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so you're here because you want to get a
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handle on all the Bitcoin chatter right
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especially where the price might go but
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without you know needing a PhD in chart
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reading or getting lost in all the hype
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online exactly think of this as your
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shortcut to understanding at least one
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perspective that's out there and today
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we're zeroing in on one specific
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analysis it's from a uh a Hindi language
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YouTube video that's right the channel
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is CryptoKing AK and the video title
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translates roughly to something about a
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crypto market crash and Bitcoin price
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prediction right now obviously it's in
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Hindi right but we're not focused on the
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language itself is the technical
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analysis in the video the Bitcoin daily
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chart stuff that we're digging into the
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patterns the price levels they're
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talking about yeah we're pulling out
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those key technical bits like what price
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levels are important according to this
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analyst where might they see potential
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um entry points and what targets are
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they setting based on their charts and
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our mission here is pretty
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straightforward we want to unpack this
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one analysis understand the logic or at
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least the stated logic behind it and
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just give you a clear rundown of what
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this particular viewpoint is super
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important to say though we're just
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exploring their analysis this isn't us
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telling you what to do definitely not
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investment advice absolutely not just
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breaking down the source material okay
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let's get into it where does this
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analysis say Bitcoin is sitting right
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now uh according to the video the price
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is hovering right around $17,000
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17,000 okay and why is that number
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significant in this analysis well they
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identify it as a major resistance level
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think of it like a ceiling the analyst
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pointed out that Bitcoin recently tried
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to break through that $17,000 mark and
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well it failed it got rejected got it so
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a bit of a roadblock at 17K does the
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analysis mention anything about like
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past trades or recommendations they made
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it does yeah they talk about a previous
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long entry basically a suggestion to buy
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that they apparently identified
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somewhere between $11,000 and $13,000
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okay so buying lower down right and then
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following that they say a recommendation
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to take profits was given out um around
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that $17,000 level we just talked about
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apparently that went out via their
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telegram channel ah okay so they told
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people who got in lower to maybe sell
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near that resistance point makes sense
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and what happened after that did the
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price just you know stall well the video
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points out that there was a price
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correction after hitting that 17k R mark
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and the profit taking signal which you
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know is pretty normal prices don't go
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straight up forever chase out pullbacks
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happen but here's where their analysis
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gets uh particularly you know
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interesting for future predictions they
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see a specific pattern forming on the
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chart oo okay a chart pattern what are
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they seeing they're calling it a bullish
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flag pattern a bullish flag okay what
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does that mean in simple terms right so
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imagine a flag pole that's like a sharp
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price increase that happened earlier
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then the flag part is when the price
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consolidates kind of drifts sideways or
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slightly down for a bit the theory
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behind this pattern is that this
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consolidation this flag is just a pause
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a breather and it suggests the price is
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likely to break out upwards again
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continuing the original trend from the
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poll so the flag is like the market
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catching its breath before potentially
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running higher that's a good way to put
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it yeah and this analyst based on seeing
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this bullish flag believes there's a
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strong chance Bitcoin will move higher
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once this consolidation phase is over
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interesting so even with that rejection
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at 17K and the dip this pattern makes
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them think it was just temporary what
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about getting back in then does the
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analysis suggest any potential buy zones
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it does mention a couple of potential
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re-entry points for a long trade the
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first one is if the price dips back down
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into that uh 12,000 to $13,000 zone the
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area where they spotted that earlier buy
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opportunity exactly the thinking is if
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the price revisits that area during this
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consolidation it might act as support
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and offer another chance to buy in maybe
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for people who missed the first move
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okay so watch the 12K to 13K range for
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possible bounce is there another level
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yes there's a second level they call the
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main entry point that's lower down
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around $9,500 to $9,750
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wow okay quite a bit lower what's the
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logic there the significance of that
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$9,500 $9,750 area according to the
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analysis is that it used to be
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resistance a ceiling the price struggled
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to break through in the past right and
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often in technical analysis once a
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strong resistance level is broken it can
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flip and become a support level a floor
