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Hello this is Matt on the moon Lambo Channel there's been a very notable Shift in crypto media headlines which Are suddenly very negative here's a Couple uh from the Crypt basic analyst Warns a potential 20% dip in bitcoin Price targets $334,000 before having and how about This one of particular interest for the Xrp community xrp risks falling to$ 34 If this support breaks things seeming Dire out there and I'm telling you it's Very noticeable there's been a a Noticeable shift in Speculator sentiment In social media but you know this on its Own does not mean the bull market is Over and I don't believe for a moment That it is I don't feel the least bit Scared over any of this you know this is Normal human emotion showing itself After you know short-term reality Doesn't meet expectations I I personally Don't think it makes sense to be Negative and I don't think we're Suddenly in bare territory just because A week has passed since Bitcoin you know Bitcoin ETF approval occurred and Bitcoin didn't go on an upward Rampage In price just because of that which Which doesn't say we can't go lower the Short term I just don't think it makes Sense to be scared or think that we're Suddenly in bare territory purely Because of this and uh I also want to
Share with you perspective from a Research analyst at a major investment Firm and if his prediction is correct Then it might be the case that we are Still seeing a 4year market cycle for Crypto and perhaps the only reason we Saw Bitcoin move up the last few months Or so to the degree that it did is that The market was anticipating the the Approval of a spot Bitcoin ETF meaning Specifically what we did was we moved Future price action forward so instead Of seeing this big surge later uh in the Market cycle maybe seeing it later in 20 24 we saw it now the prices move forward Just based on this news because people Thought it was going to be that Momentous and it's an idea that I Actually I I just not that I'm saying Iir L believe are are are don't think That makes sense it is an idea I brought Up on the channel it's just interesting To see that a research analyst had a Major investment firm actually thinks Perhaps yeah that is what happened and Um you know as is frequently the case You know when when markets bu the rumor When when the news comes it's frequently A big nothing which is what we saw here You know even if so though according to This particular research analyst we're Still going to see a new all-time high For Bitcoin in Q4 of 2024 if that happens that will line up
To be 4 years since Bitcoin hit a new All-time high uh for the first time During the last Market cycle you know Four four years since then so because Again note that Bitcoin went above $220,000 for the first time uh in December of 2020 so that would line up To be four years actually um and also I'll share with you perspective from an Analyst who believes that xrp is going To you have an aggressive surge which is A quote an aggressive surge in price After holding a crucial support level so Hang in there if you're having trouble Emotionally as a lot of people in the Market are uh well I can't tell you What's right for you um I'm not not Telling you to buy or sell anything but I think that there's a lot of Reason uh To be optimistic moving forward here Lots of reason at the time I'm recording This xpiece 55 cents Bitcoin is 41,45 bucks market cap for the asset Class 1.64 trillion but take a look here Crypto fear and greed index 51 out of 100 so um that indicates neutral Feelings across the board but even Though that's true on the whole there Are a lot of people that are absolutely Experiencing fear as a result of of Bitcoin dipping in fact as low as $4,790 within the last 24 hours and this Is actually the lowest number that we've Seen on the crypto fear and greed index
Since roughly the middle of October I Think it was October 18th yeah looking At this earlier we this is the lowest Score we've seen on the crypto fear and Green index since October 18th and that Was when when prices really started to Get hot Bitcoin was taken off a lot of Alts were taken off uh is this really The time to panic though um I'm not Convinced of that anyway uh here is a Post from chart analyst Michael Vop um and he he shared this chart and Wrote and this is bitcoin price chart Bitcoin doesn't even provide a rally Towards $46,000 a retest at the lower boundaries Will likely occur and the range is Getting defined between $38,000 to $48,000 I've been mentioning this for a Long time be ready to buy the dip as the Sentiment will become negative now again Uh I'm never going to make price Predictions but I will say even if this Is the case and we see Bitcoin dip into The 30 something th000 range whether It's 38,000 or if it's way lower than What he thinks the range is if it goes Down to $34,000 this will do literally nothing To change my investment strategy in Crypto that I've implemented for over 6 Years either stuff is worth way more and I'm enticed to sell in the future or I'm Not but the short-term price action
Means literally nothing to me which is Why I sleep easy at night even at times When price go down it just doesn't Matter Big Picture This is normal for 15 Years it's been normal a't ain't scared Me in the least uh here you have a post From a chart analyst credible crypto Which reads in part as follows what was Discussed in my last video update that I Put out yesterday is still relevant While we've hit local invalidation on Bitcoin this just means we haven't Completed our base formation at these Lows and while further downside is Possible I think it's limited and that's His most recent post I shared this in The afternoon oh in case anybody's Curious uh it is 1:31 a.m. Central Time Recording late here as is normal for me And um so Friday uh January 19th 2024 so He posted that you know it's in the Neighborhood of you know a little over 12 12 hours ago there um and then there Was also this from chart analyst Greg Crypto on bitcoin he wrote in part the Following and this is a Bitcoin price Chart he wrote get ready Bitcoin is Heading to an all-time high in 2024 a Pullback is still in the cards but it Will be healthy pullback and so you know Again even for what I'm finding is even For because I follow a lot of different Chart analysts even the analysts that Believe we're going to be seeing a dip
