BITCOIN On Brink Of BREAKOUT! (Don’t Ignore This WARNING)
In this video, I discuss the recent developments and future outlook of Bitcoin, particularly focusing on the impact of Grayscale’s selling pressure on Bitcoin prices. I delve into the technical analysis of Bitcoin’s price movements, examining key trendlines and moving averages, while also considering the influence of market sentiment and external narratives, such as JP Morgan’s statement on profit-taking in GBTC nearing completion. I explore various scenarios, including potential bullish consolidation and the implications of Bitcoin’s behavior around critical technical levels, such as the 618 Fibonacci line and the 20- and 50-day moving averages. Additionally, I touch on the Bitcoin ETF narrative and its potential impact on market dynamics. Throughout the video, I emphasize a cautious yet curious approach, acknowledging the unpredictability of the market while eagerly awaiting clear bullish signals, such as Bitcoin closing above key moving averages.
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Intro 00:00
Grayscale selling pressure over? 00:40
Bitcoin daily resistance to watch right now 1:15
Insane BTC support right now 2:00
Waiting for this bullish confirmation 2:25
One last shot for BTC 3:35
$70,000 target no matter what 4:20
Waiting 5:00
Most bullish move that could happen 6:20
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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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