In this video, I discuss the current bullish scenario for Bitcoin, zooming out on the daily chart to highlight a recurring bars pattern in yellow that suggests potential for an upward move. Bitcoin is currently priced around $61,600 and seems to be approaching the $62,000 mark. I delve into the technical aspects, pointing out the recent crossing of the 20-day moving average below the 50-day, which traditionally indicates consolidation rather than the start of a bear market. I also cover relevant on-chain metrics, including the short-term holder cost basis which acts as a key support during bull markets and a resistance in bear phases. Despite this bullish setup, I acknowledge the possibility of Bitcoin’s price extending its downside before it bounces back, as past patterns suggest market moves often last longer than anticipated. Overall, I provide a balanced view, preparing for both potential continuation of the bull run and the likelihood of further dips, while emphasizing the critical levels Bitcoin needs to surpass to confirm a bullish trend continuation.
Subscribe, Like, Follow me www.twitter.com/cryptorecruitr
Intro 00:00
Safe approach to crypto 00:30
Higher highs and higher lows 1:30
Key on-chain metrics indicator 2:30
Bullish continuation for Bitcoin 4:40
$85k target 5:45
Understanding Bitcoin cycles 6:30
If Bitcoin dips lower 8:00
BTC price needs to do this now 9:30
Join this channel to get access to perks:
https://www.youtube.com/channel/UCnMku7J_UtwlcSfZlIuQ3Kw/join
🟩 Bitcoin 4 Year Cycle Prediction – This May Change Your Mind On BTC
⬇How To Stake Your Cardano In Minutes With Crypto Capital Venture!⬇
Stake Your ADA With Ticker: CCV1 ➡ https://youtu.be/cikJiJgRZFQ
⚡ Catch Me On Twitter
⚡ http://twitter.com/cryptorecruitr
Crypto Capital Venture New – Cycles of Bitcoin – https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative
☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰
*Crypto Capital Venture does not guarantee or make any representations or claims to any particular amount of staking rewards that you will earn through delegating your Cardano. Any return that the protocol disburses to you is decided by the protocol. You are not investing your Cardano with Crypto Capital Venture. Delegating to a Crypto Capital Venture stake pool does not involve transferring or legally assigning the Cardano or the rights thereof. Crypto Capital Venture simply serves as a validator and provides community members a way to delegate to the Cardano Protocol consensus mechanism. All staking percentage rates and all rules and parameters are decided by the Cardano protocol.
*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.
#crypto #cryptocurrency #cryptonews #cryptocurrency #cryptocapitalventure #blockchain #finance #stock #investment #crypto #altcoin
