Bitcoin Peace Pump To $64,000 (Can You Trust It?)

**SPEAKER_1** (0:01)
This is Discover Crypto and it's a major, major show for you today, everybody. We're looking at the Iranian news that is pumping the markets. We're going to look at the Bitcoin charts. We're going to look at the ETH charts. We're also going to look at Solana Cardano and some of these other top altcoins. I am joined here today by the Druski. Hey, Druski, how are you doing today?

**Drew** (0:19)
I'm feeling good. I haven't heard that name since high school, but I feel young. I feel refreshed.
I feel the vibes are pretty good, man. I mean, it's nice seeing a little bit of a bounce. We did have to cut into 59 flat, I believe, but looking a little bit bouncy this morning, so kind of exciting.

**SPEAKER_1** (0:36)
I got a warning for everybody, though, Drew. Drew, looking at the liquidation heat maps, and we do have another level to the upside here. So we might clear out the $64,200, $64, $300 area, but then you can see the longs are starting to pile in. If too many longs pile in, you can expect a Bitcoin correction. Let's actually go to the Bitcoin chart here. We're going to look at a few things here, but Drew, on the one hour, we are kind of bouncing within a parallel range, but we hit our level Friday afternoon. We gave you this level Friday morning, right? You know, 1030 a.m. Eastern Standard Time. And when you look right there, it actually held, it was holding as support, this 59,950. Where do we get this level from? Well, this is just the swing low that we hit February 6th. And you also see a little activity here in October of 2024 Yep, right here, October 3rd and October 11th. About a week apart there. And here we are a year and a half later, testing the same range. Now, we're gonna get a little bit more in-depth analysis with these bear divs and everything. But Drew, did you get any trades in this weekend?

**Drew** (1:40)
No, I was actually, I was having to get my mom to the airport, my wife back and kind of reintegrate the family.
A lot of moving pieces, but you know, really what I was looking at is the last weekend, I was talking about the money flow and basically just developing this kind of chop zone, which is where I usually like to buy a bunch of alts. And I was assuming the weekly money flow was going to come back into the red. And I did actually see that happen to a slight degree. And now we're seeing Trump take to the truth social move to a kind of calm, you know, calm Wall Street from a sell off, because we walked away from S&P 500 on Friday and there was a massive red weekly candle. It was really looking like a set up for a deeper correction. Trump took to the KOL strategy play, I guess, and trying to calm everyone's fears there. So the markets are liking what he's saying, but we are developing kind of a pattern of chop on the weekly money flow that makes for good buying opportunity.

**SPEAKER_1** (2:41)
Good buying opportunities. Well, let's look at the buying opportunities and what is on sale. What is overbought at the moment here? So we just hit refresh. Bitcoin's up two and a half percent. ETH is up three percent. We have a little bit of a pump for Solana as well with a three percent pump and drew ten percent pump for hyper liquid. We're going to look at the hyper liquid who actually came to a key level that we identified bounced off it perfectly. So we're going to look at that. If you're watching the TA, you're hopefully making some of these big moves. If you're not watching the TA, make sure you hit that like button. Make sure you subscribe to the channel. So we do pop up in the algorithm here. XLM with a little bit of a pullback and Canton with a little bit of a pullback. But we do have a little bounce for Cardano.
And we have more crime season coins pumping here, Drew. We have Beat is beating the Bears with the 54% pump. We have Morpho though, with a little bit of a pump. The Dexie here, near protocol with a nice little pump. Caspa, people keep talking about Caspa in the comments and Caspa one of the bigger gainers for the week.

**Drew** (3:39)
I've been covering the chart of Caspa. It's not a horrible chart.

**SPEAKER_1** (3:43)
It's really not a horrible chart. People love that proof of work. We also have the Binance Life Dogger. I feel like we've talked about this one every two months, and we'll see it pop up for about a week, and then it'll disappear. Bitcoin Cash with the major move to the downside, Lab and Athena, and who could have seen the Lab crash, you know, now down from $20 trading at $12.