Hello and welcome back to another video! I have another fascinating update for you about the recent developments in the crypto market. I've been on vacation for a while, so it's been a while, but I'm back with a fresh look at the key issues that matter to us
In the video above, I discuss the recently approved Bitcoin (BTC) ETF, Bitcoin price action, and of course, what altcoins will do next.
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Bitcoin ETF causes interesting movements
The approval of the ETF was, of course, big news. We have seen interesting movements in the market that give a lot to think about. The big question now is whether we will see a major correction, as some suggest, or whether the rally will continue. And what about the altcoins? I would also like to talk about that today.
We'll start with the Bitcoin price. There are some interesting things to see on the 4-hour and daily charts. For example, the momentum indicators give certain signals. The recent Bitcoin ETF approval caused a lot of volatility. First there was a rally, then a decline due to a fake approval news, and finally a real approval that caused the price to rise again.
I've already talked about this in a previous videoBuy the rumor, sell the newsPhenomenon and you saw that here too. What made me positive, however, was that the price drop after the fake news was relatively bad. The price found support around $42.5K and even closed above key levels Moving averages.
Are you curious about my complete view of the market? Then quickly click play above to watch my latest video!
Bitcoin, crypto and stocks
David has been working with cryptocurrencies since 2013. In 2018, he became part of the Crypto Insiders team, sharing weekly price updates and macro updates. In 2021, in addition to his work as a shareholder at Catena Investments, he started a YouTube channel to share his knowledge and insights about investing in cryptos, stocks, NFTs and other assets. Would you like to learn more about his vision and insights? Then follow him on his YouTube channel!
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