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Bitcoin price is always fluctuating between key areas, just like a ping pong table. When looking at Bitcoin charts and trying to make a prediction, the best way to make a guess on BTC next price move is by using the fibonacci retracement and analyzing whether or not the bulls or the bears are in more control. The same thing happened in 2016 as bitcoin price was putting in higher highs and higher lows. When btc broke bullish through fibonacci resistance, it was confirmation that the bulls were in charge, leading the the bull market.
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Crypto Capital Venture Cycles of Bitcoin – https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative
📝 *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.
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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