Bitcoin Halving SHOCK! CARDANO Cycle Chart Reveals ADA Launchpad.
03/29/2024
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585 views
In this video, I discuss the imminent Bitcoin halving and how its price might interact with this significant event, comparing the current situation with previous cycles to anticipate potential outcomes. I delve into the Bitcoin daily chart, examining short-term price action, and also explore ADA's performance, both in relation to Bitcoin and on its own, highlighting its current state and potential short-term price movements. I emphasize the unusual market activity where Bitcoin is breaking through significant resistance levels before the halving, a deviation from past cycles. Additionally, I dissect ADA's situation, referring to it as "peak fear season" and analyze its historical performance during similar phases in past cycles, suggesting possible future movements. I aim to provide insights based on data and patterns observed in past cycles, stressing the importance of focusing on data over market noise, and maintaining a watchful eye on key indicators and thresholds that could signal significant price movements for both Bitcoin and ADA as we approach the halving event.
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