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Cardano Ecosystem

Crypto WARNING: Final Call Before Bull Stampede! (Bitcoin & Cardano)

01/15/2024

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423 views


Crypto Capital Venture

In this video, I discuss the significant developments in the cryptocurrency market, focusing on Bitcoin's reaction to the launch of the Bitcoin spot ETF and its behavior at the critical 618 resistance line. I examine the current state of Bitcoin with 17 days left in its monthly candle, analyzing whether this time will be different for Bitcoin and the broader crypto market due to the ETF and the inflow of billions of dollars. I zoom into the charts to show the similarities in Bitcoin's movements across cycles, highlighting both short-term bearish and long-term bullish signals. Additionally, I delve into the technical analysis of Bitcoin, emphasizing the importance of the 20-week and 50-week moving averages as key indicators. I also discuss the potential for a consolidation in the Bitcoin price to around $30,000, which could be a precursor to a parabolic bull market. Alongside Bitcoin, I examine ADA (Cardano), noting its resistance at the 50-month moving average and exploring various scenarios for its price movement, including the potential for a short-term consolidation or a breakout. Finally, I touch on the significance of the upcoming Coinbase SEC case and its potential impact on the crypto market.


See original video on YouTube

ORIGINAL SOURCE

https://www.youtube.com/watch?v=83drR2ot...

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