4.6 • 821 Ratings
🗓️ 4 April 2024
⏱️ 42 minutes
🧾️ Download transcript
This week of the Crypto Rundown we breakdown the recent Bitcoin dip with Technical Analysis from Brendan but we look at the recent news story of how the US Government has started to move some of the Bitcoin they confiscated from Silk Road years ago. Between the news and the price action is this a classic Bull Trap?...We are here to talk it out with you and some you some green chutes with the strongest part of the crypto markets that we see. Finally we showcase the end of the SBF era as he is sentenced to prison for 25 years and show your his famous quote after he was sentenced.
YouTube Technical Analysis
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0:00.0 | Ladies and gentlemen, welcome back to your weekly crypto market rundown, where we talk about everything that's happening in the great world of cryptocurrency, from the fundamentals in the news to the technicals on the chart. |
0:25.1 | We spend the time doing hours of research so that you all don't have to. |
0:26.9 | We got a solid week. |
0:28.9 | You know, we've had some solid price movements. |
0:32.1 | There's a lot going on, some funny stuff, some entertaining stuff. |
0:35.1 | But the market took a little bit of a dip. |
0:36.4 | Isn't that right to you, though? That's correct. It did seem like people |
0:41.4 | were getting a little excited after that first dip that you called and, you know, we thought |
0:45.4 | we might look to test those all-time highs, maybe go past it. It wasn't the case. As we always say, |
0:51.5 | you can never predict the future. You can just plan your best for it. So here we are trying to break it down and kind of see where we're going next. |
0:58.7 | Yeah. And this one kind of came as a surprise to not only myself, but I think most people, because what we saw here, and again, we're going to pull up the charts. |
1:08.0 | We're going to be pulling up a lot of charts and a lot of different images actually. |
1:11.0 | So if you're one of the listeners on like Spotify or Apple Podcasts or Audible, make sure you |
1:16.0 | tune over to the YouTube if you want to see all the different like images and videos that |
1:20.4 | we're referencing on the screens. |
1:22.7 | But we're going to be diving into those charts in just a second. |
1:25.3 | But before we do that, you know, like I said, this came as a |
1:29.5 | surprise to a lot of people. I myself was expecting Bitcoin to maybe pull back to the high 60s. |
1:36.0 | What I wasn't expecting is a breakdown to $64,000 and a lot of other people weren't as well. |
1:43.3 | Because what we saw was over $400 million in liquidations. |
1:48.9 | This means that over $400 in leveraged positions was liquidated. |
1:55.2 | And that's a lot of money. |
... |
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