821: BITCOIN CAN CRASH TO $29K MAX PAIN WARNS ANALYST, COULD BE CATALYST FOR BTC TO HIT 6-FIGURES!!

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Bitcoin News Alerts

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3.6 • 626 Ratings

🗓️ 21 January 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

As Bitcoin dumps to hit six-month lows near $37K per BTC popular crypto analyst Nicholas Merten says that Bitcoin is likely to experience a significant price drop [$29,000 to $30,000], but such a sell-off might be the catalyst that finally sends the leading crypto past $100,000. “We may be on the verge of a pretty harsh correction of over a 20% to 30% decline in Bitcoin’s price. I believe that we’re still in a bull market, not a bear market… It’s very likely that we could see this correction, but at the same time, it could be the catalyst to finally set ourselves up on the next uptrend and charter towards the $150k range, $200k range for Bitcoin.” Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:30.1	In today's show, Bitcoin dumps to hit a six-month loan nearing $38,000. And as Invest answers points out here,
0:36.5	Bitcoin up 4%, then down nine percent all in
0:39.0	twelve hours welcome to options expiry bears are in control they need bitcoin under forty
0:44.0	thousand the pocket 132 million dollars in gains seat belts please or prepare for the toilet
0:49.8	welcome to friday's expiry now as you can see this massive nine percent drawdown in the Bitcoin price action. And as Rec Capital shares here, this current Bitcoin price action shares a few similarities with the price behavior of late September 2021. Also in today's show, crypto liquidations past $700 million as altcoins take a hit from Bitcoin sinking below 40K. And as crypto analysts, me Calvin,
1:11.9	they pop shares here, 42,400 to 42,700 couldn't continue to hold for Bitcoin. So a nuke
1:17.9	towards the other side of the region and most likely continuation towards even further
1:22.9	downward momentum and lower lows happened. And he also updated us here in terms of price action for Bitcoin, I think this is quite comparable right now.
1:31.2	Back in June, people are waiting for $23,000 to $25,000 to buy.
1:35.3	Right now, people are waiting for $30,000 to buy.
1:38.3	Similar fake breakout on the upside to nuke afterwards and to support.
1:42.3	And this shows in Breaking News, $8.1 trillion, Charles Schwab, CEO says we would welcome the
1:47.4	chance to offer direct trading of Bitcoin.
	...

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