New BITCOIN pattern Signals BIG Crypto MOVE! (Could It Be This Easy?)
In this video, I discuss a new pattern emerging on the Bitcoin daily chart - a symmetrical triangle formation. I analyze how this pattern aligns with historical Bitcoin cycles and the potential for a breakout around November 2024. I also explore the consistency of Bitcoin's cyclical behavior, which raises the question of whether the upcoming bull run could be "this easy" to predict. Additionally, I consider potential scenarios, including a possible downward breakout and pullback within the triangle, before the anticipated bullish breakout. Overall, the video integrates various technical analysis techniques to assess Bitcoin's current market structure and where we may be in the broader cryptocurrency cycle.
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Intro 0:00
Comparing current cycle to September 2020 0:30
Cycle looks like it's just getting started 2:00
New Bitcoin pattern July 8 3:00
Key timeframe breakout data 5:00
Macro crypto chart 7:00
Why a dip is still in play 9:00
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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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