BAD NEWS: $6.5 BILLION BITCOIN DUMP!

The Moon Show

Bitcoin Price Dumping

The Bitcoin price is currently dumping, down to $92,000, after the US government announced it may sell 69,000 Bitcoins worth $6.5 billion. This news has caused frustration in the market, leading to a dip in Bitcoin's price.

Technical Analysis

Technical analyst Carl suggests that the current chart shows a head and shoulders pattern, which could indicate a further bearish continuation. However, he also notes that the support level at $91,000 is still holding, and a bounce from this level is possible.

Ethereum Analysis

Carl also analyzes the Ethereum chart, pointing out a double top pattern and a potential head and shoulders pattern. He notes that if Ethereum breaks down below the support level, it could drop to $2,500.

Altcoin Season

The hosts discuss the possibility of an altcoin season, where altcoins like Ethereum and others could see a significant price increase. They note that this could happen if the overall market sentiment shifts and investors become more risk-tolerant.

News and Updates

The hosts discuss several news updates, including:

  • The US government's potential sale of 69,000 Bitcoins
  • Exodus being listed on the New York Stock Exchange
  • Billionaire Mark Cuban preferring Bitcoin over gold
  • Oklahoma Senator Dusty Devers filing the Bitcoin Freedom Act to allow workers to be paid in Bitcoin

Trading and Investment

The hosts discuss their trading strategies and investments, including their use of Coinflare and Bybit. They also mention the importance of having a stop-loss in place to limit potential losses.

Community Engagement

The hosts engage with their community, answering questions and responding to comments. They also encourage viewers to like and subscribe to their channel.

Conclusion

The hosts conclude the stream by thanking their viewers and inviting them to tune in to their next stream. They also remind viewers to stay informed about the crypto market and to always do their own research before making any investment decisions.