BITCOIN POWER Comeback! CARDANO Bull Move On CRITICAL Alert!

In this video, I discuss the current state of Bitcoin and the broader cryptocurrency market, focusing on the significance of the RSI and momentum oscillators. Despite a recent 15% dip, Bitcoin is showing signs of recovery, and I delve into the daily candle patterns to highlight this. I also examine Cardano's chart, pointing out an intriguing formation and potential critical areas in its price movement. My analysis includes a detailed look at Bitcoin's position in the bull market cycle, comparing the momentum oscillator's current state to previous cycles, and emphasizing its entry into overbought territory as a signal that the bull cycle is just beginning. Additionally, I explore the potential for consolidation in Bitcoin's price, the importance of higher lows for sustained growth, and the outlook for Cardano based on its historical chart patterns. I caution viewers about the uncertainties in crypto markets and the importance of watching for bullish or bearish confirmations. Throughout, I urge viewers to subscribe and like for more insights, while stressing the need for caution due to the ongoing resistance and potential for further consolidation in the market.