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Bitcoin News Alerts | Daily BTC News

952: TRADER WHO ACCURATELY PREDICTED 2022 CRYPTO MELTDOWN SAYS BITCOIN CAPITULATION IMMINENT!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 8 June 2022

⏱️ 18 minutes

🧾️ Download transcript

Summary

A popular crypto strategist who accurately predicted Bitcoin would slice through $30,000 last month says BTC looks poised to capitulate even after its latest rally. Pseudonymous cryptocurrency analyst Capo tells his 335,700 Twitter followers he expects Bitcoin to print a fresh 2022 low once BTC bears take out support at $28,500. “Clean range. What is happening inside the range and what has happened at the range high shows that this is clear redistribution range. Clean break of the range low = last leg down confirmed = $21,000-$23,000.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

In today's show, the Bitcoin price recovers to $31,500, but traders say that the scam price action

0:05.5

will bring more downside, quoting crypto analysts Mikal Vendipop, simple playing field for Bitcoin,

0:10.9

breakthrough $31,500 equals $32,800 and or $35,000. Support zones for longs, probably $30,000, and $29,300,

0:19.9

and between equals no trade zone, and quoting rec capital,

0:23.5

this area is confluent with the orange Bitcoin 200 week moving average. In fact, Bitcoin would need

0:27.8

to downside WIC below the 200 week moving average to reach the $20,000 area. Interestingly,

0:32.4

downside wicking tends to occur below the 200 week moving average to mark out generational bottoms,

0:38.2

including Phoenix Ash on our way towards a whole month inside a mini range again to fully deploy to flip-flop

0:42.9

your biased non-stop angry Pleb and get the freak out. People phone with the top, low's taken again

0:47.8

after the nuke. Up we go again. And as pointed out here, 65% plus of the Bitcoin supply

0:53.2

last act of one plus year ago is at an all-time high, hoddle gang.

0:57.5

And quoting Michael Saylor, the Michael Strategy CEO, if Bitcoin is not going to zero, then is going to a million dollars.

1:03.7

Preach. Also in today's show, most crypto assets to be treated as commodities and long-awaited bill released by U.S. Senators, including Cynthia

1:11.2

Lummis, quoting her right here, the United States is the global financial leader, and to ensure

1:15.4

the next generation of Americans enjoy greater opportunity, it is critical to integrate digital

1:20.4

assets into existing law and to harness the efficiency and transparency of this asset class

1:25.5

while addressing risk. Also in today's show,

1:27.9

Ethereum's next stop, $2,200. Top crypto analysts explains how Ethereum kicks off the next rally.

1:33.9

Quoting in best answers here, Ethereum has to overcome this resistance to be able to get back

1:38.0

above $2,200. Maybe expect a little bit of what I call glass tapping required to bust

1:43.4

through that level to get through

1:44.7

2,000 straight to $2,200. Also in today's show, the trader who accurately predicted the 22 Bitcoin and

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