Bitcoin is currently sneaking around 44,000. The range between 39,000 and 43,000 was very difficult for him. His natural enemies, the bears, were ready to attack again, but Bitcoin applied the well-known instructions "what to do if you encounter a bear" 1.Stay calm. If the bear sees you, talk in a low, calm voice and then regardless if it has seen you or not. 2.Back up slowly. Never turn your back on a bear, or run. ... 3.Do not stare. ... 4.Give it space. ... 5.Do not run! 6.Use your bear spray as it approaches. I don't think 7.Play dead or fight back. After pretending to be dead, Bitcoin went on the attack and the bears had to retreat a bit. Although the fight is still going on, Bitcoin now has a better chance of winning. Oh, my God. And Dogecoin ... Dogecoin delighted the spectators at the stadium when it crossed 24 cents. Just when everyone thought that Doge would not play in this match, the coach took him off the bench. In fact, I think Doge is female. Let me check. The coach took her off the bench. She started to attack from the left side, deceived the opponent's player, and like a hurricane she reached the goal, blowing everything around. Such excitement has not been seen since Elon Musk was a cowboy. Now let's see what that on-chain indicator says. Can Bitcoin go even higher? Therefore, can Dogecoin still go uphill? You remember we talked about RHODL a few videos ago? Then RHODL showed us that Bitcoin will reach an incredible 300,000 - 400,000 dollars in November? Let's see if anything has changed. Rhodl arrived at 15,000, the point we were talking about, on August 4th. The price of Bitcoin at that time was almost $ 40,000. We talked that if this indicator is as accurate now as it was in the past, from the moment RHODL comes back to 15,000, the price of Bitcoin will increase by 5.49 times in the next three months. That means that the price, according to this, will be almost 220,000 dollars in November. For now, this all looks good, but don't relax too much, because governments are trying to put their paw on the crypto industry. It’s happening right now in the United States Senate. ... https://www.youtube.com/watch?v=lVDb3YBKqL4

Bitcoin touched 43,000 at one point. Dogecoin went below 22 cents. Ethereum dropped to 3000. What the hell happened? First, El Salvador has officially declared Bitcoin a legal tender. That topic is in trend, but despite the hype, Bitcoin has collapsed and dragged the entire cryptocurrency market with it. The most probable reason for that was the manipulation by Wall Street, which prevented the short squeeze. Here's what's going on. Currently there are more paper claims to bitcoin than actual bitcoin because of leverage, margin and futures trading. Here we can see a great liquidation of "long" positions. That led to a chain reaction and that is why the price dropped so abruptly and a lot. As soon as the decline started, I wrote a tweet about why the price dropped sharply, to help you avoid panic sales. Because with such sudden falls, the price quickly returns to the top, although almost never to the level it was before the fall. In any case, the panic sale at the bottom is a sure loss. Now, Wall Street is in Bitcoin and they are applying a debt-based activity to an equity-based money system. Therefore, Bitcoin is heavily rehypothecated. Rehypothecation is a practice where banks and brokers lend client assets that have been posted as collateral. In the case of bitcoin loans, many bitcoin loan providers take their clients’ bitcoin, which serves as collateral to a dollar denominated loan, and lend those assets out to third parties. If you are interested in learning more about this, I will leave a link to the unchained-capital site, below in the description. This simply means that, because of all this lending and borrowing, there is a much larger number of bitcoins owned, on paper, than there are bitcoins in reality. When brokers lend bitcoins, on paper, more than there are in reality, and then the one who borrowed them sells those bitcoins in short sale, the problem we have in the last few weeks comes up. Short sellers apparently expected the price to fall and then buy bitcoins at a lower price and return them to the lender. The price did not fall, but grew more and more, and it began to be a threat to short sellers, who would have to buy bitcoins at any price in order to return them. Despite the initial expectation of banks and other institutions that the price will continue to fall and that the bull market is over, due to the situation with the pandemic, excessive printing of money all over the world caused inflation high enough that people started putting their fiat money in Bitcoin. Here we can see that many investors expect the price to rise, so they have opened "long" positions. So, with this kind of bull sentiment, there was a great danger that there would be a classic run on the bank for bitcoin, and enough bitcoin simply does not exist ... https://www.youtube.com/watch?v=8_VJgKOtsz8