Crypto Braces for Parabolic December!

In this video, I discuss the striking similarities between Bitcoin's current chart and its pattern from October to December in 2020, suggesting the potential for a parabolic increase in December. I emphasize that this isn't a hype video, but a careful analysis of the current setup, which seems primed for an upward move. I reference Kevin Svenson from X, who points out the similarities in Bitcoin's setup now and three years ago, particularly in the daily RSI and price setup. My analysis extends to the entire crypto market, noting that if Bitcoin and altcoins break their respective resistance lines, it could lead to an unprecedented rally. I explore the current Bitcoin chart, noting its consolidation near the 20-day moving average and a rising broadening wedge pattern. I also discuss the possibility of Bitcoin touching a lower trendline around $36,000 before potentially breaking out. What makes this scenario particularly special is its timing in the Bitcoin cycle, as it's pre-halving and pre-bull market, which could signify an unusually early rally. I prepare for multiple scenarios, including a potential drop to $33,000 or a breakout to new highs, emphasizing the significance of this period in the crypto journey. I invite viewers to share their thoughts and promise to keep tracking these developments in my upcoming videos.