Crypto Falls! Bitcoin ETF Could Send Altcoins Soaring!
12/11/2023
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Crypto Capital Venture
In this video, I discuss the current state of Bitcoin and crypto, which is experiencing a significant dip on the hourly chart, but zooming out to the weekly chart, it's clear that Bitcoin is still very overextended from its moving averages. Despite the current consolidation phase, we are pivoting into the next bull market, and it's happening quickly. I also talk about the total market cap chart and how we are in a powerful phase of the crypto cycle that is diverging from the last cycle. Additionally, I mention the potential implications of classifying Bitcoin and other digital assets as securities, as discussed in a recent Blackrock filing. This could affect the value of Bitcoin and other digital assets, as well as the value of shares in Bitcoin ETFs. Cardano, AVAX, Ethereum charts covered.
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