Bitcoin Trading 101: The Only Guide You Need
Published: 2024-03-13
Status:
Available
|
Analyzed
Published: 2024-03-13
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Bitcoin's cycle top is predicted to be around $180,000 or slightly higher.
"we believe that btc's cycle top could be around $180,000 or even slightly higher"
Pending
Historically, Bitcoin's cycle top occurs between April and October of the following year.
"Previous Cycles suggest that it should occur somewhere between April and October next year."
Pending
The introduction of spot Bitcoin ETFs may have accelerated Bitcoin's cycle top to occur as early as late 2024.
"the introduction of the spot Bitcoin ETFs could have brought this cycle top forward to as soon as later this year"
Pending
Bitcoin's cycle bottoms have historically occurred approximately one year after its cycle tops.
"Cycle bottoms have historically occurred around 1 year after btc's cycle top"
Pending
Central banks will be permitted to buy Bitcoin starting in 2025, which could act as a bullish catalyst.
"a major Central Bank buying BTC something that they will be allowed to do starting in 2025"
Pending
Bitcoin may face resistance around the $1.5 trillion and $2 trillion market cap levels.
"it's possible that it will see similar resistance around 1.5 trillion and $2 trillion market cap"
Pending
Bitcoin is predicted to continue appreciating in price in the long term, being the best-performing asset of the last century.
"BTC is the best performing asset of the last century and it's likely to continue to appreciate in price in the long term"
Pending
During long-term uptrends, Bitcoin is expected to be volatile, with common 10% or more drops followed by quick recoveries.
"BTC tends to be very volatile during long-term uptrends it's common for its price to suddenly Fall by 10% or more before quickly recovering"
Pending
During long-term downtrends, Bitcoin is expected to experience spikes of 10% or more followed by sharp crashes.
"During long-term downtrends meanwhile it's common for btc's price to spike by 10 % or more before quickly crashing again"
Pending
The projected price increase for Bitcoin after a bull flag breakout can be estimated by doubling the initial pump's distance.
"you can measure how much btc's price will pump by taking the distance of the initial pump and multiplying it by two when BTC breaks out"
Pending
The potential rally for Bitcoin after a double bottom pattern can be measured by adding the distance of the crashes to the breakout price.
"you can measure how much BTC will rally by taking the distance of the crashes and adding them to btc's price once it breaks above the price at which prices crashed"
Pending
The projected price decrease for Bitcoin after a double top pattern can be calculated by subtracting the distance of the rallies from the breakout price.
"you can measure how much btc's price will crash by taking the distance of the rallies and subtracting them from btc's price once it breaks below the price at which the rallies began"
Pending
Bitcoin is correlated with tech stocks and does not exist in a bubble.
"BTC does not exist in a bubble it continues to be correlated to other assets namely tech stocks"
Pending
Bitcoin tends to have an inverse correlation with the US dollar; when the dollar index (dxy) falls, Bitcoin tends to rise.
"the US dollar which BTC tends to be inversely correlated to when the dxy goes down BTC tends to go up"
Pending
Bitcoin historically follows a 4-year cycle, comprising 1-2 years of a bull market (uptrend) and 2-3 years of a bear market (downtrend).
"BTC has historically followed a 4-year cycle that consists of 1 to two years of bull market I.E a long-term uptrend and 2 to three years of bare Market I.E a longm term downtrend"
Pending
Bitcoin has entered its bull market phase, with a likely continuation of the uptrend for another 12 to 18 months from the video's filming date.
"BTC has already begun the 1 to twoyear bull market phase this means that we're likely to see another 12 to 18 months of uptrend at the very most between now and then"
Pending
Key psychological price levels for Bitcoin to watch include $70k, $71k, $75k, $70.5k, and $70.1k.
"key psychological levels such as visually appealing prices like 70k 71k 75k and even 70.5k or 70.1k depending on your time frame"
Pending
Due to its large market cap, Bitcoin's price moves less in percentage terms compared to other cryptocurrencies.
"BTC has the largest market cap of any crypto and that means it's harder for its price to move in percentage terms"
Pending
At its previous top of around $69k, Bitcoin's market cap was 1/10th of gold's market cap.
"btc's previous top of around 69k put its market cap at 1110th of Gold's market cap"
Pending
Bitcoin's price stalled upon reclaiming the $1 trillion market cap.
"this time around btc's price stalled when it reclaimed the $1 trillion market cap"
Pending
Due to 40% cumulative inflation during the pandemic, Bitcoin's non-inflation-adjusted cycle top would be around $120k, with a 40% adjustment needed for an inflation-adjusted price.
"the cumulative 40% inflation we saw during the pandemic due to all the money printing means that you need to add 40% to btc's non-inflation adjusted price btc's non-inflation adjusted cycle top would be around 120k"
Pending
Bitcoin may face resistance around the $1.5 trillion and $2 trillion market cap levels.
"it's possible that it will see similar resistance around 1.5 trillion and $2 trillion market cap"
Pending
Bitcoin's cycle top is predicted to be around $180,000 or slightly higher.
"we believe that btc's cycle top could be around $180,000 or even slightly higher"
Pending
Based on previous cycles, Bitcoin's cycle top is expected to occur between April and October of the following year (2025).
"Previous Cycles suggest that it should occur somewhere between April and October next year"
Pending
The introduction of spot Bitcoin ETFs might accelerate Bitcoin's cycle top to occur as early as later in the current year (2024).
"the introduction of the spot Bitcoin ETFs could have brought this cycle top forward to as soon as later this year"
Pending
Historically, Bitcoin cycle bottoms have occurred approximately one year after the cycle top.
"cycle bottoms have historically occurred around 1 year after btc's cycle top"
Pending
Bitcoin is predicted to continue appreciating in price in the long term, having been the best performing asset of the last century.
"BTC is the best performing asset of the last century and it's likely to continue to appreciate in price in the long term"
Pending
Bitcoin's price is correlated with tech stocks and does not exist in a vacuum.
"BTC does not exist in a bubble it continues to be correlated to other assets namely tech stocks"
Pending
Bitcoin tends to move inversely to the US Dollar Index (dxy), meaning when the dollar falls, Bitcoin tends to rise.
"BTC tends to be inversely correlated to when the dxy goes down BTC tends to go up"
Pending