 Our first question, which we've already touched on, is the fact that Bitcoin has been falling. It fell below 10K just today. And some people online have said that Bitcoin's price falling has been connected to Donald Trump tweeting negative things about Bitcoin. But other people say that Trump's tweeting about Bitcoin negative or positive is just in general a great thing because it brings more attention, brings Bitcoin just into the zeitgeist more, so to say. So what do you think about that? Yeah, I'm definitely into in the second camp. My initial reaction was this tweet is extremely bullish. If Donald Trump loves Bitcoin or hates Bitcoin, the fact that he's mentioning it, basically highlighting the advantages of Bitcoin to the entire world. So I thought that tweet was extremely bullish. And within the first half hour of the tweet, Bitcoin did rise about 2%, not a lot for Bitcoin, but if you're talking about initial reactions, I think that that was pretty clear. And of course, that tweet came out on Friday, and then we had some mainstream media this morning trying to attribute the fall today from the tweet last Friday. Now this is a market that generates most of the volumes over the weekend, so it's very difficult for me to imagine that tweet actually was responsible for Bitcoin falling. I think that even though I don't think that this is what happened, but if we want to look at how timing works, the Fed was talking right over here, and actually just after that last week, we saw the price of Bitcoin falling. All of this is like really smoke and mirrors, though a lot of people like to attribute price action to a news event, and a lot of us make our living that way, so who can blame them. But if you zoom out a little bit, you'll see that none of this really has had any real noticeable impact on the price of Bitcoin. Here's the monster rally that we've been seeing since mid-February. We hit a peak late in June, a pullback, and now we're in a range. The range is approximately from 10K to 14K. The high of 13.8, if we pass that on the upside, we have a strong breakout. No doubt we'll see a lot more FOMO, people buying in, that'll pave the way for much higher levels, even a test of the all-time high of $20,000. On the bottom side, things are not as clear. Yes, we have that psychological support line of 10K, but as you mentioned, it has been broken a little bit, so it's not a strong support line at this point. But we can see that 9K exact psychological support, and many different charters will draw their lines a bit differently. You could probably name about a dozen support lines below that. If we do look, let's say, just make a rising trend line from that surge on April 2nd, I believe the surge on April 2nd was really when things started kicking off for this market. You can see this kind of pattern holding here, and this is not a strong support resistance line, but rather just looking at the trend overall. And we can see that we've been above this line, below this line, but overall, even if we come down to 9K, or even at 8.5, I would say, this trend line still holds weight where we're in an upward trend overall. Try not to confuse short-term price movements with long-term trends. So I guess my next question has to do now with altcoins because they seem to be having even heavier losses than Bitcoin. For example, Ethereum lost around 17% of its value in 24 hours. So why do you think that altcoins are having much more significant losses than Bitcoin right now? That's an excellent question. And it does kind of fit in with what we've been seeing lately. It's quite consistent that Bitcoin is the leader of this rally. So ever since April 2nd surged, Bitcoin has been firmly in the driver's seat. And the reason for this is that mostly people are gravitating towards Bitcoin. Bitcoin is basically consolidating the entire crypto market. We've seen Bitcoin's dominance rising. That's because most of the excitement throughout this rally has been specifically surrounding Bitcoin. So some of the altcoins on the way up, so when we're in that kind of dynamic where Bitcoin is dominant and we're in a bull market, I don't know if we can call it a bull market just yet, but let's say we are in a bull run at the moment. So when the prices are moving up, Bitcoin is going to tend to outperform. And then when we see the pullbacks, then we'll see that the altcoins are going to get hit a lot more than Bitcoin would as traders gravitate towards safety. Okay, so now moving on to just the general market again. In a recent interview with Bloomberg, CZ of Binance said that he's been seeing about 60% of the training volume on Binance coming from retail investors, which is the same as last year as opposed to institutional investors. So does this be considered a sign that this space lacks maturity? Do you think? Well, I think it's quite, it's still early. I mean, we've been talking about these retail investors coming into the market pretty much since the fall in the beginning of 2018. I mean, this has been kind of a market theme. However, and as we've stated in the last few videos that we've done, even though this entire rally has been driven largely on the speculation that institutional players are about to enter, actually the institutional players don't have any major gateways open at the moment. All of the institutional players that we've talked about, mainly BACT and Fidelity, the NASDAQ, and so on, they haven't actually opened their doors yet. I mean, they're still on the verge. Fidelity is just testing their first few clients, BACT said that they're going to start testing very shortly. However, the only, if somebody on Wall Street wants to buy Bitcoin at the moment, the only real option they have is the futures contracts on the CME. So those futures contracts, as we know, are cash settled so there's no actual Bitcoin involved in those transactions. So at the moment, there isn't really any option for those institutional players to buy Bitcoin. However, those options are very likely to be opened up within the next few days even. So CZ's comments, their apropos, everything that we've been seeing, all of this rally has been driven largely by retail investors, specifically retail investors who are already familiar with the crypto market, who are getting excited that the institutional players are finally entering. Now, this could be a situation of buy the rumor and sell the news, right? The institutional players finally get here and then they're, you know, on the sell side instead of on the buy side. It's happened before. However, what we do know is that once those gateways are open, those bridges are built, it brings more liquidity into the market and much larger cash flows. And generally speaking, over time, those cash flows would are more likely to have a positive impact on the price, especially on the level that we're talking about here. All right. So my last question now goes back to a specific cryptocurrency Litecoin because that halving is going to be taking place in August, which is going to really reduce the block rewards by 50%. So do you think, basically, what do you think is going to happen to the token after this event? That's an excellent question. I know that Litecoin is probably one of the strongest cryptos out there. I mean, it's the first fork off of Bitcoin. It has an incredibly strong community. I think that it's going to really depend. We've seen a lot of speculation based on this halving event. A lot of the time we know that halving events have a tendency to be priced in before they actually occur. And even throughout this rally, I mean, on February 11th, we can see that pop was a lot bigger than Bitcoin's. Litecoin was really arguably one of the leaders in this entire rally that we're seeing now. However, we do see a massive pullback so far. And I think that that's in line with what we've been seeing through the rest of the market. So as long as, look, Litecoin has, even though it has a very strong community, it has a very strong test in front of it. And that's going to be about adoption. So the more we see, you know, merchants accepting Litecoin and people paying with Litecoin, that will cause the price to rise long term. Everything else is going to be is going to be sex speculation. If you guys want to participate in the Bitcoin revolution, check out our merch store in the link below. 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