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Source, summary and reference
The Bitcoin Bear Market Rally Is Not Over Yet Bitcoin remains stuck inside a corrective structure after another rejection from major resistance and the 200-day moving average. In this video, we break down the latest Elliott Wave structure, why the current rally may still be a larger B-wave rally, and what needs to happen before a meaningful low can be confirmed. We also compare Bitcoinβs weakness relative to the Nasdaq and discuss why another larger correction cannot be ruled out if equities begin to weaken. Key support and resistance levels are covered, including the importance of the lower boundary line of the current channel structure. Timestamps: 00:00 Bitcoin still under pressure 01:02 Why this still looks corrective 02:04 Bitcoin vs Nasdaq comparison 03:39 Why Bitcoin reacts much weaker than Nasdaq 05:08 Similarities to previous bear market rallies 06:55 Why the B-wave thesis still remains valid 08:05 What confirms a larger move higher 09:05 The alternative bearish scenario 10:13 Key support and resistance zones 11:05 What would confirm a larger top 12:05 Final thoughts and member updates ----------------------------------------------------------------------------------------- π§Ώ MCO Global: π» https://www.mcoglobal.com/ βοΈ Join the FREE Newsletter: π https://mcoglobal.com/newsletter/ π§Ώ Join the More Crypto Online Community: π https://www.mcoglobal.com/memberships OR π https://www.youtube.com/channel/UCngIhBkikUe6e7tZTjpKK7Q/join OR π https://www.patreon.com/morecryptoonline π§Ώ Join the MCO Stocks & S&P500 Community: π https://www.patreon.com/moretradingonline ----------------------------------------------------------------------------------------- π§Ώ Social Media: π X / Twitter: https://x.com/Morecryptoonl π Instagram: https://www.instagram.com/morecryptoonline_official/ π All Links: https://linktr.ee/morecryptoonline βοΈ Contact: info@morecryptoonline.com ----------------------------------------------------------------------------------------- π§Ώ Exchanges & Brokers (Affiliate Links): π Trade on Bybit: https://partner.bybit.com/b/MCO π Trade on Bitget: https://partner.bitget.com/bg/MoreCryptoOnline π Trade with XTB β a global, regulated broker offering 7,100+ stocks and 1,400 ETFs π https://geolink.xtb.com/XjNyk (Please note: XTB services are not available to U.S. clients.) ----------------------------------------------------------------------------------------- π§Ώ Research & Tools (Affiliate Links): π Tradingview - Chart software Get a $15 discount on your first subscription: https://www.tradingview.com/?aff_id=108760 π Bitcoin Magazine Pro β On-chain data & research Get 20% off with code: 20MCO https://www.bitcoinmagazinepro.com π CoinTracking β Portfolio & tax tracking Get 10% lifetime discount with this link: https://cointracking.info/?ref=B776587 π Protect your cryptocurrencies with Trezor: https://bit.ly/morecryptoonline π Protect your cryptocurrencies with Ledger: https://shop.ledger.com/?r=0fb3c8be2e46 π Stay safe with NordVPN: https://go.nordvpn.net/SH4s0 ----------------------------------------------------------------------------------------- β οΈ Disclaimer The content provided on this channel is for informational and educational purposes only. It does not constitute financial advice, an offer or solicitation to buy or sell any financial instruments, or a financial service under applicable laws. All analyses and opinions expressed are strictly personal views. You are solely responsible for your own investment decisions and act at your own risk. Always consider your individual risk profile and, if necessary, consult with an independent financial advisor. Some of the links provided in this description may be affiliate links. If you choose to use them, MCO Global may receive a commission β at no additional cost to you. Thank you for supporting the channel. β οΈ Important: Affiliate links related to cryptocurrency exchanges are not available to residents of the United Kingdom, the United States, or any other restricted jurisdictions. Please check the laws and regulations that apply in your country before using such services. Other affiliate links (e.g. VPN, hardware wallets, software tools) are unaffected.
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