Bitcoin Has Never Been This Undervalued… Ever

Bitcoin is considered massively undervalued and oversold, with technical indicators suggesting a potential bullish reversal despite current bearish market conditions in crypto.

• Trump regrets not appointing Kevin Warsh to the Fed earlier, anticipating 15% economic growth.

• Bitcoin's extreme oversold status and undervaluation against gold point to a potential bullish reversal.

• Ethereum is at a historical bottoming zone, and individual stocks like AMD show critical support tests.

Donald Trump's recent comments, often taken out of context, reveal he regrets not appointing Kevin Warsh sooner, believing the US economy could grow by 15% under the right leadership. Meanwhile, the cryptocurrency market, including Bitcoin and Ethereum, shows signs of being oversold, with Bitcoin's weekly RSI at rare bottom levels and Ethereum hitting Bollinger Band lows, suggesting potential rallies despite prevailing bearish sentiment. Traditional stock markets like the S&P 500 continue to approach all-time highs, but specific stocks like AMD show potential for deeper corrections if key support levels fail.

Trump's Economic Views

• 00:00:46 Donald Trump believes the US economy can achieve 15% growth under strong leadership, specifically referencing his regret about not appointing Kevin Warsh earlier to the Federal Reserve instead of Jerome Powell. This regret is often misinterpreted as a criticism of Warsh, but Trump actually indicates he made a mistake by not selecting Warsh in 2017, expecting spectacular economic performance with the right Fed head.

Bitcoin Market Analysis

• 00:03:00 Bitcoin is currently trading between $68,000 and $72,000, with a significant break in either direction likely leading to an exaggerated move. Despite being in a bear market since losing the 50-week EMA, Bitcoin's weekly RSI is in an extremely rare oversold state, typically seen at market bottoms, and it's considered historically undervalued against gold, aligning with the business cycle for a potential bullish reversal if it closes above the 200-week EMA.

Ethereum & Altcoin Outlook

• 00:07:54 Ethereum has hit the bottom end of its Bollinger Bands, a level historically associated with major sell-offs and subsequent bounces, including the 2022 bear market bottom. While a dramatic decline is possible, this area typically indicates a bottoming zone, with a potential bullish MACD crossover on the daily chart suggesting a significant rally in the near future, although a broader stock market downturn could still impact crypto prices. Solana is also showing similar flat trading, indicating an impending large volatility move.

Stock Market Overview

• 00:11:06 The Russell 2000, an indicator of risk in markets, is within 2% of all-time highs after bouncing off its 50-day EMA, while the S&P 500 continues to near new all-time highs. Individual stocks show mixed signals; Meta is retesting key EMAs and a triangle pattern, requiring a hold above the cluster for a bullish continuation, while AMD faces a potential double top formation that could lead to a deep correction if its 200-day EMA support fails.