Description
Bitcoin hit $79,000 this weekend and a lot of people are panicking. I'm not. Here's why I'm still bullish, and what's really behind the drop.
Daily headlines and data, no promotions: https://t.me/LearningCryptoNews
Bitcoin's Bollinger Bands are the tightest they've been in about two and a half years. The longer it ranges, the bigger the move that follows. Bitcoin is 60% of a $2.67 trillion crypto market, Ethereum about 10.6%, so if someone tells you a coin is about to overtake Bitcoin this cycle, they don't understand market caps. And nobody's calling me about XRP yet, which tells me we're nowhere near the top.
Then the news: Fox News reports the Pentagon wants every major US base able to run for 90 days without outside power, fuel or water. Trump says high gas prices are a small price to pay for the Iran war, with Brent around $115. The US has ordered non-emergency embassy staff and families out of Saudi Arabia as Houthi strikes continue. And through all of it, Bitcoin is holding around $80,000.
Chapters
0:00 Bitcoin hit $79,000. Here's why I'm bullish
0:19 Tightest Bollinger Bands in 2.5 years
0:36 Fresh capital flowing into Bitcoin
1:04 Nobody's calling me about XRP yet
1:28 Why I'm focused on Bitcoin
1:45 Bitcoin is 60% of the crypto market
2:07 Ethereum won't overtake Bitcoin
3:28 Why we dropped to $79,000
3:40 The Pentagon's 90-day plan
5:06 A nothing burger?
5:36 Trump: high gas prices are a small price to pay
6:22 Embassy families ordered out of Saudi Arabia
7:00 Where this war goes next
7:35 Bitcoin is holding $80K through all of it
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Learning Crypto is run by Heidi and Toby, who have covered Bitcoin and self-custody on this channel since 2016. Nothing here is financial advice and we are not licensed advisors. Markets are volatile, do your own research, and never invest more than you can afford to lose. We will never message you first on any platform; anyone who does is not us.
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