In the short term whether it's the upper 38,000 or even the lower 30,000 the vast Majority almost all of them firmly Believe that this is normal for these Market Cycles you'll frequently see in Over 20 or 30% pullbacks even in Bull Markets and they still believe that we Will be seeing a new all-time high for Bitcoin in 2024 and there's some who disagree Obviously but that that is broadly Accepted to be the most probable thing At this particular point in time and There's this there's this uh the post Shared by chart analyst wck Capital this Is a Bitcoin price chart simply wrote Bitcoin bull market progress and this is One that's more fun to look at than have Me describe it but he he keeps doing This little update where he's got this Little meter where he Grays out how far Along he believes we are in the market Cycle and he'd say he's estimating here We're about 30.9% through this Particular bull market progress so the Other two3 still coming as far as he's Concerned and this is why you know I Keep saying we'll see who's right which Is why just everybody's on the record They're sharing their perspective all These analysts um almost all of them Believe we we are going to be seeing a New alltime high whether that's you know The beginning part of 2024 or the end of
2024 it's still coming but then you Still get these scary headlines I got Referenced at the outside of the video Xrp risks falling to 34 cents if this Support Breaks and this comes from chart analyst Ali Martinez and uh he simply wrote The Following we'll share in this chart xrp Is currently grappling to maintain its Footing at The crucial 55 cent support Level should this support fail to hold Be prepared for a possible sell-off Scenario that could see xrp descending Towards 34 C now here's the thing like He's he do he is not anti- xrp don't Think for a moment just because he's Writing that that he somehow despises Xrp that's what he believes is most Probable or at least possible um should That support break and he's not the only One that is watching the support level Though and and you get a slight variance In terms of what the actual support Level is I've noticed this many times in Over the last X number of weeks that This support level of roughly 54 cents Or 55 cents or 555 56 cents those are The numbers that I keep seeing cited by A ton of different chart analysts and so For him he's saying here it's 55 cents We're kind of splitting hairs at this Point you kind of get the idea so this Is what we're watching for and uh chart
Analyst cryptos was also watching this And wrote xrp back testing 54 54 54 cents report holding for now And that was at 2:18 p.m. in the Afternoon and then just a few hours Later he provided an update and wrote Xrp daily closed above support 54 cents Is our most important level will likely Revisit yesterday's lows before a bounce And you know in the morning I I even was Able to catch some of what the Blockchain backer was talking about and I saw that he noted hey here's a crucial Support level it's right in this range Here once it and it was by the way many Times for in recent years it was Resistance it now is support it has Flipped to support which is fantastic so It initially went up and then tested Again the blockchain back or Noe and Then it went way up and now we're having This healthy uh test back to the Downside and from his perspective from What I gathered from him it seems like This is all pretty normal stuff uh then There was also this post from uh crypto Insight UK xrp update people keep asking Me what is happening with xrp to be Honest nothing has changed we are still Holding above a critical level for xrp And again folks I'm not kidding when I Say that out of all the xrp analysts That I follow I I think all of them are Talking about this range whether they
Disagree slightly in that the support Level is 54 cents or 56 cents or 55 Cents this is what everyone is talking About and it's holding right at that Particular level and then he says as we Can see we have interacted with the 56 Cent level multiple times both as Support and resistance whilst we hold Above This Zone as support I am looking For a move to the upside A break below this level with some Volume and I will need to reassess and So folks he's just recognizing kind of The same thing that chart analyst Ally Was was sharing hey uh if this thing Breaks you could see this move a good Bit to the downside he was saying Perhaps as low as 34 cents now it Doesn't mean that's going to happen and It's not to scare people uh just this is What is anticipated and then he says for Now however xrp has been extremely Boring and frustrating to hold Historically these feelings have been Felt before a move once we see Bitcoin Stabilize I feel we will have a clearer Picture I feel alts will outperform as I've suggested multiple times during This period I expect xrp to have an Aggressive Surge and so my friends despite what Some people are feeling in terms of Negativity I just don't think it makes a Damn bit of sense I really genuinely do
Not I think it's way more likely that We're going to have a fantastic 2024 than a terrible 2024 in the world Of crypto we'll just see what happens Here and then crypto Insight UK also Noticed the same thing as me as Al I Mean every analyst Under the Sun is is Recognizing this and I'm not an analyst But they're they're noticed noticing the Change in sentiment and so crypto Insight UK wrote feed becoming Increasingly bearish seeing multiple $30,000 calls he's talking about Bitcoin Obviously some lower bottom soon and This is what you tend to see at the Point point where you see these big Reversals and burst to the upside this Is one of the things that seems to come Hand in hand just an observation haven't Been in the space for over six years he Obviously gets it he cited it in his Post just a second ago I shared with you It just is what it Is um so I just don't go with the Herd On that stuff if the herd's getting Scared I'm like oh maybe I should get Excited all right because more Frequently than not that's true now Here's a headline from the daily hdle And this is an interesting Theory I Don't know for sure if it's true or not It's something that even before I like Recent weeks I brought this up just kind Of wondering uh this this Theory you
