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Bitcoin News Alerts | Daily BTC News

932: NASTY RECESSION IMMINENT WARNS MACRO GURU AS BITCOIN FORMS MASSIVE BULLISH TECHNICAL PATTERN!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 18 May 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

Popular macroeconomic expert Raul Pal, thinks the world is going through a nasty recession period but remains confident that Bitcoin and crypto will be a viable investment class in the long term. “My macro view is that we’re in recession, it’s going to be pretty nasty. The Fed shouldn’t have done what they did but the bond market tightened for them anyway – the Fed didn’t actually do it, the bond market did it all. The Fed are going to have to unwind this mess, but it could get messy at first. Using all the technical indicators that I look at, my view is if we are going to reach a proper bounce or a low, it happens in June. So we’ve got between now and June for everyone to freak out.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

In today's show, Bitcoin shakes fed volatility, as analysts remain split on return under $24,000.

0:06.6

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

0:09.4

And as Dan Crypto shares here, Bitcoin did manage a nice close above the $28,800 range low,

0:15.0

as well as the $30,000 low, which marked the initial wake down in May 2021.

0:19.2

The next high time frame resistance is the $33,000 area.

0:22.6

A test of that area makes sense, in my opinion. And as Don Alt shares here, this is what I'm looking at.

0:28.1

We reclaim $34,500. I think there is a good reason to be bullish towards at least $44,000.

0:34.5

And Nebraska and Gooner shares the opposite sentiment. Looks like a clean breakdown to me.

0:38.5

Price action has been choppy, but we should at least sweep the lows.

0:41.7

Low break and we probably see $22,000.

0:44.2

Lo's hold and we can break back above $30,000.

0:47.6

And Cryptotony makes a great point.

0:49.3

Bottoms take time to form so do not expect it within the next day or two, likely we will find support, bounce

0:54.7

for some relief, and trap late shorts, and continue the trend, including Nike Bokele,

0:59.3

central bankers and financial regulators from 44 countries, enjoying their second day of talks

1:04.1

about financial inclusion, banking the unbanked, and Bitcoin adoption in Bitcoin Beach,

1:08.9

and in El Salvador, and as he shares here, Bitcoin is good for

1:11.8

developing countries and for humanity. Facts. And this just in, the president of Colombia

1:17.2

recently met with the CEO of Bitcoin Exchange Bitso. And guess what? They discussed Bitcoin.

1:22.2

That's right. And also it was exactly 12 years ago. Laslo offered to buy two pizzas for 10,000 BTC, a $300 million

1:30.0

milestone for financial freedom. Also in today's show, Vitalik Boutarin says he wants Ethereum

1:35.1

to become like a Bitcoin-like system and shares what is stopping him. He recently tweeted,

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