Bitcoin CAPITULATES! Crypto Won’t Stop CRASHING (Why Is Midnight Going UP?)
Thanks Coinbase for sponsoring this crypto video. 1️⃣ Sign up through my affiliate link for 80% off spot trading fees. Offer eligibility and terms apply:https://coinbase.com/affiliate/ccv?s=youtube&utm_campaign=kol_pro_referee I warned about this Bitcoin crash back in September, when BTC was at $83,000 and I said the extreme swing low would be the $69,000 to $63,000 Fibonacci zone. Almost two months later, Bitcoin (BTC) is at $65,000, right inside that higher low support. In this live stream I break down whether this failsafe support can hold into the weekly close, what the 200 week moving average has meant at past bottoms in 2018, 2020 and 2022, and why this moment feels just like the COVID dip to me. We also go through the total crypto market cap back at April 2021 levels, Bitcoin dominance sideways for over a year, the NYSE picking Avalanche (AVAX) for tokenized stocks, and $14 billion in short liquidations sitting above price versus $700 million in longs. On altcoins, I cover Midnight (NIGHT) moving up while the market capitulates, AVAX and XRP momentum divergences, Kaspa (KAS), Uniswap (UNI), and altcoin dominance since QT ended. CCVI risk models have Bitcoin at 15 and Ethereum at 17. Going back to 2010, when Bitcoin risk was this low, price was higher a year later 100% of the time. I also get into the business cycle moving into expansion and why I'm still bullish. CHAPTERS 0:00 Crypto's gonna make it 1:46 The Nvidia CEO petition 4:11 The September call at $83K 5:26 Coinbase offer 6:38 Total market cap back at 2021 levels 8:41 The QT dip and the COVID comparison 9:56 Bitcoin's failsafe Fibonacci support 12:38 The 200 week moving average 15:48 Bitcoin dominance and NYSE picks Avalanche 18:28 CCVI risk models 20:00 $14 billion in short liquidations 21:53 Midnight 25:00 AVAX bullish divergence 30:00 Record oversold RSI 38:31 Kaspa 41:31 XRP below $1 45:45 Uniswap 51:32 The business cycle 54:31 Altcoin dominance
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