Bitcoin's Next Move Revealed: World Liberty Fallout & Why Cardano, DOT, AVAX May Never Recover

"And so right here at around $117,000 is the next big resistance that I could see. And so once we come up here, I'm going to start being very very cautious and I'll probably just like exit my positions because if you do look at the weekly chart, this candle right here is really really bad. It's a very uh bearish long wick candle at the top that put in a sweep of the previous highs. It's just bad looking all around. But that doesn't mean that we can't come up to at least this big cluster and this big support resistance area before we actually start to go back down. If we end up going back down or maybe some news will come out and we'll end up just pumping even harder and making new all-time highs."

"So the rate the rate cut probabilities jumped uh on poly market in in indeed in the CME futures rate uh predictions of futures pricing there's 0% chance there's not going to be a cut so there will be a cut now it's 90% chance with 25 basis points and 10% chance of 50"

"and indeed even some analysts at the likes of Bank of America which were previously saying we we would have no rate cuts have come out and said we have this year we have will have two"

"So, this is going to be decided in October, I believe, right?"

"So um assuming the rankings remain the same that would mean an expansion of total which is the total crypto market cap by 3.7 times current to currently the total market cap is at $3.7 trillion in total crypto market cap So look this is an interesting chart. It's the total crypto market cap over time and it shows the increase in the total market cap from pre two previous cycles from 2014 to the 2017 top and then from the 2017 top until 2021. So in the first cycle it grew by 37 times. Second cycle it grew by four times. So we have that diminishing returns. You see that for Bitcoin. You'll see it for the total crypto market cap. So you remember we need to increase the total market cap by 3.7 times. Right. Assuming that Cardono remains the same in terms of where it is in rankings. Mhm. But the previous cycle grew by four times. Okay. So it's a it's a fairly big ask."

"So TLDDR is it is it would be difficult to reach that all-time high given the total market cap potential for this cycle. Yeah. Doesn't mean that ADA doesn't have potential. Doesn't mean it can't rally. Probably will go through its previous high in November of 1.5."

"there's speculation around a big announcement today uh guy. So potentially rolls out version one. Yes, I was I was kind of looking I was digging a bit more into this that there's kind of rumors that Polka Dot is going to announce make a big announcement today some people speculating it could be, you know, perhaps the launch or at least news of kind of Polka Dot 2.0. Um, Polka Dot itself, last time I checked, hadn't hadn't sort of tweeted about this or if they had, they'd uh they deleted it. Um, so that is still kind of uh speculative, but nonetheless, there is still an awful lot going on in the Polka Dot ecosystem."

"Gayscale has refiled its S1 ETF application for a Polka Dot ETF. Yep. I think this is important to note as well because this isn't one of these, you know, sort of these um companies that you've never heard of filing for a sort of random one. This is Grayscale. You know, this is what Grayscale do. Um so this is, you know, perhaps one of the more serious ETF ETF filings that we've seen and uh you know that could that could very well be big for DOT. Again, that I think is going to be approved sort of October, November time, approved or or disapproved."

"polka dot is down 93% from an all-time high m put differently it needs to rally about 14 times to reach its previous high"

"so potentially in the short term, we could have, you know, Avalanche and Avac could have potential, but don't count on it hitting the previous all-time high."

"That's on September 10th PPI. This is the producer price inflation and that's the precursor to the big day which is September the 11th which is the CPI number expected of 2.9% on the headline versus 2.7 previous and then the core um the core CPI number in terms of yearon-year is 3.1% versus 3.1% previous. So obviously this could line up expectations in terms of what's going to happen with monetary policy. So everyone's going to be keeping their eyes on that. So mark those dates."

"World coin. And this is pumping thanks none other to Mr. Tom Lee merely just quote tweeting Sam Altman. Yeah. Uh he reposted another tweet which I couldn't find going back through his timeline, but he he reposted something more specifically about Worldcoin as well."

"if it falls down, I do like this area right here around, you know, 0.36 to 0.34 simply because I believe it was on the daily chart. You could see big resistance right here, big support right here, big resistance right here, big resistance right here. What happens to big resistances? They turn into big supports just like what we saw with Bitcoin. So, if it comes back down there, that's where I'll be buying it. But right now, it's up way too much. And I think that there's other coins that are better value than this, considering that this only has 37 38% left to go in it before it reaches the all-time highs."

"So, if you were thinking about gambling on World Liberty Finance, it's actually probably the best opportunity to do that. But remember, this is a Trump coin. And just look at what look at all of the coins that Trump has launched and what has happened to them. So, are you really going to be, you know, gambling on this? Do you really want to do that? I don't know. If you do, though, I would probably put a stop either either down here or maybe even have it tighter and be over here. Um, but yeah, if it falls underneath the lows and closes underneath here at uh.176, then you just need to get out of it because it could be literally a bottomless pit of despair. If it closes underneath here, okay, but right now, if we see a bullish formation on maybe a lower time frame, then, you know, taking a shot at it might not be the worst thing. if this is the coin that you want to trade."

"So the rate the rate cut probabilities jumped uh on poly market in in indeed in the CME futures rate uh predictions of futures pricing there's 0% chance there's not going to be a cut so there will be a cut now it's 90% chance with 25 basis points and 10% chance of 50 and indeed even some analysts at the likes of Bank of America which were previously saying we we would have no rate cuts have come out and said we have this year we have will have two"

"So right here at around $117,000 is the next big resistance that I could see."

"Again, that I think is going to be approved sort of October, November time, approved or or disapproved."

"Um but be that as it may in terms of potential short-term price action, it seems like a lot of predictions out there for 2025 have a price target between 25 to 35."

"So, generally the bull market support band is seen as uh the trend which of which it is still above the bull market support band. We technically still in a bull market."

