The REAL REASON Bitcoin Is Going Up… [CRYPTO WARNING]

Will crypto recover? Why is bitcoin going up? Let’s discuss the latest cryptocurrency news for bitcoin, ethereum, altcoins, & MORE! SLAP THE LIKE BUTTON! 👋

Use code ‘ALTCOINDAILY’ for 10% off Bitcoin 2023:
https://b.tc/conference/

🔵

🔴 Kevin Smith Makes Crypto History with First Ever NFT Film (Huge Moment)
https://youtu.be/06zsOekdb5s

🟠Mark Cuban EXPOSES The Crypto Market in 2022 | Full Interview
https://youtu.be/_gmgugoJ4QE

🟣 Why Spike Lee is BULLISH on Bitcoin and NFTs | Full Interview
https://youtu.be/wAOEmO8CZVg

Follow us on Twitter:
https://twitter.com/AltcoinDailyio

Follow me [Austin] on Instagram here:
https://www.instagram.com/theaustinarnold/

TimeStamps:
00:00 Crypto News Today
00:19 The Real Reason Bitcoin Is Going Up
01:41 Illiquid Markets = Crypto Manipulated in 2023
02:54 Is This Bitcoin Rally Sustainable? (Fundamental Analysis)
05:40 The #1 Chart Bitcoin Hodlers Need to Understand
06:26 Has Bitcoin Bottomed? (Disbelief Stage)
07:16 History is Repeating?! (2015 vs 2019 vs 2023)
08:13 Biggest Reason Bitcoin HAS Bottomed
08:31 Biggest Reason Bitcoin HASN’T Bottomed
08:58 Why Bitcoin 200-Day Moving Average Is Important
09:52 Bitcoin Under 200-Week MA (Very Sad)

***********************************************************************
🏺Support The Channel!!🏺(We Get A Kickback From These Affiliate Links)

— Buy Bitcoin on Coinbase and we both receive $10 in Bitcoin!
https://www.coinbase.com/join/arnold_w23

— Get a Nano Ledger S: Best Way to Keep your Cryptocurrency Safe!
https://www.ledger.com/?r=29fd4d75e9bc

***********************************************************************

#Bitcoin #Cryptocurrency #News #Ethereum #Invest #Metaverse #Crypto #Cardano #Binance #Chainlink #Polygon #Altcoin #Altcoins #DeFi

***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! USE ALTCOIN DAILY AS A STARTING OFF POINT!

Coins I hold or will hold more than $1k worth (in no particular order): BTC, ETH, ADA, MINA, SUPER, FEAR, VPP, XCAD, FORM, REALM, XDEFI, ERN, OPUL, LINK, INJ, TRUST, NIF, VPAD, SENATE, SIDUS, CELL, GSG, DON, Itheum, BICO, SIS, METIS, CLS, GRT, ENV, BNB, GMPD, BREED, MSCP.

This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.

bitcoin, cryptocurrency, crypto, altcoins, altcoin daily, blockchain, best investment, top altcoins, altcoin, ethereum, best altcoin buys, bitcoin crash, xrp, cardano, chainlink, 2023, ripple, buy bitcoin, buy ethereum, elon musk, bitboy, coin bureau, graham stephan, crypto market, bitcoin prediction, the fed, Web3, andrei jikh, cnbc crypto, sbf, ftx, bitcoin crash, crypto podcast, genesis crypto, ta, Why, Bitcoin price, going up, recover, 20k, pump, rally, bitcoin bottom, danger, on chain, fundamtentals, bitcoin live, bitcoin news today

---

Hey welcome back everybody my name's Austin today I want to share with you The real reason Bitcoin is going up Through a series of charts both Fundamental and Technical so that you Have all the information you need as a Crypto investor smash the like button to Support me tells me that you like this Content and let's jump in with one of The biggest reasons Bitcoin breaks above Twenty one thousand dollars for a very Brief time as short liquidations hit Over 725 million so most other channels Won't share this with you I will that Some of this pump yes was caused by Natural by pressure which we like to see But much of this pump was caused by Manipulation to the upside short traders Who are betting that the price will go Down instead the price starts to go up They get liquidated pushing the price Higher a series of cascading short Liquidations that was over 133 000 Traders being liquidated that's Hundreds of thousands of bears being As of 7 20 a.m eastern time today total Liquidations stowed in the 700 Millions With the largest single 24-hour Liquidation of 6.8 million happening on Crypto exchange huopi and it wasn't just The short sellers for Bitcoin being Liquidated across the different digital Assets ethereum actually had the most Liquidations pushing the price up in the

Past 24 hours of nearly 260 million While Bitcoins rally had about 239 Million shorts liquidated and maybe You're asking why now after months and Months and months of downside why now Would we get this sudden pop Well something that this channel had Been reporting to you since last year That over 66 percent of the total Bitcoin Supply hasn't moved in the last One year setting record meaning more and More of an ill liquid market and as Mentioned yesterday by Caitlyn long Don't forget illiquid markets are easier For manipulators to manipulate than Liquid markets no clue if this rally is Sustainable but be careful lots of Leverage still to be liquidated based on Publicly available info and many people Have incentives to pump price short term For further reading and how this stuff Works Caitlyn recommends to check out The book when money dies by Adam Ferguson to learn about short covering Rallies that faded in brokarts but an Illiquid Market doesn't mean necessarily That Bitcoin is going to shoot up or Break down but it does mean when Bitcoin Eventually does move in either direction It's going to be big and the Market's Just easier for manipulators to Manipulate Let's look at some fundamental and Technical charts and talk about is this

