Anyway this uh this Market has been oscillating between greed and neutral uh this week but it's it's had a big jump talking about Bitcoin uh this week let's look at the market cap today is 1.08 trillion dollars up 2.90 but uh away from the one above 1.10 trillion we hadUh yesterday with that big jump volume trade at 9.58 up and we see Bitcoin dominance uh sitting at 42.26 percent let's look at the price of Bitcoin uh this morning 23 715 a big pullback there 4.04 don't know what happened yesterday was looking like the Bulls are ready toTake it above 25 000 but they had that pullback could be profit taken at this point with the Bears uh volume Trader 38.98 billion dollars let's look at the price of ethereum that's holding on 1657 but it's also down 2.22 volume traded 11.86 uh billion dollars let'sBring in Michael and not in our financial Market analyst hello Michael good morning hello Michael all right good morning lady oh fantastic yeah we'll have Michael uh great to have you um Michael so uh this Market uh talking about Bitcoin this week price action did have that incredible uh jump uh yesterdayDon't know what spite that but now we're having a pullback and obviously we've had issues this week from the U.S Securities and Exchange Commission going after paxos stopping it from uh sending out all those bosd tokens but the market still rallied regardless but it looks like something else is pulling theMarket back today yes so it's been a whirlwind in terms of price action uh we've seen Bitcoin basically bounced from 16 000 all the way to 25 000 representing uh nine thousand dollar move almost a 50 move from the bottom um a while ago back in DecemberUm I I said that we we have a you know we're we look like we're bottoming out and I remember I said the downside maximum was about 50 from where we are and so now that you've gotten this relief balance and it basically what you're looking at is a couple of thingsYou're looking at the wells order that came in from the SEC and how scared money is going to put money into um Bitcoin which is Sovereign which cannot be litigated by the SEC so that's something that you have that can explain some of the what looks might look likeAn inorganic float so when you couple new demand because people are scared that their stable coins are going to get seized um into Bitcoin that translates into some of the move that we're seeing so far but but ultimately in all technical all technical time frames itDoes look like this this rally can be sustained as high as 42 to 50K obviously it's not going to happen overnight but I really do think we've found some short-term bottom um and then we've been going another Riley um it's not a it's not a bull market butWe're in in in in the writing for a rally so I guess we can call this uh a bull market rally anymore is it still you know within that person what are you expecting for next week for Price action yes uh so yeah no I no longer considerThis a bear Market rally at all I would I would think that we've moved out of this and if you look most of the alts are um bottoming out I think most coins look um very healthy in terms of uh bottoms and finding good opportunitiesI really do think at the end of the day you have a macro picture like you know looking better than it was before yes there's talks of maybe another 50 basis points here and there for the Crux of the damage has been done there's not much more that weCan expect and so I I think in the next 360 days we're going to see Bitcoin trading some workflow students of fifty thousand and so what does that mean for alts you can see alts return back to the all-time highs they were at if not breakNew ones so I really do believe in you know in the free market there's only one asset that truly tells you how people are feeling and that's a big point and so I think Bitcoin is basically telling you that most risk investors have the appetite you know to get back in andThey change some kind of a bottom irregardless of how a bottom looks like it's it's been formed all right Michael well we're all looking for that bottom in in 2022 I guess uh some people have found it thank you so much uh Michael and Naji for Natural market analyst thank youThank you lady