Bitcoin and the entire cryptocurrency market has been trading sideways and we have some breaking news that is going to be happening very soon. Is Bitcoin and the entire cryptocurrency market doomed for a bigger correction or are we going to see a bounce back towards the upside? I'm going to be sharing all of these news and updates with you as well as new Altcoins.
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TIMESTAMPS
00:00 Urgent news for all crypto investors
01:09 Market watch & news
03:46 FIRST ALTCOIN
05:20 SECOND ALTCOIN
07:05 Bitcoin regulation
08:50 More news
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Bitcoin at the time of this recording is at $36,850, and you can see we definitely have been trading a little bit sideways ever since we had the news from Jerome Powell, basically where they said a whole lot of nothing about interest rates, dealing with inflation, and what's going to happen next for the economy in the stock market.
We did see a little bit of volatility, we went all the way up to approximately $40,000, and then we have trended back down to $35,000, and now we are sitting right in between.
I want to share with you a few different scenarios as well as some breaking news with cryptocurrency that you're really not going to want to miss.
According to some Bitcoin analyst, Bitcoin’s bounce at $36K means that it’s time to start thinking about a bottom: "Top traders are starting to search for optimal long entries for BTC even as concerns about the Federal Reserve’s new policy directive weighs on stocks and crypto market."
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DISCLAIMERS:
Please always check with a professional before making any decisions with your money. These videos are for educational purposes only and I am not responsible for your actions in any way. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional! Joe Parys is not providing you with individual investment advice. Joe Parys is not registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. Joe Parys is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
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