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Well folks the financial markets are evolving very rapidly and i’m trying my best to keep you guys up to date with everything that’s going on bitcoin and ethereum have been absolutely collapsing for several days now now i have good news in this update okay for you in regards to bitcoin ethereum and then we’re going to get into are these gains gonna hold what’s
Going on here is a stability gonna hold and i’ll explain that in just a moment so don’t get too excited about this essentially okay but nonetheless bitcoins holding in the 22s right now ethereum’s holding in the 1200 range and this is this is big okay this is a big moment because these babies have been in complete free fall for a bit here and i’ll explain in just
A moment why these have stabilized there’s one reason and one reason only why these have stabilized in price okay but you know you pull up a one day chart of bitcoin this baby was just in complete free fall and we bought them just under 21 000 for bitcoin essentially just under 21 000 25 was a huge kind of barrier and once we broke through 25 for big coin i mean
It was a snap of fingers and we were down to 20 000 right uh the 20 000 range like you know when you break through these these important price points you know the decline is so rapidly you see that in stocks all the time and uh in crypto it’s just as big 20 is a big number for bitcoin if we break through 20 then then you’re you’re down to 15. and uh you know the
Price is just give this just erode very very quickly when you break a big range uh ethereum that price is one thousand if you break a 1 000 you’re down to 800 pretty darn quickly so when it comes to ethereum here this may be bottomed at um you know uh under 1100 and then suddenly these babies started to go up but why did they start to go up and i’ll explain if
These gains are going to hold the reason bitcoin and ethereum started to go up was futures opened for the stock market okay and then they turned green and as soon as stock market futures turn green bitcoin and ethereum stop their free fall and they started to go go up as soon as those futures turn green and the more green they turned the more bitcoin went up and the
More ethereum went up now if let’s say we roles were reversed let’s say right now the nasdaq futures were down 1.3 percent the s p 500 was down one percent and the dow futures were down 262 points right now i’d be doing a video showing you bitcoin at 19 000 right now i’d be doing a video right now showing you ethereum at 900 right now that would be the situation if
Futures had stayed red but because we got green um it it like as soon as futures went green boom bitcoin recovered ethereum recover okay now if you’re thinking about is this the end of the free fall or is this uh we got more pain ahead okay a lot of folks obviously that are bitcoin bulls and ethereum bowls they do not want to admit that the things that control
Other financial markets necessarily control the price of bitcoin ethereum right but wednesday j-pal is going to come out the fed that’s fed day okay and they’re going to come out and they’re going to raise interest rates there’s there’s predictions anywhere from 50 basis points to 75 basis points meaning uh basically a half a percentage point two three quarters
Of a percentage point i’m probably thinking maybe three quarters of a percentage point sounds more realistic with how hot cpi came in okay now big money and the fed controls this whole show it controls bitcoin price it controls ethereum and it controls the stock market right now now if if the fed does what big money wants it to do then we can have a recovery here
And if the fed does not we are going back down and next thing you know bitcoin will break that 20 000 barrier which is would be awful for the whole crypto market because then your your next next number you’re talking about is 15 on bitcoin right and uh then ethereum would break a thousand but if the fed does what big money wants it to do then we can go kind of go
Up from there but you can’t get too excited about these things it’s a positive thing that you see bitcoin recovering ethereum starting to recover and not just being in free fall but don’t get too excited too fast wednesday is a huge day and that will be what dictates wherever bitcoin and ethereum goes short term and honestly where the nasdaq growth stocks in the
Entire financial system goes in in at least a short term okay so i hope you guys appreciate me trying to keep you guys up to date with all this even lane night videos i appreciate you joining me much love as always make sure to subscribed and have a great day
Transcribed from video
UPDATE 🚨 BITCOIN & ETHEREUM COLLAPSE By Financial Education
