Where I'm Buying the Bitcoin Dip in This Bull Run
Where I'm Buying the Bitcoin Dip in This Bull Run
12 hours ago•VirtualBacon•@virtualbacon
YouTube6 min 46 sec
Watch on YouTube
Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights
  • Consider scaling into Bitcoin (BTC) in the $80,000–$78,000 range, where the speaker sees long-term support; this level is not guaranteed to hold.
  • Treat a weekly close below $75,000 as a signal to reassess the bullish thesis and risk exposure.
  • The speaker also plans to add some altcoins, but names no specific coins or entry prices, so no particular altcoin trade is identified.
Detailed Analysis

Bitcoin (BTC)

  • The speaker is bullish and says they are buying the dip, with a target range of roughly $80,000 to $78,000.
    • The upper part of that range is based on the 50-week EMA, which the speaker identifies as the bull-market support level. They cite a current level near $78,400–$78,500, expected to rise over time.
    • The speaker compares the setup to Bitcoin’s 2023 consolidation around $26,000–$27,000, which they view as a useful precedent for buying during an early bull run.
  • The speaker says their stop-loss level is around $75,000, based on the 50-week SMA. They would take a weekly close below that level seriously as a possible sign the bull-market thesis is wrong.
    • They describe a move into the support band as normal, but say a break below the long-term average would require reassessing the strategy.
  • The speaker says 85% of their exposure is in Bitcoin and plans to allocate additional funds to Bitcoin and altcoins.

Takeaways

  • The transcript’s specific approach is to scale into Bitcoin between roughly $80,000 and $78,000, rather than wait for a much lower price. This is the speaker’s strategy, not a guarantee that the support level will hold.
  • The $75,000 area is presented as a key risk threshold. The speaker’s stated signal is a weekly close below $75,000, not merely an intraday dip.
  • The strategy depends on a bullish-market interpretation of historical price patterns; the speaker acknowledges that the thesis could be wrong.

Altcoins

  • The speaker plans to use part of their remaining allocation to buy altcoins during the dip, alongside Bitcoin.
  • No specific altcoins, tickers, entry prices, or selection criteria are mentioned.

Takeaways

  • The transcript signals interest in adding some altcoin exposure, but does not provide enough detail to identify particular coins or assess their individual risks.
  • The speaker’s portfolio comments are personal positioning, not a broadly applicable allocation recommendation.
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Video Description
Bitcoin touched 80K this morning, so is this the dip to buy? In a bull market the faster 50-week EMA is the buy target and the slower 50-week SMA is the line that should not break. I walk through where that band sits right now, how Bitcoin chopped on the same band for six months in summer 2023 around 26K before the run, and exactly how I am positioned: buying from 80K with laddered entries, a stop below the 50-week SMA, and still about 85 percent of my portfolio in Bitcoin. ---------------------------------------------------- All Exchanges and Links ✅ FOMO Social Trading: https://bacon.link/fomo (Follow my real on-chain trades live. Real money on my actual account, so you see exactly what I hold, my size, and my entries) ✅ Toobit Exchange: https://bacon.link/toobit ($50 Free Bonus, No Verification Required) ✅ PropW: https://bacon.link/propw (Trade a $50K Funded Account) ✅ Bitunix Exchange: https://bacon.link/bitunix ($5,500 Bonus, no KYC) ✅ ByBit Exchange: https://bacon.link/bybit ($30,000 Bonus, KYC Needed) 🧰 Toobit Agent Trade Kit (connect an AI agent to the exchange): https://www.toobit.com/agent-tradekit 💎 Join The Coiners, our Trading Dashboard and Community: https://thecoiners.io 📢 Follow my X for Quick Alpha: https://x.com/virtualbacon 📢 Telegram, the daily market briefing and live alerts: https://t.me/virtualbacon 📢 Courses, Exchange Guides, and All Links: https://virtualbacon.com/ ----------------------------------------------------- My Other Videos 8 Years of Crypto Trading Advice in 40 Minutes 👉 https://youtu.be/p9iEJgFReB8 Crypto Investing for Beginners, Full Course 👉 https://youtu.be/niT7g4ghm3o ----------------------------------------------------- Chapters 0:00 The Bitcoin buy target in a bull market 1:08 What Bitcoin did on this band in 2023 3:40 How I am buying this dip 5:43 Why every early bull run dips into the band ----------------------------------------------------- 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome. #Bitcoin #BTC #Crypto #VirtualBacon
About VirtualBacon
VirtualBacon

VirtualBacon

By @virtualbacon

I'm Dennis, a Crypto angel investor with 100+ startups in our portfolio. On this channel I share my views on market trends and investing strategy for Crypto.