Bitcoin MEGA Rally! Big Money Just Getting Started!

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In this video, I discuss the remarkable milestone Bitcoin has achieved by breaking another all-time high on March 11, 2024, delving into the significance of entering a bull market phase and the concept of price discovery not only for Bitcoin but for the cryptocurrency sector as a whole. I explore the historical context, including the SEC’s rejection of the Winklevoss brothers’ Bitcoin ETF bid seven years ago, contrasting it with the current acceptance of Bitcoin spot ETFs and the burgeoning institutional interest driven by entities like Blackrock. Analyzing the daily and weekly charts, I aim to provide insights into Bitcoin’s price action, volatility, and the potential for further upside, while addressing the concerns of overextension from moving averages and the natural cycles of consolidation and volatility within the market. I highlight the importance of understanding Bitcoin’s role in the broader macroeconomic landscape and the ongoing shift in institutional strategies towards cryptocurrency investments. The video is intended to track my journey in the crypto market, offering analysis and perspective on navigating the current bull market, with a particular focus on technical indicators like the Relative Strength Index (RSI) and moving averages to anticipate future movements.

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Intro 00:00
The demand is just at starting line 1:00
Is Bitcoin really overbought? 2:15
Bitcoin price volatility warning 3:45
BTC price targets 9:05

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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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Posted on

March 11, 2024

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