Very Bullish Bitcoin Forecast with Michael Moor #6205

Financial Survival Network

Kerry sits down with Michael Moor of https://mooranlytics.com to analyze key market trends and investment strategies. Download the charts using by clicking here.

• Gold: The market has turned bearish after a peak at $2,560. Michael highlights critical price levels to watch for a potential shift in outlook.
• S&P 500: Holding firm at a macro exhaustion level of 3,502, the S&P 500 shows bullish potential with further gains possible if key formations are surpassed.
• Bitcoin: After hitting a recent high of $108,960, Michael advises caution due to potential bearish corrections if prices dip below crucial support. Long-term, however, the outlook remains bullish. He also explores the benefits of mini and micro futures as accessible options for Bitcoin trading, emphasizing the importance of technical analysis over fundamental analysis.
• Crude Oil: A bullish breakout above $68.85 signals potential strength, but Michael predicts a decline in energy prices due to increased domestic production. The discussion also touches on the impact of different administrations' policies on oil production growth.

The interview concludes with a look at energy independence and the limited role of the strategic oil reserve in ensuring long-term energy security. For detailed market insights, visit https://mooranlytics.com Find Kerry here: https://financialsurvivalnetwork.com and here: https://inflation.cafe