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

By Kimberly McCoy January 20, 2024 3 mins read 57211 Views
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.

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Intro 00:00
Bitcoin got smacked down 00:30
Dip next? 2:30
Bullish warning 4:25
Cardano monthly 6:30
Cardano price dip 7:15
Watching this ADA chart now 8:30

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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: Crypto WARNING: Final Call Before Bull Stampede! (Bitcoin & Cardano)
Sourced From: www.youtube.com/watch?v=83drR2ot6tk


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