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Cardano Ecosystem

CRYPTO Alert: INSANE Bitcoin Behavior! (This Has Never Happened!)

02/11/2024

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129 views


Crypto Capital Venture

In this video, I discuss the significant and potentially historic movement happening with Bitcoin right now, a phenomenon we've been eagerly anticipating for almost four years. I delve into why this particular move is so crucial, breaking it down from a macro perspective down to a more detailed analysis. Starting with a recap of a recent prediction based on a four-hour chart showing an inverse head and shoulders pattern, I had forecasted a breakout target of around $48,000 to $49,000. Now, as Bitcoin approaches this target, I highlight the importance of this movement, especially in the context of Bitcoin's cycles and the "bull market doors" concept, which signifies key resistance levels. I compare the current situation to past cycles, noting the differences in Bitcoin's momentum and market behavior, particularly in relation to the Bitcoin halving events. I set macro targets for Bitcoin at $55,000 and $70,000, explaining their significance and the potential impact of the upcoming halving. Through technical analysis, including Fibonacci retracements and momentum oscillators, I illustrate how this cycle differs from previous ones, suggesting that we might be witnessing a unique setup that could precede a significant bull run. I conclude by emphasizing the importance of caution, as the market remains unpredictable.


See original video on YouTube

ORIGINAL SOURCE

https://www.youtube.com/watch?v=ygNMYpWJ...

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