In this video, we analyze the recent development of Bitcoin’s 20-week moving average crossing above the 200-week moving average, a notable event in Bitcoin’s history. However, caution is warranted as similar crosses in the past have not always led to immediate bullish moves. We explore the potential scenarios for Bitcoin’s price action and highlight key support and resistance levels to watch. Additionally, we examine Cardano’s charts, including its consolidation pattern and the possibility of a double bottom formation. Despite the current challenges, we maintain a bullish outlook for Cardano based on its fundamentals and long-term potential. Stay tuned for more technical analysis, crypto news, and market updates. Don’t forget to like and subscribe for daily content.
Intro 00:00
Big moving average move 00:45
BTC targets 4:00
Cardano 7:25
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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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22 Comments
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