Episode Details
Back to Episodes
2021 All Over Again? The 55% Bitcoin Drop That Preceded New Highs w/ Scott Melker
Description
In this episode of the Milk Road Show, Scott Melker (The Wolf of All Streets) breaks down whether Bitcoin has truly bottomed, what the technical indicators are signaling, and why this 55% drawdown could look strikingly similar to the correction that shook out investors in 2021 before the market exploded higher. We dig into the weekly 50 and 200 moving averages, oversold RSI levels, and the historical patterns that have marked major Bitcoin bottoms. The discussion goes beyond charts and into investor psychology, explaining why extreme fear and negative sentiment often form the foundation for the next major rally.
~~~~~
🚀 Milk Road x Vincent live with John Gillen, where the real market action is. Feb 12, 11AM ET.
~~~~~
~~~~~
🔧 Tools & Channels
🥛 Free Milk Road Newsletters.
🥛 Go PRO and become a better investor.
~~~~~
✊ Follow Milk Road on Social Media: