Video Description
Bitcoin just dropped from 72,000 to 59,000 in five days. People are panicking. I'm not stressed, because I don't care about calling the exact bottom.
Here's the late-cycle playbook I actually use. Bitcoin tends to bottom inside a roughly 12-month window late in the cycle, and we are about eight months into that window. The 200-week moving average is my gauge for value price, sitting near 62,000 right now, and historically Bitcoin has bottomed at that line or up to 25% below it. So the plan is simple: I start buying at 65,000 and below. That is not a bottom call. The actual low is probably lower.
One thing I've learned the hard way: a higher buy target beats a lower one. If your target is too low, you freeze when prices are finally cheap and everyone around you is panicking, and you...
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This video from VirtualBacon provides insights into the latest cryptocurrency developments. Stay informed about BITCOIN market movements, technical analysis, and breaking news from trusted sources in the crypto community.
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About This Source: Youtube Virtual Bacon is tracked by Crypto-Headlines to provide you with timely updates from trusted voices in the cryptocurrency community.
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