In short: In this Video Breakdown, Simon and the ParadiseTeam focus on Bitcoin’s $69,000 level. Previously resistance, the move up has slowed here, making it a key spot. Simon expects it to now act as support, a possible fourth-wave base, with the highest-probability continuation pointing to the upside.
What did Simon say about Bitcoin’s $69,000 level?
Simon zooms in on the $69,000 level on Bitcoin. It was previously resistance, and the move to the upside has slowed right there. That, he notes, makes this level very important. You can follow more calls like this on the Bitcoin analysis hub.
Why does the $69,000 level matter now?
Because price stalled at $69,000, Simon expects the old resistance to flip into support. A level that capped the move can hold it up once it is reclaimed. Reading where these key levels sit is central to how the ParadiseTeam frames each setup.
What is the fourth-wave setup Simon described?
Simon flags $69,000 as a possible base for the fourth wave. In his read, this is where price pauses before the next leg. He calls it a nice level for that wave to form.
Where does Simon see Bitcoin heading next?
From the fourth wave, Simon sees a continuation to the upside as the highest-probability path. He frames direction here rather than a fixed target. The focus stays on the $69,000 level and how price behaves around it.
Frequently asked questions
What Bitcoin level is Simon watching?
Simon is watching the $69,000 level on Bitcoin. He points out that the move to the upside slowed exactly there, after that price had acted as resistance. In his view this makes $69,000 a very important area to watch for the next move.
Is $69,000 support or resistance now?
Simon expects $69,000 to shift from resistance into support. It previously capped Bitcoin’s rise. But with the upside move slowing at that level, he reads it as a spot that can now hold price up rather than push it back down.
What does the fourth wave mean here?
The fourth wave refers to a pause in an ongoing move before the next push. Simon sees $69,000 as a nice level for this fourth wave to form. After it completes, he expects the trend to resume with the highest probability pointing upward.
Which direction does Simon expect Bitcoin to move?
Simon expects Bitcoin to continue to the upside with the highest probability, once the $69,000 level holds and the fourth wave forms. He frames this as direction rather than a fixed price target in the clip, keeping the focus on the level and the setup.
MyCryptoParadise has run a professional crypto signals and trading-education service since 2016, led by founder Simon Mach and the ParadiseTeam. Simon records these sessions three times a week, and every episode lands on the Bitcoin video analysis hub.
Educational content, not financial advice. Crypto trading carries substantial risk; you can lose your capital. Past performance does not guarantee future results.
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