Officially in Cutting Cycle, How Bitcoin, Altcoin Market and Stocks Responded with the Last Change

Summary

In this video, the Blockchain Backer discusses the impact of the Federal Reserve's decision to lower the federal funds rate on cryptocurrency markets. He analyzes Bitcoin's price chart, noting the market's green trend post-FOMC meeting. The video delves into historical market responses to rate changes, drawing parallels to past cycles and speculating on potential future market behavior. The presenter also highlights the significance of the 50-day moving average and the Russell 2000 index in gauging market direction, suggesting a possible short-lived rally following the rate cut.

Takeaways

• 📉 The Federal Reserve lowered the federal funds rate by half a percentage point, which typically influences financial markets including cryptocurrencies.
• 🟢 Post-FOMC meeting, cryptocurrency markets showed green with Bitcoin on the move, suggesting a positive reaction to the rate cut.
• 📈 Stock indices like the Russell 2000, NASDAQ, Dow, and S&P were up in pre-market, indicating a broader market optimism following the rate decision.
• 🤔 The video discusses the potential retracement levels for Bitcoin, pondering how deep the correction might go and the significance of historical retracement points.
• 📊 The presenter references past market structures and behaviors, particularly around the 50-week moving average, to draw parallels and predict future market movements.
• 📚 Historical analysis is used to examine how markets have reacted to past rate hikes and cuts, with the suggestion that cuts can sometimes precede market rallies.
• 🚀 The video speculates on the speed at which market movements can occur, noting that significant changes can happen rapidly, within a matter of days.
• 📝 The concept of 'this time is different' is addressed, suggesting that while market participants often believe each cycle is unique, historical patterns can still provide insights.
• 👀 The presenter emphasizes the importance of monitoring the Russell 2000 index as a key indicator of market sentiment and potential future trends.
• ⏰ The video concludes with a reminder of the swift and sometimes unpredictable nature of market movements, urging viewers to stay vigilant and informed.

Q & A

What was the main topic of discussion in the video?

The main topic of discussion was the Bitcoin price chart and the impact of the Federal Reserve's decision to lower the federal funds rate by half a percentage point on cryptocurrency markets.

What significant event occurred in the financial markets that the video discusses?

The video discusses the Federal Open Market Committee (FOMC) meeting where the Federal Reserve decided to lower the federal funds rate, which had been paused for a year and two months.

How did the cryptocurrency markets react to the FOMC meeting's outcome?

The cryptocurrency markets showed positive reactions, with Bitcoin and other cryptocurrencies experiencing an uptick in value, as indicated by the green markets.

What was the presenter's stance on the potential retracement of Bitcoin's price?

The presenter was cautious about committing to a specific retracement level for Bitcoin, noting that past market behaviors and structural patterns were not definitive indicators of future movements.

What historical price action did the presenter compare the current Bitcoin situation to?

The presenter compared the current Bitcoin situation to historical price actions, particularly focusing on retracements to the 50-week moving average and the market's behavior during previous rate hike and cut cycles.

What is the significance of the 50-week moving average in the context of the video?

The 50-week moving average is significant as it has historically acted as a support or resistance level. The presenter noted that Bitcoin has previously tested this level during key market turns.

What was the presenter's view on the market's response to past Federal Reserve rate cuts?

The presenter suggested that while past rate cuts have sometimes been followed by market rallies, the duration of these rallies is not predictable and historically has not necessarily implied a long-term bullish trend.

What was the presenter's advice regarding the potential for a rapid market move?

The presenter advised that market moves can happen quickly and emphasized the importance of being attentive to market signals, particularly if certain technical levels are breached.

How did the presenter address the concept of 'this time is different' in the market?

The presenter acknowledged the common phrase 'this time is different' used by retail investors, but argued that there are unique characteristics and behaviors in the current market cycle that differentiate it from past cycles.

What resources did the presenter mention for further education on market analysis?

The presenter mentioned a newsletter on Substack, a website (BCB backer.com) for educational content on market analysis, and his YouTube channel for video content.

