In this video, I discuss the current dip in Bitcoin and the broader crypto market, expressing gratitude for this downturn—not for the typical "buy the dip" reasons, but because I see it as an essential phase in the continuation of the bull market. I delve into why such corrections are not just normal but healthy, offering a deeper analysis on Bitcoin's performance compared to its past cycles and how it's performing earlier than expected this time around. I highlight the significance of Bitcoin's price movements in relation to the halving cycles, suggesting that we're currently spoiled by the market's performance, with Bitcoin trading higher than it should if it were following the historical patterns. This early movement is partly due to a supply shock and the narrative around spot ETFs. Moreover, I touch on the crucial role of retracements in sustaining a long-lasting bull market, illustrated by the Fibonacci retracement levels and the concept of "bull market doors." Transitioning to altcoins, I analyze their current stage in the cycle, comparing it to previous cycles and setting realistic expectations for their performance pre- and post-Bitcoin halving. By dissecting both Bitcoin's and altcoins' trajectories, I aim to provide a comprehensive view of the market dynamics at play, reinforcing the idea that current dips are bullish indicators for the future.
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Intro 00:00 We have been very spoiled 00:45 Here is where BTC price actually should be 1:05 Exactly why this Bitcoin dip is normal 5:00 Short term BTC support 7:50 Altcoin markets are early 10:05 DOT, LINK, ADA, MATIC 11:20 Altcoins season and Bitcoin dominance 13:45
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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.
