaker 1>three six extension that we have nowhere close there. So

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<v Speaker 1>we got ways to go, folks, And as I've been

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<v Speaker 1>preaching for NonStop, make sure you have a profit taking

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<v Speaker 1>plan because there will be a bear market all bull

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<v Speaker 1>markets n and a blow off top and then a

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<v Speaker 1>deep correction. Now, will the correction that's coming up in

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<v Speaker 1>the bear market this time around be as deep as

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<v Speaker 1>the ones before? Probably not, because you have et apps

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<v Speaker 1>and much more. However, all markets correct right, even the

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<v Speaker 1>stock market, and let the tariff crash be an example

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<v Speaker 1>to you. Black Swan events can happen, so make sure

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<v Speaker 1>you have your plan and you know what you're doing now.

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<v Speaker 1>One signal I often share with you guys for bitcoin

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<v Speaker 1>is the pie cycle top indicator and that is nowhere

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<v Speaker 1>closed to signaling. And this is one of the metrics

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<v Speaker 1>we're going to look at closely as the prices continue

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<v Speaker 1>to rise to get an idea where we're at. You know,

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<v Speaker 1>earlier I mentioned bigcoin whales continue to accumulate, so data

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<v Speaker 1>from Santaman showing on chain data while it's with ten

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<v Speaker 1>or more coins continue to increase. You look at this

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<v Speaker 1>charge here. I know some of you listening to the

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<v Speaker 1>podcast can't see it, but trust me when I tell you,

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<v Speaker 1>and I put it in my newsletter. By the way,

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<v Speaker 1>we continue to see the rise here, and they are accumulating.

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<v Speaker 1>When they are exiting the market, you see this number

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<v Speaker 1>start to dip. And a clear indication of that was

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<v Speaker 1>in Q two of twenty twenty four with the Bitcoin

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<v Speaker 1>bider rum or sell the news event where bitcoin was

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<v Speaker 1>super overheated. It had hit new highs ahead of the

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<v Speaker 1>having there was a massive dump. This same chart showed

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<v Speaker 1>the massive dumb and that correlated with the price pullback

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<v Speaker 1>of course, So we're gonna watch all these things closely,

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<v Speaker 1>so stick with me. Make sure you subscribe to the newsletter,

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<v Speaker 1>your subscribe to the podcast. On the podcast networks on YouTube.

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<v Speaker 1>You got the notification bell enabled because once again we

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<v Speaker 1>want to walk away from this bull market with money

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<v Speaker 1>in our pockets. Folks. Quick word from our sponsor, and

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<v Speaker 1>Safe five device. Treasure was the first to pioneer crypto

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<v Speaker 1>hardware wallets. They did the whole seed phrase setup. Their

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<v Speaker 1>hardware walllets are open source. They've been at this since

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<v Speaker 1>twenty thirteen, and they support a variety of tokens. I'm

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<v Speaker 1>talking Bigcoin, XRP, Sowana, Ethereum, all your top tokens. And

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<v Speaker 1>a handholding service because I know sometimes these things can

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<v Speaker 1>a device. So to learn more, check out Treasure. The

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<v Speaker 1>link will be in the description. Now, folks, I'm sure

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<v Speaker 1>many of you heard about this Elon Musk. He's been

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<v Speaker 1>going through a whole political battle with President Trump and

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<v Speaker 1>much more, and he's talking about creating a third political party,

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<v Speaker 1>which would be the America Party. Now, someone asked him

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<v Speaker 1>on X as he posted about the America Party. They said, Elon,

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<v Speaker 1>will the America Party embrace bitcoin? He said, fiat is hopeless,

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<v Speaker 1>So yes, wow. I don't know where this is going

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<v Speaker 1>to go, but we know Elon is bullish on crypto.

