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in today's show analysts warned that possible downside Wick could push the Bitcoin price as low as forty four thousand dollars as analyst John Wick shares here Bitcoin on the four hour chart why did we correct from a technical aspect we formed a double top that was clearly defined by bearish RSI Divergence notice how the price action Trends up while RSI was trending down we also had a bearish alpha thrust and squeeze fake out and has done alt shares here pretty clean downtrend for now I start getting hopeful above 52 000 above 60 000 the Raging pole Market is back on until either of those happens I'm going to look for deep Wicks and focus on other more exciting things also in today's show Bitcoin dominance falls under 40 and everyone's favorite Bitcoin troll Peter Schiff took this as an opportunity to share the following with over 16 000 alternative cryptos to choose from bitcoin's market dominance is now below 40 for the first time since June of 2018 with an unlimited supply of easily created cryptos with virtually identical properties Bitcoin is losing its first mover competitive advantage and Dan held responded see how silly that looks with an unlimited supply of easily created metal with virtually identical properties gold is losing its first mover competitive Advantage also in today's show Arcane research releases its crypto predictions for 2022 also in today's show investment veteran Tom Lee makes mass of 2022 bitcoin price prediction and shares his Target that's right Lee states that the price of Bitcoin could explode up to four times from the current Levels by the ends of next year quoting him here now in terms of percentage upside again I'm kind of disappointed it didn't reach a hundred thousand this year but I think next year it will easily get to the hundred thousand dollars but let's say it should have been a hundred thousand this year so maybe Bitcoin is in that 200 000 range next year I'll be breaking this down for you and checking out the latest from Quant analyst Plan B he shares fifty thousand to two hundred thousand one standard deviation banfields wide some people think this makes the stock flow model invalid and not useful but is it last cycle stock the flow model average was 7 thousand with the first band of 3 500 to 14 000 not wide from the current fifty thousand perspective next cycle ban will be a half a million dollars to 2 million useful in my opinion I'll be breaking down his latest analysis we'll also be taking a look at the overall crypto Market as you can see Bitcoin ethereum and all the major altcoins are currently correcting back in the red but where's the Bitcoin price likely to go next find out all this plus so much more in today's show all right here comes the news alerts I dropped a brand new episode every single day the goal is to get to a hundred thousand Subs along with a hundred thousand dollar bitcoin price and if you like getting that crypto be sure to smash that subscribe button and ring that Bell to turn on all notifications to received daily premium crypto news alerts every single day just like this today's episode is brought to you by the FTX app formerly known as blockfolio I've been using this app literally every single day for the past few years is the first thing I do when I wake up in the morning is check my crypto portfolio I personally love it because it's the easiest and fastest way to buy Bitcoin ether another top cryptocurrencies with zero fees truly making this a no-brainer and they're trusted by over six million people worldwide and over 200 plus countries around the world and have a special promo they're running right now where you can earn free crypto and every trade over 10 bucks here's how it works when you use my referral Link in the description right down below every trade over ten dollars earns you a chance to get a random free coin and the more you trade the more you earn so what are you waiting for go ahead and use my referral link in the description right down below and download the FTX app today make some trades claim your free crypto and let's start stacking those stats shall We Alright welcome back to another episode of crypto news alerts I'm your host JV how's it going crypto fam I'll let you boy in the live chat it looks as though the year-end rally that many crypto Traders had hoped for we'll have to wait until 2022 as Bitcoin Bears gain the upper hand on December 28th and hammered the price of Bitcoin below support at 48 000 data from cointelegraph markets Pro and trading view shows that an early morning wave of selling broke through Bitcoin support at 50 000 it was followed by a second wave in the early afternoon that dropped the top cryptocurrency to a daily low of 47 000 318 before the Bulls manage to stem the outflow and at the time of this recording Bitcoin is currently maintaining just above that critical forty seven thousand dollar support as you can see here on the Bitcoin for our chart now here's a look at what several Market analysts are saying about the reasons behind the latest correction and what to look out for as 2021 comes to a close let's start with a bearish RSI Divergence prior to the reversal insight into the technical reasons for the urine correction for bitcoin price was offered by options Trader and synonymous Twitter user John Wick who posted the following chart highlighting a bearish fake out at the price of Bitcoin began to reverse as he shares here on crypto Twitter what did we correct from a