Send 50 000 btc to the exchanges in todays, show ill be bringing on the latest technical analysis and quoting crypto analysts rat capital. If bitcoin cant reclaim the 200 week moving average as support than one of the scenarios of what could happen, would involve downside to new lows before the formation of an accumulation range for the first time below the 200 week moving average, including credible crypto. He says about to revisit our weekly demand level after we bounced off of it over the last few days, not expecting new local lows here, looking for the green region to hold and for us to put in another local high and to the red resistance region between 22 and 24 000, including crypto tony, who sees things more bearish. A reaction is expected, but not a bottom, yet in my opinion, a week down to 17 to 15 000 on the cards in this. Just in breaking news, anthony scaramucci sky bridge capital, the file for a spot, bitcoin etf this week, as well as the former thailand prime minister, spotted on tv with a bitcoin block clock in the background, including michael saylor, from fox news. Once you understand what bitcoin is you just wait for the rest of the world to understand? Also in todays show crypto lender block fi secures a 250 million line of credit from ftx as their ceo zach prince announces here today, block fi signed a term sheet with ftx to secure a 250 million dollar revolving credit facility, providing us with access to capital that Further bolsters our balance sheet and platform strength and sam bankman freed responded today were injecting 250 million into block by and partnering with them, so they can navigate the market from a position of strength.

Also in todays show here is the worst case scenario for bitcoin. According to crypto analyst nicholas martin, quoting him here, if we go from 75 to the typical 80 correction, we could be going from 17 500 bitcoin price, all the way down towards 13 700 testing towards that 14 000 range that we saw the price top out at Or at least at an interim top during the bull market back in june of 2019, also in todays, show top crypto strategist details a bullish scenario for bitcoin as bitcoin price surges above 21 thousand dollars quitting credible crypto on the weekly time frame. My eye is drawn towards, as far as it may seem at the least previous range low, broken support term resistance at 32 thousand dollars will also be taking a look at the overall crypto market. All this plus so much more in todays show here. Could the news alerts? I drop a brand new episode every single day. The goal is to get to a hundred thousand subs if you like, getting that crypto, be sure to smash that subscribe button, thats right and ring that bell to turn on all notifications to receive daily premium. Crypto news alerts every single day, just like this and be sure to check out the crypto news alert shorts. I release a new shorts video right here on the channel every day. All right welcome back to another episode of crypto news alerts. Im your host jv hows.

It going crypto fam, let me know in the live chat. The bitcoin saw a dramatic change in mood into june 22nd, as multi day highs gave way to a fresh dive under 20 000. As you can see here in the bitcoin one hour, candle chart now data from coin telegraph, markets pro and trading view showed bitcoin abruptly halting its latest gains to hit lows of 19947 on bitstamp now the largest crypto had passed 21 700 just the day before its Best performance since june 16th, but momentum wayne during the wall street trading for popular crypto analysts, rec capital. There was danger in bitcoin being unable to reclaim its 200 week moving average, which is a classic support line in the previous bear markets. Bitcoin had formally retained that 200 week moving average as support with wix below it. Characterizing macro price bottoms, quoting rat capital. Here, if bitcoin cant reclaim the 200 week moving average that support, then one of the scenarios of what could happen would involve downside to new lows before the formation of an accumulation range for the first time below the 200 week moving average and, as you can see Here the 200 week, moving average is currently sitting at twenty two thousand four hundred and twenty dollars so happy 420, and only four times in bitcoins inception for the past 13 years has bitcoin price action dropped below this critical 200 week. Moving average and rec capital updated us here this morning.

