In my video, I delve into the possibility of Bitcoin reaching a $50,000 target, driven by technical analysis and the potential impact of a spot Bitcoin ETF approval. Currently, Bitcoin is priced around $35,000, and I explore how the approval of a Bitcoin ETF, especially with a 90% chance by January 10, could significantly influence its value. I highlight the speculation around a brief window for ETF approval starting November 9 and consider the impact of institutional Bitcoin, which might become permanently locked in investment funds, differing from retail Bitcoin in utility and price. Additionally, I analyze the market through charts, noting a falling wedge pattern suggesting a potential rise to over $50,000. However, I caution viewers about the possibility of Bitcoin’s price decreasing due to factors like bearish divergence in technical analysis. I conclude that while we may see short-term fluctuations, overall market consolidation is normal and healthy as we approach the next Bitcoin halving in spring 2024.
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0:00 – Intro
0:55 – Bitcoin ETF Speculation and Impact
2:15 – Institutional vs. Retail Bitcoin Explained
3:30 – Scarcity and Bitcoin’s Increasing Value
4:50 – Falling Wedge Pattern and $50K Target
6:50 – Caution: Potential Bitcoin Price Pullback
8:00 – Bearish Divergence in Bitcoin’s Momentum
8:45 – Technical Indicators: RSI and Price Movements 9:30 – Bitcoin’s Historical Consolidation Patterns
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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.
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Can you address these spam comments that try to sucker people into thinking that some named person in the comments has made them so much money. I used to report them all, but it's exhausting. Because they have multiple replies on a comment thread that are designed to support the original comment.
Maybe just mention it for any newcomers, and remind them not to give their money to anyone or trust random people who claim they will make them rich.
Anyway, great video! Exciting times. God bless
Were coming into a depression and this is definitely a buy the rumor sell the news thing going on. Dont be fooled we are in a bear market and this is clickbait hopium crap
Se o ETF entrar chainlink bate 50 dólares e cardano volta aos dois dólares de momento, btc vai pra 60 mil usd
Nice video, trading comes with a lot of benefits And I have just bought my first house through it
As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.
Where can I buy AEK200x. Also, which are the best apps to buy crypto? I already have Coinbase
Oh course there is the argument, and based on past manipulation, perhaps more likely option that an approval of the etf will be a massive buy the rumour sell the news event. ETF approved and prices plummet. Be prepared!
Engaging in an individual market option is fair
but its performance level can’t generate high dividends. Diversification is the secret to optimal performance, that’s why I have my interest set on options based on projected growth and performance.
Pepe is the coin you absolutely must have.
💯x
for all of you new here . The crypto is kinda pumping so these kind ofchannels reemerge again. This guy here is one of the chillest ones , not shilling to much and has some logic, however he destroyed alot of people by shelling coins like PBX at the top , so that he most likely can dump his bags. Please , for all you new people , remember that this guy and guys like him are NOT EXPERTS , they just made some money because they bought when the crypto was in deep bear.
Pepe is an absolute must have
Great video. I’ve been thinking along the same lines.
Thanks Dan
You haven’t hearted my comments in a while.. and I know why.
But thanks anyways
Pepe is the 💯 x coin
SEC will drag their feet!!
Dan would you consider moving your video box to the bottom left instead of right side of the screen? Long time viewer from the 1000 sub days. Lately there has been many times where I wish I could read the chart of whats hidden by your video
I think the Bitcoin ETF is overestimated. Of cause we got bullish patterns. But I would rather expect some more sideways action and downgrades. Liquidity is not there yet.
Please do a video on Coti
Thanks for the shoutout! 4:52
Could you do a comparison for ada and Coti moving into the bull market