In this video, I delve into the current landscape of Bitcoin and the broader cryptocurrency market, highlighting the bullish indicators and the potential for a crypto bull market. I start by examining Bitcoin's long-term trajectory on the monthly chart, signaling that we're just at the beginning of a bull market, despite recent geopolitical tensions and market volatility, particularly referencing events in Israel over the weekend. A significant development is the approval of a spot Bitcoin ETF in Hong Kong, marking a major milestone towards Bitcoin's valuation reaching $1 million per coin. This event underscores a global competition over Bitcoin's limited supply, evidenced by the rapid accumulation of Bitcoin by ETFs in the US and now Hong Kong. With the Bitcoin halving event just days away, I discuss the historical significance of halvings on Bitcoin's price and the crypto ecosystem at large. I also touch upon the technical aspects of Bitcoin's current price action, analyzing short-term structures and the implications of recent fear-inducing events. Despite these challenges, Bitcoin's position remains strong, indicating potential for significant growth. Additionally, I explore the MACD indicator's insights and the implications of Bitcoin's ETF news and upcoming halving for the altcoin season. Concluding, I stress the importance of pacing and maintaining a balanced perspective amidst market fluctuations, as we navigate the evolving crypto landscape.
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Intro 00:00 Hong Kong approves Bitcoin ETF! 00:30 Crypto bull market still at starting line 1:40 Short term BTC price resistance 4:50 Maybe one more dip & targets 7:20 Altcoin season approaching 9:30
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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.
