BITCOIN $90K Surge vs. Painful Consolidation...

In this video, I discuss the potential for Bitcoin to break out of its current inverse head and shoulders pattern, aiming for a target around $90,000. I explore the current trading range, the ongoing consolidation, and what this cycle might look like if the breakout doesn’t occur. I delve into both short-term and long-term analyses, emphasizing the importance of certain bullish confirmations and the overall cycle positioning. Additionally, I touch on industry consensus regarding potential downside consolidation and the eventual upside. Key charts, including the daily, weekly, and monthly charts, are examined to provide context on Bitcoin's movements and the significance of the 20-week and 50-week moving averages. The video underscores the need for patience, highlighting historical patterns and the potential for a significant rally post-consolidation.

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Intro 00:00
More boring ahead 00:45
Critical to understand zoomed out BTC 2:00
Big dip always in play right now 6:45
Why it’s good to be patient with crypto 8:00
Bitcoin price daily chart 8:55

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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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