Countdown To Next Major Crypto Move! | Which way will Bitcoin & Altcoins Go?

Today, Kyledoops uses technical analysis to determine what the Bitcoin price is likely to do over the weekend. Will the weekend’s Crypto price action create a catalyst leading into the next week? Will the Bitcoin price go up or down? Get your questions answered in this all-important crypto short live and don’t miss your daily Bitcoin & Altcoin trading update.

Host:

Kyle Doops
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Disclaimer:
Crypto Banter is a social podcast for entertainment purposes only.
All opinions expressed by the hosts, guests and callers should not be construed as financial advice. Views expressed by guests and hosts do not reflect the views of the station. Listeners are encouraged to do their own research.

#Bitcoin #Altcoins #Trading #Crypto

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00:00 Bitcoin Price Today
01:20 Bitcoin Technical Analysis
02:05 Inverse Head and Shoulders Pattern
02:35 Bitcoin Price Bullish Scenario
03:10 Bitcoin Price Bearish Scenario
03:40 Follow Kyle Doops on Twitter
04:14 Ethereum Price Today
04:50 Bitcoin Moon Chart
05:20 Risk to Reward on Bitcoin
05:45 Bitcoin Lower Price Possible
06:31 Quarterly Futures Close Out
07:00 Traditional Markets Update
07:30 US Dollar Index (DXY)
08:37 Bitcoin Price Weekly Chart
09:22 Dollar Cost Average Calculator DCA
09:58 Moving Averages Explained
10:42 Have a Plan and Stick with it
11:27 Unix Gaming

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Related Questions:

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The last few months have been a rough ride for cryptocurrencies. As global central banks have shifted to raising interest rates to curb inflation, the price of digital assets has fallen. A crackdown on Bitcoin mining has escalated in China, which was largely responsible for the crash earlier this year. China’s National Development and Reform Commission (NDRC) announced Tuesday that it may levy punitive electricity charges on crypto mines. At the same time, the dollar is gaining strength against other fiat currencies, and cryptocurrency-related applications such as Coinbase and Xapo are taking unusual steps to protect themselves from liquidations. Recently, a bitcoin exchange-traded fund called ProShares announced plans to launch a shorting ETF that would allow investors to speculate in cryptocurrencies.

Bitcoin and Ethereum are the two leading cryptocurrencies. Bitcoin is the first cryptocurrency and was launched more than a decade ago by an anonymous developer known as Satoshi Nakamoto. Since then, the technology underlying Bitcoin has taken on a life of its own. And since then, numerous other cryptocurrencies have emerged, including Litecoin, Ethereum, and Dash. As a result, the cryptocurrency market looks like a crowded space full of similar offerings.

Cardano is the latest cryptocurrency to hit the headlines, after the Bitcoin price crashed by 25% on its worst trading day ever. While the stock price is still trading above its long-term trendline, it is 83% down from its November highs. The health of a cryptocurrency can be measured by many metrics, but two are especially important. Active users and prices are the most immediate indicators of a coin’s health. For example, Santiment’s Daily Active Addresses can give a quick assessment of a coin’s overall health.

Solana is another cryptocurrency that is holding up well in the crypto winter. Solana is a decentralized app platform that uses the proof-of-history consensus mechanism. Solana has a higher rate of processing transactions than Ethereum and is currently used by Degenerate Apes and Serum, a centralized exchange. Its comparatively fast speed makes it a superior alternative to Ethereum and Visa, which are both centralized payment processors.

Despite these risks, cryptocurrency prices are expected to grow over time. Although they are a hot topic, there are also a number of uncharted waters. Even with its high volatility, cryptocurrency prices can fluctuate dramatically. You must be aware of these risks before investing. If you’re thinking of investing in a cryptocurrency, it’s best to choose an investment strategy that suits your investment horizon. If you’re still unsure about crypto, SmartVestors can help you build wealth without putting your money at risk.

Although cryptocurrency is popular, the risks of investing in cryptocurrency are considerable. It’s not a safe investment for the faint-hearted, but it can provide a good income for those who are able to understand the risks involved. Just remember that the value of a coin changes with the trend. Be careful, however, and don’t invest in cryptocurrency until you’re sure it’s the best choice for your financial future. Once you understand the risks involved, you’ll know what’s right for you.