BITCOIN BULL MARKET OVER? Institutions are coming for your CRYPTO!
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In this video titled Sheldon Evans provides a comprehensive analysis of the current state of the Bitcoin market. He delves into the factors influencing Bitcoin's price and explores the dynamics of the ongoing bull market. Evans examines the range-bound movement of Bitcoin within the $30,000 to $31,500 range, emphasizing the significance of low trading volume in this context. He also discusses the potential market manipulation associated with Binance's zero-fee trading and the implications of high trading volume.
Furthermore, Evans highlights the statements made by BlackRock CEO Larry Fink regarding Bitcoin's potential as a global currency and its performance compared to traditional assets. He underscores the importance of understanding market dynamics, including the influence of retail FOMO, and the actions of institutional players. Evans advises viewers to stay informed, be cautious of manipulative tactics, and critically assess the speculative nature of cryptocurrency investments.
The video concludes by addressing recent XRP news and its potential impact on the market, underscoring the role of speculative events in driving price movements. By looking at Bitcoin's price analysis and determining if the Bitcoin bull market is still in effect. Evans provides viewers with valuable insights into the current market situation and the factors driving Bitcoin's price during this bullish phase.
#cryptocurrency #bitcoin #btc
Disclaimer:
The content covered on this channel is NOT to be considered as investment advice.
I’m NOT a financial adviser. These are only my own speculative opinions, ideas and theories/hypotheses on the market.
The technical analysis on this channel is completely speculative and does NOT guarantee any specific result or profit.
The technical analysis on this channel has NO proven rate of accuracy and past performance is NOT indicative of future results.
Do NOT trade or invest based upon the analysis presented on this channel. Always do your own research and due diligence before investing or trading. I’ll never tell you what to do with your capital, trades or investments. I’ll also never recommend for you to buy, sell, long or short any asset, commodity, security, derivative or cryptocurrency related instrument as it's extremely HIGH RISK! You should always consult with a professional/licensed financial adviser before trading or investing in any cryptocurrency related product.
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