This is the Calm before the storm for Bitcoin, and a major Bitcoin breakout is only 6 days away!! Bitcoin is fitting into a 5 month symmetrical pattern, with expiry happening on the launch of the Bakkt Bitcoin Futures Platform. Will the BTC price breakout, and pump or will we see an epic dump? Today we look at both sides of the coin, and investigate the reasons for both scenarios, a bitcoin breakout down & a bitcoin breakout up!
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⏰ Time Stamps ⏰
00:25 Revisiting The 5 Month Symmetrical Triangle Chart-Bitcoin
00:56 3 Distinct Lower Highs
01:15 Recent Higher Lows
01:44 A Big Price Breakout Is Coming on September 23rd. Up or Down?
02:22 People Speculating Bakkt Is Going To Do Big Things
03:13 Signs That Institutional Demand For Bitcoin Products Isn’t That Big-VanEck Bitcoin Trust
04:14 Bakkt Has Been IN Motion For A Long Time & Has Major Backing
04:36 What Can We Expect Out The Gate From Bakkt Bitcoin Futures?
05:41 Difference Between CME & Bakkt? Cash Vs Bitcoin
06:21 Bitcoin Mining Exploding, Bullish For Breakout Upwards
07:21 Segwit Crosses 50 Percent, Bullish For Breakout Updwards
08:28 Crypto and Bitcoin Trading Volume Is Drying Up, Bearish For Breakout Downwards
09:07 Concluding Thoughts
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