MASSIVE OIL CRISIS! Will Bitcoin CRASH HARD Because Of THIS NEWS? Bitcoin Price Prediction 2026

Hey guys and welcome back. In today's video, we're going to be talking about Bitcoin and its incredible headwinds that it is facing at approximately $74,000. Is Bitcoin going to be able to rally above 74K? Or is the massive war in the Middle East going to actually cause Bitcoin to drop significantly farther? I'm leaning in that second direction, but we're going to break all of that down and more in today's video. So, without much further ado, let's go ahead and dive right on into it. Bitcoin is currently trading at approximately $70,000 and we find ourselves beneath this flat level, which is a very important level indeed. This was the middle point of the last bull market. We spent about half of the bull market before this level and once we broke it, we went on a massive rally and then we ended up rallying all the way up to $126,000. Now, the interesting thing about this level is that to get to the all-time high, we actually had an underside overside test. As you can see right here, there's our underside test and there's our overside test. And then from there in the bare market, we have the exact same thing but in reverse. We have our overside underside test. It's very interesting to notice how Bitcoin is responding when it is hitting both of these levels from the top or from the bottom. When Bitcoin originally fell down and tested $74,000, it bounced off of it with extreme power and we actually rallied a couple tens of thousands of dollars higher than the place that we began the drop down towards $74,000. However, in this instance, when we are hitting our head on $74,000, we're actually not falling extremely far away. We actually only corrected for about 4 days when we came up here and rejected off of it on March the 4th. And this is all in the middle of a major war in the Middle East. This tells us that the bare markets are becoming significantly weaker than they have in the past. In the bull market, when we broke through this level for the first time, you can see the meteoric rally that ensued. In this case, when we dropped beneath it, we actually were already close to the end of this movement. So overall, our thesis has been for the last several months and continues to be the fact that Bitcoin is in a bare market. And that bare market is probably not over yet. Because when we look at bare markets historically, we see that they generally last about 12 months, about 360 days to 400 days or so. But we do believe that this bare market is probably going to break character a little bit. and it will probably be significantly smaller in percentage and also possibly in time than it has in the past. We forecast that the bottom for this bare market is going to be somewhere right around here, perhaps a little bit below the 200 weekly moving average, but not far beneath it. Truthfully, anything below $70,000 will present itself as a phenomenal long-term investment in Bitcoin considering how powerful of an asset it truly is. However, it is very important that we address the headwinds that Bitcoin is currently facing and there are many. One of the biggest ones that we are facing right now, we can see over here on IEA. org. This is the International Energy Council and whatnot. And this is the IEA and they just published a report speaking about the war in the Middle East. This is on IEA. org. As you can see right here, this is the oil market report. They say and quote, "The war in the Middle East is creating the largest supply disruption in the history of the global oil market with crude and oil product flows through the straight of Hormuz plunging from around 20 million barrels a day before the war to a trickle currently limiting capacity available to bypass the crucial waterway and stoages are filling up. Gulf countries have cut total oil production by at least 10 million barrels a day in the absence of a rapid resumption of shipping flows. supply losses are set to increase. Essentially, what this means is that as oil is being created or uh drilled in Gulf countries, it's filling up the storage tanks, but the storage tanks can only fill up so far before them not having markets to export to, they have to actually shut down the oil wells. And it's not as simple as a light switch. When you turn an oil well off or a liqufied natural gas um well off, it can take several weeks to turn back on. It's not a simple process. So the disruption [clears throat] is one that is not going to be brief. If anything, this is going to be a prolonged and protracted disruption. And we can see that the price of crude oil is continuing to spike as a result of this. We have not quite managed to get all the way up to where we were in 2022 in the postcoid era when the Russo Ukrainian war began, but we are certainly creeping in that direction and it's probably not going to stop anytime soon. Yesterday there was an attack on an oil tanker coming out of Iraq. This was a US vessel. One crew member was cons was confirmed um one fatality of the crew was confirmed and then 25 crew members were um evacuated. I'm not going to play the video, but essentially if you come here, you can see the video and it is uh it's in it is an incredible and not in the good way sight to behold. Um, we are looking at oil spills going on in the Persian Gulf. Obviously, if you have a tanker that has

