On this week’s episode of Market Talks, we welcome Rekt Capital, a cryptocurrency analyst who shares macro research, commentary and technical analysis related to the cryptocurrency markets. It publishes a popular newsletter and offers courses that help educate traders on how to make informed decisions when buying and selling cryptocurrencies. It has more than 328,000 followers across its various social media platforms, many of whom are prominent individuals, including big names like Binance CEO Changpeng Zhao.
First of all, we have officially entered the fourth quarter of 2022, and more importantly, October, which has historically been a bullish month for cryptocurrencies. We ask Rekt Capital if he thinks this trend is likely to continue or if we are headed for more downside for Bitcoin (BTC). Will we stay above $20,000 or head towards $17,000?
Let’s take a look at where Bitcoin’s bottom can be found by looking at historical data and analysis to try and figure out one of the main questions on everyone’s mind. We also discuss whether Bitcoin needs a major catalyst to finally break out of this bear market and what that might be.
There has been a growing correlation between Bitcoin and the S&P 500, but how long will this last and is a decoupling on the horizon? We just witnessed a historic moment in cryptography with Ethereum merging from a proof-of-work to a proof-of-stake consensus. Many expected this to be a change in the current market trend, but it was a fairly uneventful transition, even in terms of pricing. We have Rekt’s thoughts on this and also what he sees in the future for Ether (ETH).
Many are fearful of current market conditions, with Bitcoin’s fear and greed index at an all-time low, but some might see this as a buying opportunity, especially given that the Federal Reserve America is going to have to pivot at some point and start easing up. interest rates, which could be bullish news for Bitcoin. Should you use this time to stack seats or stay on the sidelines? We’ve got the experts to break it down for you.
Other topics of discussion are which altcoins to watch going forward and what is the best strategy to use right now. So, make sure you stay connected to stay informed and up to date with the latest information.
Tune in to hear your voice. We’ll be taking your questions and comments throughout the show, so be sure to have them ready.
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