Tuesday, Dec 3, 2024
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BITCOIN Price Pattern Suggests a Huge Surge! (Find Out When)

In this video, I discuss the current bullish scenario for Bitcoin, zooming out on the daily chart to highlight a recurring bars pattern in yellow that suggests potential for an upward move. Bitcoin is currently priced around $61,600 and seems to be approaching the $62,000 mark. I delve into the technical aspects, pointing out the recent crossing of the 20-day moving average below the 50-day, which traditionally indicates consolidation rather than the start of a bear market. I also cover relevant on-chain metrics, including the short-term holder cost basis which acts as a key support during bull markets and a resistance in bear phases. Despite this bullish setup, I acknowledge the possibility of Bitcoin's price extending its downside before it bounces back, as past patterns suggest market moves often last longer than anticipated. Overall, I provide a balanced view, preparing for both potential continuation of the bull run and the likelihood of further dips, while emphasizing the critical levels Bitcoin needs to surpass to confirm a bullish trend continuation.

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Intro 00:00
Safe approach to crypto 00:30
Higher highs and higher lows 1:30
Key on-chain metrics indicator 2:30
Bullish continuation for Bitcoin 4:40
$85k target 5:45
Understanding Bitcoin cycles 6:30
If Bitcoin dips lower 8:00
BTC price needs to do this now 9:30

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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 Price Pattern Suggests a Huge Surge! (Find Out When)
Sourced From: www.youtube.com/watch?v=WMupqebo_8E


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