
BITCOIN ETF 99.9% Approval! Biggest CRYPTO BOOM Yet!
12/07/2023
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780 views
In this video, I discuss the almost certain approval of spot Bitcoin ETFs, a monumental development in the cryptocurrency world. I analyze Bitcoin's daily chart, highlighting its bull market behaviors and the significance of its momentum, especially as it breaks resistance levels and maintains overbought RSI levels. This pattern is reminiscent of the November 2020 bull market onset. I also delve into the impact of the impending Bitcoin ETF approval, suggesting it could usher in trillions of dollars into the space. Beyond Bitcoin, I pivot to altcoins like Solana, Ethereum, AVAX, and Cardano, noting their potential as leading indicators and breaking down their respective chart patterns and targets. Solana, in particular, is highlighted as a reliable leading indicator for other altcoins. I emphasize the importance of a long-term perspective in cryptocurrency trading, cautioning against short-term thinking. Overall, this video offers a comprehensive analysis of the current state of Bitcoin and altcoins, underlining the exciting potential of the cryptocurrency market.
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