Outlines

00:00

📈 Market Reaction to FOMC Meeting and Bitcoin Price Analysis

The speaker, 'the blockchain backer', discusses the immediate aftermath of the FOMC meeting where the Federal Reserve decided to lower the federal funds rate by half a percentage point. This marks the end of a year and two-month pause. The cryptocurrency markets, including Bitcoin, are experiencing a positive trend in response. The speaker also mentions the performance of the Russell 2000, NASDAQ, Dow, and S&P in pre-market, hinting at a broader market optimism. They reference a previous lengthy video where historical market structures were analyzed, and speculate on the potential duration and depth of market retracements. The discussion includes technical analysis, focusing on the 200-day moving average and its historical significance in market movements.

05:01

🔍 Historical Market Behavior Post-Fed Decisions

The speaker delves into historical market behavior following Federal Reserve rate decisions, focusing on how the market responded to past rate hikes and cuts. They highlight that during the last two cutting periods, the market rallied after the cuts began, suggesting a possible pattern. The discussion includes the significance of the 50-week moving average as a potential support level. The speaker also reflects on the rapid changes in market sentiment and the swiftness with which market tops can form, using examples from 2021 and 2022 to illustrate the point. They emphasize the importance of being cautious and prepared for quick market movements, especially in the context of the Fed's decisions.

10:01

🚀 Speculation on Market Trends and Investor Sentiment

The speaker speculates on potential market trends, considering the impact of the Fed's rate cut on investor sentiment and market dynamics. They discuss the possibility of a short-lived rally following the rate cut and compare it to the market's behavior during the hiking cycle. The speaker also touches on the concept of 'this time is different,' a phrase often used by retail investors, and argues that while each market cycle has its unique characteristics, historical patterns can still provide valuable insights. They mention the potential for a rapid market move if certain technical levels are breached, such as the 50-week moving average, and the importance of monitoring these levels closely.

15:02

🌟 Market Outlook and Final Thoughts

In the final paragraph, the speaker summarizes the market outlook, emphasizing the importance of watching for a breakout in the Russell 2000 index as a key indicator of market direction. They also reflect on the significance of the Fed's rate cut and its potential to catalyze market movement. The speaker acknowledges the excitement and anticipation surrounding the Fed's decision, suggesting that it could be a pivotal moment for market participants. They conclude by encouraging viewers to stay informed, consider different perspectives, and remain vigilant in their market analysis. The speaker also promotes their newsletter and educational resources, offering further insights into market behavior and technical analysis.

Keywords

💡Bitcoin

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries. In the video, Bitcoin is a central theme as the speaker discusses its price chart and market behavior in relation to Federal Reserve decisions.

💡Federal Reserve

The Federal Reserve, often referred to as the Fed, is the central banking system of the United States. It plays a key role in the video as the speaker discusses how the Fed's decision to lower the federal funds rate impacts cryptocurrency markets, particularly Bitcoin.

💡FOMC meeting

The Federal Open Market Committee (FOMC) meeting is where the Fed makes decisions about monetary policy, including interest rates. In the video, the outcome of the FOMC meeting is a pivotal event that the speaker believes will influence the direction of Bitcoin and other cryptocurrency prices.

💡Federal funds rate

The federal funds rate is the interest rate at which depository institutions lend balances to other banks overnight. The speaker in the video discusses the Fed's decision to lower this rate, which typically influences the economy and financial markets, including cryptocurrencies.

💡Retracement

In financial markets, a retracement refers to a price movement opposite to the most recent trend. The speaker uses this term to discuss potential price movements in Bitcoin and how they might relate to historical market patterns and the Fed's actions.

💡Russell 2000

The Russell 2000 Index is a stock market index that tracks the performance of the smallest 2000 companies in the Russell 3000 Index. The speaker mentions the Russell 2000 in the context of pre-market performance, indicating its relevance to broader market sentiment and its potential influence on cryptocurrency markets.

💡Moving average

A moving average is a technical analysis indicator that helps smooth out price action by filtering out the noise of random short-term price fluctuations. The speaker refers to the 200-day and 50-week moving averages to analyze Bitcoin's price trends and potential support or resistance levels.

💡Confluence

In technical analysis, confluence refers to the meeting of two or more technical indicators or patterns at the same point in time or price. The speaker discusses confluence in the context of various market indicators aligning, which might suggest a significant market move for Bitcoin.

💡Rally

A rally in financial markets refers to a sustained rise in prices. The video discusses the potential for a rally in the cryptocurrency market following the Fed's rate cut decision, drawing parallels to historical market behavior.

