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Cardano Ecosystem

CRYPTO MELTDOWN! Why BITCOIN Collapse Is Actually a BULLISH SIGNAL!

03/21/2024

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347 views


Crypto Capital Venture

In this video, I discuss the current dip in Bitcoin and the broader crypto market, expressing gratitude for this downturn—not for the typical "buy the dip" reasons, but because I see it as an essential phase in the continuation of the bull market. I delve into why such corrections are not just normal but healthy, offering a deeper analysis on Bitcoin's performance compared to its past cycles and how it's performing earlier than expected this time around. I highlight the significance of Bitcoin's price movements in relation to the halving cycles, suggesting that we're currently spoiled by the market's performance, with Bitcoin trading higher than it should if it were following the historical patterns. This early movement is partly due to a supply shock and the narrative around spot ETFs. Moreover, I touch on the crucial role of retracements in sustaining a long-lasting bull market, illustrated by the Fibonacci retracement levels and the concept of "bull market doors." Transitioning to altcoins, I analyze their current stage in the cycle, comparing it to previous cycles and setting realistic expectations for their performance pre- and post-Bitcoin halving. By dissecting both Bitcoin's and altcoins' trajectories, I aim to provide a comprehensive view of the market dynamics at play, reinforcing the idea that current dips are bullish indicators for the future.


See original video on YouTube

ORIGINAL SOURCE

https://www.youtube.com/watch?v=0-wojVxX...

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