BITCOIN CRYPTO TOTAL COLLAPSE: Worst Day In History

Jason Pizzino

Market Analysis

The speaker analyzes the current market situation, addressing the significant collapse of markets, with $2 billion in liquidations over the last 24 hours, the biggest in history. They aim to answer questions about whether the market cycle is over and if there will be a new "old coin season."

Bitcoin (BTC) Analysis

  • Price Levels: The speaker discusses key price levels for BTC, including a potential low around $98,000 and the importance of the $89,000 and $79,000 (50% level) marks.
  • Market Sentiment: The sentiment is resetting, similar to patterns seen in 2021, suggesting that the long-term macro cycle is still in play but the short-term sentiment needs to improve.

Traditional Markets Analysis

  • Interest Rates: The Fed's decision not to cut interest rates and the upcoming meeting in March are crucial. The speaker suggests that if prices continue to drop, the Fed might reassess its stance.
  • Volatility and Winners' Curse Phase: The final stage of the cycle is characterized by volatility and late entrants into the market, leading to price fluctuations.

Altcoins Analysis

  • Ethereum (ETH): ETH had a significant dump, and the speaker looks at key levels such as $1,700 and $1,500 for potential support.
  • Solana (SOL): After a panic-buying phase, SOL is now breaking down. The speaker mentions $200 as a key level and warns of potential further downsides.
  • Sui (SUI): SUI's pattern is similar to its previous top, with a significant dump. The speaker watches for a potential bounce or further lows.
  • XRP: XRP failed at the 50% level and is now back in a previous accumulation zone. The speaker mentions a potential 70% correction, which could take XRP down to around $1.
  • Pepe: Pepe is undergoing its largest correction in terms of price and is at risk of breaking down further if it cannot hold certain levels.

Conclusion

The macro cycle is still intact, but short-term volatility and sentiment resets are key factors to watch. The speaker emphasizes the importance of understanding market sentiment and the potential for significant lows in February or March, which could provide a base for future growth.