4 Charts Say Bitcoin is Going Lower (Is 50k Next?)

**SPEAKER_1** (0:00)
Thank you. This is Discover Crypto. Major show for you today. We got to talk about Bitcoin heading to $50,000, and we have a bear pennant foreman that might even push Bitcoin's price a little bit lower. We're going to look at some altcoins. We're going to check those Solana charts, hype charts, XRP charts, because we do have the XRP mass exodus happening right before our eyes. Drew, I don't know if you've seen that. The XRP holders, they are capitulating, and they are selling at a loss.

**Drew** (0:26)
Absolutely. I mean, this is the bear market I came here for.

**SPEAKER_1** (0:29)
You're supposed to be happy about that.

**Drew** (0:30)
What? It feels good to see capitulation. Maybe that marks the bottom. You know what I mean? And also, Morpho is just cooking.

**SPEAKER_1** (0:38)
So you're happy about the Morpho pump. You're not dancing on the XRP grave. Allegedly.

**Drew** (0:43)
Okay.

**SPEAKER_1** (0:44)
See, then you leave yourself that little bit of it out, but let's look at Bitcoin, everybody. Now, warning, warning. I do want to give a shout out to Aaron Dishner. I saw him post this first, pointing out on the smaller time frames, you know, you go the two hour, the four hour, you're seeing a bear pennant form on Bitcoin. So we're not talking about the larger macro one, you know, not this flag. There's a flag now below this flag. So let's go back to the two hour. Let's measure this out. Drew, this is not good. This is not what you want to see, because these bear flags, you know, they have been printing, especially some of these smaller ones.
That is looking at a $46,000 Bitcoin, Drew.

**Drew** (1:19)
Yeah, dang. Well, I am surprised Bitcoin didn't flush harder to the downside last night when Trump put out all his crash outs about Iran.

**SPEAKER_1** (1:28)
Yeah, and we have some true social posts from two hours ago. This is breaking news, breaking Trump posts here.
He's mad at Iran. Now, we're going to start with the one from three hours ago, then read the one two hours ago.
Iran's military is a complete and total mess. Much of it, like their Navy and Air Force, doesn't even exist anymore. They've been completely defeated. Iran is all talk and no action. Bully of the Middle East is dead. They've taken too long to negotiate a deal that would have been great for them. Now, they'll have to pay the price. President Donald J. Trump, then he did this one one hour later. The fake news media refuses to report how effective the naval blockade is, the most successful blockade in the history of naval warfare. Nothing gets through unless we want it to. I'm just kind of pausing on the most successful blockade in the history of naval warfare.
You know, maybe a slight exaggeration there, but let's get back to this. It is a steel wall, he says. Iran is doing zero business, not paying their military or any of their bills, and quickly becoming a failed nation. Lots of oil is getting out. Praise be to Allah, he says. President Donald J. Trump, don't say the Allah thing in Belfast. Yikes. Too soon.

**Drew** (2:38)
Yikes.

**SPEAKER_1** (2:38)
Too soon.

**Drew** (2:39)
Yeah, it's kind of weird how a dead man has to still pay a price, right? You know, how is Iran going to pay a price if he's saying that they're also dead at the same time? It's kind of devil speak.
You know, but again, I am surprised that Bitcoin didn't really lose 60K off that that truth last night.

**SPEAKER_1** (2:57)
The targeted ad of a 250th anniversary celebration for America for a dog bandana.

**Drew** (3:06)
Is this the end?
Is this the every nation last about 250 years at the top? I mean, that advertisement kind of scares me there.

**SPEAKER_1** (3:14)
So yeah, a lot of movement in the market is because of this news. Let's actually look at crypto now. Now we do have Bitcoin now slightly in the green. You can see in the past hour, it is pumped 0.9%.
So it went from the red to the green today. ETH still struggling, still basically flat here. We have BNB with a slight pump. So you're seeing a lot of coins looking pretty flat. Hyperliquid down 3% for the day, up 3% just in the last hour. Rain is up as well. Zcash with a 5% correction. XLM 5% correction. Chainlink pretty flat now. Drew, I saw one of your favorite coins, one of the top gainers here. That is Morpho. Morpho with the 17% pump.

**Drew** (3:52)
Yeah, it's pumping good. And there's been more strength in the Morpho ecosystem and lending ecosystem than Aave. That's for damn sure. I've seen a lot of basically TVL leaving Aave, and then at the same day, it would flow into Morpho.