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Cryptocurrency News Video
BITCOIN Dip Is GOOD! Setting Stage For CRYPTO Golden ERA...
Apr 18, 2024 at 06:42 am Crypto Capital Venture
Easy to do high fear videos when Bitcoin price is falling, but this dip is normal and bullish. And here I show you exactly why.
In this video, I discuss the recent dip in Bitcoin's value on the daily chart, highlighting why it's not a cause for concern. I delve into short-term technical analysis to explain the current market behavior, stressing the importance of zooming out to observe Bitcoin's performance on monthly and weekly charts for broader context. Specifically, I draw parallels between the current cycle and past cycles, noting the significant reduction in the percentage drop from all-time highs at each Bitcoin halving event, which showcases Bitcoin's robustness in this cycle compared to previous ones. Despite the dip, I emphasize that Bitcoin is still performing remarkably well, even breaking past its all-time high, and suggest that the current consolidation is a normal and healthy part of its market cycle. I also touch on Bitcoin's dominance and the anticipation of an altcoin season post-Bitcoin halving. Using technical analysis, I explain that the structures and patterns observed in the charts have consistently provided valuable insights into potential future movements. I conclude by addressing the recent market downturn triggered by a high-fear event, reaffirming that such movements are typical in technical analysis and ultimately reinforcing my long-term bullish stance on cryptocurrency.
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*Crypto Capital Venture does not guarantee or make any representations or claims to any particular amount of staking rewards that you will earn through delegating your Cardano. Any return that the protocol disburses to you is decided by the protocol. You are not investing your Cardano with Crypto Capital Venture. Delegating to a Crypto Capital Venture stake pool does not involve transferring or legally assigning the Cardano or the rights thereof. Crypto Capital Venture simply serves as a validator and provides community members a way to delegate to the Cardano Protocol consensus mechanism. All staking percentage rates and all rules and parameters are decided by the Cardano protocol.
*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.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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