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Bitcoin News Alerts | Daily BTC News

639: BITCOIN REBOUNDS BUT WARNINGS OF ANOTHER BTC PRICE PLUNGE ARE EVERYWHERE!! IS S2F MODEL STILL VALID?

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 21 July 2021

⏱️ 19 minutes

🧾️ Download transcript

Summary

Bitcoin continued its bounce from its 2021 opening price on Wed, hitting $31,600 in what some fear is just a temporary reprieve from the downside. BTC Bulls had successfully defended Bitcoin against further losses at just above $29,000 - the price at which the market began the year, however, concern is running high over current strength being a “relief rally”. For complete show notes and for the full premium experience with video, visit YT channel at http://CryptoNewsAlerts.net Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Today's show is brought to by Ubiko. In today's episode, Bitcoin rebounds to 31,600. But warnings of

0:06.5

another Bitcoin price plunge are everywhere. In today's show, I'll be breaking down the latest

0:10.5

technical analysis. And as analysts Mikal Vende Pop shares, the level at $31,000 broke. And therefore,

0:16.4

we can potentially see continuation towards 35,000, if 32,500 breaks too. And Peter Bramp believes

0:24.2

we're right here in this market cycle, meaning one more significant dump before rising all the way up

0:28.6

to $264,000. And this just in, ARC invest increases Bitcoin exposure again Tuesday, buying

0:34.9

140,000 gray scale shares worth $3.3 million. That's over $10 million in

0:40.2

shares. So far this week as the mass accumulation continues, also breaking news. BNY Mellon just

0:46.0

joined six banks and backing new Bitcoin exchange pure digital. The first trade is scheduled to

0:50.2

take place within a week, which leaves us here for the top six custody banks in the world,

0:54.9

now offer Bitcoin custody services. Also in today's show, one crypto sector is set to disrupt

0:59.8

the entire financial system and global business models says Macro Guru Rao Pau, and it's not

1:05.1

the centralized finance. In a new interview, the Real Vision CEO makes the case for non-fungible

1:09.8

tokens, better known as NFTs,

1:11.6

claiming that the breakthrough of tokenizing real world assets will completely reshape the way

1:15.7

we conduct business. I'll be breaking this down for you. Also in today's show,

1:19.3

$1.7 billion investment firm bolsters holdings and grayscale Bitcoin and Ethereum Trust.

1:24.8

We're talking about the Rothschild Investment Court, which revealed in a filing that it bought tens of thousands of shares of gray scale products in the last quarter. Also in today's show is the stock to flow Bitcoin price analysis model still valid. We'll be breaking this down as the stock the flow has traditionally been applied to commodities like gold and silver. It predicts the performance of an asset based on the

1:45.0

idea that the price increases as the asset becomes more scarce. Plan B has used this to predict Bitcoin

1:50.7

top and out at about $288,000 this bull run. But the million dollar question is, has the stock

1:56.8

the flow model been invalidated? Or are we still track for a $288,000 dollar Bitcoin price?

2:02.6

I'll be breaking this down for you. Also in today's show, we'll be taking a look at the overall

...

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