3.6 • 626 Ratings
🗓️ 11 December 2021
⏱️ 20 minutes
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0:00.0 | In today's show, analysts say Bitcoin's open interest wipeout will give way the further upside. |
0:05.2 | Quote in Delphi Digital here, the 30-day percentage decline in open interest for Bitcoin |
0:09.6 | has reached levels that previously signaled a bottom was forming or wasn't too far out. |
0:14.9 | And according to Ben Lilly, the co-founder of Jarvis Labs, luckily for anybody wanted to accumulate |
0:19.6 | on a weekly basis or at the bottom portion of the current trading range, this is a great setup and quitting rec capital here. |
0:26.4 | Overall, Bitcoin is consolidating inside the two key exponential moving averages right now, just like in May 2021. |
0:32.3 | And just like in May, continued price stability and consolidation in between these two, exponential moving averages, |
0:38.5 | will proceed new macro uptrend, continuation, and Max Kaiser shares. We never had an absolute |
0:44.2 | scarce monetary commodity like BTC. Unlike gold, alts, and fiat, it's absolutely decentralized. |
0:50.6 | So a naked short attack, even with infinite credit slash paper money can only hurt slash the base fiat money, Bitcoin is designed to attract attacks like this. Also in today's show, self-proclaimed Bitcoin creator, Craig Wright came out ahead despite having to pay $100 million. That's right, because if he really is Satoshi, as the court's claim, then he is sitting on $1.1 million pre-mined Bitcoin |
1:12.5 | currently valued at about $70 billion. Also in today's show, I'll be sharing these |
1:17.4 | altcoins which are prime to explode as investors move beyond Bitcoin, according to BitYCIO, |
1:22.7 | Matt Hogan. That's right, in a new interview with Bloomberg. He says he is bullish on |
1:26.3 | Ethereum, Salana, and Polygon, aka Maddick. Also in today's show, Bitcoin analyst Plan B, creator of the Bitcoin Stock the Flow model, says $69,000 is not the top for this cycle. I'll be sharing with you his latest Bitcoin price outlook and checking out his latest update here on crypto Twitter. I don't think $69,000 was the top for this halving cycle. If 69,000 were the top, then a typical bear market, negative 80% drawdown |
1:49.0 | would bring the bottom to 14,000 below 2017's all-time high at 20K, and below the 200-week |
1:55.0 | moving average at 18,000. Nah, that has never happened, and in my opinion, will never happen. |
2:01.2 | We'll also be taking a look at the overall crypto market. |
2:03.5 | As you can see, Bitcoin Ether and all the major alt are currently correcting and in the red. |
2:07.0 | But where's the Bitcoin price? |
2:08.5 | Likely to go next. |
2:09.6 | Find out all this. |
2:10.8 | Plus so much more in today's show. |
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