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Welcome back to the crypto report I’m black C and I have another video for you guys today I want to take a look at crypto.com crcoin because we are breaking a very key level take a look at Bitcoin and the entire crypto market and see where we could be headed here so

Without further Ado let’s hop into this video so guys right now Bitcoin is trading just barely below $44,000 at $43,500 basically up about 4% on the day Bitcoin dominance still climbing guys very interesting to see that Bitcoin downrating at 52.0 n% when excludes stable coins is more so around 54.0 n%

So what we’re seeing is this liquidity people are taking some profits and putting it back into Bitcoin just shuffling it in shuffling it in it’s honestly um exactly what I want to see U leading into this Bitcoin having but let’s talk about that a little bit because guys we obviously didn’t hear any

Approval or rejection yesterday on Friday when all the rumors were that the Bitcoin spot ETF was going to be approved because Fridays are usually when they like to do those things so what does that mean guys there’s only four days which is really only only on Monday Monday is the deadline for this

Bitcoin spot ETF approval rejection delay uh you know the word deadline is such a they shouldn’t use that word because they can delay it uh they could it doesn’t have to be approved or declined by or I should say rejected by the 10th by this quote unquote deadline

Um it could be delayed uh it’s uh but that’s what everyone is focused on the idea that it is a deadline and it has to be approved or rejected on the 10th so there’s some volatility in the market I mean i’ I’ve been saying guys to keep a

Very close eye and be vigilant because we’re going to get lots of whiplash Behavior I me if you look at like the let’s look at the daily first before we look at a lower term time frame like the the whip lashy behavior in price action

Is uh pretty ridiculous and uh I could I think that it’s going to continue to be this way you know come up to test 45,000 and then have a a nice dump to liquidate the Longs and then just chopping back and forth but really whip lashy not um

Not like a sideways consolidation chop more so just to wipe out the Longs and wipe out the shorts really uh get inside of people’s heads before this big news event is released and um make people think that it’s going to be a sell the news event make people think

That it’s going to be a buy the news event I’m still I’m cautiously optimistic that it won’t be a sell the news event that’s the best way for me to say it I think that it’s possible that it will be a sell the news event but um the thing

That makes me cautiously optimistic that it won’t be is that a lot of the mainstream media is saying it’s going to be a sell the news event that doesn’t happen that doesn’t happen when when the mainstream media when the majority think something is it going to be a sell the

News event it probably won’t be it probably won’t be uh but uh I’m not saying that it we couldn’t come down to say 40,000 I think that’s an appropriate level to come down to if it is a sell the news event maybe even uh spook some

People even more and come down to say 38,000 37,000 but guys I think that that’s a very nice price level to come to if we can come down to 37,000 40,000 would be nice but 37,000 it’ll cause enough pain but it’s a higher low it’s it’s when you zoom out

Here it’s it’s bullish it’s a good thing it’s a it’s a higher low it’s bullish price action guys and that’s what we want to see we want to see some bullish formations start to form out and uh not just go straight up because if we just go straight up we’re going to come

Straight down fast and I want to see some consolidation some higher lows before we get to this Bitcoin having guys and and I think that I’ve been leaning into the idea that quarter one of 2024 will probably be more of a sideways price action year I mean

Unless I mean if if this is a buy the news event if um the market really starts to pump significantly off of a spot ETF being approved there could be some fireworks um we could test 55,000 60,000 before the Bitcoin having which is in about two months or so in

April but I am leaning more towards the idea that we come down just a little bit come down just a little bit because then the next trade is the having trade it’s that’s going to be the Talk of the Town is the Bitcoin having coming up price

Shock miners rewards getting cut in half supply and demand that’s going to be the next trade and that’ll be what starts to get people hyped up uh for this next bull market hype cycle be patient guys but I want take a look over at crcoin a little bit because Crow coin has

Unfortunately broken down below the 10cent price level once again unfortunate to see uh but that’s what’s going to happen when bit coin is garnering more dominance and people are taking profits and uh bitcoin’s coming down a little bit um it’s showing that we’re in a more cyclical Market which is

Healthy that’s good it shows that it’s kind it’s kind of the cycle the cyclical nature that we’re seeing right now is a good indication that guys we’re in a bull run we’re in a bull market we’re we’re starting to get to that point here um we like to see cyclical Market

Structure it shows that the price actions bullish it shows that um there’s a bull run right around the corner a hype a hype cycle coming um but um unfortunately instead of making this W pattern we got the breakdown we did not uh we did not stay I really wanted was

Really hoping for that resumption off but uh Bitcoin had other ideas Bitcoin had other ideas this is how it goes Bitcoin is the tide that raises all the boats it’s also the tide that can crash the boats into the shallow Waters it’s a thing it’s a thing you got to be very

Cautious about it that’s why altcoins are higher risk High reward but that being said guys you just got to be patient um right now I don’t think would be an appropriate time to be selling uh these dips are for buying especially with my thesis here that we’re going to

Be making a higher low um or if it’s a not a sell the news event then we’re going to go straight up so these dips are for are for buying but guys if you like this type of content please like this video subscribe to the channel right now be patient if you’re holding

Crow be patient if you’re holding any crypto really um the good stuff is right around the corner guys the having is only a couple months away it’s a it’s coming it’s coming it’s going to be a lot of fun but um also can you please go follow me on

Twitter at 323 blackz I’m very very active over there I also have some awesome referral links in the description below here $4,100 sign up bonus to fex $88,000 sign up bonus to bitg get lots of free money to take advantage of but that’s all I got for

You guys thank you so much for watching I’ll see you in the next one bye