Hey everyone and thanks for jumping back into the cryptoverse. Today we're going to talk about Bitcoin and we're going to be providing an update to the bull market support band. If you guys like the content, make sure you subscribe to the channel, give the video a thumbs up, and also check out the sale on into the cryptoverse premium at into the cryptoverse.com. Let's go ahead and jump in. So this week or really I should say this month ended up being a very similar month to what we saw in 2020.In fact, um I ...

Market Trend Prediction - The analysis suggests Bitcoin is likely to revisit the bull market support band, specifically the 20-week SMA and 21-week EMA, potentially in September [3][4] - Historical data indicates that post-halving years for Bitcoin have typically seen green months in July and August, followed by a red September [3][4] - The report considers a scenario where a Federal Reserve rate cut in September could lead to a negative reaction in the bond market, potentially driving the 10-year yield up to 5%, impacting Bitcoin [7][8][10] - Analysis draws parallels between Bitcoin's current valuation and its performance in 2020, noting similarities in market capitulation in Q1 [14] Altcoin Impact - A Bitcoin pullback to the 20-week SMA could result in a 20-30% drop for Ethereum and a 30-50% drop for altcoins [15] - Altcoins are expected to remain strong against Bitcoin until September, with a larger correction anticipated when Bitcoin revisits the 20-week SMA [16] Technical Analysis - The bull market support band is defined by the 20-week Simple Moving Average (SMA) and the 21-week Exponential Moving Average (EMA) [3] - Bitcoin stalled around $12,470 in 2020 before correcting to the 20-week SMA in September, a level that has been replicated recently [14]

Hey everyone and thanks for tuning back into the cryptoverse. Today we're going to talk about Bitcoin and we're going to be providing an update to the bull market support band. If you guys like the content, make sure you subscribe to the channel, give the video a thumbs up, and also check out the sale on into the cryptoverse premium at into the cryptoverse.com. Let's go ahead and jump in. So, Bitcoin actually had a nice move back up last week to the tune of about 7%.not quite at all-time highs just yet, but ...