Can Bitcoin Go Any Lower? Potential Black Swans To Look For!
The Bitcoin price has seen a lot of volatility after the collapse of FTX, but can Bitcoin go any lower at this point?! In this video Connor discusses the possibilities that have a decent probability of actually playing out that can take the price of BTC to new lows for this bear market. Bitcoin Miners appear to be in trouble as the hash rate difficulty continues to rise and the price continues to drop. This may force miners to capitulate and sell their holdings to cover their operational costs, causing a lot of selling pressure on the market. Also the Stock Market looks shaky as interest rates continue to rise, layoffs continue to be announced, and companies profit margins are shrinking. Watch this video to understand what may play out in the crypto markets before the end of the year!
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On Chain Data: https://checkonchain.com/
Timestamps
0:00 Intro
0:59 Black Friday Special!
1:25 Market Cap Overview
1:41 Bitcoin Technical Analysis
3:04 BTC Miner Capitulation
5:59 FTX Collapse After Math
6:59 Will Stocks Crash?
9:02 ETH Technical Analysis
9:29 Long Term Outlook
10:48 Closing Summary
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