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Bitcoin's $87K Bounce: Dead Cat or Bull Revival? Altcoins Bleed as Traders Eye Short Squeeze
Smart Crypto Investing: Bitcoin, Altcoins & Trading Strategies podcast.
Hey crypto fans, it’s Crypto Willy here, and this week has been an absolute rollercoaster across Bitcoin, the altcoin universe, and some hot trading strategies—so let’s dig into the action, straight from the digital front lines.
First up, **Bitcoin** bounced back hard over the weekend, popping above the $87,000 mark after last week's wild selloff, where it crashed as low as $80,000. CNBC’s Mackenzie Sigalos highlighted that both Bitcoin and Ether started the final week of November in the green, with Ether climbing back to $2,863 and XRP recovering up to $212. If you blinked, you might’ve missed the panic, since the markets lurched back fast—classic crypto drama.
We’re still seeing some heavy volatility, with ABC News reporting Bitcoin’s price has dropped nearly $40,000 in recent weeks—a solid one-third haircut. But don’t let the panic outshine the bigger picture: Bitcoin today remains more than 25% higher than its Election Day levels last year. This kind of volatility isn’t new—look back at 2022 and you’ll remember Bitcoin shed over 60% of its value, only to bounce back as enthusiasm reignited.
But here’s the big question—is this rebound the start of another bull run or just a dead cat bounce? PlanB—yes, the guy famous for his stock-to-flow model—says the $100K price point, which once looked like a brick wall, is now acting as sturdy support as we’ve closed six consecutive months above it. He’s bullish for a 2x move from current levels, hinting that steady, less outrageous growth might keep us out of those brutal bear cycles.
On the flip side, Morningstar via Dow Jones is playing skeptic—using Metcalfe’s Law, they claim Bitcoin is still overvalued by nearly 40%. Their fair value sits closer to $53,000 based on network utility and user expansion. But, as they admit, historical overvaluation didn’t stop Bitcoin from doubling since last year. Sometimes, sentiment and narrative just run the table.
Coindesk is tracking derivatives action, noting a potential **short squeeze** brewing as perpetual funding rates flip negative, a signal often seen at local market bottoms. With open interest surging during last week’s lows and unwinding since, we might soon see those leveraged shorts get torched if momentum keeps up above $87K.
Altcoins haven’t fared so well—Coindesk reports they’ve plunged faster than Bitcoin, deepening the bear market signals. Still, technical analysts at Brave New Coin spot a potential cup-and-handle pattern emerging on the weekly BTC chart: if Bitcoin holds above key trendlines with solid volume, targets up to $90K aren’t fantasy.
For the smart **crypto investor**, the name of the game this week is resilience and tactical trading. Swing traders are watching for local bottoms to ride these relief rallies, scalpers are licking their chops at the juicy volatility, and long-term hodlers—well, you folks already know the drill: zoom out, breathe deep, and let those diamond hands do the work.
Thanks for tuning in, crypto community! Come back next week for more deep dives and real market talk—this has been a Quiet Please production. For more on me, Crypto Willy, check out QuietPlease.ai. Stay sharp and never let a bear market steal your joy!
Get the best deals https://amzn.to/3ODvOta
This content was created in partnership and with the help of Artificial Intelligence AI
Hey crypto fans, it’s Crypto Willy here, and this week has been an absolute rollercoaster across Bitcoin, the altcoin universe, and some hot trading strategies—so let’s dig into the action, straight from the digital front lines.
First up, **Bitcoin** bounced back hard over the weekend, popping above the $87,000 mark after last week's wild selloff, where it crashed as low as $80,000. CNBC’s Mackenzie Sigalos highlighted that both Bitcoin and Ether started the final week of November in the green, with Ether climbing back to $2,863 and XRP recovering up to $212. If you blinked, you might’ve missed the panic, since the markets lurched back fast—classic crypto drama.
We’re still seeing some heavy volatility, with ABC News reporting Bitcoin’s price has dropped nearly $40,000 in recent weeks—a solid one-third haircut. But don’t let the panic outshine the bigger picture: Bitcoin today remains more than 25% higher than its Election Day levels last year. This kind of volatility isn’t new—look back at 2022 and you’ll remember Bitcoin shed over 60% of its value, only to bounce back as enthusiasm reignited.
