Bitcoin's Potential Bottom: Bear Market Rally and S&P 500 Death Crosses

Timestamped Summary

• 📉
  00:00

  Cryptocurrency market cap peaked at 3 trillion dollars, raising speculation of a potential dot-com crash-like outcome.
• 📉
  02:35

  Bitcoin's bear market rally of 40%, 50%, and 60% suggests a worst case scenario, with November now being discussed as a potential bottom.
• 📈
  07:33

  Bitcoin could reach 25k with a 60% move, but a 27% drop in market cap to 500 billion is possible due to similarities between Bitcoin and the NASDAQ.
• 📈
  13:44

  Bitcoin has broken out of a downtrend line and could potentially rally and fall back to test the trend line again.
• 📉
  19:43

  The bear market could potentially last until November, but price action is King so watch for a new high to confirm the bottom.
• 🤔
  25:02

  It's uncertain what to make of the S&P 500's weekly death crosses in relation to Bitcoin, but if it continues its current trajectory, it could soon experience a golden cross that could start the next bull market.
• 📈
  28:27

  Bitcoin dominance surged to the 50-week SMA before being rejected, and a potential double top in March coinciding with the FOMC meeting could signal a recession in the next 6-12 months.
• 📈
  33:34

  After the FED's early rate hikes, a lower low in October could indicate a cyclical bottom for Bitcoin, so make sure to subscribe and check out Into The Cryptoverse Premium.