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Bitcoin’s Hidden Setup Points To $76,000
Bitcoin’s chart is setting up a bullish near-term move, with a measured-move target as high as $76,000 if the pattern confirms. Gareth Soloway, Chief Market Strategist at Verified Investing, walks through the inverse head and shoulders forming at the lows, how to calculate its true target off the head, and the single down-sloping trend line that explains exactly why Bitcoin has been stalling for the past two-plus weeks.
Gareth shows how combining the bullish pattern with that longer-term resistance line stacks multiple factors into one high-probability read, then zooms out to the bigger picture. Near term he is bullish and long altcoins. Longer term he still sees a larger head and shoulders that has already triggered, pointing toward another leg lower around $35,000 before a true cycle bottom sets up. He also ties in the four-year cycle and explains why he still holds a little Bitcoin the same way he holds physical gold.
This one is a clinic on making sense out of chaos with simple lines and formations.
CHAPTERS:
0:00 Intro: Key Developments On The Bitcoin Chart
0:40 Near-Term Bullish Bias & The Inverse Head And Shoulders
1:35 How To Calculate The Measured Move Target
2:43 The Trend Line That Explains Bitcoin’s Stall
4:35 Stacking Multiple Factors For A High-Probability Setup
5:40 Bear Market Rallies: The Semiconductor Comparison
6:45 The Bigger Head And Shoulders & The $35,000 Target
8:35 Rumble Wallet
Join Gareth’s Top Squad: https://www.youtube.com/channel/UCwTu6kD2igaLMpxswtcdxlg/join
Learn more at: www.VerifiedInvesting.com
Rumble Wallet: wallet.rumble.com/Verified
Use code VERIFIED5 for $5 in stablecoins.
#Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #Crypto
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