Bitcoin FAKE OUT? (AI Picks BEST Crypto Projects)

**Drew** (0:01)
Welcome to Discover Crypto. It is a beautiful morning, and Bitcoin is fighting for its right to party just under 60k right now.
But in this video, we're going to have some of the best technical analysis I've come across. One of the best traders, the Beast from the East, joining us on the show to go over his key levels, kind of what he's watching for for Bitcoin. But also, I got to admit, I have fallen into a deep obsession with the AI tools that are now available at my fingers, and a deep analysis on one of the best performing altcoins. It is pumping today, but I'm going to give you kind of an insight of just a snapshot of this tool, where I am using this tool like an obsessive freak right now, as I'm a little excited. My buying finger is getting itchy. I know we're in a bear market, and honestly, we've got a little bit of pain ahead from the looks of things, but I really want to kind of back check that with this awesome trader, friend of the show, obviously. I'm joined with TJ up on the sticks. How are you doing? Looking fresh in the white t-shirt.

**TJ** (1:02)
Yeah. I had to wash all the black t-shirts, so I got to wear the white. It's a white t-shirt day, but yeah, happy to be here. Seen a little pump action going on with the, right before the show went live, we got a nice little pump going. A lot of different things moving around, oil crashing, gold, silver going up, getting a little relief rally, and we're gonna be, like you said, we're gonna be looking at some charts in a little bit. We're also gonna be talking about some AI. Like you mentioned, a lot of the stuff.
As you guys know, we've been in the AI bat cave for quite some time with our research team and our DeFi team pulling a lot of different stuff together. And we're gonna also probably spend a little bit of time after we do some of the levels and look at some of the kind of prices of the day. We're gonna spend some time talking as a community about the next, you know, kind of the future of Discover Crypto and where everything's going. You know, you guys have, I've been mentioning, you know, we're gonna be reshaping and making a new home, you know, rather than, we're gonna stay in Discord for a little while. But really, the Discord, if you guys are in there and there's a lot of great information in there, but a lot of it gets lost and it's noisy across YouTube and across Discord and there's all kinds of scammers. And we've tried and tried and tried to figure out a way to protect people from scammers on Discord. But it's almost impossible.
If you join our server, you're immediately hit with all these different scam accounts, pretending to be Drew, pretending to be me, pretending to be anybody and saying, oh, do this, do that, we'll teach you. And then they end up just scamming and it's very hard to fix that. So, but Drew, what do you got on the run down real quick? And then I've got a couple of things and then we'll pull crank in.

**Drew** (2:45)
Well, we got a little bit of news here. So, crypto market's slightly up this morning. We are showing a little bit of signs of support looking to be held at the $2 trillion mark for all of crypto in general. But, you know, you have some other things going on. The main thing in my eyes is that there was a massive buy wall around $58,000 which played out on the charts late last night.
We did dip down to about 57 and some change and a massive amount of buys did occur. That showed you that short-term bounce this morning. But the real thing in the background here is it seems that oil is pricing itself like there is some sort of peace negotiation actually taking place in the background. So this, you know, we can sit here and do all the news in the world about who farted in Pakistan and all these things back and forth. But really, the main thing that I'm looking at is where Bitcoin is sitting right now and the main metric I want to have to keep in mind, you know, obviously, I'm very excited to have my buddy up here to do some TA as well. But the price of production for Bitcoin usually does end up being around that balance point. But there are some headwinds that crypto is facing right now, and a lot of analysts are starting to agree that we are looking very similar to the summer time, maybe late summer of June 22's bear market, where you have that final FU candle, right? And that is kind of where we're sitting. The kind of awe-inspiring thing about where we are in this weekly candle set is we are opening and still writhing below that bottom end of the price to produce Bitcoin at $62,000 right now. So there are a little bit of headwinds, and this matters a lot.