Know did we just pull price action Forward because of this this narrative Which was stupid obviously with the Bitcoin ETF it was not a Bitcoin um by The news I didn't I I never believe that It was going to be these things just About never are um but but it was big Enough and exciting enough sounding news That pulled in retail specul could it Have been the case that it just pulled The price action forward but it didn't Break the the fouryear cycle because if This is the point where we do hit a for Or hit a new high for Bitcoin if this is And some analysts do think that's what's Going to happen uh it's it's only been 3 Years since Bitcoin hit a new all-time High it's been three years it happened Again like I said at the end of December 2020 that's when it broke above $20,000 And then it had an alltime high for the Cycle later on in the in uh in 2021 as You know but it broke three years ago to The Upside so if this is the moment where It's going to run then fouryear cycle Broken question mark you that's what it Looks like so the headline here here's When Bitcoin could hit a new all-time High according to Van X head of digital Asset Research the head of digital assets Research at investing giant van e Matthew seagull is expressing bullish
Sentiment on Bitcoin in an appearance on The Unchained podcast seagull says that Bitcoin could soar above the all-time High of around Solid year we think Bitcoin will make an All-time high in Q4 like after a Contentious election a record number of Global Citizens are voting in elections This year more than nearly 50% it's an all-time high 200 years of History with these elections comes a lot Of opportunity for change disruption and More kind of pro Bitcoin policies end Quote and so it is kind of interesting To see a take like this because he's an Analyst but he's also taking a look at What's happening in the world of macros So frequently with analysts everything That's happening um in a macro sense Outside of um specifically what's Happening in charts it's just discarded It's just here's what's happening in the Charts if I'm only looking at charts Here's what I think is going to happen And the real world doesn't actually Quite function like that so very Frequently you can be correct if you're Just looking at the charts I understand That but you can miss some really big Things if you're not looking at Big Picture What's happen and so the degree To which this is consequential this Being an election year for so many Citizens around the world in various
Countries that agree to which that's Consequential um I don't pretend to know For sure but I am observing that a lot Of an analysts don't take other world Events um into consideration when coming To conclusion just based on what's Happening in the chch and that that's Why sometimes I do see analysts they Come to very scary sounding conclusions Just because of chart formations not Factoring in other other things and I Think that they kind of miss the mark When they do that at times even if Frequently you can get away with with Such Behavior you know what I'm saying Anyway peace continues according to Seagull various factors were responsible For the gains Bitcoin recorded late last Year and folks this is interesting this Is what I was talking about quote our View is that this bull cycle is very Much ahead of us that the November and December rally was as much about the Weaker dollar as it was about those Exchange traded funds the ETFs flows and There were so many macro contributors to That weak dollar narrative with the Brics group expanding with five more Countries joining the bricks you had Nigeria reversing its previous Bank Banss Banks weren't allowed to do Business with crypto companies now they Are you had the Saudi cleric who Acknowledged that Bitcoin was
Permissible under Islam in this new Declaration and then the Argentina Momentum where Bitcoin is for all Intents and purposes like legal for Contract settlement end Quote So whether this is the case that makes Sense or you know you know even if even If I'll say this even the analysts that Don't and there aren't many of them they Could be right but even the analysts That don't think we're going to see a New all-time high for Bitcoin they're Still anticipating that at least at a The bare minimum we're going to see some Really fun fireworks uh for for the Price action in crypto in the first you Know four to six months of this year so We still have stuff to look forward to Like even on even from like the most Bearish expectation from analysts that That I've seen to this point anyway but We are getting the scary head lines Aren't We I'm I'm like damn it it's been about A week since this damn thing got Approved and people are already losing Their Mind well that's what it is to invest in The world of crypto you know that's just Kind of how it goes uh but I'm feeling Good about this so um there's a lot more To say in a lot more to talk about and I Actually do want to talk about um
Probably in my next video about incoming Flows and what they can actually mean For xrp specifically and broadly in Crypto markets and what the actual real World uh implications are and and what They've been to the point for the spot Bitcoin ETFs because obviously it was Not this thing where everything goes to The moon now and I was warning that it Wouldn't be that thing that just didn't Make sense not right out the gate but I Do believe and I still believe and I Said it before the approval it will have A tremendous impact over the Long Haul I Just think it's overestimated in the Short term and then underappreciated What that means for the long term I'm Not a financial adviser you should not Buy your sell anything because of Anything I say right that would be a Very very very bad idea until next time To the Moon Lambo