technical aspect we formed a double top that was clearly defined by bearish RSI Divergence notice how price action Trends up while RSI was trending down we also had a bearish alpha thrust and squeeze fake out now also possible dip to 44 000 is on the cards bitcoin's continues struggles at the 21 week exponential moving average was highlighted in the following chart for Market analysts and synonymous Twitter user Rec Capital the weekly chart shows that the difficulty Bitcoin has had and breaking Above This technical indicator as he shares right here on crypto Twitter to confirm a reversal Bitcoin needs to flip the 21 week EMA back into support just like it did in the past August and September in the shallow Circle the green 21 week EMA is confluent resistance with the 52 thousand level ahead as you can see here in the black then a few days ago he updated us again Bitcoin has Revisited the 21 week EMA to confirm further upside Bitcoin needs to flip this EMA into support this green 21 week EMA is a confluent resistance with the black weekly level which is the resistance that prompted the September retrace as you can see right here in your screen so according to Red Capital the price action for Bitcoin is similar to a scenario that occurred back in May whereby Bitcoin is experiencing a multi-week consolidation between the two bull market EMAs and the price should soon revisit the 44 000 level he continued historically Bitcoin has performed downside Wicks into the orange area during this red retest so there is a scope for another revisit of orange how many of you feel were likely to correct all the way down to 44 000 let me know in the comments below now suggestions as to what Traders should be on the lookout for in the days and weeks ahead are offered by analysts and synonymous Twitter user Don alt who posted the following chart showing that Bitcoin is in a pretty clean downtrend for now as as he shares here on crypto Twitter Bitcoin pretty clean downtrend for now I start getting hopeful above 52 000 above 60 000 the Raging Bull Market is back on until either of those happens I'm gonna look for deep Wix and focus on other more exciting things and before I break down next story of the day Bitcoin dominance falls under 40 as well as Arcane research releases its crypto predictions for 2022 as well as investment veteran Tom Lee makes mass of 2022 bitcoin price prediction and shares his targets as well as I show the latest updates from Quant analysts Plan B but first let's take a quick look at the overall crypto Market as you can see Bitcoin down three and a half percent for the day maintaining just about forty seven thousand three hundred we have ether down four percent trading just above three thousand seven hundred dollars Solana is down nine percent trading at 173 bucks cardano down 10 trading at 1.35 and xrp down almost seven percent trading just above 83 cents but all right now let's break down our next toy of the day bitcoin's market dominance has continued to fall bottoming out below 40 percent this week that's very close to the all-time low of 36.7 percent back in January of 2018 according to data from Trading view bitcoin's market dominance refers to the ratio between bitcoin's market cap and the total crypto market cap it's not the first time as dominance has dipped in 2021 back in May as reported Bitcoin had dipped to represent just 40.3 percent of the combined crypto asset capitalization according to coin market cap and is near the same level again in September and Bitcoin critic and everyone's favorite Bitcoin troll Peter Schiff shared the following which I shared for you in the intro of the show so I'm not going to read it again I also responded with Dan held's response putting Peter Schiff in his place and then Peter Schiff responded to Dan held with the following I guess you flunk geology first there is a very limited Supply medals second none are easily created third none have properties virtually identical to Gold I like Spencer schiff's response to his pops he wrote Bitcoin doesn't compete with those coins it is in a completely separate category many altcoiners even admit that 100 and Alice gladstein chimed in imagine how much more globally dominant the dollar would be if nation states that enforce their citizens to use their crappy Fiats that gives you a small idea of how dominant Bitcoin will be in the future free Global Market and a sea of infinitely scarce virtual junk and pompliano responded dare you to name all 16 000 so there you have it Peter Schiff is doing what he does best is troll bitcoiners to sell gold it is what it is now research published by trading platforms on Monday stated that the date May signal an incoming alt season as over the last seven years altcoin market dominance has increased three-fold from 21 in 2014 to around the 60 mark this month now ether's market dominance continues to sit above 20 at almost a half a trillion dollars over the past year ether's market dominance has doubled from 10 percent and in a Friday tweet crypto analyst altcoin Sherpa claimed that the alt season had already been underway for the entire year they referenced the chart tracking bitcoin's market dominance suggesting that the downtrend may continue quoting him here from crypto Twitter altcoins mini thread here on when alt season alt season has been going on for an entire year you just haven't noticed it here's the Bitcoin dominance chart you can see that the alts have flour since January 2021 and according to on chain data from