Hello guys, welcome back to a brand new video. In this video, I focus on Bitcoin’s (BTC) remarkable recent rally. Of course, other cryptos will also be included!
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Bitcoin is rising fast, but I remain cautious
After a short break during which I took part in the Valencia Marathon, I return to the crypto world to discuss these fascinating developments. What is striking is Bitcoin’s breakout of the resistance at $31,000, which led to a sharp rise to as high as $44,000.
Despite this impressive trend, I am personally cautious about buying at this high level. My strategy focuses on buying dips and waiting for a healthy correction.
Ethereum (ETH) followed a similar trend with a quick increase to my first target of $2,250 after breaking through key resistance. Here too, I remain cautious and consider additional purchases to support at lower levels. When it comes to other altcoins like Phantom, Dogecoin and Avalanche, I watch the market looking for potential opportunities. Watch my video above for my full analysis!
Bitcoin, NFTs 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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