been sunk, you're going to see huge oil spills taking place in the region. And the reason that all this is significant is because Bitcoin historically has followed the US equities market. It's followed the US stock market. You can see our most recent bare market here before the one we currently find ourselves in was also built on the back of a major stock market correction. And we're likely going to see the exact same thing take place very soon. If you look at the S&P 500 right now, it looks like it is ready to fall over. You can see that we have our rounding top continuing to form as we've been discussing. We're probably going to start moving down here towards the 200 weekly simple moving average. Generally speaking, whenever the S&P 500 gets very far away from its longerterm moving averages, that's when you end up needing to see a correction back down to the longerterm moving averages in the exact same way that we typically see on Bitcoin. That's a big part of the reason why the bare markets occur is that we get a large way away, very long way away from our long-term moving averages and we have to have that reversion. So, a reversion on the stock market down towards long-term moving averages is very likely. And as we can see here, even the gap open was atrocious largely because of this attack overnight. Most likely, this gap on the S&P 500 overnight was 76% deep. And from uh from Wednesday close to about an hour after open, we dropped 1. 2%. The S&P 500 currently finds itself sitting here beneath this flat level of support or resistance at 675. And if the S&P 500 is not a able to hold that, then in all likelihood, the bearishness will accelerate and you will continue to see a sell-off in US equities. And again, if that happens, that generally is bearish for Bitcoin. [clears throat] Bitcoin because what you end up seeing happen is that Bitcoin acts like a tech stock in geopolitical uncertainty and ends up following the US equities. And so this gives us a great deal of concern for the short term where Bitcoin is probably going to drop back down to the 200 moving average and there is a very high likelihood that it may even drop a little bit lower for example down towards the 300 weekly moving average which we can see right down here. Now, the good news is this means that we're likely to see a much shallower bare market than we have in past. And that's very important. In past, we saw a 78% bare market. If Bitcoin dropped down not to the 200, but to the 300 moving average, that would only be a 58% deep bare market. And that would put our bottom at around $52,000. This is not something that we are particularly concerned about. This would be an incredible buying opportunity. And I personally know that there would be a very large number of people who would be acquiring Bitcoin at $50,000. I do anticipate that the buying pressure anytime that we go below $60,000 will be so powerful that we would likely not spend a very long time down there at all. It is important to remember that much of this southern part of the bare market in the last bare market was as a result of major institutions exploding such as 3 hours capital and Luna. We're not seeing that kind of activity take place in this bare market. So it does lend itself to the idea that the bare market is going to be significantly smaller and significantly shorter. Theoretically, if we were to follow through on the way that previous bare markets would operate, we would expect Bitcoin's bare market bottom, not even the beginning of the uptrend, but the bottom to take place in October. At this point in time, I do not think that you're going to see Bitcoin have to go through a bare market that long. If anything, I would anticipate Bitcoin to have a bare market, possibly even a couple of months early, where we may see a bare market end somewhere in October. Uh, sorry, somewhere in August instead of in October. Truthfully, in the last bare market, if you think about it, we saw our bottom right here in 217 days. And the only reason that we measure to this bottom right here is because FTX collapsed. Had FTX not collapsed, then this bare market bottom right here after 217 days probably would have held. And if you'll notice, that bare market bottom right here took place directly in between the 300 and 200 moving average. The only reason that this bare market bottom took place was because on this candlestick, FTX exploded. Had FTX not exploded and $9 billion of customer funds not vanished, this probably would have been the bare market bottom right here in June, not November. And so, if we were to measure the last bare market based on FTX not exploding, because again, I don't think that that's going to take place again, you're looking at a 217-day bare market that was 75% deep. If we were to see Bitcoin do the exact same thing, 217 days, and we bought them in the middle of the moving averages, we would expect the bare market bottom to be taking place in May. That is only about 2 months away. So, truthfully, it is important to understand that the bare market is probably not over. There is probably more bearishness to come and $60,000 will very well likely come under fire. However, it is also important to recognize that we have a fundamentally different bare market right now than we did in the last cycle. It makes no sense

whatsoever that this bare market would be anywhere near as deep as the prior one. It makes no sense that it would be a year-long. 77% deep. We do not have rising interest rates. quantitative tightening. We do not have Luna exploding and $60 billion vanishing or FTX exploding and $9 billion vanishing. We do not have Gary Gensler and a hostile presidency and SEC coming for the cryptocurrency market. We don't have any of that. If anything, what we have is a market here in Bitcoin that is becoming institutionalized, that is becoming adopted by Wall Street. We see different products that are being developed on Bitcoin such as Stretch, by Strategy, which is bringing on bringing in billions of dollars worth of inflows into the Bitcoin and cryptocurrency space. Truthfully, it doesn't make any sense that this bare market would be anywhere near as deep or as long as the prior one, which leads me to the prediction that Bitcoin's bare market bottom is most likely going to be somewhere more or less in this box. I don't necessarily believe that we hit it yet, but I do think that we're