Last time, bitcoin weekly closed below the 200 week. Moving average was in march of 2020, which was the capitulation event after the covid crash and back then bitcoin dipped negative 29 below the moving average on extreme cell volume before rebounding 57 on strong, buy volume. This time bitcoin dipped negative 22 below the moving average, but only bounced 11 on very low volume. Thus far and fellow trader, credible crypto was more optimistic on the short term perspective telling his twitter followers. He did not foresee spot price going much lower as he shares here about to revisit our weekly demand level after we bounced off of it over the last few days, not expecting new local lows here. Looking for the green region to hold and for us to put in another local high into the red resistance region between 22 and 24 thousand dollars, which was reaction to his previous tweet, he shared here nice reaction off of the bottom of our 16 to 20. 000 demand zone 12 hours of bleeding erased and two no confirmation. This is a reversal yet, though, focus on key high time frame levels and dont get too caught up staring at the red five minute candles that can be erased in an instant zooming out. We have crypto tony, who highlighted the demand zone. The bitcoin was now acting in as he shares here. Bitcoin update on the macro. We can see a few things here. We broke down clearly from a distribution range.

We are now testing the first demand zone from this range. A reaction is expected, but not a bottom, yet in my opinion, a week down to 17 to 15 000 on the cards. Meanwhile, whales are looking to reduce their bitcoin exposure, thats right for the largest bitcoin huddlers signs of change, while already visible in the on chain data according to on chain analytics firm glass node on june 20th to the 21st bitcoin wells deposited over 50 000 btc to Exchanges, this followed 58 000 btc and inflows on a single day on june 13th, and the overall inflows from the wells wallets thus remain elevated on an intraday basis, while still not matching the level seen during some of the previous sell offs. For example, on may 9th. The same group of investors sent over 80 000 btc to exchange accounts, the most since march of 2020, which you can see here in this chart. As coin telegraph previously reported well buyers meanwhile created a potential major support level, just above 19, 000. Now yesterday was major news of a short bitcoin etf being launched, and one clemente on chain analyst responded to that. So there is now a short bitcoin etf, a futures, etf, a close end, funding trading at a 30 discount, a 401k option for bitcoin, but no spot etf. It is clear that gary gensler and the sec have an agenda against bitcoin. However, breaking news today anthony scaramuccis sky bridge the file for a spot, bitcoin etf this week, but the million dollar question becomes.

Will it get approved? We are long overdue for spot bitcoin etf for bitcoin in the united states and once it finally gets approved game over bitcoin game theory in full effect, and also breaking news. The former thailand prime minister, spotted on national television with a bitcoin block clock in the background, lets freaking, go and also michael saylor on fox news, quoting him here once you understand what bitcoin is you just wait for the rest of the world to understand and in The meantime stack some sas also in todays, show crypto lender block fi secures a quarter billion dollar line of credit from ftx and their ceo says the capital will bolster its balance sheet. But first lets take a quick look at the overall crypto market. As you can see, all the major cryptos are currently correcting and in the red, with bitcoin down almost four percent for the day, maintaining just above twenty thousand two hundred dollars. We have ethereum down almost six percent for the day trading, just under eleven hundred dollars, while cardano solana and polkadot all correcting in the blood red right now lets break down our next story of the day. The crypto lender block fight detailed on tuesday that the company secured a quarter billion dollar line of credit from ftx now block fish. Ceo stack prince announced on twitter that the company will use the capital to bolster bitcoins balance sheet and platform strength and, as we all know, its been a rough year for crypto lenders due to digital assets losing significant value over the last few months.

For example, celsius has been accused of being insolvent. The last week it paused withdrawals and in 2021, the sec from various states sent seasoned assist orders to celsius and crypto lender blockfi and in february of 2022, the ussc charged block five for failing to register as retail crypto lending products. But during the second week of june, block fight, co founders, zach, prince and florey marquez announced that the company would lay off roughly 20 percent of its staff due to market conditions that had a negative impact on the company. But on june 16th, prince discussed speculation about block 5s risk management practices and the block fi ceo stressed that the company always enforces prudent and proactive risk management and prince revealed on tuesday that block fi has secured a quarter billion dollar line of credit from ftx, quoting Their ceo zach prince here on crypto twitter, today block five signed a term sheet with ftx to secure a 250 million dollar revolving credit facility, providing us with access to capital that further bolsters our balance sheet and platform strength. The proceeds of the credit facility are intended to be contractually subordinate to all client balances across all account types and will be used as needed throughout the market. Volatility of the last several weeks, im incredibly proud of how our team platform and risk management protocols have performed todays landmark announcement reinforces blockfis commitment to serving its clients and ensuring their funds are safeguarded. This agreement also unlocks future collaboration and innovation between block fine ftx, as we work to accelerate prosperity worldwide through crypto financial services.

