BITCOIN At BREAKING Point! Cardano & Solana Dynamic Duo!
01/31/2024
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394 views
In this video, I discuss the current state of the cryptocurrency market, focusing on the possibility of a further downtrend, particularly in Bitcoin's performance. I analyze Bitcoin's daily and weekly charts, highlighting its struggle to maintain above key moving averages and the potential impact of this trend on altcoins like ADA (Cardano) and Solana. I delve into the specifics of Bitcoin's price movements, examining its resistance at the 618 line and the implications of it potentially trending down towards the 20 or 50-week moving averages. The video also covers my thoughts on ADA and Solana. For ADA, I emphasize its robust and decentralized nature, considering it undervalued and a promising long-term investment. Regarding Solana, despite some reservations, I acknowledge its potential for lucrative opportunities in the upcoming bull market due to its increasing ecosystem activity.
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