glass node although bitcoin's short-term supply has decreased by 32 percent long-term hodlers are adding 16 to their treasuries during 2021 so there you have it and before I break down next to the day and I show the latest predictions from Arcane research as well as investment veteran Tom Lee makes mass of 2022 bitcoin price prediction and shares his Target as well as I show the latest updates from Plan B creator of the Bitcoin stock the flow model but first let's take a quick look at the overall crypto market cap sitting just above 2.2 trillion dollars with 97 billion in volume in the past 24 hours and the current bitcoin dominance is 40.2 percent with The Ether dominance at 20.1 percent and checking out the top gainers within the top 100 not much in the green today we have Eunice said Leo up six and a half percent trading at 3.69 followed by 5 peer up four percent trading at 43 bucks followed by xdc uh four percent trading at eight point four cents now which altcoins are you currently most bullish on let me know in the comments right down below now checking out one of my favorite indicators is the crypto greed and fear index shows we're currently rated a 27 out of 100 in fear yesterday at 41 last week of 45 and last month a 33 In Fear And if you're not familiar with the crypto greed and fear index extreme fear can be a sign investors are too worried that can be a great buying opportunity like we're witnessing right now btfd buy that blood in the streets when investors are getting too greedy that means the market is due for a correction but all right now let's break down our next toy of the day blockchain data research firm Arcane research has taken a look at the year which was in its final report for 2021 and offered its predictions for the crypto markets heading into 2022 arcanes Tuesday the weekly update report focuses on bitcoin and ether but delves into other major coins the centralized Finance meme coins and nfts derivatives and others are k main offered a prediction for what would happen in 2022 on every topic covered in the report prediction number one Bitcoin will outperform the S P 500 in 2022 I think that's a given prediction number two xrp and cardano will fall out of the top 10 RK noted that tremendous gains on binance coin this year peaking out at about 1600 in May and rounding out the year up 1344 and based on this the growth in the market cap from altcoins such as Solana and Terra along with the nft craze the analysts are tipping xrp and cardano will exit the top 10 list now for the third prediction alternative layer ones will continue to outperform eth that's right while eth outperformed Bitcoin this year with a gain of 455 percent to 73 percent other layer 1 blockchains outperform eth layer 1 refers to Standalone base layer blockchains Terra Luna ends 2021 up 14 823 and Phantom is up thirteen thousand five hundred and forty nine percent now for the fourth prediction traditional gaming companies will increase in at nfts that's right this year crypto can be defined in no small part by the massive sales of nfts and blockchain games like Splinter lands and alien worlds have around 526 000 daily active users according to DAP radar now for the fifth prediction even more crypto companies will go public and several will have valuations above 5 billion dollars and for the sixth prediction Bitcoin ETS will hold more than one million Bitcoin by the end of 2022.
several Bitcoin Futures exchange traded funds were launched in 2021 they currently collectively hold about 846 000 BTC and Arcane said the growth will only continue throughout 2022 as I share here in this chart now for the seventh and final prediction for 2022 from Arcane research hash rate will become even more geographically distributed when China ban Bitcoin mining bitcoin's Global hash rate sharply fell then nearly as suddenly recovered now as the United States leaves the world in hash rate followed by Kazakhstan and Russia Arcane believes that miners will disperse even further into regions such as Latin America that's right tap into that geothermal energy why not as they're doing in Bitcoin City in El Salvador the first nation state to adopt Bitcoin as a legal tender and before I break down our final story of the day investment veteran Tom Lee makes massive 2022 bitcoin price prediction and shares his Target as well as I share the latest updates from Plan B creator of the Bitcoin stock the flow model but first I want to remind you to smash that show more button right below this video in the description for detailed analysis of what's going on in the crypto Market this goes for all 1000 plus videos right here on my YouTube channel also some very helpful resources for you to plug into including my crypto merch store which is now live at merch.cryptnewslerts.net also of a daily letter which goes out to over 30 000 subscribers every single day to subscribe visit letter.cryptednewsalerts.net also have a Blog I update daily which could be found on crypto newsyes.com also be sure to smash that subscribe button and ring that Bell to help me get to a hundred thousand Subs along with a hundred thousand dollar bitcoin price and you can also find me on all the major podcasts and platforms from Spotify to Apple's iTunes we're currently receiving over a half a million downloads per month you can also follow me on Twitter Facebook Telegram and Tick Tock so wherever you at be sure to follow me there but all right now let's break down our final story of the day funstrack Global advisors managing