Crypto Chaos: When Bitcoin and Dogecoin Dance the Bearish Tango 🐕đŸȘ™

by

Ah, Mike McGlone, that grave oracle of Bloomberg Intelligence, who wields his commodity staff not with whimsy but with the dour certainty of a man staring down the abyss of Bitcoin’s fate—and, oh yes, Dogecoin, too, dragged unwillingly into his bearish sermon.

Despite the current illusion of stability, that sly trendline coyly maintaining its grip like a cat refusing to fall off the roof, McGlone foretells inevitable betrayal—a breach so profound it will send our sparkling crypto fantasies tumbling into the cryptic void.

Bear Market Bounce? More Like a Grouchy Walk

Our sage has posted a curious chart, where Dogecoin twirls in lockstep with a “Bitcoin/gold” cross—whatever alchemical sorcery that may be—a shimmering mirage of intertwined metrics, a golden cross gone digital. It’s like trying to read tea leaves brewed with blockchain codes.

Faced with the crossroads of destiny—bear bounce or bull romp—McGlone opts for the former, with the kind of grim satisfaction you’d expect from a man betting on storm clouds rather than rainbows. “The Bitcoin/gold cross and Dogecoin have same-chart syndrome,” he sagely warns, as if these poor coins caught a dreadful contagion of synchronized misfortune.

Even as the trendline clings forth valiantly, it is fated to snap, like the last string on a well-loved kite, especially as the stock market plunges headlong into the recession it tried so hard to avoid in all of 2023.

Bear market bounce or new bull? My bias is the former. The Bitcoin/gold cross and Dogecoin have same-chart syndrome. Trendline support is holding, but I expect it to eventually be breached as the US stock market drops for the recession that did not come in 2023.

Full report


— Mike McGlone (@mikemcglone11) April 23, 2025

Yes, Bitcoin and friends apparently behave like the financial equivalent of synchronized swimmers, dipping and diving in unison with the grand old indices: the S&P 500, Nasdaq, and Dow Jones, because why not let your digital dreams be tethered to dusty old stocks?

Bitcoin Moonwalks to $94,000 While ETFs Feast

On a dramatic April 21, our prophet donned his pessimistic cloak once again predicting Bitcoin’s nosedive to a humble $10,000. Yet, in a twist that smells faintly of market trolling, Bitcoin pirouetted upwards by over 6%, soaring from $88,610 to a lofty $94,100, fueled by the SEC’s new chairman Paul Atkins playing the regulatory maestro with promises of fairness and adequacy (and no, those words are not mutually exclusive).

Meanwhile, spot Bitcoin ETFs gulped down a staggering $912.7 million in a single day—apparently the crypto crowd’s version of a bottomless brunch, the likes of which we hadn’t seen since January.

Robert Kiyosaki’s Crypto Closet: More Bitcoin, More Silver Eagles

Enter Robert Kiyosaki, the sage behind “Rich Dad Poor Dad,” revealing his mysterious hoard of Bitcoin in true cryptic fashion: “I have plenty”—a phrase that might as well mean “enough to rub elbows with Elon.” Alongside his digital gold, Kiyosaki has turned his gaze toward silver eagles, coins with a name grand enough to make you think they might actually fly.

GOOD NEWS for people with
not much money.

I am buying more silver eagles today.

The good news is silver is the biggest investment bargain today.

Gold has already hit all time highs.

I have plenty of Bitcoin.

And silver is still 50% below its all time high
.today about $35.


— Robert Kiyosaki (@theRealKiyosaki) April 22, 2025

He places his bets on silver soaring to twice its price, $70 per ounce, a celestial leap from its humble $35 perch—a modest prediction, or perhaps just the silver lining we all desperately seek in this chaotic crypto theater.

Read More

2025-04-23 14:36