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Bitcoin News Alerts | Daily BTC News

1159: CRYPTO ANALYST WHO CALLED 2021 BITCOIN CRASH SAYS BTC ON TRACK FOR MAJOR BREAKOUT - HERE’S WHEN!!

Bitcoin News Alerts | Daily BTC News

Justin Verrengia

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 10 January 2023

⏱️ 24 minutes

🧾️ Download transcript

Summary

A crypto analyst known for calling the 2021 Bitcoin collapse thinks BTC is on track to break through its “longer-term diagonal of resistance.” In late December, Dave the Wave said his logarithmic growth curve (LGC) model indicated Bitcoin could ascend to $160,000 by January 2025. “On the basis of the LGC, which has stood the test of time for four years, BTC could easily do a 10x over the next couple of years…” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

In today's show, the Bitcoin price holds on to $17,000 into Fed Powell's speech as GBT jumps to multi-month highs.

0:07.9

I'll be breaking down the latest technical analysis.

0:10.1

And this just in breaking news, Cameron Winklevoss just tweeted,

0:13.6

Earn Update, an open letter to the board of DCG, the Digital Currency Group.

0:17.8

Now, the Gemini co-founder says the $2.8 billion Genesis defrauded Gemini

0:23.0

and over 340,000 of their users. And a reminder, not your keys, not your cheese. Also in today's show,

0:30.5

Coinbase the cut yet another 20% of its workforce in the second wave of layoffs. That's right.

0:36.1

The exchange announced a further restructure and plan that involves reducing its

0:39.7

workforce by 950 employees to cut operational costs amid this bare market.

0:45.5

Also in today's show, breaking news.

0:47.4

Former FTX chief engineer wants a deal with U.S. authorities.

0:51.4

I'll be breaking down this latest report as the FTX saga continues to unfold.

0:56.1

Also, more breaking news. We'll be discussing why Justin Sun's stable coin, USDD, is struggling to maintain its dollar peg.

1:03.6

And what this means, also in today's show, is there a bull trap ahead? Well, crypto analysts who called the last collapse says a crypto rally will turn into

1:11.6

a massive correction and warns us that the Bitcoin price can drop another 30% from the

1:17.1

current price taking us down to around that $12,000 mark. Also in today's show, analysts who called

1:22.6

the May 2021 Bitcoin crash says Bitcoin is on track for a major breakout and shares how high it can soar,

1:29.6

quoting him here on the basis of the LGC, which is the logarithmic growth curve, which has stood

1:35.9

the test of time for four years, Bitcoin can easily do a 10x over the next couple of years,

1:40.9

which is indicative that Bitcoin can ascend to $160,000 by January 2025.

1:47.1

We'll also be taken a look at the overall crypto market.

1:50.1

All this plus so much more in today's show.

...

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