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<v Speaker 1>He personally holds bitcoin, Ethereum and dochcoin, Tesla holds bitcoin

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<v Speaker 1>on his balance sheet. So I expect he's going to

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<v Speaker 1>do a lot of updates to the X platform because

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<v Speaker 1>he wants to make it an all in one app

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<v Speaker 1>with finance and trading and and so forth. And I

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<v Speaker 1>believe he's going to integrate blockchain and cryptos. So we'll

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<v Speaker 1>keep an eye on this. So regardless of if you're

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<v Speaker 1>a fan of Elon or not, that's not the point

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<v Speaker 1>what we're looking at as investors is adoption and on

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<v Speaker 1>all fronts, right, in all parts of the society, whether

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<v Speaker 1>it be Wall Street, trad five culture, society, even politics. Right,

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<v Speaker 1>So all of these dominoes are falling and cryptos getting

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<v Speaker 1>penetration on multiple fronts. So this is all bullish in

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<v Speaker 1>my opinion. Now, Eleanor Turd reported the following that this

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<v Speaker 1>coming week there's going to be a hearing on Wednesday,

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<v Speaker 1>specifically called making America the Crypto Capital of the World,

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<v Speaker 1>focusing on building a twenty fourth century tax policy framework

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<v Speaker 1>for digital assets. So this is outside the Clarity and

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<v Speaker 1>Genius Act, which is the market structure and stable coin legislation, respectively.

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<v Speaker 1>But apparently this is being postponed. It's going to be

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<v Speaker 1>pushed back due to the Houses out of session this week.

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<v Speaker 1>So the point is, though, this could be significant because

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<v Speaker 1>they could open up possibly you know, some sort of

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<v Speaker 1>tax benefits or crypto holders, maybe less capital gains tax right,

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<v Speaker 1>maybe the ability to spend some of your crypto tax

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<v Speaker 1>free without you know, hitting that tax penalty of conversion.

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<v Speaker 1>So it's out of course, so let's see how this

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<v Speaker 1>plays out. But boy, if they cut back on capital gains.

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<v Speaker 1>I would love that, man. That would be amazing because

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<v Speaker 1>I've often said capital gains taxes highway robbery by the

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<v Speaker 1>US government or in governments in general. Because you take

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<v Speaker 1>your already tax money, you go and invest it in

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<v Speaker 1>an asset it appreciates, you take profits, and the government

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<v Speaker 1>comes and takes a cut. You know what I mean.

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<v Speaker 1>That's highway robbery by the government. Man. But this would

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<v Speaker 1>be very interesting and very bullish in the market. And

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<v Speaker 1>as I reported yesterday folks, and even in my newsletter today,

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<v Speaker 1>Crypto Week, as the folks in the House Financial Services

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<v Speaker 1>Committee are calling, it will be July fourteenth through the

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<v Speaker 1>eighteenth where the three major bills will be reviewed, which

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<v Speaker 1>is the Clarity Act, the Market Structure Bill, the Genius Act,

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<v Speaker 1>the Stable Cooin Bill, and the Anti CBDC Surveillance Bill.

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<v Speaker 1>So we are seeing Congress ramping up here towards crypto

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<v Speaker 1>legend stations. So this is why if you step back

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<v Speaker 1>and you look at all the puzzle pieces global liquidity,

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<v Speaker 1>the charts, Bitcoin highest weekly close, what Congress is doing

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<v Speaker 1>putting out the big banner out there Crypto week right,

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<v Speaker 1>and we're seeing signs of a possible rally coming in

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<v Speaker 1>you see all the puzzle pieces lining up here right,

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<v Speaker 1>there's a narrative to go with maybe the rally, which is,

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<v Speaker 1>you know, stable coin legislation gets passed. Remember stable coin

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<v Speaker 1>legislation passing through the House, it goes straight to Trump

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<v Speaker 1>now for signatures because it already passed in the Senate,

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<v Speaker 1>so I believe it will make it quickly through the House,

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<v Speaker 1>and the Clarity Act will. Once that passes the House,

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<v Speaker 1>it has to go to the Senate. And as David

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<v Speaker 1>Sachs had highlighted the last week of June that you

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<v Speaker 1>know that's going to play more into September. So this

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<v Speaker 1>is where again follow my timeline that I was sharing earlier.

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<v Speaker 1>If you align the chart analysis here right with what

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<v Speaker 1>the government is doing with crypto legislation, you see a

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<v Speaker 1>rally into late July, correction into August, then a pump

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<v Speaker 1>into maybe the second half of September, ends in October.

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<v Speaker 1>That's something to keep in mind here, folks. So this

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<v Speaker 1>is why you want to be an educated inform investor.

