BITCOIN IS CRASHING! ACT FAST!!

Market Update

The market is currently experiencing a downturn, with Bitcoin falling to around $90,000. This represents a drop of about $5,600 from the previous night. The majority of coins are also being "slaughtered," with significant losses across the board.

Liquidations and Market Manipulation

There have been $456 million in liquidations on the long side in the last 24 hours, primarily driven by Bitcoin and Ethereum. The host believes that market manipulation may be occurring, with market makers and whales attempting to push the price down to $90,000, a key psychological level where many stop losses are placed.

Bitcoin Dominance

Despite the overall market downturn, Bitcoin's dominance has increased from 57.9% to 58.4%. If the price breaks below $90,000, potential support levels include the 100-day moving average at around $88,000.

Trump's Crypto Advisory Council

There are reports that U.S. President Trump will form a crypto advisory council to draft legislation, build a Bitcoin reserve, and promote regulatory clarity. This could potentially lead to a bullish moment in crypto history.

Tom Lee's Comments

Tom Lee, Fundstrat Capital's CIO, believes that the current market correction is normal and that Bitcoin could be one of the best-performing assets. He thinks that the $90,000 price point is a good entry point for long-term investors and predicts that Bitcoin could reach $200-250 this year.

MicroStrategy's Bitcoin Purchases

MicroStrategy has re-accelerated its Bitcoin purchases, buying an additional 2,530 Bitcoins at around $96,000 per coin. This move is seen as a positive sign, potentially indicating a re-acceleration of growth.

Trading Opportunities

The host believes that the current market conditions present a good opportunity for trading, particularly for those looking to take advantage of reversals. Links to trading platforms such as Blofen, BTCC, and CoinW are provided for those interested in trading crypto.