BITCOIN (BTC) and the cryptocurrency markets have been extremely euphoric lately, driving prices to new all-time highs and pushing the market cap for Bitcoin (BTC) OVER $1 TRILLION!!! This is definitely a pretty huge milestone for the bulls, but are we going to experience a mini burst of this euphoria-driven bubble?
In the video today, we’ll talk about some of the bearish cases for the crypto markets in the current environment so that hopefully you can better prepare yourselves for WHEN the inevitable correction does happen. A retracement to backtest previous resistances as support is a VERY good and healthy thing that all bullish markets need to do in order to sustain a greater move to the upside. With crypto’s very extended, let’s talk about some key indicators that let us know that a potential trend change for the shorter-term is likely coming in the near future.
Overall, pullbacks ARE A GOOD THING!!!! If you haven’t seen my videos yet on why, check the links below:
Top Three Tips For Surviving A Crypto Pullback
Reasons Why Crypto Pullbacks Are A Good Thing
Do you think a pullback is coming? Post your sentiment and thoughts in the comments section below!!!
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The content in this video is my own personal opinion which I have made from my own personal analysis. The views are my own beliefs. Always be cautious when investing in cryptocurrencies. This should not be treated as financial advice. Never invest more than you can afford to lose.
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