฿ Bitcoin BTC/USD Daily Video, August 29, 2022

[Sive Morten]

Good morning,

We have prepared new Fundamental Report on BTC

In short-term perspective we consider 21.7-22K area as vital for short-term bearish context. Until its valid, it is possible to consider short entry around 20.97-21.07 resistance area. Downside targets are 19.18K and 17.5K

 

[Brett Reynolds]

Market so weak.. . It will be interesting to see what will happen the rest of this year. I really did think we would get a $29-$30K retest...but it seems 'No'.? It will take some major news or fundamentals change to start moving Bitcoin higher for at least this year! Interestingly i had a a friend who is still holding all his crypto! I told him months ago..to 'get out'..but he is not a trader and does not look at charts.! There are some people who are STILL fully paid up Bitcoin Believers!

 

[Sive Morten]

Market so weak.. . It will be interesting to see what will happen the rest of this year. I really did think we would get a $29-$30K retest...but it seems 'No'.? It will take some major news or fundamentals change to start moving Bitcoin higher for at least this year! Interestingly i had a a friend who is still holding all his crypto! I told him months ago..to 'get out'..but he is not a trader and does not look at charts.! There are some people who are STILL fully paid up Bitcoin Believers!

Hi Brett,
I've mentioned this briefly in August Fundamental report.... I see something might happen as BlackRock monster steps in, and not alone but together with coinbase. $8 Trln in assets. Usually it smells like new bubble and 30-36K level might be the upper line where they will blow...
It just looks curious a bit, when such a monster like BlackRock announced big investment project on so weak market. Hardly this is just an escapade. They count money. Something stands behind it.

 

[Brett Reynolds]

Hi Brett,
I've mentioned this briefly in August Fundamental report.... I see something might happen as BlackRock monster steps in, and not alone but together with coinbase. $8 Trln in assets. Usually it smells like new bubble and 30-36K level might be the upper line where they will blow...
It just looks curious a bit, when such a monster like BlackRock announced big investment project on so weak market. Hardly this is just an escapade. They count money. Something stands behind it.

Well if the 'Plutocrats' step in...i hope i will see a 'nice signal around $10K...then they can 'Count on me' to join them..!!??