Patrick Bet-David’s tweet highlights several alarming and somewhat humorous events:

1. 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.
2. The Nikkei 225 in Japan is set to post its largest 2-day drop in history, larger than the Black Monday crash of 1987.
3. Bitcoin is down 22% in the last week (10% just today), and Ethereum is down 31% for the week (21% for the day).
4. Trends show increased purchases of military stocks.
5. Talks about the Federal Reserve considering lowering rates by half a point next month to stabilize potential massive stock market losses.
6. 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?

1. Nothing.
2. Things are about to get chaotic.
3. A possible WWIII could be imminent if Iran attacks Israel.
4. The overdue recession is finally here.
5. 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.

The post What Just Happened? Why the Crash? + Our Next Tech Analysis appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Cardano Support Line Wobbly

The support line is an important indicator of a cryptocurrency’s value. It represents a level at which investors are willing to buy the asset, preventing the price from falling any further. If this line is broken, however, it can spell disaster for the coin’s value.

Unfortunately, this is precisely what is happening with Cardano right now. The support line that has been in place for quite some time is now looking wobbly, and experts are concerned that it could break very soon.

Buckle Up for 8% Cardano Dip!

If the support line breaks as expected, then Cardano could see a price dip of up to 8%. This is not great news for investors who have already put their money into the coin, but it does represent a potential buying opportunity for those who are looking to enter the market.

Of course, predicting the future of any cryptocurrency is always a risky business, and there are no guarantees that the price will dip by precisely 8%. Some experts are anticipating an even bigger drop, while others see this as a momentary blip in the overall trend of the coin.

Either way, if you’re a fan of Cardano, then it’s important to stay vigilant and closely monitor any changes in the coin’s value in the coming days and weeks.

There you have it – everything you need to know about Cardano’s potential price plunge. While it’s certainly not great news for investors, we can be optimistic that the coin will eventually recover and continue its climb to the top. In the meantime, buckle up and prepare for a wild ride!

The post Cardano’s Support Line in Jeopardy: Potential 8% Price Plunge Ahead appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.