In this video, I discuss the striking similarities between Bitcoin’s current chart and its pattern from October to December in 2020, suggesting the potential for a parabolic increase in December. I emphasize that this isn’t a hype video, but a careful analysis of the current setup, which seems primed for an upward move. I reference Kevin Svenson from X, who points out the similarities in Bitcoin’s setup now and three years ago, particularly in the daily RSI and price setup.
My analysis extends to the entire crypto market, noting that if Bitcoin and altcoins break their respective resistance lines, it could lead to an unprecedented rally. I explore the current Bitcoin chart, noting its consolidation near the 20-day moving average and a rising broadening wedge pattern. I also discuss the possibility of Bitcoin touching a lower trendline around $36,000 before potentially breaking out. What makes this scenario particularly special is its timing in the Bitcoin cycle, as it’s pre-halving and pre-bull market, which could signify an unusually early rally. I prepare for multiple scenarios, including a potential drop to $33,000 or a breakout to new highs, emphasizing the significance of this period in the crypto journey. I invite viewers to share their thoughts and promise to keep tracking these developments in my upcoming videos.
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This would be huge for every crypto 1:20
The setup for massive December 2:00
Why timelines matter 3:30
The crypto move that makes sense 5:20
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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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