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Bitcoin News Alerts | Daily BTC News

850: HERE’S THE 'WORST CASE' SCENARIO FOR BITCOIN AND CRYPTO MARKETS, ACCORDING TO TOP ANALYST!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 19 February 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

Popular cryptocurrency analyst and DataDash host Nicholas Merten has an optimistic view on the future Bitcoin price action despite the leading crypto’s most recent market dip. Merten then says Bitcoin prices could fall back even lower, possibly another 25% from current levels, in a worst-case scenario. “We’ve really got a chance here, and I’ll say it more than I think most people will, that we might have gotten it wrong here, and prices might roll back down to this range [around $30,000]. I think that’s the worst-case scenario here for crypto, that we come back down to this consolidation range, kind of like we did back [in June 2021], even though we [recently] had a more heightened breakout in prices.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

The five-pound meal deal from McDonald's. Get a cheeseburger or mayo chicken, medium fries,

0:05.6

four McNuggets and a medium soft drink for guess what? That's right, five pounds.

0:11.3

It's not called the five-pound meal deal for nothing.

0:14.8

From 11 a.m. Not available on delivery. Carbonated soft drink upgrade fees apply. Participating

0:18.7

restaurants, subjects of availability. In today's show, Bitcoin price dips below $40,000. As Wall Street open spells paying for the Bitcoin Bulls, in today's show, I'll be breaking down the latest technical analysis. And as Bob Lucas shares here, Bitcoin remains highly correlated to risk assets. It too remains in a confirmed downtrend. Day 25, heading into the half cycle low. It has a new cycle

0:39.1

low scheduled around March 24th, same as stocks. It's on a clear path. Bulls are the ones who need

0:44.7

to change that. And as recal capital shares, Bitcoin wasn't able to reclaim the two bull market

0:49.5

EMAs, therefore failing to break into the upper half of the macro range, Bitcoin will continue to occupy

0:54.7

the lower half of the macro range until further notice. And this just in breaking news, bipartisan

1:00.2

Illinois bill to offer $160 million in tax breaks, the Bitcoin miners. And more breaking news

1:06.3

just in, $1 billion in Miami-based brokerage, Avenue Securities to offer Bitcoin trading next month.

1:12.7

Let's go. And as Max Kaiser shares here, Bitcoin is the official currency of global

1:17.2

insurrection against banker occupation, defund tyranny by Bitcoin. Also in today's show,

1:22.9

Canada chokes crypto supply, freezing $20 million in Bitcoin, donated to the truckers as the

1:28.1

tyranny continues. Remember a couple of years ago when they said, just until we flatten the curve,

1:33.1

we'll now check it. Two years later, you have the Canadian authorities on horseback literally

1:37.5

trampling over their citizens, the saddest thing I've ever seen. Also in today's show, Russia

1:42.3

looking at $13 billion in tax collections

1:44.8

if this crypto bill is approved. That's right. Russia is making a headway in finalizing its

1:49.1

crypto bill with the Ministry of Finance seeking the assistance of the public and improving

1:53.1

the regulation of digital assets by the middle of next month. And quoting the Minister of

1:58.1

Finance of the Russian Federation, Bitcoin is a real tool, a real asset

...

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