Bitcoin Fake Out COMPLETE (HUGE ETHEREUM SIGNAL)
Discover Crypto
October 16, 2026
Bitcoin's latest fake out may be COMPLETE, and a huge Ethereum (ETH) signal could be pointing to the next major crypto market move! Today's crypto news breaks down Bitcoin price action, Ethereum price predictions, and the altcoin signals crypto investors need to watch.
TopicsEntrepreneurshipBusinessTechnology
SPEAKER_1 (0:00)
Welcome in to Discover Crypto. Happy Friday, everybody. You made it. Give yourself a pat on the back. Yeah, made it through the week. Bitcoin looks like it might have made it through that snap crash that we had to experience during the front end of the trading this week. Things are looking good, folks. Things are looking good. The markets are coming, ripping back here. Actually, I'll swap my shot here so I can get the close up of my beautiful beanie here. Bitcoin at $82,300.
Ethereum is still fighting to break back above that $2,500 mark. And some of the bigger alts are putting up some major, major rally precedent here. We have Hyperliquid defending $80. That long setup still stands true on Hyperliquid. So I'll be looking at that today. And there is a few things that I want to point in to today on this show. So Ethereum's founder, Vitalik Buterin, has made it very, very clear where actual technological advancements are going to be headed in crypto. Now, there's a lot of different projects that we can buy in anticipation of this advancement that I'm going to be covering on today's show, major price targets. But the thesis stands true, folks. And I feel damn good about it. It's kind of a heady thesis on AI and knowledge, zero-knowledge proofs and privacy. But this all matters quite a bit. Now, let's hop back in. I want to say hello to the to the chat here real quick. Kylo, what's up, Crypto? Steve, I think I saw a wild there's Morgan. Good morning, Ren, Wispy. Good to see a lot of old school, good old names here in the chat. And I think I saw Sack Nasty. You're going to get banned, and Shake N Bake. I think I saw Shake N Bake in here. Wonderful, wonderful to see you guys and have you join me. And it's a very interesting time, right? We have Bitcoin and crypto, altcoins, rallying pretty nicely right now. And this is in the backdrop of a pretty good pullback happening on the NASDAQ 100, extending its losses over 1% on the day as it hits a new session low. The NASDAQ is, NASDAQ 100 down 6% since it's high, seen just 10 days ago, a healthy pullback. What's a drawback between friends? And, you know, it's incredible that before we get too far into things, it's incredible that instead of getting a new Ethereum all-time high, we now have flying cars. Elon Musk has released the flying Tesla Roadster. This thing has fricking jet fuel in it, doing kickflips on the roadway here. Absolutely insane to see this be released before Ethereum. New highs have been developed, but it is what it is. And I do actually, I remember I was trying out the trade plan of checking $82,000 support just for a scalp on Bitcoin here. Let me see where this trade is at. I might want to clip this trade. I know the quant copy trade got me into a couple of longs, I think on say, trying out this like $81,900 mark. This is just a small, tasteful trade. I might just scoot the stop instead of below this range into slight profit there just so I can keep you up. But looking good right now. That snap crash that we had into the high 79 region might have satisfied those liquidity monsters here. The main data hub information, for everyone that's part of our community, you get access to this data hub. This quantifies all the biggest news in one spot. So the market pulse is showing a mixed signal right now. We do have Ethereum ETFs still in question, right? We had pretty strong outflows of Ethereum ETFs. And honestly, there's a lot of FUD going on in the market right now, but the prices aren't quite responding to it.
Really, the main thing that people in the bearish side of the equation here are going to be watching is this HUT8 moving $161 million of Bitcoin to exchanges. That hasn't quite affected the Bitcoin price per se, and that MSCI approval to oust strategy and MetaPlanet looks like it's moving forward. So the bears have their food. Bears are going to be fighting with that one, but we got to get into Bitcoin, liquidity, all the trading side, first and foremost here. So the four-hour bullish divergence that me and Kelly were talking about yesterday and the day before leading up to it, it's playing out right now. Bitcoin has bounced nicely off of that lower low zone, where we snapped down to about $79,700.
So this is playing out well.
I really think that it's going to be interesting. I, you know, really over the weekend into Saturday, we get some sort of flatline action. So I'm definitely going to be clipping that trade before I get into the weekend here. But the bigger thing that I was noticing is the snap crashed down into that 79, high 79 region did wash away a lot of lower bound liquidity, but there does still remain DGENs on board. And you know what? I'm guilty. I got an active long in right now.
51 more minutes of transcript below
Thousands of transcripts fetched by people building searchable podcast archives
Fetch the whole transcript
The demo key returns a sample episode in full, no card needed:
curl -H "x-api-key: pt_demo" \
https://spoken.md/transcripts/1000651996090Markdown with the speakers named, for your notes, your knowledge base, or anything that makes HTTP calls.
From $0.10 per transcript. No subscription. Credits never expire. Prices exclude VAT, added at checkout for EU customers. Not what you expected? Email us within 14 days with 20 or fewer credits used and we refund the pack in full.
Using your own key:
curl -H "x-api-key: YOUR_KEY" \
https://spoken.md/transcripts/1000796703400