Thursday, Nov 21, 2024
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BITCOIN Dips Are GOOD! (BTC Price Targets)

In this video, I discuss the current patterns in Bitcoin's price movement, focusing on its consistent history of dips and recoveries, regardless of the market being bullish or bearish. I highlight the recent significant red candle on the daily chart and emphasize the need to "get over it" as part of a normal cycle in cryptocurrency markets. I delve into technical analysis to anticipate potential future movements, using tools like the RSI to gauge momentum and identify cooling phases that suggest a potential for recovery. I stress the importance of understanding that dips are a natural and necessary part of Bitcoin's journey to higher highs, particularly as we approach new phases in the market cycle, such as post-halving periods. By zooming out to a weekly perspective, I place the current price movements within a broader historical context, underscoring the cyclical nature of Bitcoin and its tendency to revisit certain key moving averages before resuming an upward trajectory. This video aims to provide a rational perspective on Bitcoin’s fluctuations, encouraging viewers to maintain a calm approach to the inherent volatility in crypto markets.

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Intro 00:00
Get over it! 00:05
This always happens 00:45
Bitcoin and altcoin all time highs 1:50
BTC momentum 2:50
Bitcoin weekly retrace normal 3:55
Bitcoin support and bullish bounce? 6:50
Short term Bitcoin price targets 7:45

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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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By: Crypto Capital Venture
Title: BITCOIN Dips Are GOOD! (BTC Price Targets)
Sourced From: www.youtube.com/watch?v=WFywk06HCcE


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