In today's show, the Bitcoin price drops 3% to 10-day lows as Ethereum inches closer to $1,000.

In today, shall I'll be breaking down the latest technical analysis, including crypto trader,

PEDMA, I expect more range trading within these prices as breakouts and breakdowns take longer to happen,

and prices are getting pretty extended from their averages. Bitcoin using this hourly 50 moving average

for short-term retraces of this downtrend. So I'd expect a reversion pretty soon to that mean,

including on-chain analysts will inclemente. This is the highest rate of withdrawals of Bitcoin from exchanges ever.

Not sure how much relevance this has for price, but do think this to an extent a reflection of participants

losing trust in centralized entities after recent events, people realizing not your keys,

not your coins. And this just in breaking news, Grayscale has filed a lawsuit against the SEC

for denying their spot Bitcoin ETF. That's right. As pointed out here, the SEC has denied Grayscale's

proposal to convert Grayscale Bitcoin Trust into an ETF, deeply disappointing. The point of the

SEC is to protect investors, and an ETF is unquestionably a better product for them. This

decision defies both common sense and federal law. I hope it goes quickly to court. And more breaking news, El Salvador to

build a $200 million solar-powered Bitcoin mining facility. Let's go. Also in today's show,

Can't Stop, won't Stop. Bitcoin huddlers buy the dip at $20,000, including Michael Saylor,

and his checkmate shares here, Wells with 1,000 plus Bitcoin are going ham. Also in today's show, 80,000 Bitcoin millionaires wiped out in the great crypto crash of 2022. That's right. The crypto crash has seen the number of Bitcoin millionaires declined by more than 75% since November of last year. Also in today's show, New Bank now allows 53 million Brazilians to buy Bitcoin. That's right,

over 53 million Brazilian customers can now buy Bitcoin through the country's largest digital bank,

which is Warren Buffett-backed NewBank. Also in today's show, crypto analyst reveals big

downside target for Ethereum and predicts a Bitcoin bottom scenario. Quoting him here,

I'm not saying this is necessarily the bottom.

Usually for absolute bottoms to form, you want to see some sort of nasty capitulation

WIC.

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