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Cardano Ecosystem

BITCOIN Dip Is BULL SIGNAL! CARDANO Down But Not Out! (SHOCKING Chart)

03/17/2024

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478 views


Crypto Capital Venture

In this video, I discuss the current state of Bitcoin and ADA (Cardano) within the cryptocurrency market, highlighting their recent price movements as normal and, in many ways, positive indicators of where we are in the current cycle. Starting with Bitcoin, I note its decline towards the 20-day moving average, emphasizing this as a typical consolidation pattern seen in previous cycles, suggesting a healthy correction rather than a bearish turn. I draw parallels with past cycles where Bitcoin similarly consolidated before continuing its bull run, especially pointing out the relevance of Bitcoin's position in relation to the halving events and its current early stage in the cycle, implying significant growth potential ahead. Turning to ADA, I acknowledge its underperformance compared to some altcoins but argue this is consistent with its cycle position. I explore ADA's historical performance, particularly against Bitcoin, to illustrate its potential for recovery and growth despite current appearances. Throughout, I emphasize the importance of understanding these movements within the context of broader market cycles, encouraging viewers to see beyond immediate fluctuations and recognize the underlying trends that suggest continued growth for cryptocurrencies like Bitcoin and ADA.


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ORIGINAL SOURCE

https://www.youtube.com/watch?v=B0_-Dd9b...

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