PREPARE FOR BITCOIN’S INSANE NEXT MOVE…HAS CRYPTO MARKET BOTTOMED?

 

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Bitcoin is riding the 200 week moving average! THIS IS HISTORIC SUPPORT! Let's discuss the LATEST cryptocurrency news for bitcoin, ethereum, altcoins, & more! 👋 SLAP THE LIKE BUTTON!

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TimeStamps:
00:00 Intro
00:35 Significance of Bitcoin’s 200 Weekly MA
02:28 Bitcoin Lowest Weekly RSI since 2011
05:06 Bitcoin Hits Lower Bound of Its “Production Cost”
07:04 ​​OpenSea Announces New Security Features for Ethereum NFTs
07:55 Mina Protocol Ranks #1 in GitHub Commits
08:25 Elrond (EGLD) Ecosystem is GROWING!
09:39 Binance to Become a Super App w/ NEW Partnership

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PREPARE FOR BITCOIN'S INSANE NEXT MOVE…HAS CRYPTO MARKET BOTTOMED?

StormGain Review

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Created by Sara Bauer and Richard Abermann

64 comments

  1. Scammers/bots are getting much worse!! They are using my name and logo in comments to trick you. DO NOT EVER send money to someone from the comments or DMs. Be careful! 👍

  2. Bitcoin also hasn’t been through a recession, inflation, or serious stock/bond bear market. Conditions were relatively easy all those other times. Just sayin.

  3. I’m bullish long term but I don’t think the next rate hike will do it any favors.

  4. You’re missing the point, environment has changed and the 200 MA is meaningless.BTC will see sub 15K as the entire market, by that NASDAQ

  5. There gonna keep raising rates atleast 2 more time b4 the year ends. So figure the price

  6. Rate hikes, this coming one, July and September. On top of what’s already been done. Ughhhh

  7. There was 30% more drop after it broke through 200 ma in 2020. 30% drop from current level is about 16000, that’s where I will start entering.

  8. That is why I believe not a big allocation is needed. If it’s insurance, you don’t expend all your money on insurance

  9. Bitcoin is going much lower. It has never been in this type of an environment with global recessions and traditional markets also in a downturn.

  10. RSI “relative strength index” it’s very possible to keep going down in oversold and keep going up in overbought.

    There’s literally a global crash happening before your eyes. Do not think it can’t go lower.

    Odds are we go lower and stay lower until the halving.

  11. The supply chain issues caused a massive delay in pre bought Bitcoin ASICs delay. Those ASICs have recently flooded the network. Greatly increasing the cost to creat a Bitcoin. That chart and the 200 weekly ma are irrelevant until things balance out again. Gonna take some time

  12. Even if btc go bellow 200ma weekly it can go up back to 200ma weekly,it happened before

  13. @Swanni Don’t be naive, BTC as a risk asset and the markets are about to crash due the issue the FED never took care of the problem in 2008 thus were heading to stagflation (if were lucky) look up stagflation assuming you haven’t been around that long. BTC has ONLY been around since then 2008, time of QE and FREE MONEY, the narrative that BTC is inflation resistant and a store of value is incorrect has already been proven wrong. So ya 15K maybe but possibly MUCH lower.

  14. Investment and Feedback appreciated
    Wanting more insights?
    Endeavor to reach out!☝️❤️☝️

  15. Investment and Feedback appreciated
    Wanting more insights?
    Endeavor to reach out!✍️✍️

  16. Investment and Feedback appreciated
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  17. Investment and Feedback appreciated
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  18. Investment and Feedback appreciated
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  19. Expect another short-term move to the upside soon. But after that it’s going even lower again. On the upside I think we will be out of this bear market in 6-12 months from now.

  20. Investment and Feedback appreciated
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    Endeavor to reach out!!

  21. Investment and Feedback appreciated
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  22. Investment and Feedback appreciated
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  23. Investment and Feedback appreciated
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    Endeavor to reach out!!✍️

  24. Investment and Feedback appreciated
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  25. Investment and Feedback appreciated
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  26. My comment is this, and I’d love if you address it in video… On the monthly timeframe we’re not even close to oversold yet, and Bitcoin is not immune from entering oversold on the monthly.

  27. Investment and Feedback appreciated
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    Endeavor to reach out!!☝️

  28. Someone with some brains published the right comment. People have no idea what’s going on in the world. This is different. This is the mother of all bubbles. Geopolitical is just as important as charts. When it comes to the great rest this chart is worthless. People are going to be in shock when bail-ins come into play.

  29. At the time of writing this comment, on the weekly chart, BTC has sliced through the 200 week MA. Unless the weekly candle body, closes above it, more downside quite likely!

  30. Investment and Feedback appreciated
    Wanting more insights?
    Endeavor to reach out!!☝️

  31. I’m predicting Bitcoin will continue to fall thru the summer reaching it’s low around $15K!

  32. Investment and Feedback appreciated
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    Endeavor to reach out!!☝️

  33. Totally agree… we’re in new territory, and therefore old metrics need to be taken with a large grain of salt.

  34. @Mitya Investment and Feedback appreciated
    Wanting more insights?
    Endeavor to reach out!!☝️

  35. @Brian Wow. So certain of the future you are! I never said it is going lower, I said the likelihood under these conditions is quite possible. Your statement is it is not going lower, suggesting you know the future😂. Good luck with that🤣

  36. China is going through a financial crisis as well and I believe this is also contributing to the down movement of Bitcoin finally we’ll see organic growth with countries that cooperate with Bitcoin miners in mind

  37. @Nala Kirkwood If I buy now at $1100 per eth or $900 each it won’t matter in a few years – when each eth is $10,000. Thats my point you’re getting discount regardless

  38. @Richard Dangles no investor that you look up to ever sold out of their positions during fear. All of them were buyers. The more fearful it gets, the more they buy. The more scared you guys get, the more I want to buy.

  39. And recessions, depressions don’t last forever. Don’t you think buying bitcoin during a terrible period like a recession is how people become millionaires once the recession ends? Man you people think way to emotionally and short term.

  40. Good. As a buyer, the lower the better. After this recession I’ll be in huge profits.

  41. 200 MA will be resistance we are moving into a depression and no real recovery until Trump is re-elected in 2024

  42. Hello, you somehow answered in the comments that you would do a review on botplanet. Against the backdrop of the fall of bitcoin, many projects cease to exist, and the bot planet continues to develop and stay afloat, and the number of partners and services within the project is already quite significant. I would like to see a couple of reviews, including yours, in order to weigh everything to the end

  43. I agree this is a whole new ball game. We can’t trust historical data when there’s only 10 years of data to look at , it’s not patterns it’s just false hope, I see us bottoming out in between 10-17k who actually knows, that’s why I am starting to DCA rn bc it’s still at a good price point. No idea when I will start DCAing alt coins tho bc those look dreadful lol

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