916: ANALYST WHO ACCURATELY CALLED MASSIVE BITCOIN CRASH HAS BAD NEWS FOR CRYPTO TRADERS - NEW TARGET!!

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Bitcoin News Alerts

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3.6 • 626 Ratings

🗓️ 2 May 2022

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Seasoned market analyst Peter Brandt is warning Bitcoin traders and investors alike, saying that the king crypto is poised for a sharp corrective move. Brandt tells his 636,800 Twitter followers that the largest cryptocurrency by market cap has broken down from crucial diagonal support that has kept BTC afloat for the first few months of 2022. “The completion of a bear channel typically results in a decline equal to the width of the channel, or in this case a hard test of $32,000 or so – my guess is $28,000. This does NOT make me a hater BTC.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Raban.
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0:25.5	Visit us in store and shop online to discover more.
0:29.7	In today's show, Fed will determine the fate of the market.
0:32.9	I'll be sharing with you the five things to watch out for in the Bitcoin market this week.
0:36.7	And as Charles Edwards shares
0:38.1	here, Wednesday will be pivotal. The Fed is expected to confirm a $95 billion per month sell program,
0:44.4	which has yet to be unleashed on the market. And as shared here by Alex Kruger, a 2022 recap,
0:49.9	first came the Fed, then the Netflix apocalypse, then the Russian invasion, then the sanctions,
0:55.2	then the Fed and the largest treasury dump ever.
0:57.3	This week, it was earnings.
0:58.7	Next week, the Fed again, the Fed's quantitative tightening announcement on Wednesday
1:02.9	will determine the fate of the market.
1:05.2	And as Matthew Highland shares here, in regards to talk of capitulation, I believe that it would
1:09.3	require Bitcoin to go below $30,000.
1:12.2	Low volume since May of last year, which brought Bitcoin to 30K.
1:15.8	Low volume equals low turnover of buyers and sellers.
1:18.8	Below 30,000 would unlock the buyers who bought pre-65,000 in early 2021.
	...

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