In this video, we take a data-driven approach to analyze the current state of Bitcoin. We examine the weekly chart and discuss the significance of Bitcoin breaking above the 20-week moving average. However, there is a concern about a potential bearish divergence in momentum.
We zoom in on the daily and hourly charts to explore short-term targets and trends. Bitcoin’s movement within a falling channel on the hourly chart becomes crucial in determining its next direction. The target levels and moving averages on the daily chart are also significant factors to consider.
Ultimately, we discuss the possibility of Bitcoin falling back into the apex of a rising wedge on the macro scale, particularly if it fails to hold support and consolidate within key levels. The focus is on the 20-week moving average and the potential implications of Bitcoin’s interaction with it.
Join us in this analysis and share your thoughts on Bitcoin’s future direction. Don’t forget to subscribe and like the video for more insights.
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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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