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Bitcoin News Alerts | Daily BTC News

979: BITCOIN FLASHING MULTIPLE BOTTOM SIGNALS AFTER MASSIVE CRYPTO SYSTEMIC SHOCK, SAYS ARK INVEST!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 7 July 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

Bitcoin is flashing multiple bottom symbols, according to Yassine Elmandjra, an analyst at ARK Investment Management. Elmandjra notes the king crypto (BTC) is trading below its 200-week moving average (MA) short and long-term cost bases. It’s only the fourth time that’s happened in Bitcoin’s price history, according to the analyst. “As stakeholders with the most skin in the game, miner capitulation is a key bottom marker. The Puell Multiple, a measurement that compares daily miner revenue to its yearly average, is at a 3-year low.” 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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0:29.7

In today's show, key Bitcoin chart will confirm if the bottom is in by July 15th, says

0:34.7

top crypto trader, quoting him here, negative three-day moving average 100,

0:38.8

will cross positive three-day moving average 200 by half of July that will confirm the bottom

0:44.4

is in, and quoting crypto analysts Mikal Vende Pop looking decent here as the grind upward

0:49.3

continues for Bitcoin. Area to hold for me is in the region around $20,200. If that sustains what could be

0:55.7

accelerating towards the 200-week moving average, around $22,500. And as Plan B shares here, Bitcoin is a

1:02.8

great hedge against central bank stupidity, also be sharing his latest updates. And this just

1:07.7

in breaking news in Arab country might adopt Bitcoin a lot sooner than you think,

1:12.2

says Prince Philip of Serbia. Also in today's show, Bitcoin versus the bank, Nijiboukele,

1:17.7

reminds Peter Schiff while the banks can't trump Bitcoin, quoting Peter Schiff here. Bitcoin has

1:22.7

failed to live up to the hype. And those institutions that put a toe in the water last year

1:26.7

are not likely to take the

1:28.1

plunge. This year, most will opt out to cut their losses and sell. I doubt Michael Saylor and

1:32.5

Nigee Buckele have enough dry powder to keep the market propped up. And Poukele responded,

1:38.1

how's your bank going? And quoting Congressman William Soriano. So Peter Schiff broke a bank

1:42.6

and made his clients lose millions of dollars in

1:44.6

savings, and he thinks he knows about Bitcoin. He can't even make it right using Fiat. Peter Schiff is the

1:50.6

right example of why millions of people are using Bitcoin on a smaller scale, but the same exact

1:55.5

behavior as bigger bankers. Voices like this have zero credibility. Also in today's show, Bloomberg analyst

2:02.1

tips bullish on Bitcoin recovery in the next six months. Quoting Mike McGlone here, Bitcoin

...

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