CRYPTO NEWS – Bitcoin Will Exit Extreme Bear Market Once This Indicator Flashes
Matthew Hughes
1 min read
CRYPTO NEWS – Bitcoin Will Exit Extreme Bear Market Once This Indicator Flashes
⏰ Timestamps
Intro: (0:00)
Bitcoin Has Been Declining For Six Weeks in a Row: (1:11)
Tide Turning Changes: (2:15)
Crypto News: (3:12)
Bitcoin Price: (4:41)
Ethereum Price: (5:15)
Outro: (06:10)
With the positive dynamic on the U.S. dollar, risk assets like cryptocurrencies are facing relatively high selling pressure as investors move their funds toward safer options or are “tethering out.”
An additional source of pressure on digital gold came from increasing outflows from the cryptocurrency market. Despite the most recent success of BTC, Ethereum and other digital currencies, institutional investors are still moving their funds away from crypto.
Ethereum’s Merge update date initiated a short-term rally on the market with BTC reaching $25,000, Ethereum aiming at $2,000 and cryptocurrencies in general gaining around 20% to their values.
Unfortunately, with the lack of inflows and a fundamental change in the monetary policy of the U.S., the market’s sentiment remains the same.
<I respect your work mate. TA Is all well and good but I find It truly baffling that all major crypto youtubers just look at pure TA and completely ignore the bigger narrative of why BTC Is dumping and why the future outlook might not be as rosy as It seems. It's kinda irresponsible to Ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC.. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market.This Is the worst possible time in history to invest as so many don't back up their crypto assets…more emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the Market..I have made over 12btc from day tradng with Donald Smith, insights and signals In less than 3 weeks, this is one of the Best medium to backup your assets incase it goes bearish..
I< think the difference in this instance is that analysts are stating that we are heading for a DEPRESSION! so this changes everything in the grand scheme of things when talking about possible new ATHs. Great points in your video. I agree and suspect it may be too convenient to think BTC is perfectly correlated to S&P/Nasdaq and Altcoins to BTC. Refreshing to hear reasonable market analysis that takes a bigger picture perspective. So many people are squabbling over timing the exact bottom. That short-term thinking is such a rookie mistake. By dollar cost averaging and holding for several years, it takes the guesswork out. Next bull runs it won't be a huge deal if we bought at 21k or 17k. What will matter is that we are accumulating while the price is relatively low. I'm really holding on for this possible low point reentry, I screwed up some time back & I need this lower point to get back in, I’ve small cash on the sideline I don't like that but I refuse to FOMO in. Our younger investors are scared, they're concerned about what they should do because a lot of them have not been through this before. My advice to them is this, go all out into trading. Trading is where the bucks are been made. I see the stock market, housing values going down, and crypto going up. Traditional markets are getting recked. The new economy is crypto, not fiat. People want truth, not corruption, contracts not monetary easing. Venturing into crypto trading investment has been a turning point for me with the help and tutoring from my investment Advisor Mr Scott Nathan. With his guides and the trade signal, I use in trading, I have moved from having 0.8 BTC to atop 2.3 BTC in a short period of time. Invest today and trade your crypto assets with the best tutor trader. bufferingͲeIєɠɾαm 👉 scotnath1 for more info or mentorship on how to invest trade and earn with his top-notch trade signal