In his latest video, Ivan discusses the significance of Bitcoin’s monthly close and shares his perspective on the crypto market.

• Ivan is optimistic about Bitcoin’s monthly close, despite it being the first red candle in seven months. He views this as a healthy reset, allowing investors to feel more comfortable buying the first green month after a period of sustained gains. He highlights that Bitcoin is ending the month at a previous resistance level, now serving as support, confirming the breakout.

• Ivan believes the market needed this reset to regain momentum, as indicators like fear and greed were showing signs of overbought conditions. The monthly close provides an opportunity for a fresh start, potentially reigniting bullish sentiment.

Overall, Ivan sees positive signs for Bitcoin, stating that the monthly chart aligns nicely with the broader bullish narrative. He discusses other positive developments, such as the launch of the Hong Kong Bitcoin ETF, which could attract Asian investors to the spot market.

Despite the recent regulatory crackdown and negativity surrounding the industry, Ivan remains confident in Bitcoin’s long-term prospects. He encourages viewers to maintain a big-picture perspective.