CRYPTO Crashes On BITCOIN ETF Rejection Rumors!

In this video, I discuss the current dip in Bitcoin's value as seen on the four-hour chart, emphasizing its significance in the context of a potential bull market. I examine the momentum oscillator RSI's shift from overbought to oversold and explore the implications of the recent SEC announcement about rejecting Bitcoin ETFs in January. I delve into the trigger behind this move and speculate about the future, considering both the short-term market sensitivity and the broader macroeconomic view. I also reflect on the potential manipulation in the market, citing conflicting reports from Matrix Port and comments from Bloomberg analysts. Additionally, I analyze Bitcoin's interaction with various moving averages and its potential trajectory, weighing the bulls' and bears' influence in this scenario. The video is not only about technical analysis but also considers the impact of news and rumors on Bitcoin's price, highlighting the importance of staying informed in such a volatile market.