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In this video titled Sheldon Evans provides a comprehensive analysis of the current state of the Bitcoin market. He delves into the factors influencing Bitcoin’s price and explores the dynamics of the ongoing bull market. Evans examines the range-bound movement of Bitcoin within the $30,000 to $31,500 range, emphasizing the significance of low trading volume in this context. He also discusses the potential market manipulation associated with Binance’s zero-fee trading and the implications of high trading volume.
Furthermore, Evans highlights the statements made by BlackRock CEO Larry Fink regarding Bitcoin’s potential as a global currency and its performance compared to traditional assets. He underscores the importance of understanding market dynamics, including the influence of retail FOMO, and the actions of institutional players. Evans advises viewers to stay informed, be cautious of manipulative tactics, and critically assess the speculative nature of cryptocurrency investments.
The video concludes by addressing recent XRP news and its potential impact on the market, underscoring the role of speculative events in driving price movements. By looking at Bitcoin’s price analysis and determining if the Bitcoin bull market is still in effect. Evans provides viewers with valuable insights into the current market situation and the factors driving Bitcoin’s price during this bullish phase.
#cryptocurrency #bitcoin #btc
Disclaimer:
The content covered on this channel is NOT to be considered as investment advice.
I’m NOT a financial adviser. These are only my own speculative opinions, ideas and theories/hypotheses on the market.
The technical analysis on this channel is completely speculative and does NOT guarantee any specific result or profit.
The technical analysis on this channel has NO proven rate of accuracy and past performance is NOT indicative of future results.
Do NOT trade or invest based upon the analysis presented on this channel. Always do your own research and due diligence before investing or trading. I’ll never tell you what to do with your capital, trades or investments. I’ll also never recommend for you to buy, sell, long or short any asset, commodity, security, derivative or cryptocurrency related instrument as it’s extremely HIGH RISK! You should always consult with a professional/licensed financial adviser before trading or investing in any cryptocurrency related product.
23 Comments
🚨Do you think we hit a new or previous ATH in 2023 or is it down from here?
U r correct i have been aoserving marjet move with media narrituve means flash crash offset the newbies and buy low for them
I started investing when I was 37, mostly through sweat equity. I just turned 42 and this last month was the first time that my passive income broke $500k for the month. This is a solid advice! DO IT!
You know, being in crypto since late 2016 and seeing all the ups and downs since then, I've noticed that narratives are exactly the same in each period of the cycle. Right now we are back in the "ETF" "Blackrock" "they want your crypto" which I see always at the top of a fake run. It is all designed to make you yolo just before a big crash, so you don't have any capital left to buy at the low lows. It's hilarious how people fall over for the same lies over and over again 😁
What bull Market Shelly?
but they won't trap me
Until the quantum computer we are safe 👏
Nice fud dude, this is stupid as hell
Sheldon has returned. It. is. time.
🙏
Bull market? What bull market?!?!?! 🤣🤣🤣🤣🤣
you might be coming for our crypto. The institutions? theey accumulate. If you cant see the bullmarket right now you should be out already.
'It's only hype that drives the price' – spot on advice 👍
👍😎
"A successful man is one who can lay a firm foundation with the bricks others have thrown at him." —David Brinkley
They won't manipulate me😊
Man i like you're style. Subscribed my friend !!
Sheldon following you from more than a year keep up the great work and please make a video on alts to buy this bull run
The bulls are broke. It’s bear season
Where have you been bro ?
Bull market is not over as its not started. Bitcoin is in a retrace, no need for the FUD thumbnails bud, it scares away the newbies ✌🏻🇬🇧
They won't manipulate me also!
They won´t manipulate me.