3.6 • 626 Ratings
🗓️ 12 May 2022
⏱️ 18 minutes
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0:00.0 | In today's show, Bitcoin kisses $24,000, realized price after its second highest seller losses in history. |
0:06.7 | In today's show, I'll be breaking down the latest technical analysis. |
0:09.4 | And quoting crypto analysts Mikhail Vendipop, the more I'm starting to see targets like |
0:12.9 | $8,000 or $12,000 for Bitcoin, the more convinced I am, we're getting into the end stages of this |
0:18.4 | downwards run. |
0:19.4 | It's actually capitulation already. |
0:21.2 | Altcoins are in a bear market for a year. |
0:23.2 | It is a tremendous opportunity. |
0:25.5 | And as shared here by Plan B, time for some hopium. |
0:27.9 | We had been in the $30,000 to $60,000 range for one and a half years now. |
0:31.2 | But the first time we were at $30,000 was overbought. |
0:34.3 | And the second time at $30,000, Bitcoin market was neutral. Now at 30,000, Bitcoin is |
0:39.0 | oversold like peak COVID fear in March of 2020. And as Calio shares here, capitulation will be out |
0:45.0 | in full force. Bitcoin will once again be declared dead. This is where you'll find the greatest |
0:49.2 | opportunity where you'll be forced to decide, which voice is louder, your conviction, or the crowd's laughing at you, |
0:55.1 | forever believing in the first place. And as on-chain analyst, Willie Wu shares here, |
0:59.4 | huddlers capitulated in the last 24 hours, which was led by future selling. Is the bottom in? |
1:04.9 | I don't know. Fundamentals taking a back seat, the fear-driven trading. What I do think is we're not |
1:09.4 | trading BTC. We're trading macro and equities. And as shared here, the USDdriven trading. What I do think is we're not trading BTC, we're trading macro and |
1:11.9 | equities. And as shared here, the USD-Peg is restoring already, which is a good sign. People shouldn't |
1:17.4 | compare USDT with UST, as those are completely different, although the reaction on the markets are |
1:22.5 | because of tremendous fear levels still looks like capitulation to me. Also in today's show, Ether plunges 13% while Bitcoin |
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