Can Bitcoin Break $8,600?

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Bitcoin has heavy price resistance at the 200 moving average on the daily chart. BTC needs to break this area to confirm bulls are here.

Cycles of Bitcoin – https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative/

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https://medium.com/@hcburger1/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94

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Crypto Capital Venture is big on tracking bitcoin and litecoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price and Litecoin price move 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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26 comments

  1. What if the whole bear market since 2017 is an A B C correction and we are heading towards 1000 USD for the C leg??

  2. Yesterday when it moved exactly until that 200 ma, I was like okay let's wait a bit before buying more haha. Happy that I did 🙂

  3. Press 3 if you think this whole recent trend has been nothing more than a "lull" for bitcoin. Some of the altcoins are doing their thing and then when that is all over and done with bitoin is going to take off again. It is a cycle.

  4. Sitting back right now, hoping we hit that Fib retracement to accumulate more! Thanks Dan!

  5. I'm hoping the push up for BTC & LTC is here would be nice to see LTC above $70 again.

  6. Hey man, I’m a subscriber of yours and appreciate your videos. Is there any way of contacting you directly to ask your opinion on something? An email or something ?

  7. Been watching and studying your channel since February like a bible. You are awesome brotha!

  8. I dont believe the volume is there to push us through the 200, IDK. Hope I'm wrong.

  9. Thanks for the shout out Dan😀
    Agree, need to close above the 200!! Then Im going Long 🥳