Bitcoin Bears Strike Back AB #16 [TOPq7w_Iev2]

Bitcoin Bears Strike Back AB #16 [TOPq7w_Iev2]

| 1h 28m 28s | Video has closed captioning.

On episode #16 of Alpha Bites, #Bitcoin is showing fresh signs of weakness as the #DXY heads above $104 and the hopes for an ETF are dashed by the SEC. This is not the time to "buy the dip". Ray's market update shows several factors working against #BTC price: strengthening dollar, no reclaim of moving averages, and continued headwinds from macro indicators suggesting a slow down in markets. Benjamin notes exchange volume and liquidity are also drying up, putting further downward pressure on price. 👉 Share your thoughts with the Crypto Enthusiast Survey Next, Benjamin extends his review of the market by reviewing the propriety Bull Bear indicator, a longer term indicator of market momentum. He explains the significance of it flipping from bull to bear and when that might change and why this metric will grow in importance as TradFi enters the industry. Next, Ray unpacks the recent headlines surrounding #solana, including a partnership to process #USDC payments for #visa, and why the significane of the news not driving price appreciation. Kodi offers his view on Solana's current price action and why long-term holders might be looking for entries under $20. Ray wraps up the discussion with his framework for validating growth on the #sol network. Kodi reviews three projects on the "Like It or Spike It" segment. - Prisma Finance, a LST-backed stablecoin, launches - USDC native launches on Cosmos via Noble Appchain - Rune, Maker founder, proposes to fork Solana as the backend new chain for Maker On the deep dive, the team weighs in on three of #coinbase CEO Bryan Armstrong's wishlist for the crypto industry. Kodi raises doubts on the promise of #flatcoins, an inflation version of stablecoins, highlighting that recent projects have not achieved meaningful adoption, despite positive reviews from industry leaders like Vitalik. Benjamin and Ray share their doubts about another Armstrong recommendation, crypto gaming. While the promise of moving assets from game to game is interesting, both analysts remain skeptical that blockchain assets can be integrated into the existing industry and achieve what matters most with games: having fun. Finally, Marconi asks each team member "What's The Innovation that You Would Bet on?". Kodi goes with private money, Benjamin with onboarding, and Ray, always ready to fly against consensus, goes with better #bitcoin custodial options. In the wrap up, Marconi encourages listeners to take a break from the market, touch grass, and wait for the industry to offer better opportunities. --------------------------------------------------------- 👉 Share your thoughts with the Crypto Enthusiast Survey Hit the subscribe buttons to stay current on these data trends and to be notified when we (finally) go live on video. Follow the team: xChanging Good Studios Espresso Newsletter On Twitter @Marconiwight @MrBenLilly @JlabsJanitor @horushughes @Kodi_thekid @benjamin_skew ## Disclosure Statement This content is for entertainment purposes only. Nothing shared during this broadcast is or should be considered financial advice. The views and thoughts shared here are simply opinions. Do your own research and consult a registered financial advisor before making any investments.