Bitcoin Is About To BREAKOUT To $80,000

The Bitcoin Layer
The Bitcoin Layer
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Published 2024-06-04
In this video, Joe walks through several bitcoin charts to make the case that we're breaking out and moving to and through new all-time highs. He discusses some price action technical analysis, the descending channel bitcoin is trying to break above, the momentum that BTC has built underneath it, and the solid launchpad to take off from with very little froth in the futures market. He concludes with the dismal macro data of late, and how that will impact BTC and other risk throughout the year.

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All Comments (21)
  • @divyajadhav3012
    if AMS22K can grow organically like that they will dominate that industry
  • @xabbye
    Thanks for the update!
  • @gzl2008
    Great points on futures funding rates, and how it relates to spot markets! Cool
  • @beamat7075
    Great presentation, appreciate your synthesis, thanks!👍
  • @siferd18
    Great content as always 👍 👌.
  • @joelweddington
    Nice analysis I hope is correct over all the pundits who predict sideways chopping for more weeks to months…
  • @simonmaverick7018
    Good video - it would be nice if you had the 20, 50, 100 and 200 day moving averages on your Bitcoin chart. Not sure how Bitcoin can move higher at this stage with the economic data turning down; and not much leverage in the system.
  • @user-wg2vw3mz1v
    Nice to see that this isn't yet another copycat channel which just parrots the same TA factoids making the rounds in all the other channels. Instead you do your own unique analysis. Nice 👍
  • @ronmckay9037
    Just waiting for the modern day Renaissance that is Bitcoin VIVA BITCOIN!!!
  • @davidtan6084
    When the ECB and Fed numbers come up negative tomorrow, we are tanked.