BITCOIN Surprise Rally! (WATCH For THIS Confirmation)
In this video, I discuss the current state of Bitcoin, particularly focusing on its performance as we conclude the week and look ahead. Bitcoin is showing promising signs, hovering just below the 20-day moving average with a potentially green weekly candle. Despite the positive momentum, I delve into whether this is a true bullish signal or a possible fake-out. The key area of interest is the 20-day moving average, a critical point that could indicate future movements. I break down short-term charts, including an inverse head and shoulders pattern, and explore targets to the upside that might confirm a bullish trend. Additionally, I compare the current situation with past Bitcoin cycles, highlighting similarities in weekly candle patterns and momentum oscillators. Despite the optimism, I advise caution, suggesting that we monitor for a possible lower high pattern that could indicate a bearish turn. I wrap up by discussing potential resistance levels and the significance of daily and weekly closes in relation to these levels, all while considering the broader cycle and historical patterns of Bitcoin’s behavior. This analysis aims to provide a comprehensive outlook on Bitcoin’s immediate future as we start a new week in the crypto markets.
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Intro 00:00
Immediate resistance 00:50
Bitcoin weekly view 1:20
The pullback has happened 2:20
BTC price breakout or fakeout? 3:20
Bitcoin bullish confirmation to watch for 4:20
The potential for new BTC lows 6:45
Short term bullish pattern 8:05
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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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