In this video, I discuss the recent bullish momentum of Bitcoin, emphasizing its breakout towards the $70,000 mark, currently hovering around $69,000, as observed on a four-hour chart. I delve into the crucial areas of attention for Bitcoin’s short-term movements, highlighting a post by a user named Thomas on social media platform X, which contrasts the current Bitcoin position with its stance when it last hit $67,000 in 2021. This comparison underscores a complete reversal in market conditions, suggesting a “perfect setup” for Bitcoin. I analyze Bitcoin’s journey through the lens of technical analysis, from its behavior on weekly charts—spotting similarities with past bull market cycles—to its struggle and recent victory over the 20-day moving average. Furthermore, I explore Bitcoin’s interaction with a lower high Fibonacci resistance level and discuss the implications of its current position within this technical framework. I touch upon the potential for an inverse head and shoulders pattern to propel Bitcoin towards a target of $76,000-$77,000, while also acknowledging the possibility of consolidation or retracement, especially in light of the upcoming Bitcoin halving.
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Intro 00:00
Zoom out now! 00:30
Bitcoin weekly is spot on 1:50
$85,000 BTC target 3:00
Bitcoin price on short term 3:50
BTC resistance challenge to watch 5:00
$76,000 target 6:00
Bitcoin price fakeout 8:00
Crypto bullish 8:30
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🟩 Bitcoin 4 Year Cycle Prediction – This May Change Your Mind On BTC
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*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.
Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.
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