💡Recession

A recession is a significant decline in economic activity that lasts more than a few months. The speaker mentions the possibility of a recession as a potential outcome following the Fed's rate cut, which historically has been a sign of economic weakness.

💡Market structure

Market structure in the context of the video refers to the underlying patterns and trends that define how a market behaves over time. The speaker analyzes Bitcoin's market structure to predict future price movements and compares current conditions to past market cycles.

Highlights

Bitcoin price chart analysis following the Federal Reserve's decision to lower the federal funds rate.

Cryptocurrency markets show green with the Russell 2000, NASDAQ, Dow, and S&P all up in pre-market.

Discussion on the market's structural playout as imagined back in November of the previous year.

The million-dollar question about the duration of market stability before another move and the depth of a potential retracement.

Historical retracement patterns and their significance in the current Bitcoin market situation.

The 200-day moving average as a key technical indicator in past market movements.

The potential for a short-lived rally following the Federal Reserve's rate cut, based on historical market responses.

The importance of the 50-week moving average in market analysis and its role in past Bitcoin price actions.

The comparison between the current market structure and previous cycles, specifically the inverse pattern.

The significance of the Federal Reserve's rate decisions in the context of market history and potential future movements.

The concept of market sentiment flipping rapidly and the potential for quick market turnarounds.

The impact of retail investor behavior on market tops and the experience of retail arrival in 2021.

The potential for a fast market move and the importance of being prepared for rapid changes.

The role of dominance and safety trades in market analysis and their indicators for market direction.

The difference between this market cycle and previous ones, and the implications for investors.

The importance of recognizing market signals and the potential for a quick market move following the Federal Reserve's rate cut.

The significance of the number of live viewers during market events and its potential as a reversal marker.

The availability of educational resources for setting up charts and understanding market behavior.

Final thoughts on the current market situation, the potential for excitement, and the importance of staying informed.

