IS BITCOIN SETTING UP A MASSIVE BREAKOUT? OR WILL BTC FALL?
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Code: VENTURE
Intro 00:00
Zoomed out daily BTC chart - bullish 00:35
BTC hits resistance perfectly 1:20
A picture of short term consolidation 2:30
Bullish BTC environments on hourly 3:00
Short term Bitcoin support to watch 3:50
Mid term (bigger dip) support 5:00
How will BTC price interact with this falling channel? 6:00
Support for BTC tonight 6:30
The bullish move to watch on hourly chart 7:00
Bitcoin price has not done too much in the last couple of days, but this is typical for BTC price in bullish uptrends. There are no guarantees of a breakout, but we have seen this Bitcoin chart before, and as of right now, there is a very good case for a Bitcoin breakout. Do not forget downside support and targets as well. :)
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📝 *The above video references an opinion and is for information and entertainment purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. This video contains my opinion only and is not meant to cause harm or defame anyone or any entity.
Please understand that cryptocurrency trading and investing is risky. I am not offering advice on how you should trade or invest in cryptocurrency. This channel is reserved for me to track my own journey and document my opinions along the way.
This is not an offer to sell or buy securities.
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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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