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Bitcoin News Alerts | Daily BTC News

1014: Bitcoin Prepping For Parabolic Move to $100K As Altcoin Season Peaks, Says Top Crypto Analyst!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 11 August 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

A popular crypto analyst is impressed by how well altcoins are performing against Bitcoin but still believes the king crypto (BTC) can reach new all-time highs surpassing $100,000 in the near future. The anonymous host of InvestAnswers tells his 443,000 YouTube subscribers that while 94% of altcoins are currently outperforming Bitcoin on the BTC Dominance chart, he believes they’re peaking and BTC is primed to rise again. “When 75% of the top 50 coins perform better than Bitcoin over the last 90 days, it becomes altcoin season and we are way above 75%, so that is pretty staggering. Pretty impressive, but whatever goes up comes down, so expect Bitcoin Dominance to be on the rise again soon. We’re already seeing that happen right now as we speak… so expect everything to be choppy as we go forward.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:55.4

Y2K. That's Y2K spelt W.H.Y2K. In today's show, Bitcoin battles two-month resistance amid the

1:03.3

most hated stocks rally. In today's show, I'll be breaking down the latest technical analysis,

1:07.8

quoting Trader J, Bitcoin pumped almost 40%. Huge possibility retrace coming by the dip.

1:14.1

And quoting Crypto Tony, Bitcoin update. We are now currently taking out the range high today.

1:18.5

And if we can close above and remain above, then we are in for a treat. 100. According BTC fuel,

1:24.1

the Bitcoin March 2020 bull trap and crash are quite similar to the current setup. Bitcoin

1:28.6

looks like breaking out right now. And as Raul Powell shares here, well, this appears to be one of

1:33.1

the most hated rallies I have seen in quite a few years in equities, probably has quite a bit

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