Is cryptocurrency entering a bare Market Five things to know in Bitcoin this week No no it's not I can answer that Confidently I'm going to show you why in A second here and then we're going to go Through the five things that you need to Know in Bitcoin and all of that but you Know what actually before we jump into It bare markets are determined by Overall economic conditions and bare Markets are determined by the overall Interest in a subject like Bitcoin if Nobody's buying or if things are falling Then yes you could be entering a bare Market but let me just show you a very Obvious graph okay now does this look Like we are This Is Us now we are here Does this look like we are entering a Bare Market no we would have entered the Bare market and I don't know where the Cut off line would be you could put it Here if you want we would have entered The bare Market back in this territory Here in early 2022 we are simply Continuing on at low levels of Interest Right now in fact we haven't even Entered the bull market yet the bull Market begins when we begin to tick back Up when we begin to tick back up and we Have yet to tick back up in terms of Interest and we have yet to tick back up Into an economic situation conducive to Growth so in fact we're gearing up to Enter a bull market not a bare Market
We're going to talk a little bit more About that in this video and we're going To be going over Pepe Unchained as well So if it sounds like something you're Interested in let's get started what's Up everybody I'm clay bro and as you can See we got Pepe unchain on the screen And if at any time during this video you Guys find yourself interested in buying It is very easy to click on connect Wallet now I use wallet connect but you Guys can use any of those options right There to connect your wallet and then You're going to determine how much you Want to buy so if you want to buy for Example 23 ethereum worth I'll show you Why in a second here you're going to be Walking with 5.35 million p Bay Unchained let's talk more about it in a Minute but first let's talk about these Five things that you need to know in Bitcoin it says bitcoin's price holds $54,000 at the weekly close giving Traders modest confidence on how Short-term bitcoin price action May Shape Up CPI and PPI are the Consumer Price Index and producer price index Lead a key week of us macro data points And these coming less than 10 days Before the fed's interest rate decision This is one of the things here that can Lead to a bull market rally this Interest decision this interest rate Decision because you see what must
Happen for a bull market to take place Is earnings must be growing now Company's earnings are heavily tied to Interest rates and inflation but Earnings must be growing while interest Rates and inflation are falling you can Have a perfect bare or bull market Situation when that takes place because When interest rates are low cash and Money is cheap you can go out there you Can buy borrow more of it spend more of It when inflation is low that means that Prices are cheap your dollar goes Further than when inflation is high it's More conducive to growth and when of Course the earnings are growing that Means companies are growing and they are In a bull market crypto funds shed 600 Million over the last week with spot Bitcoin ETFs also seeing steady net Outflows it's not retail investors guys It's institutions dictating prices right Now they're shaking you out so that they Can buy more own more and control the Market into the future do not forget That and do not let them do that Bitcoin's price performance is looking Eerily similar to 2019 according to a Fractal which has remained valid Throughout this year now listen 2019 Okay 2019 led into 2020 and then the 2021 bull market I get it right prices Have been stagnant 2019 was very Stagnant but what happened after was
Magical it was 10 20 50x increases Across the board 100 200x increases in Major Runners and we could see that in Pepe unchain which is why I'm going to Be going over in a second Bulls are Eyeing the odds of a 20% balance is Bitcoin us USD continues a sloping Channel in place since March is all-time High guys March was a very nice month But March only saw interest tick up to a Level of nine how high do you think These prices are going to go when retail Actually returns to the space if retail Interest in cryptocurrency surges back To 100 or Beyond if retail interest in Cryptocurrency surges back to 80 or Beyond retail interest simply surges Back above a level of nine imagine how High these prices are going to go and Pepe Unchained could lead the pack why Because Pepe Unchained is building for Meme coins it's a layer two blockchain Specifically developed to to host meme Coins and because of that and because we Know retail investors are so interested In meme coins the demand for this token Could surge beyond our wildest Expectations in the upcoming bull market Rally now I say if you want to buy 23 Ethereum that sounds like a lot of money But that is exactly what this whale here Did he went out bought 23.4 ethereum $ 53,723 They're going to be keeping their focus
On things like Pepe Unchained guys it's building a layer two With instant bridging between its chain And in ethereum it's got the lowest Transaction fees in the game it's going To be 100 times faster than ethereum and It's have it's got its own dedicated Block Explorer but this is really Important here it's the future of meme Coins a layer 2 blockchain Built For Speed security low fees and of course Memes it's no surprise that Pepe has Been able to do 12 or Pepe on chain has Been able to do 12579 Million worth of inflows because Of its dedication to build for retail Investors it's looking to the Future It's looking forward to that bull market Return and because of that it has been Able to Far Far surpass uh the vast Majority of other pre-sales out there With its demand and in fact it's seeing About $200,000 a day worth of inflows Which is better than some of the largest Tokens in the entire world that are Already trading I'm excited about Pepe On chain I think that when the market is Done being afraid and when the market is Done being you guys can scroll up to Coin market cap 2 afraid and people Begin buying again Pepe unchain can SAR In value I'm excited about it I want to Know down in the comments below if you Guys are excited about it and until the
Next time hope to each and every one of You have an awesome day