This is a significant step forward in our commitment to the strength and accessibility of the crypto markets. Now this tweet is directed towards block five clients. We are here for you, our team is battle, tested and has weathered many storms over the years, which only makes us stronger and more resilient as we navigate todays market environment and sam bankmann freed. The ceo of ftx responded today were injecting 250 million dollars into block fi and partnering with them, so they can navigate the market from a position of strength. So there you have it and before i break down exploit the day, here is the worst case scenario for bitcoin. According to crypto, analysts, nicholas merton, but first lets take a quick look at the overall crypto market cap sent just above 905 billion dollars with 67 billion. In volume, in the past 24 hours, the current bitcoin dominance is 43.4, with the ether dominance at 14.7 percent and checking out the top 100 cryptocurrency gainers. For the past 24 hours. We have shiva inu, leading the pack up about 17, but still trading at virtually nothing followed by waves up 15 trading at 6 and 61 cents, followed by uniswap up point two percent trading at four dollars and eighty nine cents and checking out the top 100 cryptocurrency Gainers for the past week, finally, asea green with snx lead in the pack up 88.4 percent. We have elrond up 34.3 percent and waves up 44.6 percent and checking out one of my favorite indicators, its the crypto greed and fear index shows we are currently rated in 11 in extreme fear.

Yesterday was a nine last week, a seven and last month at 10. In extreme fear, and if youre not familiar with the crypto greed and fear index, extreme fear can be a sign. Investors are too worried that could be a great buying opportunity like were witnessing right now, btfd by that freaking dip, and when investors are getting too greedy. That means the market is due for a correction, but all right now lets break down our next play of the day. A popular crypto analyst is looking at historical data to determine whether the king crypto has actually reached this bottom or not after enduring an extended downtrend. In a new strategy session, nicholas merton cautions his over half a million youtube subs against feeling too exuberant about bitcoin rallying off its weekly lows after the bitcoin price. Briefly dipped under eighteen thousand dollars on saturday reaching a new low of about seventeen thousand six hundred dollars. Quoting the analysts here, i dont want people to get too caught up in the excitement, while i do feel well see another day or so of gains. Maybe even come back up to this range here around 22 300. I want to emphasize the difference between where we are now the 75 correction and what an 80 correction might look like. One of the biggest difficulties that some people have is understanding how percentage declines can get exponentially worse, even though youre only moving down technically. In the sense of percentage terms, by a couple of single digit points, if we go from 75 to the typical 80 correction, what would that look like it? Wouldnt just be a couple hundred dollars or thousand dollars down.

I know we would be going from a 17 500 bitcoin price, all the way down towards around 13 700 testing towards that 14 000 range that we saw the price top out at or at least at an interim top during the bull market. Back in june of 2019 and the strategist goes on to share that, while he isnt certain, the bitcoin will actually drop a full 80 percent from its november 2021. All time high of above 69, 000 broader macroeconomic volatility might force the king crypto lower. Despite historical trends and fundamental strength as he shares here, while i would usually expect that corrections grow weaker over time and they have historically grown weaker is probably going to be that we get a typical 80 correction. Considering the macro environment, where in right now thats an important thing to keep open here, not to absolutely go all in in this case, so there you have it. Let me know if you agree or disagree with nicholas merten that will likely to see a low of around fourteen thousand dollars for this cycle and before i break down final story of the day, top crypto strategist details his bullish scenario for bitcoin as the bitcoin price Surges above 21, 000, but first i want to remind you to smash that show more button right below this video in the description for detailed analysis whats going on in the crypto market. This goes for all 1200 plus videos right here on my youtube channel.

