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Bitcoin News Alerts | Daily BTC News

1030: BITCOIN WILL RALLY TO $200K BUT FIRST CRASH TO $10K PREDICTS TOP CRYPTO ANALYST!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 28 August 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

A widely followed crypto analyst says that Bitcoin could follow in the historical footsteps of gold and spark a massive 6-figure rally but notes that the king cryptocurrency (BTC) has further to fall first. “We could start to see an asset trade very similar to gold. I’m going to make the case today about how Bitcoin could very well be that asset, especially after going through a steady decline of 75% or so far, and will likely go through a decline of around 80 to 85% at bare minimum… After that, we can have really green pastures for Bitcoin, starting [to] charter into that six-digit territory that many people have talked about since the previous bull market, towards $100,000, $200,000, you name it, as people start to lose faith in the base currency, the dollar being the world reserve currency.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

In today's show, Bitcoin risked the worst August since 2015 has Holleller's brace for September,

0:05.9

quoting Trader Jay, historically September down month, September, and quoting Josh Rager,

0:11.3

equity markets in general isn't looking good right now. So this dip on Bitcoin is a reflection

0:16.0

on that. September in general isn't historically a great month. Possible dip here that ends up being buyer's opportunity for following months.

0:23.6

I'll be a spot buyer for long term on sub $20,000, including Galaxy trading.

0:28.8

Bitcoin on the monthly time frame.

0:30.4

Things look really ugly.

0:31.6

If in three days, the monthly candle closes below 20,000, this could trigger a big selloff

0:36.2

to at least 14,000, where the next big

0:38.4

support is located, including CZ, the Binance CEO, Bitcoin first got to $20,000. Five years ago,

0:45.2

Bitcoin is around $20,000 today. Today's price does not erase all the development and adoption

0:50.1

in the past five years. Price is just a reflection of mass psychology, not progress. Bitcoin

0:55.8

will be here five years later at a different price. Including Lark Davis, Bitcoin is going to a million

1:01.1

dollars per coin. Does it even really matter that much? If you bought it for 2030 or 40,000, the patient

1:07.0

will be rewarded. Also in today's show, Bitcoin mining difficulty set for eight-month

1:11.8

record gains despite the Bitcoin priced it. That's right. Bitcoin may have hit six-week lows under

1:16.6

$20,000, but its network fundamentals are anything but bearish. Also in today's show,

1:22.3

Crypto-Titan Coinbase says it's open to any Ethereum proof of work fork following the highly

1:27.1

anticipated merge scheduled to be released in a couple of weeks.

1:30.3

Quoting Coinbase here, Coinbase is committed to fully supporting the upgraded Ethereum, proof of stake chain following the merge.

1:36.4

Also in today's show, CEO of the company behind Avalanche says Capital is sitting on the sidelines waiting to jump into crypto and explains why. Quoting him here,

1:45.2

I personally think the winter will be here for a little bit longer, but what I'm really looking

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