In this video, I discuss the current state of the Bitcoin chart, which I describe as “terribly ugly,” but emphasize its importance in the crypto market. I analyze the repetitive pattern of selling due to fear and buying due to capitulation, referring to it as a “falling, broadening wedge.” I compare the current Bitcoin situation to previous cycles, noting that it is around 18% down from its all-time high, similar to past cycles. I also discuss the impact of the recent CPI data and jobs report on Bitcoin and the broader market, as well as the importance of technical analysis in providing structure and guidance during market fluctuations. Throughout the video, I maintain a positive outlook on Bitcoin’s potential for upward movement and emphasize the importance of patience and continued track
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