Transcripts

hey what's going on everybody this is

the blockchain backer bringing you the

latest cryptocurrency news and Analysis

today we'll be talking about the Bitcoin

price chart as we're coming off of

yesterday's fomc meeting where the

Federal Reserve lowered the federal

funds rate by half of a percentage point

after being paused for a year and 2

months we've got some green

cryptocurrency markets heading into the

next day we've got the Russell 2000 up

2% here in pre-market as I'm recording

right now you got the NASDAQ up 2% you

got the Dow up 1% and the S&P up 1.5% in

pre-market still not a breakout of

retracements yet for the Russell but

definitely dancing with it and of course

Bitcoin on the move at the same time now

if you caught the video that was put out

on Monday it was quite long if I had to

guess that was one of the top five

longest videos I've ever put out we

spent a lot of time talking about things

that we had discussed back in November

of last year on kind of imagining how

the market could play out structurally

we saw that happen over here on bitcoin

we're just looking at it from an inverse

perspective in here now the

million-dollar question is how long are

we going to have to Waddle in here

before another move could happen and how

deep does a retracement have to go in in

here like so or is that good enough and

again flipping that over giving you

something like that right it's hard for

me personally to be really committal on

which one has to happen because even in

this one I knew Bitcoin was in a bare

Market at that time but even I expected

a higher retracement to come out in here

before it would turn over instead of

only going back to the 382 retracement

which if you look now for Bitcoin it's

really how high it's gotten or how low

it's gotten as if it's already done that

far of a move now there were interesting

things about the retracement that

happened back in here before this turned

over and that is this was going back to

the 200 day moving average and it was a

pinpoint hit and then boom down and away

it went you go back and look at the same

thing this is the exact same structure

in here 200 day moving average slightly

short but that's where it stops and then

boom off and away it goes you look over

to today's price action we don't really

have anything resembling that at all as

what you would really be looking for is

the 200 day moving average being down

here on the downside and you whip it and

then bounce right off of it and go right

but we talked about this in markets in

the morning yesterday and during the FED

meeting is that things that actually

were very interesting about that moment

and about that moment is they were

actually back test as well of the 50 we

moving average in there so here we are

talking about this and that's the 50e

moving average coming back to test and

then rejection and well what have we

gotten to right here we've gotten back

to the 50 we moving average so

contextually these also hitting the 50e

moving average as in here at the same

time so it's an interesting Confluence

to see that but another thing of course

on that topic of the fed and what

happens whenever rate hikes happen

whatever happens whenever rate Cuts

happened we really just have to kind of

look back through history and see how

did the market respond to when hiking or

when cutting or pausing has happened for

over a year we talked a lot about what

could happen during a pause and what

we've seen before and really we got

exactly that when it came to the Dow

Jones Industrial Average it was able to

break out of its all-time high when the

pause of the federal funds rate was

happening we need to look at that

because that's exactly what happened

back before the great financial crisis

is that during the pause we saw the

market rip off into new highs and that's

exactly what we saw happen in here so

now the question comes of well now that

the cut has started what comes next your

guess is as good as mine but when we

look through historical behaviors we can

try tow a conclusion based on it and the

point of this is not to scare you for

those who have seen what happens next is

that typically this is marking that hey

a recession isn't too far away but the

last couple of cutting Cycles when Cuts

happen the markets can kind of rally for

a couple of months we've talked about

that many times I've written about that

in newsletters that even here in 2019

and 20 we see that happening here after

the cuts that you still got a couple of

months of a rally to go on in here but

the reason why I brought this up in here

when we're talking about fed and the day

after the FED cut is that we're talking

about the Confluence of these structures

and how they happened in here and

getting back to this 50e moving average

and that this whole price structure in

here is essentially the same price

structure just inversed which is why

we're looking at it in that manner then

debating how high does this thing have

to retrace how far does it have to go

and saying well here's technical things

that happened last time to insinuate how

far it had to go whether it was here in

2022 where it went back to the 50e

moving average or if it was back over

here in 2018 where it goes back to the

50e moving average coming off of the

exact same style Behavior many of you

know this like we looked at this at the

top of 2021 over and over again saying

look we're doing a bare Market structure

here from the peak of the market here at

the very top and in both circumstances

they go back to the 50 we moving average

and so we look at it from this

perspective and say hey look we're doing

that structure just the opposite

direction and both times they go back to

the 50e moving average and we are this

time we went back to the 50e moving

average which just on the top side of it

but how does that tie into the fed well

we know that historically at least in

the last 25 years and specifically the

last two cutting periods there was some

type of rally that happened after the

cuts began but not only that we actually

see this right we're focusing on this

we're focusing on you know can we go

ahead and use this level as an actual

support and then use Confluence of fed

rates at that same time and it was very

interesting of what happened there

because here we are talking about the

50e moving average we're talking about

the structure we're talking about the

50e moving average and what happens when

we get back here the First Rate hike and

what happens is we're here the first cut

right falls back hike rates crash falls

back Cuts rates crash but that wouldn't

be a crash because this is

