Crypto.Com Important Update For Crypto Holders! | Cro Coin Vs Bitcoin Price Levels | Crypto News

In this video, we will be discussing the current price action of Bitcoin and Crow Coin. But before we dive into the charts, I want to remind you all that we are on the verge of reaching 10,000 subscribers. And as promised, we will be giving away a thousand dollars' worth of Bitcoin once we hit that milestone. So make sure to subscribe right now and join our growing community.

Now, let's talk about the market. Bitcoin is currently in a consolidation phase, with some minor red days. However, what's interesting to note is that the holders seem to be getting a bit bored at the resistance level, which is actually a good sign. It's better than seeing holders lose interest at the support level. This sideways action is something I've been anticipating and it looks like we'll be experiencing this range-bound movement for the next 11 to 12 months.

So, what does this mean for investors? Well, it's time to be patient and accumulate the cryptocurrencies that you have strong conviction in. This is not the time to panic or make impulsive decisions. Trust me, when the bull market takes off in about a year, those who have patiently bought low and sold high will reap the rewards.

Now, let's take a closer look at Crow Coin. Currently, we are stuck in a tight trading range of 0.0689 percent. It's mind-boggling how we've been trading within this range for almost a month. But hey, this stability is actually a good thing. When the bull market arrived in the past, Crow Coin didn't rally immediately. It took some time, and when it eventually broke out, it experienced a face-ripping rally, going from six cents to 25 cents, and eventually reaching a dollar. So, although it may be frustrating to see Crow Coin trading sideways, remember that patience is key in this market.

Bitcoin's Price Action and Altcoin Rally

Now, let's shift our focus to Bitcoin and its recent price action. On the weekly chart, we can see some fantastic green candles closing above the previous resistance level, which has now become a support level. This is a bullish sign, and if we continue to see daily candle closes above the 26,300 level, it could indicate further upward movement.

However, what's interesting to note is that we are currently witnessing a coiling pattern at the top of the channel. This is significant because it suggests that we may see some money flow into altcoins in the near future. While I'm not predicting a full-blown altcoin season with 100x or 200x gains, a small altcoin rally is possible, especially if we see a bounce off the lower level of the channel.

Observing the S&P 500 and Bullish Divergence

Moving on to the S&P 500, it's important to keep an eye on this market as well. Although it was closed for Good Friday, we can still analyze its recent performance. We are starting to see some bullish divergence, indicating potential upward movement. Breaking above the 4,320 level on the S&P 500 could lead to further gains.

However, we must also pay attention to the Federal Reserve's actions. While good news such as the lower than expected unemployment rate (3.5 percent) can be positive for the market, it's crucial to closely monitor the Fed's monetary policy decisions. They are currently in a delicate situation, printing money while simultaneously raising rates. It's essential to not only listen to what they say but also read between the lines and watch their actions.

Conclusion and Call-to-Action

In conclusion, it's important to stay patient and strategic in these markets. Sideways action is expected, so take this time to accumulate cryptocurrencies that you have strong conviction in. Keep an eye on Bitcoin's price action and the potential altcoin rally that could occur. Watch the S&P 500 for bullish signs, but also be cautious of the Federal Reserve's decisions.

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Remember, in this ever-changing market, it's essential to adapt, strategize, and stay informed. Thank you for watching, and I'll see you in the next video.