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Bitcoin News Alerts | Daily BTC News

965: TOP CRYPTO STRATEGIST DETAILS BULLISH SCENARIO FOR BITCOIN AS BTC PRICE SURGES!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 22 June 2022

⏱️ 18 minutes

🧾️ Download transcript

Summary

A closely tracked crypto analyst is mapping out a potential scenario for Bitcoin (BTC) to trap bears and rally above $30,000 per BTC. In a new strategy session, pseudonymous analyst Cred says that while Bitcoin still looks bearish, he sees a setup where the king cryptocurrency (BTC_ ignites a “meaningful” rally. "What would the target for that be? I think to some extent it would require retracing much of the selling that took us here – a lot of this one-sided inefficient price action. On the weekly timeframe, my eye is drawn towards as far as it may seem at least the previous range low, broken support, turned resistance at $32,000.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:22.8

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0:30.0

In today's show, the Bitcoin price works below $20,000, as well, send $50,000 BTC to the

0:35.6

exchanges. In today's show, I shall be breaking down the latest technical analysis.

0:39.1

And quoting crypto analysts, rec capital,

0:41.0

if Bitcoin can't reclaim the 200-week moving average as support,

0:44.2

then one of the scenarios of what could happen

0:46.2

would involve downside to new lows before the formation of an accumulation range

0:50.3

for the first time below the 200-week moving average.

0:53.3

And quoting credible crypto, he says,

0:55.1

about to revisit our weekly demand level after we bounce off of it over the last few days,

0:59.4

not expecting new local lows here, looking for the green region to hold and for us to put in

1:03.6

another local high and to the red resistance region between $22,000 and $24,000.

1:08.5

Including crypto, Tony, who sees things more bearish, a reaction is expected, but not a bottom yet, in my opinion, a wick down to $17,000, including crypto Tony, who sees things more bearish. A reaction is expected, but not

1:12.4

a bottom yet, in my opinion, a week down to $17,000 to $15,000 on the cards. And this just

1:17.8

in breaking news, Anthony Scaramucci Skybridge Capital, the file for a spot Bitcoin

1:22.1

ETF this week, as well as the former Thailand prime minister spotted on TV with a Bitcoin block clock

1:28.4

in the background, including Michael Saylor from Fox News.

1:31.4

Once you understand what Bitcoin is, you just wait for the rest of the world to understand.

1:35.5

Also in today's show, Cryptolender BlockFi secures a $250 million line of credit from

1:39.9

FTX as their CEO, Zach Prince announces here.

1:42.8

Today, BlockFi signed a term sheet with FTC

...

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