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<v Speaker 1>Look at all aspects. You can't just have tunnel vision

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<v Speaker 1>for the chart. You gotta look at the macro. You

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<v Speaker 1>got to look at what the government's doing. You gotta

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<v Speaker 1>look at global liquidity, you got to look at on

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<v Speaker 1>chain data with the whales and much more. So that's

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<v Speaker 1>what I'm trying to give you here, the full lay

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<v Speaker 1>of the land, so we can be as educated as

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<v Speaker 1>possible as to what this market's doing. Because we don't

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<v Speaker 1>have a crystal ball, so we use the signals, the

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<v Speaker 1>metrics and so forth that we have, and like I said,

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<v Speaker 1>have that profit taking plan so you walk away from

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<v Speaker 1>this bullmarket with money in your pocket. Just be prepared.

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<v Speaker 1>This is the year, in my opinion, of the bullmarket

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<v Speaker 1>blow off top and it may bleed into twenty twenty six. Again,

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<v Speaker 1>I don't have a crystal ball, but just be prepared

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<v Speaker 1>mentally and to know what your plan is. And I've

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<v Speaker 1>got my plan written down and I'm starting to prepare

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<v Speaker 1>to move coins around and you know, get ready for

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<v Speaker 1>the rally and put my cell targets and all that jazz.

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<v Speaker 1>You know. A tip, I'll give it to you guys.

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<v Speaker 1>If things get really crazy, euphoric and greedy. Some exchanges

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<v Speaker 1>may experience downtime due to traffic. So I set up

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<v Speaker 1>accounts with all the major crypto exchanges uphold coin based

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<v Speaker 1>cracking GEM and now you name it full kyc AML,

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<v Speaker 1>full security in place, so that if I have problems

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<v Speaker 1>with any exchange, I could just jump to the next

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<v Speaker 1>if you know what I mean. So just be prepared

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<v Speaker 1>with stuff like that. And in addition, you know, let's

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<v Speaker 1>say you take profits and you're ready to transfer money

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<v Speaker 1>to your bank, call your bank ahead so your transactions

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<v Speaker 1>and things don't get run into roadblocks. Say hey, I'm

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<v Speaker 1>transferring money from an exchange over to my bank account.

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<v Speaker 1>Let them know and all that right. Obviously, what your

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<v Speaker 1>tax implications are. Some of you are in different countries

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<v Speaker 1>or different parts of the country, different income levels, so

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<v Speaker 1>you need to make sure you're talking to an accountant

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<v Speaker 1>and know what you're doing. I've already spoken to my

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<v Speaker 1>accountant like, hey, expect this, you know, and I think

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<v Speaker 1>the second half of this year, and you know, I'll

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<v Speaker 1>update you as I take profits and what that looks

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<v Speaker 1>like and what I should be holding or maybe paying

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<v Speaker 1>upfront to the irs. Some people do that, right, and

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<v Speaker 1>how I'm going to navigate that. So things to keep

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<v Speaker 1>in mind, folks. We want to make sure we are

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<v Speaker 1>well prepared because this is a once in a lifetime

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<v Speaker 1>opportunity and you know there's the law of diminishing returns

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<v Speaker 1>where you won't get the same return. As the market

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<v Speaker 1>gets larger and matures, right, more liquidity will come in

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<v Speaker 1>more buyers and so forth more holders. So even though

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<v Speaker 1>I am anticipating more gains in twenty twenty eight to

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<v Speaker 1>twenty thirty, as far as higher prices, I should say

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<v Speaker 1>we won't see the same level of returns on certain

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<v Speaker 1>coins right as they mature. But maybe newer coins you

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<v Speaker 1>could see them pop off. But anyway, we don't want

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<v Speaker 1>to get to have myself. Let's make some money in

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<v Speaker 1>this cycle for us before we start planning for twenty

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<v Speaker 1>twenty eight to twenty thirty. So, folks, let me know

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<v Speaker 1>to think. Leave your thoughts and comments below hit the

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<v Speaker 1>thumbs up button. A great way you can support me

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<v Speaker 1>in the podcast is by subscribing to my free email

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<v Speaker 1>news that are one hundred percent free. It's on Substack.

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<v Speaker 1>Check out my book on Amazon. It's available in paperback

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<v Speaker 1>and digital, and check out my course at Mycrypto course

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<v Speaker 1>dot com. This is a comprehensive course that teaches you

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<v Speaker 1>every aspect of crypto. Check it out, folks. Thank you

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<v Speaker 1>so much for watching and listening. I appreciate you all,

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<v Speaker 1>and I'll talk to you all later