Bailey

I have a couple of bits, nothing major.

It'll probably be a short episode today.

We'll go ahead and jump into this, and I have a little bit of a surprise at the tail end of the episode today.

coinmarketcap.com and we're going to zoom out to the month chart for bitcoin because current chatter online makes reference to a death cross we will talk about the death cross but just so that we can put in some perspective

over the month chart right now it actually shows me a slight middle as in not quite strong not quite weak middle trading it does not look good long term but in the short i don't see the immediate crash that is being projected online

88,000 bucks.

It is visually low, but it looks like it's trying to hold the line.

Best way to state that there was a major drop though, from the, I think it's like 96,000 ish mark down to this 88,000 mark.

But the reason I say that it feels middling just like a week and a half ago,

We were sitting at just shy of $95,000.

It went down to about $90,000, so not far from where we're at.

Went right back up again, did a little bit of a pump up to $97,000, then started dwindling down.

That, at least for me, that indicates that there is a concerted effort to keep the price of Bitcoin above a threshold.

It's a fight.

And if that fight is successful in keeping everything above the threshold, then the death cross is nullified.

And so what you'll see if you look at some of these articles talking about this so-called death cross, and I do recommend that you do,

There's a bunch of statements from the analysts out there regarding the death cross that it simply basically means short-term momentum is weakening.

It means that there's a risk short-term, but it's not a guarantee.

And it doesn't necessarily mean that there's going to be a crash.

And it usually comes after death.