3.6 • 626 Ratings
🗓️ 15 April 2022
⏱️ 20 minutes
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0:00.0 | In today's show, Bitcoin institutional buying could be the big narrative again as 30,000 Bitcoin leaves Coinbase. |
0:06.6 | That's right. 30,000 Bitcoin flowed out from Coinbase today. Institutional buys might be the big narrative again because the executive order did not create any hurdle. |
0:15.3 | And as long chain analyst, Dylan LeClair shares here, correlation breaksation breaks eventually for multiple reasons, my guess. |
0:22.0 | Eventually, credit system breaks and volatility explodes. |
0:25.4 | Bitcoin follows, but more, because of derivative traders and not spot selling. |
0:29.9 | Bitcoin bears condition to fade every rally, get wrecked, as spot supply continues, to constrain. |
0:35.4 | And as Plan B shares, some people are afraid that Bitcoin |
0:38.3 | might drop to realize price level of 24,500. However, last three times such a capitulation happened. |
0:45.2 | The cause was the 2018, Bitcoin Satoshi Vision Fork, the 2014 BitStamp exchange hack, and the 2011, |
0:52.4 | Mount Cox, Exchange Hack, not seeing that now. And as shared here by |
0:56.9 | Reck Capital in September 2021, Bitcoin also rejected from the black $47,000 resistance and also later |
1:03.4 | dropped to that blue, 41,300 support, and also respected a green, higher, low. As long as Bitcoin |
1:09.5 | performs a monthly close above the blue, |
1:11.7 | history may repeat. And as Mikalvindipop shares here, if we're looking at Bitcoin, it's a pretty |
1:16.9 | standard playing field here looking at the $42,000 barrier to break first. That would be a trend break. |
1:22.7 | Otherwise, the $40,000 zone is the area where I'd want to check for longs. And this shows in breaking news, Ark Invest founder Kathy Wood reaffirms her $1 million, |
1:32.2 | Bitcoin price prediction, quoting her here. |
1:34.4 | I don't think people believe me, but I meant it. |
1:36.9 | Also in today's show, Terraform Labs gives another $880 million to the Luna Foundation Guard, |
1:42.5 | as they reveal here on crypto Twitter. |
1:44.6 | And as Crypto Rover points out, at least the Luna Foundation Guard is buying the Bitcoin dip. Also in today's |
1:50.0 | show, Tesla's Elon Musk offers to buy Twitter for $41 billion and says he wants to make it. |
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