BITCOIN IS CRASHING HARD! THIS IS WHY

BITCOIN IS CRASHING HARD! THIS IS WHY

Bitcoin and the rest of the crypto
Market is currently falling like a rock
and today guys we are going to see
increased volatility within the next 12
to 24 hours guys you will want to watch
this video if you’re holding any crypto
at all make sure to watch this video
from the beginning Until the End welcome
back everybody my name is Chris bringing
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the Bell right now so let’s get straight
into it and what you can see on The
Daily time frame guys is that finally we
did break down from this Orange Box and
look at the effect here the Bulls were
really trying to protect us from
breaking down from this Orange Box why
well the answer is very very clear right
here because as we broke down from this
Orange Box straight down to $59,000 we
went here so right now we’re actually
going down a little bit further it seems
like Bitcoin wants to go down a little
bit lower and uh just like I’ve been
saying if we were to break down from
this Orange Box really the next level of
major support was going to be at
$58,000 which is this Orange Box right
here so this is very important
developments right now for Bitcoin and
uh yeah the entire crypto Market some
altcoins are down 15 to 20% as well so
that is absolutely brutal for the alt
coins now why are we going down right
now because we do have very very very
important stuff happening throughout
this week but also particularly today
this is why in the last few videos I
have been talking about uh you know four
days ago I posted this one saying that
uh yeah we’re going to have big
volatility we’re going to have stuff
happening this week and especially today
on Wednesday so be mindful of your
leverage today be mindful of everything
because you are going to see some decent
volatility today guys make no mistake
now why are we seeing this so today you
are not only going to have the ISM
Manufacturing PMI you’re going to have
the JW’s job openings also of course the
FED interest rate decision and the FED
press conference and this is very very
important because the market is starting
there’s some chatter in the market right
now that Jerome Powell may actually in
the press conference be open for cutting
interest rates a little bit further now
for me personally I will go ahead and
tell you straight away I do not think
that they are going to uh increase the
interest rates anymore but the market is
starting to almost count a little bit of
a chance that they’re actually going to
start to increase the interest rates
again so that is why the market is
really really H yeah shaky right now and
this is the first time where they’re
going to have a press conference where
he is going to have to address the
increased inflation and uh yeah the slow
economic growth all of these things so
the market is going to react to whatever
he is going to say that is why this
meeting this press conference is very
very very important in terms of how the
market is going to react to what he is
going to say not only that today also
you have the US Treasury refinancing
requirements this is something I talked
about a couple of days ago and that is
also going to bring a lot of volatility
into the market so yeah Market looking
really really shaky right now but for me
guys I am uh you know this volatility
I’m prepared for it in fact if we look
at uh previous occasion and we look at
the volatility we’re seeing right now so
how much have we gone down from the
previous swing high so we’re down about
uh well right now we’re down about 19
call it 20% but I want to show you
something really really interesting
because the market is really really
bearish right now the sentiment has
completely died down people are starting
to talk about the bare Market again
people are really really scared so that
is due to this 20% drop but if we look
even recently as recently as January of
2024 let’s look at the pullback we had
here and there’s going to be a recurring
theme here this was
22% okay from the high down to the
bottom it was 22% so the same kind of
drop you have been seeing right here we
we saw it just a few months ago not even
that long ago and if we go back
throughout the beginning of this bull
run you can see we had a drop right here
this drop was again
21% so this one was 21% this one was
about 21% as well so you can see the
recurring theme let’s continue this
swing high and now we are at the mid of
2023 again from the bottom H sorry from
the top to the bottom we had once again
21% let’s continue let us look at this
one so this was uh
22% so this is really really interesting
how even in this bull market we have had
multiple multiple drops of 21% so now
just for fun let’s look at where we are
going to go if we go down from the
bottom sorry from the top again uh to
21% % that would leave us at exactly
$58,000 which is once again exactly at
this Orange
Box so for me it makes a lot of sense
that we are going to come down we’re
going to meet support heavy support here
at
$58,000 now looking at the previous
pullbacks which has been 21% and with
this Orange Box right here and you know
that The Orange Box boxes in general are
typical points and which we see big
bounces of of it is likely that we’re
going to see a decent Bounce from this
point now is it likely that we are also
going to see a complete Trend reversal
and start to go up and you know go up
towards $83,000 or whatever well looking
at previous history the last couple of
times I showed you we went down by 21%
even in this bull market we went down
several times by 21% so that is
signaling also that it looks likely that
it could be a point in which we reverse
and go up to higher prices not Financial
advice of course but uh yeah that is
what the uh Market is telling us right
now now what I think in general is that
we’re going to see a period of
consolidation okay we’re going to see a
couple of months where we go up we go
down we go sideways uh but really not
that much happening so that is what I
believe in general but then eventually
towards um maybe in 2 3 months something
like that we’re going to see a very
clear Trend shift and we’re going to go
up to higher prices very very clearly
that is what I believe not Financial
advice as I said but uh yeah we will see
if that is going to be it or not also
what I want to show you is that right
now we are testing the 100 day EMA now
the last time we went down and tested
this was actually right here in January
of 2024 and from this point we did see a
big bounce in fact this was an
acceleration of the bull run towards
$74,000 so just wanted to point that out
as well guys but let’s keep our eyes on
everything that’s happening right now
traditional markets took a big turn
towards the downside uh yesterday as
well right now resting on my orange line
as support so very very important here
also what I want to show you is that
Drome Powell really cannot increase the
interest rates anymore because if you
look at the US Treasury secretary Yellen
I am concerned about where we’re going
with the US deficit so the US have
massive Dept and the higher the interest
rates the more they have to pay out so
it is a crazy situation we are in right
now eventually throughout history it has
been showing us that eventually all
roads leads into more money printing so
we will see if that is going to be the
case right now as well but if history is
any indication of what’s to come then I
do think holding our Bitcoin bags we’re
going to be in a pretty good pretty good
place uh throughout the uh foreseeable
future okay that is really what I got
for you guys Bitcoin is going down oh my
trading strategies obviously big losses
here on the current uh trading
strategies again big video coming out on
this but for now now I’m just adding
more margin to make sure I’m not getting
liquidated but a big big video is going
to come out uh eventually on this one as
well so be on a lookout for that and as
I say that Bitcoin is right now again
coming down and retesting the $58,000
orange line right here so let’s see if
we can see a bounce from this point but
really we’re so close to 58 anyway which
is The Orange Box right here and then
what I talked about previously might
actually H happen here with a bounce at
least at 58 $8,000 guys that is what I
got for you make sure to not get wrecked
make sure to manage your risk and I will
see you guys in the next one

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Timestamps:
00:00 – Everything is crashing!
00:27 – Bitcoin analysis

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**Disclaimer**
Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.

This information is what was found publicly on the internet. This is all my own opinion. All information is meant for public awareness and is public domain. Please take this information and do your own research.

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