In this video, I discuss the current situation of Bitcoin, emphasizing its short-term technical analysis in relation to its macro, longer-term story. I highlight the rising channel on Bitcoin’s chart, pointing out a potential upside target of $41,000 and a downside target of $33,000. I delve into the daily chart, noting Bitcoin’s break above a key trendline and its proximity to the 20-day moving average. I also address a bearish divergence seen on the momentum oscillator, which historically leads to dips. On the weekly chart, I examine Bitcoin’s behavior in relation to past cycles, noting a potential bullish divergence if it continues to escape moving averages. I further analyze the RSI on the six-hour chart, identifying a potential breakout target of around $41,000. However, I caution about the bearish divergence on the daily charts and the significant resistance around the $38,000 to $39,000 area. I conclude by expressing excitement for the upcoming week and hint at developments in the altcoin world, inviting viewers to subscribe and stay updated.
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0:00 – Intro
0:40 – Bitcoin Price Movement & Growth Outlook
1:54 – Bitcoin Macro Price Trends
3:36 – Bitcoin Breakout Points & Resistances
5:14 – A Look at Short Term Bitcoin Price Dynamics
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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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