Rally sustainable and if you're Interested in learning more about Cryptocurrency we drop a video every Single day keeping you informed but what About the fundamentals Bitcoin is now Trading back above its cost basis Meaning realize price for the first time In months in other words in aggregate The market is no longer underwater at The moment what the hell does that mean Well looking at this chart we can see The black is obviously bitcoin's price Over the years the Orange is bitcoin's MB RV metric essentially telling us if The Bitcoin network is overvalued or Undervalued and let's talk about why Many analysts use this as sort of a more Accurate way to determine the value of Bitcoin and the RV z-score is a Bitcoin Chart that uses blockchain analysis to Identify periods where Bitcoin is Extremely over or undervalued relative Relative to its fair value and to Determine this we're going to use Bitcoin's market cap its realized cap And its standard deviation as you can See right here this black like I Mentioned not bitcoin's price but Actually bitcoin's market cap over the Years very familiar the Blue Line Represents bitcoin's realized value We'll talk about that and then of course We have the z-score which is the metric We're using so understanding these three

Metrics first of all market value I.E Market cap this says Blue Line it's Actually in the black right here see Realized caps in blue market cap is in Black market cap pretty self-explanatory It is the current price of Bitcoin Multiplied by the number of coins in Circulation I.E market cap in Traditional markets IE share price Multiplied by the number of shares Pretty self-explanatory market cap you Get it we know it it's a realized value As opposed to market value that to me is The more accurate indicator So rather than taking the current price Of Bitcoin realized value takes the Price of each Bitcoin when they last Moved I.E the last time I was sent from One wallet to another so the last price That each of those last Bitcoins moved It then adds up all those individual Prices and takes an average of them and Then multiplies that average by the Total number of coins in circulation That's why many people say that they Prefer a realized cap over market cap a Little bit more specific It looks like both market cap and Realize cap pretty similar right now and Again why people value this metric Realized value in doing so it strips out The short-term Market sentiment and it Can therefore be seen as a more true Long-term measure and then of course

Third but not least z-score that's Basically a standard deviation test that Pulls out the Extremes in the data Between market value and realized value How this affects you We can see when bitcoin's mvrv metric This orange was peaking bitcoin's value Bitcoin's market cap was speaking as Well in Bear markets this metric Bottomed out same in the bowl of 2017 And the bear of 2018. now it's Interesting back in the bowl of 2021 we Don't really get the same blow off top In price or this metric like we'd seen Prior yet we are getting in a similar Bottoming range again based on bitcoin's Realized value again what this means to You Bitcoin is now trading back above Its cost basis realized price for the First time in months in other words in Aggregate the market is no longer Underwater at the moment and as we know All markets are cyclical there's always A sense of euphoria at the top Denial on The way down maybe Panic have we reached That capitulation a period of no Movement depression and then of course Disbelief this couldn't be a real pump This is obviously a sucker's rally this Couldn't be a real rally well matching Up bitcoin's current price over the last Few years laying it over the market Cycle chart Damn pretty remarkable how cyclical how

Similar this Bitcoin Market seems to be I would be interested to hear your Thoughts on this down below how much Weight do you put in to cyclical markets Like this I personally haven't made in My mind yet are we in the disbelief Stage do we still have further downside To go truly nobody knows but what do you Think down below and jumping off that And understanding the cyclical nature of Markets especially bitcoin's for your Cycle let's take a look at Bitcoin in 2015 Bitcoin in 2019 and 2023 all two Years after Bitcoin tops because we know Bitcoin topped in 2013 it topped Infamously in 2017 in 2021 all these are Two years after BTC year-to-date Roi 2015 in the pink yes we had an early Capitulation event chop validation but We finished the year up in 2019 this Bluish purple we had some sideways Action but again the year trended up This was two years after the top and one Year after the bear of 2018 and right Now in 2023 damn we're popping again Past performance does not guarantee by Any means future performance I just Bring you the charts so you have all the Information so you can make your own Decision and the biggest reason to me That this would stay the same this year Is because Bitcoin does go through those Four-year Cycles meaning it's Supply Faucet the amount of coins being mined

Into circulation gets cut in half every Four years So that's incentive why we would see Something similar yet a big reason why We wouldn't why this times not the same Because Bitcoin has only known Inflationary times quantitative easing Money in the system and then of course In 2022 for the first time ever for Bitcoin the FED is actively trying to Taper inflation they're going for Deflation they're raising rates Aggressively Bitcoin has never existed In this type of hawkishness for this Prolonged amount of time from the fed And then of course looking at basic Technical analysis answering the Question is this rally sustainable well We can look at a key metric bitcoin's 200-day moving average we can see in Bear markets bitcoin's price is usually Below often gets rejected off of Bitcoin's 200ma in Bull markets it often Rides above sometimes we do have a back And forth so it's not perfect but back In 2020 after Bitcoin crossed and Confirmed that cross above the 200 ma That was confirmed bull market and back In 2018 after we had that confirmation Below the 200ma that was a confirmed Bear Market zooming in to where we are Today with this last pump Yes we're above it that's bullish now of Course this is no confirmation yet I'll

Keep my eye on this I'll keep watching And then of course some people actually Prefer the 200 week moving average many Analysts hold that in a much higher Regard here is a bigger picture of Bitcoin's 200 weekly Ma and of course That's sitting around a 25 000 Bitcoin hit the like button if you Got value today and like always see you Tomorrow