Will Bitcoin CRASH Another $10K?

**Deasy** (0:00)
This is Discover Crypto. Thank you for joining everybody today. We got a major show for you today. We're going to look at all the altcoin charts that you guys have been asking for. We're going to look at the Bitcoin charts and see, is there a possibility we're about to fall another $10,000?
This is going to be something very important. I need to show you these levels. I'm joined here by Drew. Drew, how are you doing today?

**Drew** (0:20)
I'm terrified, Deasy. Another $10,000. You're saying that Bitcoin could be volatile, and I'm scared. Okay, I need to hold somebody, and have them tell me it's okay to buy more crypto in this time frame.

**Deasy** (0:33)
Well, I'll tell you what is okay. It's okay if you go ahead and smash that like button, everybody, as we go into CoinGecko. Let me see. I didn't add my screen. Oh, yeah, I did. All right. So Bitcoin down 3.6%. ETH down 3%.
Keep scrolling here. We do have hype now down 7.6%. They're seeing a huge correction. Zcash continuing to pump, even though maybe infinity tokens were created out of thin air. A very suspicious pump, in my opinion here. Canton, Drew, nice Canton pump. Are we going to get a Canton and say Aerodrome video or anything like that soon?

**Drew** (1:05)
I mean, I have a Canton and Aerodrome may or may not be on my tier list. And basically, the S tier are what I am buying in terms of altcoins and the timeframe of when.
Canton, I already actually currently hold, but I've made a lot of money off Aerodrome and I've been analyzing it pretty in depth over the last few months to make sure that it's still a viable product. And that video is actually coming out tonight on the guts of what's going on.

**Deasy** (1:32)
All right, we always like the truth uploads here. We have Lab now down 50% from the $20 high here. You can see it's down 51% over the seven days here. BVV is now down 11%. It's basically just plummeted. It was flat for the week and it's now down 12% for the week. Hyperliquid with a pretty sharp correction here. Polygon is down, Athena's down, Algorand's down, and Caspa. Caspa green for the week, but down 5.3% today. It was up nearly 10% at one point, and Aave down 5.3% as well. Now, we're going to look at a couple charts here, but before we do, before we pour into it, I do want to share what are we talking about with a $10,000 Bitcoin, or a $10,000 collapse here. So a few things. So here's from Ox B, B Hive, 60,000 followers here, been trading since 2017
This Bitcoin theory is viral and premature. The chart everyone's sharing has one core idea. Previous cycle all-time high equals current cycle bottom. Now, this is maybe stretching the truth a little bit. Here you can see 2017 all-time high, 20K. 22 bottom wasn't 20K, but he says close enough. So 2021 all-time high, 68K. Current price, 63 Maybe touch 59 And Crypto Twitter is calling for the bottom. It looks clean. I understand why people are excited, but this happened, the bottom happened after full cycle exhaustion. Miners are out. On-chain metrics are done. Funding rates, everything right now, but we're not seeing that. But he's looking at the moving average of the 350 350 is still untouched. It's a completely different situation than it was four years ago. But his target, 47 to 51K. So let's look at the 350 moving average.
Pulled it up right here. Was looking at it. Okay, I might have to pull it up again here.
You know how that trading view is. So nice little teaching lesson. You just type in 350 You're going to see a group of moving averages. 350 at the end. This is going to be the EMA ribbon. So we're going to look at this one.
And then we're going to go to the settings. Just isolate the 350

**Drew** (3:39)
You're teaching.

**Deasy** (3:41)
Remove the 50 Remove the 100 Remove the 200 Remove the 300 And that's going to leave us this 350 And we got to get off the one-hour chart.
Going to the weekly here. Remember, I said it was going to be an issue, Drew.

**Drew** (3:54)
I know. It doesn't want to give us the juice that we got here.

**Deasy** (3:59)
All right. So let's go to the weekly here. 350
Way down there. Let's see here. Boom. And just like that, it did disappear, Drew. Do you love that? I love it. I love it. Good old Trading View. It's actually the best product in, I would say, trading, but it still has its issues, that's for sure.