"So if you were thinking about gambling on World Liberty Finance, it's actually probably the best opportunity to do that. But remember, this is a Trump coin. And just look at what look at all of the coins that Trump has launched and what has happened to them. So, are you really going to be, you know, gambling on this? Do you really want to do that? I don't know. If you do, though, I would probably put a stop either either down here or maybe even have it tighter and be over here. Um, but yeah, if it falls underneath the lows and closes underneath here at .176, then you just need to get out of it"

"So TLDDR is it is it would be difficult to reach that all-time high given the total market cap potential for this cycle. Yeah. Doesn't mean that ADA doesn't have potential. Doesn't mean it can't rally. Probably will go through its previous high in November of 1.5. It's just the previous all-time high is a difficult number."

"That is a that is a I mean a 14x on anything you know certainly anything you know the top 10 is like in the top 120 or whatever it's at right now that is that is a very very big ask"

"Uh, it's also diffic I mean, it's still a relatively high market cap. I think it's like 15. So, again, it's it's difficult to hit that all-time high? Uh, but be that as it may in terms of potential short-term price action, it seems like a lot of predictions out there for 2025 have a price target between 25 to 35."

"So, uh so the jobs opening being lower that kind of set talk about maybe you know a better environment for rate cuts. Right. Exactly. And we'll get and speaking about the jobs market we'll get to Friday which is a big one in a bit but uh Bitcoin managed to break above 112K again, you know, another key it was a key resistance level because it was the 50-day moving average. It was the previous May high. So, that was an important level to break."

"So, uh the rate the rate cut probabilities jumped uh on poly market in in indeed in the CME futures rate uh predictions of futures pricing there's 0% chance there's not going to be a cut so there will be a cut now it's 90% chance with 25 basis points and 10% chance of 50"

"Um, and there's also been uh technology upgrades, Plutous improvements and new core releases and wallet infrastructure has been improved too. There's a new version of the Dalus wallet, Dedalus wallet coming out um which enhances user access. Um and of course there's also been um the upcoming launch of the midnight privacy chain as well. Yeah, exactly. And Charles also going full steam ahead with LOS, the LEOS upgrade to make Cardono even faster, right?"

"So you know look there is certainly a heck of a lot going on with Polka Dot. There are some really interesting projects in Polka Dot's ecosystem as well. Um Peak is one that springs to mind. That's one that we here at the coin bureau invested in. Um I'm hoping to actually do an interview with Peak's founder with Leo. Yeah, very soon."

"Uh, there was also a recently announced partnership with Toyota to develop a robo taxi network. Yeah, it's quite an interesting story that like it's one of these sort of classic announcements, you know, partnership announcements and stuff that it can sometimes, you know, be a bit of a nothing burger, but um it certainly shows that, you know, there is big corporate interest outside, you know, outside of the crypto space in in Avalanche and kind of crypto more broadly."

"World coin. Oh, and this is pumping thanks none other to Mr. Tom Lee merely just quote tweeting Sam Altman."

"And this is the buybacks. This is all with regards to the buybacks and incentives. Yeah. So they've they they're also adding some creator incentives as well. I mean credit to them. They seem to have taken a lot of the criticism on board. They seem to be kind of going down with revenue. They now seem to be going down the hyperlquid route of basically funneling as much revenue as possible into buying back the token. Um, and it seems to be working."

"And as long as we keep on doing that, we're good to go and we're still in an uptrend and there's nothing to worry about in my opinion. However, if we close underneath this higher low, that will be very very concerning. And uh it doesn't look like we're doing that right now. So, we're good to go right now."

"This right here was the previous resistance, resistance, resistance. And what happens to big resistance levels? They turn into support. And that is exactly what is happening right now. It's turning into support. and we are bouncing off of it."

"And not only that, but this also is the 2024 all-time high right here. December 17th, that was the all-time high of 2024 and we're bouncing off of there. So, there's a lot of confluence right in this area. If we do lose this, obviously I would be a little worried and I would just wait for a bullish setup to form or if we come down here to that equal low area, then I would definitely want to be buying just spot Bitcoin right down here as well."

"If you do look at the weekly chart, this candle right here is really really bad. It's a very uh bearish long wick candle at the top that put in a sweep of the previous highs. It's just bad looking all around."

"I don't like to buy when we're above the 50% because that is what is known as a premium zone. I like to buy in the discount zone, okay? Underneath the 50%. So, personally, I'm not going to be touching this unless it happens to fall. And if it falls down, I do like this area right here around, you know, 0.36 to 0.34"

"So if you were thinking about gambling on World Liberty Finance, it's actually probably the best opportunity to do that. But remember, this is a Trump coin. And just look at what look at all of the coins that Trump has launched and what has happened to them. So, are you really going to be, you know, gambling on this? Do you really want to do that? I don't know. If you do, though, I would probably put a stop either either down here or maybe even have it tighter and be over here. Um, but yeah, if it falls underneath the lows and closes underneath here at .176, then you just need to get out of it"

"And Ben goes and replies with a a chart of um Bitcoin of Litecoin versus Bitcoin, and it appears to be down only. And he says, quote, "The quiet part.""

"So two very important economic dates, economic data points and releases. That's on September 10th PPI. This is the producer price inflation and that's the precursor to the big day which is September the 11th which is the CPI number expected of 2.9% on the headline versus 2.7 previous and then the core um the core CPI number in terms of yearon-year is 3.1% versus 3.1% previous."

"And then on September 14th, uh this is also very interesting. There's a vote um in hyperlquids forums uh in terms of the validators must vote in ter on what stable coin provider they want to use for their own proprietary stable coin. The infra behind it. So it's quite interesting because they're moving they're thinking about moving away from USDC to their own native stable coin."