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➡️ Follow @Bitcoins to get latest news, Fundamentals and TA about bitcoin and the crypto market.
🇩🇪 German banking giant DekaBank to offer Bitcoin and crypto to 1.5m retail customers and +500 institutional clients. DekaBank manages $428 Billion in assets.
@Bitcoins
#BTC got rejected on weekly OB and is now retesting support, there's also an OB (Order Block) on daily and 100 MA on 4H to hold the price.
RSI is looking quite good on several time frames presenting bullish hidden divergence.
Ideally we'd like to see a sweep of the lows, about 22300$, since this fits for a range, trigger that liquidity and reclaim 22600$ - 22900$ support, that would be a solid long IMO.
In case 22600$ - 22300$ won't hold, immediate support is 21746$ (21 MA on daily), where it would be a bullish retest of the diagonal trendline from top that BTC have broken out, also a long possibility.
We'd still be quite bullish down to 20k - 18k, so I'd rather wait for a long than force a short.
@Bitcoins
Bitcoin mining difficulty has reached its ATH.
@bitcoins
🔳 Digital asset investment products saw US$117m inflows last week, the largest since July 2022, while total asset under management (AuM) have risen to US$28bn, up 43% from their November 2022 lows.
🔳 The focus was almost entirely on Bitcoin, which saw US$116m inflows last week, although there were also minor inflows into short-bitcoin of US$4.4m.
Source: Digital Asset Fund Flows Weekly Report by CoinShares
Follow @coach for more crypto insights 🔎
#Coach_Educates
https://twitter.com/CryptoCoinCoach/status/1619430562460205060?s=20&t=N431Ct4W1xkc0cnW48iQTw
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Public miners ended 2022 with roughly 33,290 bitcoins in treasury.
@bitcoins
Is 💰BTC forming a massive Adam and eve pattern?
🔥 - Yes
👀 - No
🥳@Coach
Bitcoin miner and hosting provider Blockstream raised $125 million in a convertible note and secured loan financing round.
https://twitter.com/blockstream/status/1618057878602149888
@bitcoins
BTC 💰
Struggling to break the resistance and if BTC could not break it we may see BTC correcting towards the nearest demand zone and a continuation if BTC failed the demand zone we can expect BTC to drop back to 18400$ support which is the neckline of the broken Adam and Eve pattern.
🥳@Coach
When BlackRock is done stacking they'll suddenly say that #bitcoin is the most environmentally friendly thing on earth.
@Bitcoins
On Jan. 20, a solo miner with a hashrate of only 10 TH/s added block #772,793 to the Bitcoin blockchain according to the pool's admin Con Kolivas.
Per Glassnode, the network’s processing capacity at that time was 273.2 EH/s; the miner's share was 0.000000036%.
👀 "A miner of this size should only find a block solo about once every 500 years at the current bitcoin difficulty, making this a once-in-a-lifetime lucky event for them," tweeted Con.
@Bitcoins
#BTC
Consolidation took it higher and BTC is currently breaking up the massive Falling Wedge formed at top, this is very important breakout and shouldn't be goofed off as everything in this moves (candles itself) are solid and strong!
200 MA (purple line) will act as a resistance and we'd like to see further consolidation on this area to have a better bias of where BTC would like to go next!
200 MA and 23.6% are quite tough resistances to overcome, same as 50 MA on Monthly chart which we are poking at (23200$).
We'll wait for Weekly close as confirmation of this breakout, as it is confirmed on daily!
https://www.tradingview.com/x/BfpSVfD7/
Bitcoin dominance has hit 41.5% as of Jan. 20 — the highest level over six months.
@Bitcoins
🔎 On January 9, Nigerian citizens were banned from ATM withdrawals of more than 20,000 Naira (about $43.50) per day, and the weekly limit is 100,000 (about $217). Because of this, the price of 1 BTC on the Nigerian crypto exchange NairaEX grew to 17.7 million Naira, approx. $38.6k.
📊 Meanwhile, Google trends show a spike in interest in Nigeria to buy Bitcoin.
Are there any @Bitcoins subscribers from Nigeria🇳🇬? Show yourself!
Index of Fear & Greed has moved from the zone of extreme fear to greed in a month, reaching 61 points today.
The metric takes into account such factors as volatility, market dynamics, trading volumes, social media trends, BTC dominance index, and Google Trends data.
@bitcoins
🇳🇬 The price of one Bitcoin in Nigeria has skyrocketed to the equivalent of $38,000 in the local currency, the naira, which is more than a 60% premium over the current market price of $BTC.
Reason: the Central Bank of Nigeria has continued to impose limits on ATM cash withdrawals amid an ongoing effort to accelerate its shift to a cashless society.
Nigeria is leading the "How to buy Bitcoin“ search worldwide 🔥
@bitcoins
Weekly Crypto performances.
1.💰 Bitcoin : 3.51%
2.💰 ETH : -0.62%
3.💰 BNB : 6.26%
4. 💰XRP : 2.49%
5.💰 Cardano : 6.20%
6.💰 Doge : 5.84%
7.💰Polygon : 18.42%
8.💰Solana : 5.60%
9.💰Polkadot : 5.86%
10. 💰Litecoin : 9.20%
🥳@Coach
Goldman Sachs names Bitcoin best performing asset of 2023.
@bitcoins
Porsche twitter has 2.1 million followers
they could not sell 2,000 NFTs
web2 brands will never make it in web3
@bitcoins
#BTC
Let's adjust the trend lines from the Bullish Pennant, shall we?
There's nothing new to add until it breaks this consolidation either way.
https://www.tradingview.com/x/Mpnsqb3f/
@Bitcoins
#BTC has found support above 23.6% of this small fib and pattern wise this seems like a bullish pennant.
If it breaks up, we're probably going for the negative fibs above, respectively 24k and 25.6k as targets.
You can trade the breakout, but be aware BTC is in need of a correction for a while now...
https://www.tradingview.com/x/PgwpSy0i/
@Bitcoins
SPX500
🔵Broke a major downtrend line and now all needed is a structure break above the previous swing high.
🔵Expecting more to the upside🚀.
@Market
The current bear market is fairly on track with previous bears.
@Bitcoins
#BTC — Ichimoku Cloud
https://www.tradingview.com/x/9U9lFBfj/
3D Ichimoku Cloud is something to follow up as price approaches to enter the cloud with 100 MA (turquoise line) as resistance.
Once inside the Cloud it should head to break it's roof — see 2D chart as example.