But here’s the big question—is this rebound the start of another bull run or just a dead cat bounce? PlanB—yes, the guy famous for his stock-to-flow model—says the $100K price point, which once looked like a brick wall, is now acting as sturdy support as we’ve closed six consecutive months above it. He’s bullish for a 2x move from current levels, hinting that steady, less outrageous growth might keep us out of those brutal bear cycles.
On the flip side, Morningstar via Dow Jones is playing skeptic—using Metcalfe’s Law, they claim Bitcoin is still overvalued by nearly 40%. Their fair value sits closer to $53,000 based on network utility and user expansion. But, as they admit, historical overvaluation didn’t stop Bitcoin from doubling since last year. Sometimes, sentiment and narrative just run the table.
Coindesk is tracking derivatives action, noting a potential **short squeeze** brewing as perpetual funding rates flip negative, a signal often seen at local market bottoms. With open interest surging during last week’s lows and unwinding since, we might soon see those leveraged shorts get torched if momentum keeps up above $87K.
Altcoins haven’t fared so well—Coindesk reports they’ve plunged faster than Bitcoin, deepening the bear market signals. Still, technical analysts at Brave New Coin spot a potential cup-and-handle pattern emerging on the weekly BTC chart: if Bitcoin holds above key trendlines with solid volume, targets up to $90K aren’t fantasy.
For the smart **crypto investor**, the name of the game this week is resilience and tactical trading. Swing traders are watching for local bottoms to ride these relief rallies, scalpers are licking their chops at the juicy volatility, and long-term hodlers—well, you folks already know the drill: zoom out, breathe deep, and let those diamond hands do the work.
Thanks for tuning in, crypto community! Come back next week for more deep dives and real market talk—this has been a Quiet Please production. For more on me, Crypto Willy, check out QuietPlease.ai. Stay sharp and never let a bear market steal your joy!
Get the best deals https://amzn.to/3ODvOta
This content was created in partnership and with the help of Artificial Intelligence AI
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By Inception Point AiSmart Crypto Investing: Bitcoin, Altcoins & Trading Strategies podcast.
Hey crypto fans, it’s Crypto Willy here, and this week has been an absolute rollercoaster across Bitcoin, the altcoin universe, and some hot trading strategies—so let’s dig into the action, straight from the digital front lines.
First up, **Bitcoin** bounced back hard over the weekend, popping above the $87,000 mark after last week's wild selloff, where it crashed as low as $80,000. CNBC’s Mackenzie Sigalos highlighted that both Bitcoin and Ether started the final week of November in the green, with Ether climbing back to $2,863 and XRP recovering up to $212. If you blinked, you might’ve missed the panic, since the markets lurched back fast—classic crypto drama.
We’re still seeing some heavy volatility, with ABC News reporting Bitcoin’s price has dropped nearly $40,000 in recent weeks—a solid one-third haircut. But don’t let the panic outshine the bigger picture: Bitcoin today remains more than 25% higher than its Election Day levels last year. This kind of volatility isn’t new—look back at 2022 and you’ll remember Bitcoin shed over 60% of its value, only to bounce back as enthusiasm reignited.
But here’s the big question—is this rebound the start of another bull run or just a dead cat bounce? PlanB—yes, the guy famous for his stock-to-flow model—says the $100K price point, which once looked like a brick wall, is now acting as sturdy support as we’ve closed six consecutive months above it. He’s bullish for a 2x move from current levels, hinting that steady, less outrageous growth might keep us out of those brutal bear cycles.
On the flip side, Morningstar via Dow Jones is playing skeptic—using Metcalfe’s Law, they claim Bitcoin is still overvalued by nearly 40%. Their fair value sits closer to $53,000 based on network utility and user expansion. But, as they admit, historical overvaluation didn’t stop Bitcoin from doubling since last year. Sometimes, sentiment and narrative just run the table.
