BITCOIN CRASH ALERT

**Deasy** (0:00)
Emergency Bitcoin video, everybody, you can see here, Bitcoin has fallen, it has fallen 9% in the span of about 15, 16 hours here. Now, it is trying to recover. Well, let's look at some of the levels and identify what is the next level we're gonna be watching for Bitcoin to fall to, if it cannot recover. But right now, it is trying to hold strong. Now, we gave you the level 65,800 in yesterday's video, and then we switched to the one hour, you can see here, actually came down to that level hours after I uploaded it, held as support. But then it failed to hold as support as the second time, and then actually turned into resistance. So what is the next level I'm gonna be looking at here? Well, that's gonna be the February 6th low, right here, 60K, 59,900 and some change. Now, go into the one hour chart, scrolling over, I think Bitcoin definitely needs to hold this level, and you can maybe talk about 60K is still gonna be the bottom. But if this fails, I am looking at another low, and that's gonna be going all the way down here to where we were testing this range in 2024 First time we touched it was gonna be here in May of 2024 Bounced off this area again, let me zoom in a little bit. You can see here, then we came down back into July, bounced off it in August, and then it took off in September of 2024 Now, that first level I gave you, 60K, 59,950, you can see here that is also holding a support back here in October of 2024 But right now, if you look on the one hour, we are starting to recover a little bit on the RSI. And let me tell you what happened last time we were looking at the RSI. So, switching here, we have a little bit of a bullish divergence. You see a higher low while the price was making a lower low.
Last time we saw that was going to be right here. Let me fix this y-axis where the price was going lower while the RSI was heading higher. Now, Bitcoin would actually do okay.
It would hold up for about three and a half days, had a little two and a half percent pump, and then you could see Bitcoin off to the races, to the downside, but a huge bearish divergence was giving us the clues all along. So, there's actually a decent chance we might see a little bit of a bounce in, probably coming back up to the $65,800 level. Smash that like button if you like these emergency Bitcoin videos. I'm Deasy and I'll see you on the livestream in the morning.