inverted that'd be a run you get what

I'm saying but even in the circumstance

in here it's very interesting to look at

it from the perspective of time we've

constantly talked about that you know if

things kick in they can happen very

quickly they can happen and a blink of

an eye and then it's all over and even

when you look at it through this

perspective of how things happened back

in 2022 once those cuts happened and

then once the crashes started kicking in

well once this thing started kicking in

this whole fall only lasts 81 days that

is the full-blown whole move of the

whole thing the FED hikes 81 days of

absolute craziness to the downside and

that's the end of the move and to this

day that Still Remains the low of the

altcoin market it's the low of ethereum

binance coin xrp Litecoin sure there's

some that have set lowers but your

Majors that's the low right in there

Tron 81 days and then it was all over in

regards to downside price action but

what happened after that what happened

after those 81 days right throw the

Russell 2000 on there to look at it from

that for that perspective as well right

same thing it's just the whole Market

going down that's it that's capitulation

that's the end of the move but then you

go on for a year and a half of the

Market's still thinking we're going to

go lower and I don't know if that's

what's going to happen here I don't know

if it's going to be some 80-day run to

the upside of insanity and then we spend

a whole year just sitting there and the

whole Market is completely convinced for

a whole year screaming that we're going

to go higher right it's plausible it's

possible but you reflect back on it and

remember it was only 81 days the hike

happens the hiking cycle keeps going but

it was just that period right there in

the hiking cycle where prices kept

crashing from the market all recovered

during the rest of it and I bring that

up to just say you know if the cut has

now happened and there's some type of

big move where we're back at the 50e

moving average we're back at the 50e

moving average if this thing took this

out finally do you like honestly believe

that there not going to be constantly

foryear cycle we have until December of

2025 this thing is just starting we're

just going I think that would be the

narrative no doubt in my mind that would

be the narrative out there but that's

not what it would imply with a Fed rate

cut from what we've seen that a

short-lived rally afterwards and it

wouldn't imply even what we actually saw

during the hiking cycle where it was

only 81 days later that the market

crashed right so like if hike equals

crash and then if cut equals blastoff

while hike led to 81 day crash would cut

equal 81 day rally you know what I mean

no do I think it's going to be 81 days

no absolutely not I have no clue how

many days it's going to be but I don't

think it implies years or a year and a

half or anything like that right and

like I've got this dominance stuff here

on the screen we talk about this all the

time that when this move happened this

is how shortlived the 2021 Bull Run was

and if you had something like that

happen just even from right here you

know it would still be this year and

it's all over you give yourself a little

bit of the benefit of that you say fine

nothing's going to happen in this market

we're not even going to see anything

break out till January of 2025 still you

know you've got until March right these

are hypotheticals I don't think any of

these things matter I'm picking these

particular dates but what I saying is

that if this breakdown structure

actually happens which it certainly

looks like it wants to and I'm betting

on it that it's going to I'm placing my

bets that way you fall all the way down

here and if you do it quickly that's it

that's the end of the market and like I

get it there should be like hey fed fed

hike bull market blah blah blah right

and I I don't really do that because I I

tried to think in advance before things

get too excited and how people are going

to be reacting like what we saw with the

altcoin market getting back to the 702

retracement that became irrational

Euphoria irrational exuberance extreme

risk-taking meme coins and all that

stuff and then we get in the thick of

that moment all original thoughts get

thrown out the window cuz the excitement

comes right and I I think if this ended

ended up happening in here we would

actually see retail finally arrive and

that was a crazy experience for me in

2021 because I was making YouTube videos

here in

2019 we went through all the trash of

2019 we go through c19 in 20120 we go

through right I mean the one of the

craziest times ever and then it takes us

getting out and it's not until we get

out that finally retail came and it was

just a an insane experience to be like

that to like have to go through

everything to get back up and then

retail comes in at the very top right

your uncle buying Dogecoin right family

members you haven't heard from Forever

are texting you saying Hey how do I buy

this what do you think of that that

doesn't happen till the very top and

like one last point on that topic of

like how fast things can happen and that

you know the the sentiment of this

Market can flip on a dime we have spent

time talking about looking at Sala from

back in 2020 and 2021 and looking at

other assets and one of them ISU I

originally brought this up on the

channel whenu was like 56 cents and even

till now it's still continuing to do

exactly that and if you even just

assumed s right here is like Salena

right here and escrapulate that out on

how much time elapsed before the top of

the market came in this is like the true

technical top of the market and even in

here it was only 130 days go out 130

days from now that's like four and a

half months you may be thinking oh yeah

but salanta kept going yeah but most of

the market didn't most of the market

topped back here when Elon Musk goes on

Saturday Night Live which was only 119

days xrp topped even earlier than that

which would have been 95 days right

Litecoin you name it this is the top of

the market for 90% of the market right

in here and that lands between 95 to 120

days post the this moment like we're

talking about here and so it's just

another one of those things to kind of

just keep in mind so a lot of the point

of this video is not necessarily to talk

about what it would be like if a top

came in it's more to focus on just those

kind of Confluence things that are

happening in here that structurally hey

you know we're looking for a lot of

these structures to play out this was