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so they're suggesting that if the price
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were to fall all the way back there it
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might find strong buying support okay so
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two potential zones to watch on the
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downside 1213k and a stronger potential
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$9.75 can skains now let's flip it if
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things go bullish like that flag pattern
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suggests where does this analyst see the
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price going what are the targets well
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the first target maybe predictably is
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getting back above that $17,000 level
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but it's not just hitting it they
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emphasize it needs to be reclaimed
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reclaimed meaning meaning price needs to
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break decisively above $70,000 and
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crucially stay above it turn that old
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resistance into new support got it and
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if that happens if that happens the
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analyst expects things to move quickly
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they anticipate a fast breakout
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potentially even leading to a new
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all-time high for Bitcoin like breaking
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a dam you know once it goes it could
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really accelerate okay so 17 take is the
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key hurdle break that cleanly and
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they're looking for potentially new
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highs what about other targets did they
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mention anything else they did mention a
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next target range it was stated as uh
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$15,000 up to around $1,300 hold on
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$15,000 up to $1,300 that second number
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$1,300 that sounds wrong especially if
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we're talking about new all-time highs
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yeah it definitely seems like a typo or
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a mistake in the source video or its
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transcription $1,300 is way down not up
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near all-time highs it's really out of
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sync with the rest of the analysis we
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have to report what was presented but
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honestly that upper bound looks highly
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suspect probably a much higher number
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$18,300 or something else entirely it's
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just odd good flag so something to be
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very skeptical about in that specific
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range they gave but they gave a time
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frame for reaching these targets or well
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this range they did suggest a time frame
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for reaching that uh let's call it the
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second target zone keeping the likely
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error in mind the analyst suggested it
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could happen within the next 2 to 3
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weeks wow 2 to 3 weeks that's quite soon
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very optimistic time frame it definitely
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indicates a strong conviction in their
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short-term bullish view yeah what about
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the rest of the crypto market does the
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analysis touch on altcoins or the
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general mood yes the overall sentiment
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expressed is quite bullish for the
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broader crypto market not just Bitcoin
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the analysts used a phrase suggesting a
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big upheaval is coming soon implying a
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large positive move across the market a
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rising tide scenario pretty much and
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they specifically advised people holding
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altcoins that have started to recover to
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basically be patient don't panic sell
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because they anticipate more profits
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could be coming soon across the board so
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the message is generally positive for
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crypto holders according to this view
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now did the analyst promote anything
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like ways to follow their work more
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closely uh yes they mentioned their
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telegram channel for getting real-time
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updates entry points chart analysis that
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sort of thing pretty standard for crypto
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analysts yeah and they also mentioned a
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premium group claiming it has a quote
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high accuracy rate in its trading
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signals again we need to stress we're
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just relaying what was said in the video
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we're not verifying or endorsing any of
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these claims about accuracy or services
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absolutely crucial reminder we're purely
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dissecting the analysis presented in
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this specific YouTube video
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forformational purposes this is not
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financial advice so let's just quickly
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recap the main takeaways from this
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analysis for you yeah key resistance is
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there's a potential bullish flag pattern
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suggesting more upside could be coming
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okay potential buy the dip zones
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identified are around
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$12,000$13,000 and then a more
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significant one possibly at $9,500
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got it and the upside targets are
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reclaiming $17,000 first then aiming for
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$15,1300 remembering that huge caveat
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about the $1,300 figure potentially
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within weeks and generally a bullish
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outlook for crypto overall so for you
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listening even if you're not planning to
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trade based on this understanding this
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kind of technical take gives you insight
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into how some people are reading the
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market tea leaves so to speak it's one
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piece of the puzzle exactly it helps you
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understand the conversation that's
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happening out there which actually leads
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to a good final thought you know
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considering this one analyst technical
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what else might be driving Bitcoin's
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price right now or in the next few weeks
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think about things beyond just chart
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patterns like macroeconomic news or
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maybe developments in regulation or even
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different kinds of cryptospecific
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analysis like looking at blockchain data
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itself how do all these different angles
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potentially combine or sometimes
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contradict each other to give a fuller
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picture something to definitely keep
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exploring if you want to understand this