Most BULLISH CRYPTO Dip EVER! Bitcoin SIGNAL You Can't Ignore!
01/22/2024
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Crypto Capital Venture
In this video, I discuss the likelihood of Bitcoin not surpassing $48,000 before the April 2024 halving, highlighting its potential impact on other cryptocurrencies like Ada, AVAX, Ethereum, and Solana. Analyzing Bitcoin charts, I express skepticism about its immediate bullish prospects, citing a significant rejection at the 618 Fibonacci level and drawing parallels with past S&P 500 performances during similar periods. I explore potential consolidations in Bitcoin's price, suggesting it may retrace to around $30,000 to $34,000, and extend this analysis to altcoins, each potentially varying in their retracement based on recent volatility and technical indicators. Despite a cautious outlook, I maintain a long-term bullish perspective, emphasizing the cyclical nature of the cryptocurrency market and its potential for a post-halving bull run.
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