After an underwhelming Bitcoin break of $100k, investors still think the price is going higher…

And the Hawk Tuah girl is now ironically getting spit on for her recent meme coin scheme, and she could be facing some serious legal stuff…

Let’s break into this newsletter by recapping last week and then forecasting the week ahead!

(P.S. try to find Steadman)

Topics🔥

• $104k Bitcoin and Charges Against Hawk Tuah

• New Economy Strength

• MSTR vs BTC and CEO Assassination

• Forex Pairs Breaking Consolidations

• Actionable Steps

$104k Bitcoin and Charges Against Hawk Tuah

Trump was likely dancing in his mansion to the ‘YMCA’ song after Bitcoin reached $100k last week…

The price hit an all-time high just under $104k on Dec. 4, driven by Trump's promise to make the U.S. a "crypto superpower".

But the next day (December 5th), Bitcoin’s price dropped 5.47% within minutes, falling from $98,338 to $92,957, wiping out $300 million in long positions. 

The price rebounded to $96,410, but the sharp drop led to over $303 million in liquidations within an hour, bringing total liquidations over 24 hours to $404 million.

Trump will be nominating Paul Atkins (very pro-crypto guy) to lead the SEC, and analysts are still simping over Bitcoin price targets, but be cautious when trading at all-time highs, especially with how quickly the price has been moving 

As far as meme coins go, Hailiey Welch’s Hawk Tuah (HAWK) memecoin launch quickly soared to a $490 million market cap before crashing 91% to $41.7 million within HOURS. 

Despite Welch's denial of any insider activity, blockchain data showed a wallet purchasing 17.5% of the supply, profiting $1.3 million - there’s now speculation of it being a “pump and dump” scheme. 

Spit on that coin! hawk tuah

Looking ahead, altcoins have significantly been outperforming Bitcoin over the last couple months, and typically when this happens it means that the “altcoin season” is starting…

New Economy Strength:

The S&P 500 needs a steroid check - look at this year’s stats: