Is it the reasons Patrick Bet-David mentions, or is it simply the predictable technical analysis we conducted back on May 13, 2024?
Patrick Bet-David’s tweet highlights several alarming and somewhat humorous events:
- Rumors of an underground bunker in Jerusalem, fully operational and prepared by the Shin Bet security service, amid fears of attacks from Hezbollah and Iran.
- The Nikkei 225 in Japan is set to post its largest 2-day drop in history, larger than the Black Monday crash of 1987.
- Bitcoin is down 22% in the last week (10% just today), and Ethereum is down 31% for the week (21% for the day).
- Trends show increased purchases of military stocks.
- Talks about the Federal Reserve considering lowering rates by half a point next month to stabilize potential massive stock market losses.
- Warren Buffett’s Berkshire Hathaway dumps $75.5 billion worth of stock and halves its Apple stake, now sitting on a record cash pile of $276.9 billion.
What does all of this mean?
- Nothing.
- Things are about to get chaotic.
- A possible WWIII could be imminent if Iran attacks Israel.
- The overdue recession is finally here.
- A global recession after all the money printing is here.
However, all these events are mere excuses for the market drop. This decline was predicted by us on May 13, 2024 (Bitcoin Short Position Analysis: Key Level at $52,000-$51,000).
Using certain information and technical analysis, we identified the price level accurately within a margin of ±15 days, showcasing excellent technical analysis.
Everything you hear and see from the media and public figures on TV and Twitter creates panic and serves as a cover for actual market actions.
Why Now is a Good Time to Buy Bitcoin
Looking at the chart, we can see that Bitcoin is expected to return to the $69,500 level around September 20th, give or take a few days. This presents a prime opportunity to buy Bitcoin at a lower price before the anticipated rise.
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Note:
The market is controlled by whales, not the news.
