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BITCOIN Stumbles! Stepping Stone For Next CRYPTO Boom!

By Kimberly McCoy March 23, 2024 3 mins read 27705 Views
In this video, I discuss the current state of Bitcoin and the broader cryptocurrency market, emphasizing the importance of embracing recent dips as part of a normal market cycle. Despite the discomfort caused by seeing red candles and a downward trend, I argue that a data-driven perspective is crucial for understanding these movements as standard and not solely driven by emotion. Highlighting the contrast between the daily and monthly chart perspectives, I note that while the daily chart shows a period of consolidation with recent dips, the monthly chart remains strong with seven out of the last seven candles being green, indicating overall growth. This observation leads to a discussion on Bitcoin's historical performance in relation to its halving cycles, suggesting that the current patterns are consistent with past behaviors leading up to halvings—times of significant price consolidation followed by upward trends. Furthermore, I explore the concept of market cycles and the importance of support levels, suggesting that even if Bitcoin were to fall to lower price levels, it would be in line with historical retracements and not indicative of a long-term bear market. Ultimately, I encourage viewers to maintain a long-term, zoomed-out perspective, focusing on structural market movements rather than short-term volatility, and to consider the current phase as a potentially healthy consolidation that precedes further growth.

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Intro 00:00
Zoom out! 00:55
Bitcoin now vs. 2017 3:05
How low BTC price could go 5:40
Bitcoin targets 7:50
Short term bullish hopium move 12:20

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*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.

Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.

#crypto #cryptocurrency #cryptonews #cryptocurrency #cryptocapitalventure #blockchain #finance #stock #investment #crypto #altcoin

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By: Crypto Capital Venture
Title: BITCOIN Stumbles! Stepping Stone For Next CRYPTO Boom!
Sourced From: www.youtube.com/watch?v=1UmK_00KiXE


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