BITCOIN Price Discovery IMMINENT!

In this video, I discuss Bitcoin's potential to break its all-time high with significant momentum, signaling the start of a powerful bull market as we approach the Bitcoin halving in 40 days. I explore short-term price charts, specifically the daily chart, and draw comparisons to the last cycle's parabolic phase. Additionally, I zoom out to the monthly and weekly charts to provide a broader perspective on Bitcoin's position, emphasizing the significance of the upcoming halving, which will reduce Bitcoin's inflation rate to less than half that of gold, making it the hardest form of money in history. I highlight key indicators like the Fibonacci channel, the RSI, and the stock RSI, suggesting that Bitcoin has room for considerable growth. Moreover, I touch upon the rising wedge patterns and potential price targets, suggesting that while we might see some resistance at $70,000, the overall trend points towards significant upside potential. Lastly, I discuss the implications of Bitcoin dominance and the onset of altcoin season, indicating a shift in the crypto market dynamic that could see altcoins outperforming Bitcoin in terms of percentage gains, despite the bullish outlook for Bitcoin due to the halving and institutional interest.

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Intro 00:00
40 days until BTC halving 00:35
Bitcoin momentum perspective 1:35
BTC price on weekly is bullish 2:55
Bitcoin dip or price discover 4:15
Short term BTC resistance 7:30
Altcoin season 7:50

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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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