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Why I Remain Bullish About Bitcoin & Crypto For 2024
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What's Good Bitcoin? Market Crash Is Here! This video is an extract of today's live session, in which I discuss the latest market crash, Bitcoin's crucial levels, and bring up some long-term predictions. Tune in and let me know your thoughts. 👉 Found
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Bitcoin: That Escalated Quickly! In Friday's Coffee & Crypto session, we discussed the high risk of Bitcoin dropping to its channel low and the possibility that this might happen this week. And it looks like Bitcoin had no time to lose. After a massively bearish weekly candle close, Bitcoin dipped immediately to ~52k, dragging altcoins into the abyss. Currently, the market's fear is incredibly high, reminding me of the Corona crash. However, this time, it is a mix of reasons (Check out this article about the reasons behind the crash). As already mentioned, the lower channel trendline is the level to watch right now. As long as we stay in the channel and don't have a candle close out of it on a higher timeframe, we're okay. A drop below and confirmation would, IMHO, lead to a longer bearish scenario. In this case, it becomes essential to adjust the mid-term predictions and strategy. However, I expect the bleeding to end soon. Bitcoin has lost ~25% so far. Since typical Bitcoin corrections are between 20% and 30%, we should see the bottom soon. And then, the above comes into play. In terms of a correction, we should gradually rise again and continue the bullish plan. In case the trendline breaks, we might enter a longer bearish phase. Let's hope for the best! $BTC #Bitcoin❗ #crash
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Monday's Almost Here! Don't Forget To Tune In! Tomorrow's Coffee & Crypto session will be one of the most important. I'll discuss the crypto nation's current state and how to proceed from here. I will also explain why "buy the dip" and "sell, we are going to zero" are both wrong. Make sure to tune in! 8 AM UTC! Join Me Here!
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JASMY Back At Crucial Level — Weekly Close Important! JASMY had a rollercoaster ride today. Intraday, the token lost almost 15% before reversing sharply. At the time of writing, JASMY is down "only" 3%. More importantly, JASMY bounced back to its crucial support level. Although the market is currently heavily driven by external factors and less by a token's chart, it would be important to close the weekly candle at or above this level. Otherwise, the selling pressure could increase even more when Bitcoin starts the week with another sell-off. Additionally, IF this were the bottom, JASMY would have been able to make a higher low compared to early July, which would be the first bullish sign of a reversal. $JASMY #Jasmyusdt⚠️⚠️
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