this bitcoin flash crash is so bullish [p2Lor1LI0kp]
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In this video, I discuss the recent significant move in the Bitcoin price, noting an 8% downside in a short period. I provide context on the broader crypto market, highlighting the importance of Bitcoin's price action around the 20-day and 50-day moving averages in a bull market. I then delve into the historical trends, particularly the January after the Bitcoin halving, which has been a historically bullish period. I analyze the current technical setup, identifying potential support levels and scenarios, including continuation to the upside or a potential pullback. I also compare the current market conditions to the previous bull cycle, emphasizing the normalcy of the current market move in the broader context of the bull market cycle.
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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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