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    Bitcoin ETF Approval Could Explode BTC to $50,000!



    In my video, I delve into the possibility of Bitcoin reaching a $50,000 target, driven by technical analysis and the potential impact of a spot Bitcoin ETF approval. Currently, Bitcoin is priced around $35,000, and I explore how the approval of a Bitcoin ETF, especially with a 90% chance by January 10, could significantly influence its value. I highlight the speculation around a brief window for ETF approval starting November 9 and consider the impact of institutional Bitcoin, which might become permanently locked in investment funds, differing from retail Bitcoin in utility and price. Additionally, I analyze the market through charts, noting a falling wedge pattern suggesting a potential rise to over $50,000. However, I caution viewers about the possibility of Bitcoin’s price decreasing due to factors like bearish divergence in technical analysis. I conclude that while we may see short-term fluctuations, overall market consolidation is normal and healthy as we approach the next Bitcoin halving in spring 2024.

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    0:00 – Intro
    0:55 – Bitcoin ETF Speculation and Impact
    2:15 – Institutional vs. Retail Bitcoin Explained
    3:30 – Scarcity and Bitcoin’s Increasing Value
    4:50 – Falling Wedge Pattern and $50K Target
    6:50 – Caution: Potential Bitcoin Price Pullback
    8:00 – Bearish Divergence in Bitcoin’s Momentum
    8:45 – Technical Indicators: RSI and Price Movements 9:30 – Bitcoin’s Historical Consolidation Patterns

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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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    View 18 Comments

    18 Comments

    2. Beatrice on

      I just figured out yesterday that most rich crypto holders invest with professional crypto traders to learn new strategies and earn huge amount of money. How true is this?

    6. David Parker on

      We also need to understand that BTC and ETH ETF's are in the cards for sure as you say, but NO ETF'S for any other crypto. The SEC is still going after anything that's not BTC and Eth! That will likely favor BTC and ETH dominance. The ETH ETF will follow shortly after BTC likely in Q1 2024.

    8. Sharon Paul on

      Thanks for continues updates👍I'd rather trade the Crypto market as it’s more profitable. I make an average of $34,020 per week even though I barely trade myself

    9. Anonymous one on

      Dan, please do a good clip on cardanos ecosystem. There's a certain clown out there that I won't even mention the name that is trying to cast a negative outlook on Cardano. Let's show him what's really going on. Your the man to do that.😎

    10. Fellow Trader on

      When ETF approved its time to sell, if buyers FOMO into buying after ETF approval and price shoots to 50K – that is PERFECT level to sell,because 45k-50k is when SMART money sells.

    11. intoTheCosmos on

      do you notice how EVERYYYONE is thinking lower is coming or pull back must happen, its the same story last bull run, but BTC kept going up, from 20k to 30k to 40k etc… it doesnt HAVE to pull back, just keep buying / DCA in, the price is irreverent now with whats happening, we just know one thing is certain, and thats bitcoin is undervalued.

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