BITCOIN WARNING! THIS IS SCARY 👀

Summary of the Video Transcript

Introduction

The hosts discuss the current state of Bitcoin, which is down to $93.3, and express their surprise at the drop. They mention that everybody seems extremely bearish and note the formation of a head and shoulders pattern on the chart.

Bitcoin Analysis

The hosts analyze the Bitcoin chart, pointing out a broken rising wedge and a potential bearish continuation pattern. They discuss the importance of being careful with long and short positions and consider the possibility of a double bottom.

Ethereum Analysis

The hosts look at the Ethereum chart, noting a breakdown from a double top and a potential bearish pennant formation. They caution against a potential 30% drop if the support is broken.

Market Sentiment and Predictions

The hosts discuss the current market sentiment, with many people believing that Bitcoin has peaked. However, they express their disagreement, citing historical patterns and the potential for a parabolic phase after breaking the previous all-time high.

Stable Coin Situation

The hosts touch on the stable coin situation, mentioning that USDT is not regulated in the EU and that many exchanges will delist it. They also discuss the performance of USDC and other stable coins.

Altcoin Season

The hosts discuss the lack of a strong altcoin season, with many altcoins not performing as expected. They note that some altcoins, such as XRP and Cardano, have pumped, but the overall altcoin market is not impressive.

Conclusion

The hosts summarize their discussion, reiterating their bullish stance on Bitcoin and their expectation of a potential top in 2025. They encourage viewers to remain calm and patient, reminding them that Bitcoin is a long-term investment.

Final Thoughts

The hosts end the stream by wishing their viewers a happy new year and encouraging them to subscribe to their channel for future updates. They also mention that they might do an emergency live stream if Bitcoin drops to $77.