105K Cycle TOP Or This Time Is Different - Bitcoin Today

105K Cycle TOP Or This Time Is Different - Bitcoin Today

In this episode of 'The Trading Parrot,' we delve into Bitcoin's recent surge to an all-time high of 94.5K, analyzing key market patterns and indicators like the CBBI (Colin Talks Crypto Bitcoin Bull Run Index). We discuss the potential of Bitcoin reaching the coveted 100K mark, the historical trends from past bull markets, and how to prepare for an inevitable market top. Join us as we explore the intricacies of the megaphone pattern, long-term vs short-term holders, and important technical indicators that can guide trading decisions. Don't forget to subscribe and hit the notification bell for more insights!

00:00 Introduction and Bitcoin's New All-Time High
00:16 Analyzing the Current Bitcoin Pattern
00:36 Understanding the CBBI Indicator
03:19 Historical Performance of the CBBI
05:14 Forecasting Bitcoin's Market Top
06:52 BTC Top Bottom Weekly Indicator
09:40 Potential Market Scenarios and Predictions
13:47 Final Thoughts and Trading Tips
14:20 Bybit Exchange Promotion

#BTCUSDT #BTCNews #Bitcoin2024 #btc #BITCOIN #technicalanalysis #crypto

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⚠️ *DISCLAIMER*
This video is not intended for UK/US residents.
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments.