Bitcoin CRASH ALERT! This Chart Points to a $88,000 Dump!

Unknown Source August 18, 2025 59 min

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79 Companies

79 Key Quotes

1 Topics

🎯 Summary

Podcast Episode Summary: Bitcoin CRASH ALERT! This Chart Points to a $88,000 Dump!

This 58-minute episode of Discover Crypto focused heavily on immediate Bitcoin price action, technical analysis suggesting a significant near-term correction, and the macro factors influencing market sentiment, particularly upcoming statements from Jerome Powell.

1. Focus Area

The primary focus was Cryptocurrency Market Analysis, specifically:

Bitcoin Technical Analysis (TA): Identifying potential bearish reversal patterns and price targets.
Macroeconomic Factors: Anticipation surrounding the Jackson Hole Symposium and Jerome Powell’s speech regarding interest rates.
Altcoin Updates: Brief mentions of Chainlink (LINK), Dogecoin (DOGE), Solana (SOL), Cardano (ADA), and Aave (AAVE).

2. Key Technical Insights

Rising Wedge Breakdown: The hosts identified a classic Rising Wedge pattern on the daily Bitcoin chart, which has confirmed a breakdown. This pattern, formed since April, suggests buyer exhaustion.
Bearish Price Target: Based on the classical measurement of the rising wedge breakdown (subtracting the maximum height), the technical target suggests a potential drop to $88,000, with projections extending as low as $85,000–$86,000.
Bullish Invalidation Point: The bearish scenario would be invalidated if Bitcoin holds strong support above the 50-day Exponential Moving Average (EMA), which has served as support during previous drawdowns (like the 31% drop in January).

3. Market/Investment Angle

Anticipation of a September Pullback: The current price action is framed as a potential September pullback, typical in post-halving years, despite the overall long-term bullish trend remaining intact.
Retail Sentiment as a Bearish Signal: A spike in Google Trends searches for “crypto” hitting a four-year high is flagged as a potential contrarian indicator (a sign of late-stage euphoria or retail capitulation), referencing the spike seen just before the May 2021 correction.
MicroStrategy (MSTR) S&P 500 Inclusion Rumor: Hearsay from Josh Mandel suggests MSTR’s inclusion in the S&P 500 is confirmed for September. If true, this would force index funds to buy MSTR shares, creating a positive feedback loop that allows MicroStrategy to sell more stock to acquire more Bitcoin.

4. Notable Companies/People

Jerome Powell: His upcoming speech at the Jackson Hole Symposium is the most anticipated macro event of the week, expected to provide clarity on September rate cut probabilities.
TechDev: Mentioned for his recurring, proprietary chart suggesting the current cycle top might be 14 months after a specific “inflection point,” potentially pointing to an all-time high in October 2026.
Michael Saylor / MicroStrategy: Their continued accumulation of Bitcoin and the rumored S&P 500 inclusion were highlighted as significant bullish drivers.
Josh Mandel: Credited with the rumor regarding MicroStrategy’s confirmed S&P 500 inclusion.
Chainlink (LINK): Noted as holding strong while other major altcoins were down, with major analysis content in production.

5. Regulatory/Policy Discussion

Macro Uncertainty: The market is in a “wait-and-see” mode pending the Fed’s direction, influenced by recent PPI numbers suggesting inflation might be stickier than hoped.
Geopolitical Influence (Zelensky/Ukraine): The hosts discussed the political situation, noting Zelensky’s stance on land cession and the upcoming meetings with global leaders, suggesting these political developments are currently shaking the markets alongside macro data.

6. Future Implications

The conversation suggests the industry is entering a period of short-term volatility and potential downside risk due to technical patterns and macro uncertainty (Powell’s speech). However, the long-term outlook remains strongly bullish, supported by historical cycle indicators (zero out of 30 peak indicators triggered) and corporate accumulation strategies (MicroStrategy). The potential for a September pullback is explicitly warned against, but framed as a healthy correction within a larger bull market.

7. Target Audience

This podcast is most valuable for Active Cryptocurrency Traders and Investors who rely on technical analysis, on-chain metrics, and macroeconomic events to time their entries and exits in the Bitcoin and broader crypto markets.

🏢 Companies Mentioned

BlackRock ✅ Institution/Investment

Sui ✅ Layer 1 Blockchain

Binance ✅ Exchange

Pendle ✅ DeFi Protocol

Near ✅ Layer 1 Blockchain/Project

Render ✅ Layer 1 Blockchain/Project

Link ✅ Infrastructure

Cubic ✅ Crypto/Web3 Project (Unclear specific category, possibly security/attack vector)

Is China ✅ unknown

Chinese Communist Party ✅ unknown

Now Bloomberg ✅ unknown

Fed Reserve ✅ unknown

Poor Copulous ✅ unknown

European Union ✅ unknown

Wall Street ✅ unknown

💬 Key Insights

"Solana just did a pretty major milestone. They had 100,000 transactions per second with a stress test transaction spike. Now they're labeling and they're marketing this as the first major blockchain to do 100,000 transactions per second on its mainnet."

Impact Score: 10

"This is signaling he's creating a product for Wall Street to trade XRP. And to me, this is a very, very bullish development."

Impact Score: 10

"There is, in my opinion, a high likelihood he is building this for Wall Street banks. Wall Street banks to be able to out-rage you and out-trade everybody when it comes to trading XRP or doing any kinds of transactions on the XRPL."

Impact Score: 10

"If you're okay with some of those alts potentially losing 30, 40% and you're not going to panic sell at the bottom—because that's when it's going to start bouncing, right when you feel like you should most sell, when it's most likely to bounce—if you can handle that, by all means go ahead."

Impact Score: 10

"If Bitcoin, you know, maybe it only goes to 100, maybe it goes to 94, maybe it goes to 88, your altcoins are going to bleed, and they're going to bleed hard."

Impact Score: 10

"ETH/Bitcoin just broke the 365-day moving average. Last two times that has happened: 2017, 2021, and both times ended with alt season, both times made many millionaires."

Impact Score: 10

📊 Topics

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