Channel: Crypto Daily

Category: Science & Technology

Tags: crypto currencybitcoin taprice predictionbitcoin todaybtcbitcoin predictionethereumbitcoin 2021bitcoin price todaybitcoin price newsbitcoin news todaybitcoin recoverybitcoin newsbinancecrypto tradingbitcoin crashcrypto pricebticoinaltcoinbitcoin usdbitcoin dipcrypto dailycryptobitcoin exchangecryptocurrencyblockchainbuy bitcoinbitcoin rallybitcoin pricebitcoin technical analysisbitcoinmarket newsbitcoin analysis

Description: You Need To Know This About Bitcoin RIGHT NOW! Twitter: twitter.com/Crypto_Daily Instagram: instagram.com/crypto_daily 00:00 Intro 00:52 What we need to know 01:38 What It Took To Fall 02:31 What Led To This 05:21 How is this Good? 07:30 The Absolute Bottom In this video I will share with you what you need to know about this sell off, what led to it, where support levels are, absolute worst case bottom scenario, and why ultimately, despite it being a meme, I can make a very compelling case that this is good for Bitcoin. Bears in absolute disbelief at the audacity I am showing today. In fact it took the 21 day moving average, a historically consistent indicator of support or resistance to stop the carnage. How did this happen? When I tell you what it took to get Bitcoin to wick below 1.2, it actually paints quite the bullish picture. It took so much to make this happen. Today was the second highest day of liquidations in the entire history of Bitcoin. It took the global market crash of March 2020 to beat today. That’s insane. That translates to 306,000 traders having their positions forcefully sold, equalling $3 billion dollars worth of Bitcoin being directly sold to the open market in a non-stop cascading manner. If you wanted to be really mean to Bitcoin, this is how you would o it. It could not have been more brutal. Disclaimer: I am not a financial adviser and this is not financial advice. #crypto #cryptocurrency #bitcoin