In this video, I discuss the recent sideways movement of Bitcoin and its seemingly muted response to bullish news within the crypto space. I highlight three significant headlines: Grayscale winning a court battle against the SEC, XRP being ruled as not a security after a lengthy legal battle, and the filing of the first US spot Ethereum ETF by ARK. Despite these positive developments, I suggest that the current market dynamics are more closely tied to the broader cycles of cryptocurrency. Drawing parallels to historical price movements, I emphasize that we are in a period of accumulation before the next Bitcoin halving in 2024.
This phase typically involves sideways or downward price movement and is essential for setting the stage for the next bullish cycle. While it’s tempting to expect immediate price surges in response to positive news, it’s crucial to remember that markets follow their own cyclical patterns, which may not align with short-term events. I also point out technical indicators, such as moving averages and RSI, that resemble patterns from previous cycles, indicating that we might be in a similar phase. Ultimately, I encourage viewers to maintain a long-term perspective and understand that bullish narratives may fully materialize during the upcoming bull market, which I anticipate will follow the current accumulation phase.
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Intro 00:00
Grayscale wins and nothing happens… 00:35
XRP wins and nothing happens… 1:00
ETH ETF potential and nothing happens… 1:30
Is crypto manipulated? 1:50
Crypto cycles 2:40
We are in the last phase of pain 5:00
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19 Comments
Good one, Dan. I think you’re right on with the comparative analysis to the previous halving cycles. Barring another black swan event like Covid, any minor dip to ADA is just going to lead us to the bull run escalation.
👉 I appreciate you, brother. Thanks for your consistency to the community. I'm most thankful for a consistent voice in this space who's also consistently godly. God bless you. 👍
Love your chanel . Great insite . CCV1 invested !
I've never hit the "like" button so fast before. Amazing!
Hi Dan! This is fantastic, but… Have you heard how MASSIVE Liqwid Finance is going to be in the near future??? 😃 (your daily reminder)
My opinion. If you get an etf aprovel, if the rates are going down, if you have clear legislation and if their is overall accepting of crypto then all investors are in the clear.
Hoopeum seller
4:17 I think ARKnis kind of yesterdays News… not much success past years
Wil there be a cardano ETF ?
Thx again man, what's all your video's. Always a great content 😉🤙
Looking forward to a Snek coin ETF
Dan, thank you for sharing the analysis: I believe you are correct.
Dan, thank you for sharing the analysis: I believe you are correct.
I dont know, dudes. I think crypto and all these ICOs are just a bubble. Well, crypto is good for transfers and so on, but I dont engage in trading and staking either. Its too risky. My friend recently lost $5000 there. I invest crypto in real business
You still bulish on Base lol.
Thanks Dan ! 👍❤
Hey, talk about cardanzo pls. It is always funny.
Its going great wiht Ada😂😂
Nothing is as powerful as an idea whose time has come. As good and powerful as crypto is, remember, behind the scenes there is probably super crypto currency being developed. Technology marches on and nothing seems to be able to stop it. The current financial system will collapse under its own debt load: countries spending more than their GDP deserves.