-
Join to get latest news on bitcoin and crypto. admin @nicolasmadur0
The current Bitcoin $BTC drawdown mirrors that of 2017-2018.
@bitcoins
Buying banana bread with Bitcoin lightning⚡️ in Germany.
@bitcoins
The 7-day moving average of daily transactions on the Bitcoin network reached 312.6k on Saturday, a new high since February 2021.
A lot of hype has recently broken out over the Ordinals Bitcoin NFTs. These NFTs take advantage of upgrades made with Segwit and Taproot that make it cheaper to store data in transactions.
📍 Follow @Coins for the hottest news in crypto.
Bitcoin Taproot activity has lifted adoption metric to an ATH 7.47%, and utilization to 2.84%.
@Bitcoins
Click the Tweet and comment
Tweet 👉 https://twitter.com/CryptoCoinCoach/status/1621596645489278976?s=20&t=YjBHKrBHeFjQSF1-8Lp_Hg
https://twitter.com/CryptoCoinCoach/status/1621592046992764928?s=20&t=YjBHKrBHeFjQSF1-8Lp_Hg
Читать полностью…
BTC has been gaining traction relative to ETH on EUR markets in January while it held its ground on USD markets. Crypto/ETH/ESG investment narrative has some way to go in Europe.
@Bitcoins
Since the Friday anomaly peaked around Bitcoin's all-time high set over a year ago, Fridays have been a drag on performance, until recently. With the recent rally in Bitcoin, the Friday anomaly appears to be back.
@Bitcoins
🔺 Bitcoin purchases from ETF-funds increased sharply in January (more than half of all purchased $BTC since Jan. 9 comes from this cohort).
@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!
SPX:
🟠Broke the descending resistance and also the horizontal resistance 🚀
🟠Market structure Bullish🚀
🟠Golden pocket done ✅ [200MA crossed the 50MA ]
😱@Market
Ark Invest investment company Katie Wood has published its long-term forecast (until 2030) on the BTC rate change:
• Bearish – provides for an increase in the price of BTC to $258,500
• Basic — increase in the value of the cryptocurrency up to $682,800
• Bullish — the asset price rises to $1.48 million.
For the calculation, analysts took into account 8 factors, for example, the amount of funds invested in cryptocurrency by institutions and the amount of transactions in digital assets.
https://ark-invest.com/big-ideas-2023/
📍 Follow @Coins for the hottest news in crypto.
Daily Important Hits (February 06,2023)
⭐️ STOCKS ⭐️ INDICES ⭐️ FOREX
🌍Lula says 'no explanation' for Brazil's current interest rate levels.
🌍Euro zone yields rise, spreads widen before central banks’ speakers.
🌍FTSE 100 slips from record high on Fed rate jitters.
🌍Hungary cbanker: demand, raw materials prices retreating
🌍Thai inflation seen slowing, back to target this year -finmin.
🌍Kuroda defends BOJ's current stimulus as best way to hit inflation target.
🌍Japan finance minister says he was 'out of the loop' on BOJ gov nomination.
🌍Wall Street extends Friday's declines early.
🌍Hedge funds caught in bigger squeeze than 2021 meme stock frenzy - Goldman Sachs note.
🌍Eurozone banks: sellside least bullish in a year.
🌍Sri Lankan shares snap 3-day rally as financials weigh.
🌍Currencies ease as dollar gains, Polish and Romanian cbank decisions in focus.
🌍Russian rouble recovers after clipping near one-month low vs dollar.
🌍South Korean shares, currency, bond prices all dive after U.S. data.
😱@Market
>50% of all circulating bitcoins $BTC have not moved for more than 2 years. This is a new historic high on adopting a HODL strategy.
@Bitcoins
#BTC #CME_FUTURES
https://www.tradingview.com/x/xgInWCom/
Bitcoin didn't sweep the lows at 22300$ but it quickly reclaim the 22900$ which is good and goes accordingly with analysis...
It's still being rejected from Monthly and Weekly resistances albeit weekly is printing a Spinning Top inside Weekly Order Block (need Sunday close confirmation).
"Spinning tops candlestick pattern represents indecision about the future direction of the asset. It means that neither buyers nor sellers could gain the upper hand."
Price Action isn't great on daily and showing difficult to go above 24k, leaving us with a range between 24k resistance and 22.6k support, where it did breakout from the top trendline and has 70.6% fib as support together with 200 MA on daily!
A sweep of the lows as analyzed previously has a high probability since it's below resistance and PA isn't looking goood!
@Bitcoins
Bitcoin NFTs push transaction fees on the blockchain to highest in over a year.
@bitcoins
DXY broke down A solid horizontal support!
Crypto Bull market ahead? or will this be faked out?
@Market
SPX500
Fake down 👉 Break down
🌍Expecting some correction of SPX loses the ascending support.
@Market
One of South Africa's largest retailers, Pick n Pay, now officially accepts Bitcoin and Lightning payments in all its stores.
https://twitter.com/bitcoinmagazine/status/1620767441164054529
@Bitcoins
🇵🇭 Bitcoin-based app Strike expands in Philippines to grow cross-border payment solutions.
@Bitcoins
🇩🇪 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