CRYPTO Market Warning! BITCOIN Dips Are GOOD!

In this video, I discuss Bitcoin's recent 10% decline and its significance in forming a right shoulder setup in the larger inverse head and shoulders pattern, which is essential for a potential target of $90,000. While dips and consolidations are necessary for this setup, I'm not guaranteeing this outcome but highlighting the possibility. I also touch on recent crypto news, including the resignation of the SEC's head of crypto asset enforcement, which I view as a positive sign amidst ongoing regulatory challenges. We then delve into the charts, examining the total crypto market cap, Bitcoin's price movements, and key support and resistance levels. I emphasize the importance of the $63,800 support area and the 20-week moving average, noting historical patterns and current signals. Finally, we explore the potential right shoulder formation and its implications for Bitcoin's price trajectory. Throughout, I encourage patience and resilience amidst market volatility.

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Intro 00:00
Crypto SEC chief resigns 1:05
Total crypto market cap 2:20
On chain BTC data support 3:50
Bitcoin price targets 6:30

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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.

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