I just discovered what's really going on with this Bitcoin crash you see today Bitcoin has started to recover from its in total 24% correction from alltime high which is largely due to at least most recently to the Donald Trump trade War right we know this is why crypto is crashing we discussed this we showed you this in yesterday's video and while we'll talk about the recent news with Bank of America and ethereum it's pretty clear there's going to be a stable coin Raul pal and Solana watch today's entire video trust me this is what most
people are not realizing about this recent Bitcoin crash just in as of yesterday the Bitcoin fear and greed index drops to 10 extreme fear this is largely flushing out the weak hands the tourists but when in doubt zoom out and understand the handful of times that bitcoin's fear and greed index has dropped to a 10 this fast it's very interesting on what happened next always always what happened next it starts from some of this great research from Terren Michael I'll link the full analysis down below but this is bullish for Bitcoin specifically when bitcoin's fear
and greed index historically has gotten down this low we now have incredible historical data on what has happened always always within the one to two months to follow so historically when the emotionally challenged tourists who don't understand Bitcoin have d driven this index down into the fear Zone below 25 we have followed with a massive surge in price we now sit at a 10 an even lower score than when scam bankster frauds FTX collapsed and we can actually chart metrics like this out you see when the furing Greet index dropped anywhere below a 25 specifically
below a 10 we know sellers get exhausted the weak hands the paper hands get exhausted as the sell into this sphere the sellers eventually have to get exhausted and we see this time and time and time again based on the data during December of 2018 we reached a score as low as8 within 2 months after bitcoin's price had surged over 330% from around 3,200 to over 13,000 per coin again let's check check back where we were we'll switch to the weekly chart to make this easier where we were December of 2018 I know all coin
daily was making videos and that was right around right around here bitcoin's fear and greet index hit an eight people were screaming the price is going go going to go so much lower the weak hands the sellers sold into that fear the sellers got exhausted and again within 2 months we surged over 300% we saw something similar during the covid crash of March 2020 the fear and greet index reached as low as a nine again people were screaming seeming price is going to go so much lower think about the macro think of what everything is
happening in the world and sentiment dropped to as low as a nine within 1 month after we surged over 75% from around 4,000 to 7,000 BTC even looking at around May of 2021 when the Bitcoin miners had that exodist from China China was Banning Bitcoin totally but in May of 2021 we dropped to as low as a 10 within 2 months after we surged over 33% from a $30,000 Bitcoin to a $440,000 Bitcoin granted some of this was just a relief rally looking at Bitcoin today we need some sort of a relief rally even if
we're going lower nothing goes down in a straight line also two days in a row perfectly we have bounced off that 200 simple moving average 200 day simple moving average these are two metrics that we've been watching for a while now if SL when we were to break below break down that demand Zone we had this 200 day simp moving average that has been very important in determining whether we're in a bull market or bare Market even for shorter length of times these next couple days are going to be vital can we maintain above the
200 day simple ma if we don't the next viable line of support heavy support in the low $770,000 range again we've had these lines drawn for months and really only because we saw such quick immediate shoot UPS in price price we can have these breakdowns in price as well if something like this would have came along gradually wow actually we're right on schedule for slow steady growth the issue is we climbed up so far so fast we have these breakdowns as well all par for the course anybody trading on bitun next and you're watching some
of these same metrics like moving averages we would go edit this we don't want we want 200 day right now the daily RSI is still oversold at 24 and we're bouncing off the simple moving average I would expect a bounce from here anybody that was shorting that set your take profits right at this moving average or right above it you made money but point is let's wait for a bounce and if we don't get that bounce or at least some consolidation to the upside then we re-evaluate based on the new information in the coming days
our metrics show that 7 out of 10 people who watch altcoin Daily every day subscribe to the channel three out of 10 10 people watch but have not subscribed yet we are so close to hitting 1.6 million subscribers join this Army if you want an edge investing in crypto because the news today is this with ethereum Bank of America to launch a USD pegged crypto stable coin if lawmakers pass legislation says the CEO it's pretty clear there's going to be a stable coin which is going to be a full of dollar backed you know type
of thing which is no different than a money market fund with check access is no different than a bank account really and so if if they if they make that legal we'll go into that business so you'll have a you know A B A Bank of America coin and a and a bank of in a US dollar deposit and we'll be able to move them back and forth because now it hasn't been legal for us to do it but it's just done like another foreign currency the question of what it's useful for is going to
be interesting and by the way David Sachs cryptar of the United States has said that stablecoin legislation is the easiest that's coming first Within These next six months probably four Asia months now so it'll be very interesting to see which blockchain or multiple blockchains Bank of America launches this crypto stable coin on this is a signal crypto is not going away we have hip-hop artist Snoop Dogg backing web 3 music in the door I said it before never with Spotify anymore only onm Snoop Dogg releases a new single spaceship party exclusively on ton FM this
is like a decentralized Spotify actually TFM is web 3 decentralized music streaming platform and music nft Marketplace built on hyera but pretty cool to see which hyera projects are making noise it's interesting and interesting piece of news for cookie da and just as a reminder cookie da is the first index and Central data layer for AI agents and Def aai basically cookie da is marketing fi it's the data layer it's the metrics layer it's all onchain automated and the news today is cookie. fun version 1.0 is launching this quarter to Showcase social and onchain intelligence
not just for AI agents but all crypto sectors powered by cookie data swarm an example of how you would use this information or AI Bots automate use this information you can find the top crypto that have the most mind share or the biggest gainers what's gaining in mind share and crypto so cookie. fun very interesting I'll put the link down below if you want to check this out but final thoughts I do want to say why they are expanding well there isn't a single intelligent Solution on the market that combines market onchain and social data
for all crypto projects most mind share data is hidden behind pay walls favoring Traders with high spending power we will make the majority of crypto intelligence open and free and current Solutions show mind share and social intelligence for the whole of crypto but don't break into sector like ai ai agents infrastructure memes Etc these metrics are something that I personally use so it's cool to see them expanding link down below oh yeah and by the way coinbase they're on the agenda of coinbase assets added to the road map today Kookie cookie token might be listed
on coinbase soon and next quick piece of news for Solana from macro investor Raul pal Solana is two standard deviations oversold on the log regression Channel with with the lowest RSI since 20 of 22 lows meaning severely oversold and probability is wildly on favor of significantly higher prices in the next month and just like the fear and greed index for Bitcoin flashing a 10 does not mean the fear and greed index can't go to a five or to a one it can just like with Solana doesn't mean it can't go three standard deviations lower but
just based on Trends buying Solana today is like buying Solana around the 2022 lows just something to consider big news for community coin foxy proud to be included in the metamask Cash Back Rewards program in collaboration with ethereum L2 Linea spend your metamask debit card and earn foxy rewards meaning metamask is launching a debit card the people behind metamask are also the same people behind Linea build actually the people I'm referring to is consensus and just in the s CC 's investigation into consensus but very similar to how coinbase backs their eth2 base funnels all
their users into base metamask looks to be funneling all their users into Linea with foxy being the main community coin on the Ethel 2 the most recognizable crypto wallet in the world is powered by our Fox any and all people trading do not forget to set your stop losses set your take profits that's what makes you a Pro Trader also it's always interesting any bu that thinks they're a pro thinking I'm doing this right I know the right trades check out the copy trading section on bitun next and you can become a lead Trader and
earn 10% share of your followers profits of course it's a double-edged sword if you follow somebody and they lose money you lose money if you follow somebody and they're a good Trader then you make money but anybody that thinks they're a good Trader and wants to earn extra profits and have people find you and you're a leader and people copy you link down below check it out and like always see you tomorrow
