Breaking! Bitcoin Breaks Out As Insane Money Print

Today in crypto Bitcoin has made a big price move, moving back above a key line and even decoupling from major equity markets. On-chain data shows that retail investors might have bought the dip, and of course, more economic insanity is happening as central banks scramble to rearrange the deck chairs on the Titanic. The crypto-lark, this is where you subscribe for all of the hottest and the latest

happening out there in crypto land. So Bitcoin is up around 65% since the lows of last week making a very big move just in the last 24 hours, proving that the Honey Badger can rampage just as aggressively up as it does down sometimes. Bitcoin currently is sitting back above the 200 week moving average, which is definitely nice to see. But don't bust out the champagne just

week and some bullish action for that to happen. Now, we're going to see a lot of things that we can do. But if that does happen, then that would probably signal that many people probably missed one of the best buying opportunities they may ever see for Bitcoin buying under the 200 week moving average. Bitcoin has only dropped below this key line a few times in the

last 11 years and every single time it has happened, it has been a massive buying opportunity for the right group of investors to proper. Mindset that being said, we are far from out of the woods with this crisis. We still need Bitcoin to pump another 37% to $8,448. We even start talking about testing resistance at the 200 day moving average. Now that ascending triangle that we

were talking about the other day on the four hour chart that has actually had a breakout. And we could be looking at a retest of that top line of that ascending triangle for support. Now if it does test and bounce, then we could be looking at some more bullish action on the shorter time frames that might even send the price of Bitcoin back up into the

$8,000 zone in the coming days. But obviously more shock announcements about the virus could easily spoil these plans as the kind of situation that we are in right now. Also, a trending buzz word in the Bitcoin sphere. The last day is the decoupling. Hashtag decoupling. At the moment, traditional markets are continuing to face really uncertain times. We can see here in this chart that the S&P

500 index has actually remained rather flat. That's the orange line on the chart here. But Bitcoin, Bitcoin is just breaking away decoupling from its correlation with the current trends in the stock markets. Very interesting to see that. Obviously, let's see a Bitcoin actually continues to set its own pace and really decouple itself and uncorrelated itself from the stock markets. So we'll have to wait and see

how that works. So let's see how that works. So it's definitely a great chance to get one if you've been on the fence about, oh, should I get the card? Should I not get the card? It's basically at a 30% reduction right now. And of course, when you get that card, you can start earning 2% crypto back rewards plus free Spotify. That's just for the Ruby

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million dollars with a Bitcoin cash up for grabs at a 50% discount. The syndicate sale will take place on the crypto.com exchange on March 31st. Also, the Crypto.com exchange currently has $50,000 worth of rewards up for grabs in their tasos trading competition. So for all the traders out there, there's a good chance to get some sweet bonuses for trading tasos over there over the next few

days. And finally, Bitcoin is offering even bigger insurance coverage for crypto exchange players. So Crypto.com has just announced that they will be increasing their insurance coverage for the company, which is currently around $260 million. So they're going to be increasing it even beyond that, which is definitely nice to see them taking their insurance. So seriously, okay, now let's go ahead and dive into some market daddy

here. So the number of Bitcoin addresses holding 0.1 Bitcoin or more just reach an all time high of $2,919,683. And the number of non zero addresses that might be people with just like 10 bucks worth of Bitcoin that also reach an all time high of $29,521,594. So to all those people who sold $38,000, we thank you for your sacrifice. We will make sure to write stories

about you in 2030 and make monuments to your weekends. Okay, but really what this means is that during this massive sell off retail buyers, they actually came in and they bought the frickin dip man. That is very exciting to see. The increase in small holder addresses, I think, is really, really important for a few days this week. You could get a lot of money. Bitcoin 0.1