the finishing move this was the

finishing move in the crypto Market

that's where the altcoin market hits the

702 retracement how far back do we have

to retrace is what we're trying to

figure out in here and confluences that

we saw were going back to the 50e moving

average in both circumstances where

we've done that we've already gotten

back to the 50e moving average and a

Confluence of an actual event that took

place was that we hiked when we got back

to the 50e moving average and now we're

cutting as we've gotten back to the 50e

moving average and if things take off

they could be really fast and that's

something we always talk about but the

thing that would really be the thing

I'll be paying attention to and

communicating to is if this thing

finally breaks down which is the safety

tra dominance and if that breaks down

then it's like game on and then if we

get way down in here where it's like

around 65 to 68% or so then we go right

back to all that stuff again where

everybody's irrational everybody's YOLO

everybody's chastising bears and then

I'll be coming out and saying hey I

selling again and uh you you know how it

goes I I sure have a weird way of making

hype

videos that you know things are looking

good right things are looking positive

you know these are similar things that

have happened and we we've seen them in

before again this time is different uh

we've seen that so far we've seen that

with this altcoin Market that right

doesn't enter the banana Zone at the 702

which is what of course is what happened

back in 2020 and 21 as you get back

there and you you head on out this is a

different Market I fully believe it's a

different Market than what people are

used to I think that's why so many

people have been tricked all around this

thing when it comes to expecting 12K

back in 2022 and 2023 or why it's been 6

months since Bitcoin hit the all-time

high and hasn't broken out yet or why

the S&P NASDAQ and DOW are all in new

all-time Highs but the Russell just

can't get into any type of expansion or

any type of breath yet unlike 2013 2017

and 2021 that the game is different this

time I don't think it's entirely

impossible to navigate as I wouldn't

have these ideas if they weren't

something that we've seen before and

that the market would throw some

curveballs in there to what people would

think but if the rate Cuts lead to any

type of price action to happen in there

it's also interesting to look back and

say hey well what happened the opposite

way what happened when the hikes started

how long was the move that happened in

there was only 80 days and for those who

aren't used to that type of stuff just

kind of looking at it through this

perspective what does it look like for a

matter of 80 Days right even right in

here right that one 102 right we're

using these examples in here on swe

being like 95 to 20 this is what the

market did in 2021 in a matter of 102

days all of that so again I have a weird

way to make hype videos I don't know

what's wrong with me but I find this

very interesting that as we get back

here that's where we had a rate decision

that's where we have a rate decision and

we'll see how things go but ultimately I

think this is the thing that tells us

the story whenever things are reaching

their end and it doesn't appear that

we're anywhere near that yet but there

we go it is official fed funds rate has

been cut by half a percentage Point

there's been so many videos and news

articles saying this is pump time for

the market in the end that Russell I

still think is the deciding factor and

if this thing gets out we're probably in

for a world of excitement till then we

still just wait but so far there's been

some green so we'll see how it goes but

all right that's going to be it for this

one guys I hope that you're having a

wonderful day boy we had a lot of

viewers over there in the live stream

yesterday someone asked hey do you think

that many live viewers is a a bad sign

uh in markets in the morning we did that

a lot whenever we noticed an extreme

amount of viewership that was typically

a marker of a reversal we saw that with

xrp we saw that with Bitcoin back in

March and with the crypto Market that

when we were in those final days of

reaching that 702 retracement those

final days of Bitcoin viewership like

doubled and tripled during those days

typically a Fed meeting is going to have

about 3,000 4,000 viewers in it we were

knocking on 6000 door yesterday but I

really think that is just because it was

a massive pivotal it was a big moment a

year and two months since the pause

started that we all knew the cut was

coming I think it was just because it

was a historic moment in markets but

definitely exciting and thank you all

for tuning in and being there I

sincerely appreciate it and thank you

all for watching my videos and liking my

videos I'm of course watching everything

like a hawk right now looking to see if

we can get that Russell to break out

obviously big moment we'll see how it

goes otherwise if you guys are looking

for something else to do you of course

can check out my newsletter over here on

substack at blockchain backer . substack

do.com that's the most recent one

talking about all these things that are

different about this Market this time

and of course it's a little bit of a

play on words because a retail investor

the most common thing they say is this

time is different typically at the top

or typically at the bottom it's the most

dangerous words that anybody can

actually say in markets but what's

undeniable is all the data all the

behaviors all the things we can show to

pass Cycles to show how different this

one really is and it's truly a

fascinating time so this of course

includes an audio recording in here this

one's long it's 36 minutes of course I

personally audio record all of these

myself you can check out bcb backer.com

for over 40 videos and 11 hours of

content teaching you how to set up your

own charts and indicators within trading

View and coin Trader Pro also talking

about a lot of stuff like Elliot wave

theory woff accumulation the historical

behavior of the market and includes

downloadable PDFs that are supplemental

to a lot of the information in these

sections that's available over here at

BCB backer.com there of course are links

in the description this video to BCB

backer.com and the newsletter at

blockchain back. subs.com otherwise have

an absolutely wonderful day we're at

$63,000 Bitcoin and hopefully that

continues but all right that's it for

this one thank you so much for watching

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back have a good one