Its Not Looking Good For Bitcoin. – Can The Price Recover? – Bitcoin Price Analysis

49 Comments

1. Creator of the intro meme: https://twitter.com/Cryptanzee
   
   Join the Telegram: https://t.me/TeamUndergroundTrading

2. awesome intro?

3. you earned a sub with that intro

4. Thomas, thanks for your thoughts. The Chinese miners (80% of the market), who have the cheapest electricity can just about make a profit around 3K so a prolonged bear market below 3K is impossible right now. Miners in the rest of the world need closer to 4-6K to make a profit (US miner need 6K as electricity is much more expensive here). Plus, after having, this is going to be even tougher for them as they'll get fewer coins for mining so the mining floor will have to rise to at least 6K for the Chinese miners to make a profit. The Chinese miners have large stashes of BTC, so they would at least manipulate the price to at least 3K in order to survive. There could be another break down into 3K but I think it would be short-lived as there will surely be some kind of upward price movement for the having. After that we could be back down to 5-6K levels though, but unlikely lower over a sustained period as it is not profitable for the miners. Thoughts? Cheers.

5. i understand that the video was published before the move completed. COz we did go to 3900ish and then returned to the 5300 levels. Does this negate the importance of this old trendline (7:22) ?

6. best intro ever! instant sub. oh wait… already subbed.

7. bruh. Ya nailed it.

8. Beautifal introduction

9. Crypto is all about downside and its more if a trading venture. Goodluck cashing out the peak and then riding thre long bearish..years prices go down.

10. Buying the dips wont work anymore lol

11. We needed a capitulation, this is it.

12. always Hodl you BTC

13. Nice work geezer!

14. hi Thomas great information! Where can I find the video of the original intro? beautiful! 🙂

15. Goddamit that opening is funny!!!

16. What do you think about HBAR?

17. Just in case newbies are looking to start trading – don’t use Uphold!

18. Dude its only a greed factor. Humanity will eventually die because of greed. Its never enough. Can you imagine that some people own so much they could care about 50%. Ow yes Bill Gates donates an amount why do you think. Best commercial ever. Its all a stupid show ?

19. this is wrong! I don't agree.. this is a one day candle wick which will correct this evening.. back to 7ks just like 2015

20. This corona virus is a bioweapon, now wake the fuck up you brain dead zombies

21. best opener ever lol

22. This is not the end its just the beginning. The markets will rise again. They always do.

23. Death to bitcoin!

24. I'm calling $3600-$3500 was the bottom. Price is more than just TA, the Chinese miners who make up 80% of the hashpower won't let the price go lower than that, because that's their breakeven point right now.

25. Just a great buying opportunity coming in the next few days. Buy BTC, eat pasta and use your toilet roll sparingly ?

26. Slv and gld was because of paper contracts suppressing the truth. Buy ,USA mint is sold out of silver eagles, demand spiked!

27. That was the only thing I could smile at today, thanks, liquidated @ 1 x p/l minus 0.05btc. What a day, I went out for 4 hrs, who would have thought. Yah, I know. no stop, is ok, I can still play. Besides you always learn from a mistake. I know some have lost more and some gained massive. Welcome to 1929 revised ?♥️?

28. ASAP…

29. Thanks for yet another enlightning presentation

30. Charts only mean so much. News and sentiment are what matters now

31. ?????

32. Fuck your bullshit ramble doodles. Today was actually an awesome day! My Bitcoin wallets just got extremely fatter and looking forward to buy up some more. Its all leveraged when done right, you fuktard. haha

33. I spend 7500 for coin and half I believe this will be best ever sip of all time up to like 50k

34. I just got one and a half bitcoin

35. double tops, double bottoms and all other patterns doesn't matter when everything around is crashing …

36. Intro was bad ass bro!!!

37. THAT INTRO

38. That intro was amazing.

39. Like for the intro

40. Where’s your 14000 target u expected…

41. if you bought an hour ago at $3800, you would have made 30-50% in Bitcoin . now at $5400 ?

42. Epic intro ?

43. Iam with you , Iam still holding and buying .

44. Bitcoin is finished now. The market never recovered from the 2018 dump, the price was over inflated. Bitcoin is not being used as a store of value or a method of exchange. This crisis shows that it is not gold and is not trusted like gold. There's no more money to made in bitcoin except cyclic pumps and dumps.

45. Time to buy people!!! it's wise to be “fearful when others are greedy and greedy when others are fearful.”

46. Hahaha cracked myself up lol.

47. $3266 soon.

48. Bit scared now. Just hope it doesn't go to Zero. Some of my Alts probably will go to zero if BTC falls below 3k! Screwed.

49. 4,006$ OMG ????????

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