getting close. I think that even if we only rally for a couple of weeks here, that's enough for Bitcoin to have its uh wave four. You see one last drop down here into in between the 200 and 300 moving average. I don't think you break the think it would be an extreme event for Bitcoin to go into the 40s and I think that the bottom shows up somewhere in the uh low to mid50s and then at that point in time that's where the bare market bottom takes place. Load up your bags because the bull market's going to be enormous. And please do understand that the fact that this bare market is probably going to be significantly smaller than prior ones does lend itself to that parabolic uptrend that we've been anticipating on Bitcoin. It does lend us to this idea that Bitcoin is following through on a parabolic growth curve. And it does mean if you invest on Bitcoin not based on where its highs are, but lows are. If you just simply extrapolate that parabolic uptrend, you look out towards 2030, the minimum price for Bitcoin is up there north of $200,000. And we'll look at other things like the quantile model in future to understand how Bitcoin's bottoms are continuing to appreciate. But the most important thing that we need to understand is that even though the bottom is not in necessarily, it might be. 60K could have been the bottom. It genuinely could have been. Regardless, $70,000 is a great entry for Bitcoin. It's an entry that you're not going to have forever. And it's an entry that you very well ought to take advantage of. I'll close with this. There is a way that gamblers calculate their reward. And essentially what they do is they take the if we were to adjust this to the way the Bitcoin works, they take their price prediction and they say this has a 10% chance of taking place. It's Let's say that Bitcoin going to a million dollars has a 10% chance of taking place. You would multiply 1 million by 10% and then you would more or less come up with a fair value of the asset. And that would put the fair value of the asset at 100,000. Now, let's take 1 million and let's figure out what the likelihood is that we're going to hit $1 million in the next, let's say, 10 to 15 years. What do you think the percentage is? You tell me. Whatever it may be. Let's say it's 50%. Multiply 1 million by 50%. That's a $500,000 fair price. Let's multiply. It's a 70% chance it's going to take place. Okay, Bitcoin's fair price is $700,000. What do you think the percentage is that Bitcoin goes to a million? I personally think it's 100%. I think that unless Jesus comes back and the world ends, I think it's a 100% likelihood that Bitcoin goes to $1 million a coin. I was here when we were 3,000 and everybody was talking about, "Oh, no, no, no, no, no. It's impossible for Bitcoin to go to $10,000. It's impossible. Bitcoin couldn't possibly go to $10,000. That's simply too high. There's no way that Bitcoin could ever go to $10,000. " And then just one random Tuesday here in November, Bitcoin hits and blasts straight through $10,000. And then for the next several years, I heard people say, "No, no, no, no, no. It's impossible. Bitcoin couldn't ever go $100,000. " And then one day, Bitcoin hits $100,000 and blast 15% past it or 10% past it. And now everybody says the exact same thing. Bitcoin could not possibly go to a million dollars. And one day in the next 5 to 8 years, we're going to wake up and you're going to see the chart and it's going to look a little something like this. And you're going to see all of this price action that we're discussing right now being a distant memory because Bitcoin is way up here. That's where we're going. Bitcoin is going to be one of those assets that goes up and to the right forever. And it's going to go through bare markets. Some are going to be better, worse. Eventually, you're going to get a bare market that's not very deep. And then worse than that. And people are going to say that Bitcoin's dead and then you're going to buy the bottom and you're going to get very wealthy because you did that. At the end of the day, you have to find great assets and you need to buy them at good prices. Bitcoin is a great asset. It's at a good price right now. So, even though I believe that the bare market bottom could be a little bit lower than it is, it is incredibly important to understand what I'm saying. And what I am saying is that although 73 $70,300 may not be the perfect price for Bitcoin, it is a good price and you should absolutely take that seriously and you should very heavily consider taking advantage of these prices. Hey guys, if you enjoy today's video, make

sure to hit that like button and subscribe to the channel and also make sure to check out the sponsor of today's piece of content, which would be none other than NordVPN. And if you guys have not already signed up for NordVPN, I highly encourage you to do so. Do so with the link in the description box down below. If you come and get the deal, you're going to get all of these protections for $3. 33 a month. The secure vast the secure fast VPN, the anti-malware and browsing protection, the add-in tracker blocker, and the password manager, all for less than the cost of a cup of coffee every 3 months at your favorite coffee house to keep you safe so that when you're building a Bitcoin portfolio, you don't get wrecked. Make sure to sign up with the link down below and tell me, do you think the bare market bottom is close? I think it's close. That's how I really want to frame this. Could we go lower? Yes. But I think the bottom for the bare market is close. And I think it is prudent that we take advantage of the opportunities that are set before us. If you enjoy today's video, make sure to follow for more. us on X at CryptoJet. And before I go, I do just first want to thank each and every single last one of you for watching as always. And I will see you guys in the next video. Peace.