Coindesk is tracking derivatives action, noting a potential **short squeeze** brewing as perpetual funding rates flip negative, a signal often seen at local market bottoms. With open interest surging during last week’s lows and unwinding since, we might soon see those leveraged shorts get torched if momentum keeps up above $87K.
Altcoins haven’t fared so well—Coindesk reports they’ve plunged faster than Bitcoin, deepening the bear market signals. Still, technical analysts at Brave New Coin spot a potential cup-and-handle pattern emerging on the weekly BTC chart: if Bitcoin holds above key trendlines with solid volume, targets up to $90K aren’t fantasy.
For the smart **crypto investor**, the name of the game this week is resilience and tactical trading. Swing traders are watching for local bottoms to ride these relief rallies, scalpers are licking their chops at the juicy volatility, and long-term hodlers—well, you folks already know the drill: zoom out, breathe deep, and let those diamond hands do the work.
Thanks for tuning in, crypto community! Come back next week for more deep dives and real market talk—this has been a Quiet Please production. For more on me, Crypto Willy, check out QuietPlease.ai. Stay sharp and never let a bear market steal your joy!
Get the best deals https://amzn.to/3ODvOta
This content was created in partnership and with the help of Artificial Intelligence AI
Hey crypto fans, it’s Crypto Willy here, and this week has been an absolute rollercoaster across Bitcoin, the altcoin universe, and some hot trading strategies—so let’s dig into the action, straight from the digital front lines.
First up, **Bitcoin** bounced back hard over the weekend, popping above the $87,000 mark after last week's wild selloff, where it crashed as low as $80,000. CNBC’s Mackenzie Sigalos highlighted that both Bitcoin and Ether started the final week of November in the green, with Ether climbing back to $2,863 and XRP recovering up to $212. If you blinked, you might’ve missed the panic, since the markets lurched back fast—classic crypto drama.
We’re still seeing some heavy volatility, with ABC News reporting Bitcoin’s price has dropped nearly $40,000 in recent weeks—a solid one-third haircut. But don’t let the panic outshine the bigger picture: Bitcoin today remains more than 25% higher than its Election Day levels last year. This kind of volatility isn’t new—look back at 2022 and you’ll remember Bitcoin shed over 60% of its value, only to bounce back as enthusiasm reignited.
But here’s the big question—is this rebound the start of another bull run or just a dead cat bounce? PlanB—yes, the guy famous for his stock-to-flow model—says the $100K price point, which once looked like a brick wall, is now acting as sturdy support as we’ve closed six consecutive months above it. He’s bullish for a 2x move from current levels, hinting that steady, less outrageous growth might keep us out of those brutal bear cycles.
On the flip side, Morningstar via Dow Jones is playing skeptic—using Metcalfe’s Law, they claim Bitcoin is still overvalued by nearly 40%. Their fair value sits closer to $53,000 based on network utility and user expansion. But, as they admit, historical overvaluation didn’t stop Bitcoin from doubling since last year. Sometimes, sentiment and narrative just run the table.
Coindesk is tracking derivatives action, noting a potential **short squeeze** brewing as perpetual funding rates flip negative, a signal often seen at local market bottoms. With open interest surging during last week’s lows and unwinding since, we might soon see those leveraged shorts get torched if momentum keeps up above $87K.
Altcoins haven’t fared so well—Coindesk reports they’ve plunged faster than Bitcoin, deepening the bear market signals. Still, technical analysts at Brave New Coin spot a potential cup-and-handle pattern emerging on the weekly BTC chart: if Bitcoin holds above key trendlines with solid volume, targets up to $90K aren’t fantasy.
For the smart **crypto investor**, the name of the game this week is resilience and tactical trading. Swing traders are watching for local bottoms to ride these relief rallies, scalpers are licking their chops at the juicy volatility, and long-term hodlers—well, you folks already know the drill: zoom out, breathe deep, and let those diamond hands do the work.
Thanks for tuning in, crypto community! Come back next week for more deep dives and real market talk—this has been a Quiet Please production. For more on me, Crypto Willy, check out QuietPlease.ai. Stay sharp and never let a bear market steal your joy!
Get the best deals https://amzn.to/3ODvOta
This content was created in partnership and with the help of Artificial Intelligence AI