Seller Exhaustion Hits Bitcoin! Gold Comparison Shows Next Leg Up & Big Altcoin Signal
In this video, I discuss the current market cycle for Bitcoin and altcoins, highlighting the bullish indicators I'm observing. I compare the movements of Bitcoin and gold, noting similarities in their 20-week moving average cycles, and emphasize the seller exhaustion occurring in the Bitcoin market. For altcoins, I analyze the higher low environment and the potential significance of the 200-week moving average as a support level. I remain bullish on the overall crypto market and am looking for a break above the $300 billion market cap for altcoins as a potential bull market continuation indicator.
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Intro 00:00
Bitcoin following gold 1:10
Seller exhaustion kicks in 3:10
Altcoins 5:30
🟩 Bitcoin 4 Year Cycle Prediction - This May Change Your Mind On BTC
https://youtu.be/IsKI359lAbQ
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Crypto Capital Venture New - Cycles of Bitcoin - https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative
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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.
