✅ Bitcoin's Ultimate Technical Analysis: Journey from the 1st Halving to Now 📈
🧠 Dive deep with us as we unravel the mysteries of Bitcoin's price movements since its first halving event. 🔍✔️
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@Coach 🥳
"Bitcoin has the most likely possibility of becoming a universal, viable currency," says Joe Rogan.
💎@Bitcoins
Hey fam! 🚀 Let's decode the "Long-Legged Doji" real quick:
This bad boy signals indecision in the market. When you spot it, don't jump the gun; analyze the bigger trend first. If it's near support in a downtrend, we might see a bullish U-turn 📈. But near resistance in an uptrend? Brace for a possible bearish shift 📉.
Remember, the doji's high and low are KEY levels. Use OCO orders to play it smart: buy above the high, sell below the low, and set those stop losses!
Stay sharp, and let's bank those coins! 💰🔥
@Coach 🥳
Arkham: “The US Government currently custodies over $6B in BTC on-chain.
Their holdings comprise BTC seized from 3 events:
2020 Seizure from Silk Road - 69.37K BTC
2022 Seizure from Bitfinex Hack - 94.64K BTC
2022 Seizure from James Zhong - 51.326K BTC”.
https://twitter.com/arkhamintel/status/1654514710555885571
@bitcoins
Michael Saylor in a CNBC interview: takeaways
🔺 Bitcoin’s recent rally led to a significant reduction in Microstrategy’s BTC impairment loss and helped the firm strengthen its capital structure.
🔺 The software business of Microstrategy is a stable cash cow that provides the firm with enough cash flow to pay off the interest on debts and continue accumulating BTC.
🔺 The shareholders and bondholders of his company are now conditioned to understand that they are long-term holders of BTC.
🔺 Bitcoin adoption is being driven by two key factors:
1. Macroeconomic concerns about inflation + the recent collapses in the banking sector: investors are encouraged to move from fiat to safe-haven assets
2. Crackdown on the crypto industry: the uncertainty revolving around crypto exchanges, crypto securities, and cryptocurrencies has led to a natural migration of capital to Bitcoin.
@Coach
Transaction fees on the Bitcoin network yesterday reached their highest point in 2 years, both by mean sats/vbyte per transaction in daily cumulative fees paid. Half of all transactions yesterday related to BRC-20 transactions.
@bitcoins
$BTC showed the how easily it can pump 10% and also how it can dump !
Halving around the corner ! Bulls showing how they gonna pump in the next bull run 😉 !
@Bitcoins
Bitcoin October Performance 📊
🟢2013 → 60.79%
🔴2014 → -12.95%
🟢2015 → 33.49%
🟢2016 → 14.71%
🟢2017 → 47.81%
🔴2018 → -3.83%
🟢2019 → 10.17%
🟢2020 → 27.7%
🟢2021 → 39.93%
🟢2022 → 5.56%
⚪2023 → ?? %
If Bitcoin's October returns from 2013 to 2021 were combined, you'd have a whopping 225.6% increase! 🚀
@Bitcoins
Top 10 Public Companies Holding #Bitcoin 💼🏢
1️⃣ 📊 Microstrategy: ₿ 152,800
2️⃣ 🏃♂️ Marathon: ₿ 11,466
3️⃣ 🚗 Tesla: ₿ 9,720
4️⃣ 💱 Coinbase: ₿ 9,480
5️⃣ ⛏️ Hut 8 Mining: ₿ 8,388
6️⃣ 📦 Block Inc: ₿ 8,027
7️⃣ 🎉 Riot: ₿ 6,974
8️⃣ 🌌 Galaxy Digital: ₿ 4,000
9️⃣ 💹 Bitcoin Group: ₿ 3,589
🔟 🐝 Hive Blockchain: ₿ 2,351
Microstrategy holds more Bitcoin than the next 9 companies combined! That's some serious belief in the power of Bitcoin! 🚀💰🔥
@Bitcoins
Skull of Satoshi spotted In NYC 👀
Bitcoin miners surpass the 50% clean energy mark, a key industry milestone: Bloomberg
@Crypto_News
Governments Officially Mining #Bitcoin 🚀
🇦🇪 UAE 💡
🇸🇻 El Salvador 🌋
🇴🇲 Oman 🌵
🇧🇹 Bhutan 🏔️
Did you know? 🤯 El Salvador uses volcanic energy to power its Bitcoin mining, making it eco-friendly and harnessing nature's fury! 🌍🌋💼
@Crypto_News
World's Top 10 Bitcoin Holders ✅ ✅
1️⃣ - Satoshi Nakamoto: 1.1 M BTC
2️⃣ - Grayscale: 643,572 BTC
3️⃣ - Binance: 498,147 BTC
4️⃣ - Bitfinex: 192, 508 BTC
5️⃣ - U.S. Government: 175,000 BTC
6️⃣ - Microstrategy: 152,800 BTC
7️⃣ - Block dot one: 140,000 BTC
8️⃣ - OKX: 118,334 BTC
9️⃣ - Robinhood: 118,300 BTC
🔟 - Winklevoss twins: 70,000 BTC
@Crypto_News
Financial System Currently:
1. Regional banking system is in turmoil
2. Record $1 trillion in deposits left banks in 1 year
3. Large banks paying 0.01% interest
4. Apple is entering the banking business
5. PayPal stock, $PYPL, just hit a 6-year low
6. Alternatives to bank deposits are everywhere
Time for Bitcoin?
@bitcoins
Today #tether announces its Q1 2023 Assurance Report (attestation) 👀
- Net profit for this quarter of $1.48bn leading to a surplus over reserves of $2.44B- an all time high!! 🤯
- This report adds new explicit separate categories for our #Bitcoin and Gold 🪙 holdings, representing 2% and 4% of our total reserves respectively.
- We have reduced secured loans from 8.7% to 6.5% of reserves. A 25% reduction! We shall continue to 0 as promised.
- Q1/2023 shows direct US T-bill holdings of over $53bn (another all time high for Tether) representing more than 64% of total reserves.
- A massive reduction in bank deposits, lowering our unsecured counterparty exposure.
- All new issuance of tokens in Q1/2023 was invested in US t-bills or placed in overnight reverse repo facilities (fully collateralised by US treasuries). With $7.5bn now directly invested in overnight reverse repo, our reserves continue to be not only extremely high quality but also highly liquid.
To give you a comparison: Blackrock Q1 net income: $1.16 billion
https://twitter.com/paoloardoino/status/1656301275645108224
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$BTC💵 view
📊 One reason for a high consolidation is we have a hidden trend line in non log chart and also a Major Support and resistance line which we have told on previous posts.
📊 Break above the high supply zones will magnet $BTC to 34k$+ and more.
📊 Just watching - Rejection also can cause a pretty decent crash.
#TRADESAFE
🥳@Coach
SPX500 looks like has formed an inverse head and shoulder pattern which has broken out and retested successfully.
If SPX breaks above the important resistance level we may see some bullish impulse .
😱 @Market
Watch: “Bitcoin benefits when the banking system is not so secure” -Bloomberg
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