partner Thomas Lee is disappointed with the end of year performance for the king of all crypto in 2021 but still thinks that the leading crypto asset could soar to new heights in 2022 in a new interview with trading educational platform Market Rebellion Lee says that with Bitcoin surviving multiple hardships in 2021 BTC may only have clear skies ahead for the next year quoting him here I think Bitcoin you know I'm disappointed it didn't exit 2021 higher I think it's still got a chance to Rally because the s p is rallying so Bitcoin should move contemporaneously with that 2022 should be a good year because the things that disrupted Bitcoin in 2021 such as China essentially Banning mining trying to essentially ban Bitcoin would have been considered a crypto winter type event and it didn't kill Bitcoin so unless the US government bans Bitcoin next year Bitcoin has already had some of the Nega could have catalysts already play out so I think Bitcoin could do really really well and when pressed for a bitcoin price prediction Thomas Lee states that the price of Bitcoin could explode up to four times from the current Levels by the ends of next year as he shares here now in terms of percentage upside again I'm kind of disappointed it didn't reach 100 000 this year but I think next year it will easily get to the hundred thousand dollars but let's say that should have been a hundred thousand this year so maybe Bitcoin in that 200 000 range next year let me know if you agree or disagree with Tom Lee and checking out the latest tweets from Plan B Creator the Bitcoin stock to flow model he tweeted 50 to 200 000 one standard deviation ban Fields wide some people think this makes stock to flow model invalid and not useful but is it last cycle stock flow model average was seven thousand with a first ban of thirty five hundred to fourteen thousand not wide from the current fifty thousand perspective next cycle ban will be a half a million to two million useful in my opinion and checking out this response when exactly is your model invalidated never whatever happens there's that always stay the same I will not row against you and to understand otherwise it will just seem like you are trying to stay afloat and plan B responded when Bitcoin spends most of its time in the white instead of the blue if you want to learn more Google regression analysis and standard deviation and maybe R2 t f statistic and plan B also tweeted I use models to protect myself from emotions right now most people including myself fear further decline of Bitcoin price and want to sell but stock to flow model shows that Bitcoin at the low end of 50 to 200 000 first man a Buy Signal likewise two hundred thousand will feel like Bitcoin will rise forever but stock to flow says sell and someone responded how many models do you have plan B responded I use a lot of models technical analysis models like RSI ma Etc on-chain models like realize cap coin days destroyed Etc but I created only one model stock the flow plus stock to flow at V2 which doesn't round parameters and stock to flow X which is the cross asset model the non-time series versions that solve some technical issues so you have it let me know if you agree or disagree what Quant analyst Plan B that we can likely see a 200 or even a 288 000 bitcoin price as stock to flow X the cross asset model suggests and now for a quick recap what I cover with you here in today's show and a list warned that possible downside Wick could push the Bitcoin price as low as forty four thousand dollars also in today's show we discussed the Bitcoin dominance falling under 40 for the first time in a very long time as well as Arcane research releases its crypto predictions for 2022 and I shared their seven predictions with you also in today's show we discussed investment veteran Tom Lee making massive 2022 bitcoin price prediction of two hundred thousand dollars per BTC and also shared the latest updates from Quant analysts Plan B already fill the Bitcoin price is likely to go next let me know in the comments write down below not for the top three comments from yesterday's episode Ashley McIntosh wrote come on JV get that bitcoin price up as high as possible for the New Year back on track stock the flow you got it Ashley 288 thousand dollars let's freaking go our next feature comment comes from our very own inner Dino who wrote thanks JV loved the show this will be our year definitely faux show Absolutely fam greatly appreciate your continued support 2022 will be epic mark my words on our third and final comment comes from Jillian Renee who wrote JV merry Christmas and happy holidays I'm extremely bullish on BTC no matter what the price thanks for making content through the holiday crypto doesn't take vacations and I appreciate you one love happy holidays Jillian that's right crypto never sleeps or takes vacays gotta love it six figure BTC in 2022 let's go and to be featured on tomorrow's episode drop me a comment right down below well that's going to conclude Today's Show as always I appreciate you tuning in and joining along with me inside this incredible crypto Matrix that's right Bitcoin is the glitch in The Matrix and if you gain value out of today's show be sure to smash that subscribe button and ring that Bell to turn on all notifications that help me get to a hundred thousand Subs along with a hundred thousand dollar bitcoin price and I look forward to seeing you on tomorrow's episode peace foreign
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