Also, some very helpful resources for you to plug into including my crypto merch store, live at merch.cryptonewsalerts.net also be sure to smash that subscribe button and ring that bell to turn on all notifications and help support us with the youtube algorithm. And, of course, you can follow me on all the major podcasts and platforms from spotify home of the joe rogan experience to apples. Itunes were currently receiving over a half a million downloads per month. My goal is to scale this to a million downloads per month, and i know we can do it with your help and of course you can follow me on crypto, twitter, facebook telegram tick, tock, instagram and wherever youre at on social media be sure to follow me. There right now lets break down our final story of the day. A closely tracked. Crypto analyst is mapping out a potential scenario for the king crypto to trap, bears and rally above thirty thousand dollars in a new strategy session. Synonymous analyst credible crypto says that while bitcoin still looks bearish, he sees a setup where bitcoin ignites a meaningful rally, putting him here at its simplest. What this would look like is a weekly close back above the 200 week moving average, which is sitting at around 22 000 or thereabouts. Should that happen, all this activity below 22 000 and all of the selling fresh positioning existing positioning, whatever you want to call, it will be offside. I think that was set up for a visible, meaningful, reversion higher and by visible and meaningful i mean even just a few weeks of green candles.

There has been absolutely zero relief in this entire downtrend and according to cred bitcoin, has nose dive from 48 000 to 17 000 over the last few weeks with incredible bearish momentum. However, he says that the recovery of the 200 week moving average at 22 000 could abruptly swing the momentum in favor of the bitcoin bulls as he shares here. The weekly time frame is an area of support, and you can tell, by trading the 20 000 handle the weekly close hasnt, been terribly constructive, below support, which is the 200 week moving average, which at face value is bearish. It is going to be bullish. We need to weekly close above this level, 22 000, to mark this price action as a failed breakdown, and then we can aim for reversion higher now for his bullish price prediction. What would the target for that be? I think to some extent it would require retracing much of the selling that took us here. A lot of this one cited inefficient price action on the weekly time frame. My eye is drawn towards, as far as it may seem, at least of the previous range low, broken support term resistance at thirty two thousand dollars. Let me know if you agree or disagree with credible crypto, that we can see a bitcoin parabolic rally back above 32k and to watch this entire analysis entitled crypto closes below key level trap or continuation check. The show notes below the video in the description now for a quick recap.

What i cover with you here in todays, show bitcoin price wicks below twenty thousand dollars as well. Send 50 000 btc to the exchanges. Also share that crypto lender block fi secures a 250 million line of credit from ftx and also shared with you, the worst case scenario for bitcoin. According to crypto, analysts nicholas merton, and i also shared with you, the bullish price scenario for the king crypto as bitcoin price surges above 21 thousand dollars. But where do you feel the bitcoin price is likely to go next? Let me know in the comments right down below now for the top three comments from yesterdays episode. The coin father wrote why orange pill, my friends and family at every opportunity, is due to the fiat debasing. That will always continue. The worst mistake you can make is not owning some bitcoin from the lively greg foss by buying bitcoin. You are buying default insurance on the united states at fair value and youre. Getting all the other countries in the world for free 100 agreed with you, fam thanks for tuning in and sharing preach, and our next featured comment comes from ecoin aloha, jv, great curated content once again stoked to have crypto news alerts during these wild times. Much love fam. As always. I appreciate your continued support huddle and our third and final featured comment comes from spongebob squarepants. You should not mention bitcoin in the same breath as that crap ethereum. Bitcoin is a gift from et word and to be featured on.

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