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➡️ Follow @Bitcoins to get latest news, Fundamentals and TA about bitcoin and the crypto market.
#BTC
Bitcoin might have started it's correction before going higher, support goes from 19500$ down to 18500$ on a bullish perspective, visible by MA's and other indicators, although this might be a consolidation to go a bit higher before it corrects!
Right now there's no trades to be from a TA point of view, as we don't know if this is a bullish consolidation or the start of a correction for a healthy uptrend.
Daily remains pending bullish albeit it may need a correction toward 19500$ — 18800$ — 18500$
https://www.tradingview.com/x/dpiL8gqJ/
@Bitcoins
#TOTAL2 (Crypto Market Cap Exc. BTC) — ALT's
The Weekly Bullish Divergence kicked in and price could get above 21 and 200 MA (respectively blue and purple lines), also above previous ATH and 70.6% fib level, which is quite bullish!!!
If price manages to hold above these indicators, especially 70.6% fib closing weekly chart, then we could see upside toward next zone of confluence and resistance — 50 MA (red line), golden zone (65.0% fib) and 61.8% fib which confluences with breakout zone (the dotted trend line from top) — more specifically around 600B — 700B which would turn in a sea of green and many opportunities to trade ALT's.
Lose that support, and ALT's will be wiped out once again losing more than 200B market cap — that's the scenario less likely at this point but the toughest to trade going forward!
https://www.tradingview.com/x/BEWpJ4tM/
@Bitcoins
The cyclical repetition of bitcoin price is theorized to indicate successive new classes of long term investors being initiated to Bitcoin each halving period.
@Bitcoins
Texas proposed legislation to consider Bitcoin as an authorized investment for the state and give tax incentives to BTC miners.
https://twitter.com/bitcoinmagazine/status/1615744381243228162
@Bitcoins
Investing is risky you say?
The chart of purchasing power of $1 says the opposite: risky not to invest.
@Bitcoins
SPX: Possible to go up higher! RSI broke out the descending resistance as well as the SPX market!
Expecting an up rally 🚀 !
@Market
It seems your opportunity to buy GBTC shares at an almost 50% discount to the net asset value has passed as the margin between the price of GBTC and the bitcoin backing it narrowed. The discount reached 36.26% on January 13th, the lowest it has been since early November.
In general, prices across the board rose as inflation in the United States showed a 0.1% month-on-month decrease in December.
It’s a similar story for ETHE, with shares in both products showing positive price performance in the new year but still trading much lower than the NAV.
Grayscale’s CEO was not particularly optimistic about GBTC going into 2023, citing its woes over its ability to convert to a spot-based ETF. Grayscale filed suit against the SEC for rejecting its application, but the regulator so far is standing its ground on its decision.
@Bitcoins
Bitcoin is trading above $20k for the first time since Nov. 8th. Trade volumes have soared, reaching their highest levels since the FTX collapse.
@Bitcoins
Bitcoin ushered in a mining difficulty adjustment at block height 772,128. The mining difficulty climbed 10.26% to 37.59 T, a record high. The average hashrate of the entire network is now 269.02 EH/s.
@Bitcoins
Options IVs have fallen towards all-time lows across a set of different expiries. For instance, the IV of 1mth, 3mth, and 6mth expiries sit at all-time lows.
@Bitcoins
Despite bearish BTC price action throughout 2022, activity on the Bitcoin network has remained stable. The number of active Bitcoin wallets was flat in 2022, at ~4.5M — inline with the numbers from the past four years.
Looking at a four-year cycle, the active wallet count is even trending upwards slightly. But at the same time, it’s clear that active address growth has been stagnant since roughly Q1 2021.
Active address levels have found a higher base than in the previous cycle, so we haven’t seen a significant exodus of users from the Bitcoin network. But we haven’t seen significant growth, either.
Instead, we’ve seen active wallets on Bitcoin remain relatively flat throughout all of 2022. Even when they peaked in 2020, they barely surpassed the prior high from 2017.
@Bitcoins
According to security researcher and data miner Jane Manchun Wong, Twitter is working on coins purchasing screen.
On the web, Twitter Coins purchase will be done through Stripe.
@Bitcoins
⏳ 14 years ago, back in 2009, for the simplest help in testing Bitcoin transactions, developers paid enthusiasts 25 BTC each.
@Bitcoins
#BTC.D — Bitcoin % Dominance Chart Overview
https://www.tradingview.com/x/UJgyEDv5/
@Bitcoins
🌐 Crypto․ com says global crypto holders increased by 39% to 425 million in 2022.
@Bitcoins
Bitcoin’s correlation with the USD has been mostly negative over the past year, falling to as low as -0.6 in early January before rebounding to -0.4 last week.
@Bitcoins
🔸 There is a notable similarity in market strength to that observed in April 2019, albeit the current market is yet to breach the Long-Term Holder Realized Price.
🔸 In both the 2018-19 and 2022-23 bear markets, all three realized prices converged, indicating a return to a homogeneous holder base (where the average BTC holder carries an approximately equivalent cost basis, regardless of holding time).
🔸 The Short-Term Holder Realized Price is lower than the others, reflecting a major capitulation style event after FTX collapsed, indicating a significant volume of coins changed hands afterwards.
@Bitcoins
The number of bitcoins dormant for over 5 years has reached a record high of 27.539% of the total supply.
Nature got so cleaned up that the real hodlers came back in the house 😅
@Bitcoins
Bitcoin has been green 12 days in a row, which is the second successful episode in its history. It was green longer only in November 2013 (for 15 days).
@Bitcoins
BTC hashrate hits ATH second time in 7 days, difficulty expected to grow 9%.
BTC hashrate rose 20% on Jan. 12 before retracing to 251.79 EH/s.
@Bitcoins
4-year halving cycles.
Every 4 years, the reward per block is cut in half.
There will only ever be 21M bitcoin & over 90% have already been mined.
@Bitcoins
14 years ago, on January 12, 2009, Satoshi Nakamoto made the first BTC transaction to Hal Finney sending 10 BTC.
https://www.blockchain.com/btc/tx/f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16
@Bitcoins
Expecting more for upside if BTC and SPX close above the BOS lines 🚀.
🥳@Coach
2022 was the cheapest year to use the Bitcoin network if to calculate costs in Satoshi (SATS).
In the dollar equivalent, the cheapest year was 2012, when the network could be used almost free of charge.
The highest level of block space utilization was recorded in 2017 (over 90%).
@Bitcoins
The number of Bitcoin-whales transactions has significantly decreased after the FTX crash.
At the beginning of November, about 42% of bitcoin transactions were transfers worth more than $10 million. Today, the figure does not exceed 19%.
@Bitcoins