Bitcoin for around $500. That was a great deal and a great opportunity for a lot of people who've been on the sidelines to get in. And as a very accessible sum of money for smaller investors, tax middle put into Bitcoin. But at the same time, positions you quite well in terms of being a Bitcoin holder. Now this also largely matches up with data from the last

few days at OTC desks and exchanges like Coinbase. They've been seeing the vast majority of their volume. Falling on the buy side of the market around 75% of our Coinbase, 98% over on the Kaelin Brown, the OTC brokerage. And on March 12th and March 13th, almost nine times the average daily amount of Bitcoin was sent over to exchanges to be sold. And just who were these

people that were selling off all their Bitcoin? Well, it seems to mostly have been traders in big investors. They were the ones responsible for most of that selling action. Because while the amount of Bitcoin that moved to Bitcoin, in and out of exchanges by the smaller size people doing transfers, that's, you know, transfers between 0.1 and up to even 10 Bitcoin, that actually almost doubled since

last week. But actually, it was transfers of between 10 and 1000 Bitcoin that actually were responsible for 75% of the Bitcoin traffic that we saw moving on and off of exchanges. So just take a look at this chart here. It shows you that a lot of the selling was from bigger players, which actually largely adds up to the thesis and some of the things we've been

hearing about, hedge funds, and fidelity customers, and those kind of those more traditional investors actually, of course, dropping risk and moving into cash. So these charts largely went up with that. The Haudlers, they held the Bitcoiners last resort. They're not going back to Fiat. And new traders, they're going to be able to buy retail investors. They showed up and they started to accumulate very, very interesting

data. Now onto our big story of the day, the European Central Bank has now say 750 billion Euro pandemic emergency purchase program. ECB Chief Christine Lgard said that extraordinary times require extraordinary action. There are no limits to our commitment to the Euro. No limits. I heard that right. The government printing presses, they are just starting to get warmed up. There's a lot more money they can

print because there's no bottom to Fiat. They can print it forever. And the last week we've seen huge collapses in the price of equity markets. Many governments around the world are now promising to print money to infinity. They're saying unlimited liquidity is possible if necessary. Zero interest rates were already happening in Europe. Those are probably going to get worse. Bail outs are being proposed for some

of the biggest and the greediest and the most fiscally irresponsible companies. It's just as we crazy. These guys been buying back stocks for the last 10 years. The pump their prices up. And now they need government bailouts. The repo markets, they're getting a trillion dollars a day just in the US. A lot of the repo markets are getting liquidity as well. And liquidity is really dried

up across the board. That's why we're seeing trillions being dropped for stimulus and helicopter money. The money is just a fat, old, broke naked dude. That's it. The current crisis we're facing right now, it actually makes 2008 look like a wall. The clock in the park. The economic implications are just, they're too difficult to even try to imagine. And we're only just entering the first phases

of this crisis. And just look at how much money the central banks have created in just the last week. I've lost count, but it's in the trillions upon trillions. It's quickly becoming monopoly money. And now the US Fed has even announced that they're starting dollar swaps with key partners to ensure the global liquidity of the dollar. $60 billion each for Australia. New Zealand, Korea, Mexico, Singapore,

and Sweden and $30 billion each for Denmark, Norway, and New Zealand. That money was not raised in revenue. That's not tax money. That's not gold money. They just clicked print another half trillion dollars like that. Just the snap of a finger. It's insanity. Now more than ever, it is the time to pay attention to Bitcoin. This is the macro economic event that Bitcoin was made for.

The event that it's been waiting for. This is the fiat scenario that we've all feared was coming. And here it is. We all knew it was coming. You couldn't keep that in Sandy going forever, but they will. They'll keep printing money into nothingness. And this crisis that unfolding is unfolding for us. Of course, terrifying. But Bitcoin can rise from the ashes of this personally speaking and

an economic recession, or even if we go into a depression, I'd much rather have a good percentage of my wealth sitting in Bitcoin. The banks cannot be trusted. The system cannot be trusted. But Bitcoin, Bitcoin can be trusted. Bitcoin is truly the shining city on the hill of finance whose beacon light will guide the freedom of people of the world everywhere away from the darkness and

dysfunction of fiat. And of course, into the age of economic enlightenment and personal economic freedom. Bitcoin will free people from the shackles and the depraved. And of course, I hope that you're having an excellent day out there. I hope that you're staying safe out there. Obviously, the most important thing. Take care of yourself. Take care of your family. Take care of your health. Make sure to

tune in tomorrow as well. I just recorded an awesome chat with you. Bitcoin miner actually breaking down how the virus is affecting Bitcoin mining and how the having might actually play out. And what it means for smaller miners. Also, if you're new to crypto or maybe you know someone who is new to crypto, then check out my course, which is designed specifically for these ginsers. It

is called crypto currency explained. It will teach you all the basics that you need to know about Bitcoin and how to get started. There's a link down below where you can find out more about. That long live the blockchain. And peace out the next time.