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Bitcoin News Alerts | Daily BTC News

898: ANALYST WHO CALLED MAY 2021 CRYPTO COLLAPSE SAYS CASE FOR $135K BITCOIN IN PLAY!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 14 April 2022

⏱️ 17 minutes

🧾️ Download transcript

Summary

The analyst who called the May 2021 crypto market collapse says there’s now a case to be made for the king cryptocurrency (Bitcoin) to rally its way to the $135,000 level. The closely followed pseudonymous analyst known as Dave the Wave tells his 96,000 Twitter followers that based on one theory, BTC could top out roughly 229% above current price levels about a year from now. By drawing straight, long-term trend lines through each Bitcoin bull cycle, Dave the Wave identifies each cycle’s bottom, top, and bear market bottom. “One for the bulls. The ‘BBT’s project a 135K target mid next year~” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

In today's show, Bitcoin retains $41,000 as Bitcoin exchange withdrawals match record levels.

0:05.9

In today's show, I'll be breaking down the latest technical analysis.

0:08.7

And as crypto-edged shares here, Bitcoin is so far so good.

0:11.5

I expected to move to 41,000, but I doubt about going for an extra leg down to the green box.

0:16.7

Coming hours a bit more up, followed by a correction, retest to 40,500. And when that holds,

0:22.3

we'll go for 42 to 43,000, lose 40,500, and we'll go for the green box. And as shared here by

0:28.4

Matthew Highland, Bitcoin has been in an uptrend on the daily time frame for nearly three months.

0:33.5

That's right. And as tech dev points out, times change, assets change, macro aggregate human behavior usually doesn't. And as on chain analysts, William Clemente points out here, on only three other occasions, have we ever seen Bitcoin withdrawing from exchanges at this rate. That's right. Can you say incoming? Bitcoin supply shock. And as Plan B shares here, Bitcoin price, short-term hoddler realized price,

0:55.9

and two-year hoddler realized price, all about the same level, up or down. That is the question.

1:01.8

And quoting U.S. Senator Ted Cruz, I'd be fine with making Bitcoin legal tender. This is an

1:06.4

incredibly blossoming industry. And this just in breaking news, a bill regulating the Bitcoin and

1:11.6

crypto market in Brazil is expected to be approved this year. That's right. Brazil Senate

1:16.5

announces incoming approval of the Bitcoin law. I'll be breaking this down for you. Also in

1:20.8

today's show, Rich Dad, Poor Dad author Robert Kiyosaki says one Ethereum competitor is just

1:25.9

getting started and predicts inflation will wipe out the

1:29.3

U.S. economy, which he reveals in this new interview with Stansbury Research, quoting him here,

1:33.9

the best deals are always done early. When people say, do you invest in Bitcoin? My answer is yes,

1:39.0

when it was 6,000. Salana is still early, and it's got a possibility. It's a long shot.

1:44.3

And he also goes on to share.

1:45.6

Inflation goes up and the average American doesn't have a thousand bucks.

1:49.1

40% of Americans don't have a thousand bucks.

1:51.7

So when inflation goes up, we're going to wipe out 50% of the population.

...

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