In this video, I discuss the relationship between the price movements of Bitcoin and gold. I observe that gold has recently broken its all-time high, which I believe could be a bullish indicator for the crypto markets, particularly Bitcoin. I draw parallels between the current cycle and previous Bitcoin halving cycles, noting that in the past, gold has often consolidated after a Bitcoin halving, before Bitcoin subsequently experienced a parabolic bull run. I suggest that a similar pattern could play out this cycle, with Bitcoin potentially following in gold’s footsteps and breaking out to new highs after a period of consolidation. The video explores these historical patterns and their potential implications for the future of the cryptocurrency market.
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Intro 00:00
Bitcoin to repeat gold? 00:40
Gold, BTC price, and previous cycles 2:15
Bitcoin is next… 5:00
The Bitcoin setup 7:30
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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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