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Bitcoin price to hit record high, expert expects ‘healthy reset’

The post Bitcoin price to hit record high, expert expects ‘healthy reset’ appeared com. Bitcoin’s price remains under intense pressure this month, having plunged 31% from its all-time high, as exchange-traded fund outflows jumped. Summary Anthony Pompliano believes that the Bitcoin price will rebound to a record high. He noted that the recent Bitcoin crash was a healthy reset. Potential catalysts are the Fear and Greed Index, healthy open interest, and Federal Reserve cuts. Bitcoin (BTC) traded at around $87,000 on Nov. 24, up by 6. 5% from its lowest level this month. While this rebound could be a bull trap or a dead-cat bounce, Anthony Pompliano and other crypto experts believe that the coin is about to bottom. In a CNBC interview, Pomp noted that the Bitcoin price had crashed by 30% from its peak over 30 times in the last decade. It has also dropped by over 50% more than five times. Fears of an eventual Bitcoin collapse always accompany these dips. Pomp also pointed to the Crypto Fear and Greed Index, which dropped to the extreme fear zone of 8 last week. In most cases, crypto bull runs begin when there is extreme fear in the market. He said: “We are somewhere around the bottoming, and the market may grind sideways for a while and then start grinding upwards in the next couple of weeks.” Meanwhile, Pomp believes that the ongoing Bitcoin price retreat is a healthy reset, especially on leverage. He pointed out that leverage has plunged since the October 10 liquidation event, when traders lost over $20 billion in a single day. In the last decade, Bitcoin has fallen 30%+ more than 20 times. Bitcoin has dropped 50% or more on 7 different occasions. Basically a Global Financial Crisis every year and a half for a decade. Wall Street is not used to that. I explained on @SquawkCNBC this morning.

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Entertainment

21 Pictures of Cats Hiding From the Cold in Full Hibernation Mode

When the cold hits, cats don’t just get cozy. They enter full hibernation mood. One minute they’re walking around like normal, and the next they’ve disappeared, swallowed by a pile of blankets that somehow transforms into a perfectly cat-shaped bundle. They don’t politely lie under the covers, either. They digging in, kneading, and wriggling until they’ve created the warmest, softest cave known to humankind. Once they’ve settled into their blanket fort, good luck getting them out. You can shake the treat bag, open a can, or try gently lifting a corner to see if they’re still breathing, but nothing interrupts the sacred winter nap. Occasionally, you’ll see a little nose, a paw, or an ear poking out like a furry periscope checking if the world is still cold. If the temperature hasn’t improved, they burrow right back in without hesitation. Cats take hibernation personally, and honestly, they might be onto something. Why face frosty floors and chilly windowsills when you can snooze through winter wrapped like a purrito? Some days, we’d all rather hide in a blanket cave, too.

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general

Thai woman brought in for cremation is found alive in coffin after knocking

A woman in Thailand shocked temple staff when she started moving in her coffin after being brought in for cremation. Wat Rat Prakhong Tham, a Buddhist temple in the province of Nonthaburi on the outskirts of Bangkok, posted a video on its Facebook page, showing a woman lying in a white coffin in the back of a pick-up truck, slightly moving her arms and head, leaving temple staff bewildered. Pairat Soodthoop, the temple’s general and financial affairs manager, told The Associated Press on Monday that the 65-year-old woman’s brother drove her from the province of Phitsanulok to be cremated. He.

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