
last Monday at 5:30 PM
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105 views
01/03/2024
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357 views
In this video, I discuss the intriguing situation of Bitcoin and its potential future trajectory, with particular attention to Jim Cramer's recent statements about Bitcoin's resilience and longevity. I highlight the concept of the 'inverse Cramer' and share my concerns about his bullish stance on Bitcoin, considering his track record. I delve into the technical analysis of Bitcoin's breakout from a symmetrical triangle and its $50,000 target, while also covering the similar situation of Cardano. I emphasize the importance of considering potential downsides and the need for caution, despite the current bullish momentum. I speculate that any upcoming dip in Bitcoin and crypto could be the last before a parabolic mania, based on my analysis of Bitcoin's weekly chart. I also touch upon the resistance levels Bitcoin might face and the importance of the RSI indicator in predicting its movements. Furthermore, I discuss ADA (Cardano), its current position in relation to past cycles, and the potential implications of its movement on the overall market. I conclude by reiterating the criticality of being prepared for possible retracements and consolidations, especially considering the upcoming Bitcoin halving and its historical impact on the market. My video aims to provide a comprehensive overview of the current state and potential future of Bitcoin and Cardano, with a balanced view of both upside potential and downside risks.
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