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Bitcoin correlation with SP500 is coming back to normal historic levels.
@bitcoins
Fun fact:
Today 13 years ago, someone tried to sell 10,000 $BTC for less than 1¢ each. No one bought them 🫥
@bitcoins
Binance Bitcoin trading volume hits lowest level in 8 months following termination of zero-fee trading.
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Bitcoin: bull runs following prior halving cycles.
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10 years later, Bitcoin's market cap makes $518 billion 🔥
♥️ from you: https://twitter.com/CryptoCoinCoach/status/1640673036117442562
Follow @coach for more crypto insights 🔎
#Coach_Educates
📈 Bitcoin's NUPL chart moves out of hope/fear for the first time since May 2022.
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🚨JUST IN 🚨 : Microstrategy Secures 6,455 Bitcoins in $150 Million Deal at $23,238 Average Price.
@Crypto_News | Tweet
Less than 40% of total Bitcoin supply is considered liquid (< 1 year).
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Total deposits are down 3.5% from its highs or more than $650 billion from the peak.
This is the largest drawdown in deposits in the last 2 decades surpassing the GFC levels.
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#GOLD — Overview of the "major breakout..."
HTF (Weekly), with EMA's.
https://www.tradingview.com/x/35GLzRXD/
@Bitcoins
💭 Cathie Wood, Ark Invest CEO: “The behavior of the price through this crisis is going to attract more institutions.”
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SPX500
🔹Broke one descending resistance trend line and also breaking out another descending resistance.
🔹Possible to pump towards 4700$ from the technical perspective
🔹Should break the horizontal resistance [ 4100$-4130$ ].
😱@Market
Buy generators when the grid fails.
Hire private security when police are abolished.
Hold Bitcoin when banks collapse.
@bitcoins
Fits perfectly
📍 European Central Bank, Frankfurt, Germany
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💬 "Bitcoin was born amid the 2008 crisis. The current banking crisis is likely to be the catalyst for a rally in crypto," Bloomberg Intelligence Chief Strategist.
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Fast fact:
At today’s hashrate growth rate of Bitcoin, which has reached 400 exahashes per second, we will begin measuring hashrate in zettahashes by the end of 2025.
@bitcoins
MicroStrategy now owns 1 out of every 151 #bitcoin that will ever exists.
@bitcoins
Exactly 9 years ago, Ark's Cathie Wood predicted $BTC at $500 for the 1st time: "Bitcoin could go viral."
As well as your predictions, Cathie 😉🫶🏼
@bitcoins
The current bear market (blue) in comparison to the previous ones: 1946-1949, 1973-1974, 2000-2002.
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U.S. hours have been a major source of bullish pressure since the beginning of the year.
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BTC liquidity has dropped to 10 month lows as market makers lose access to USD payment rails.
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#BTC — Analysis
Bitcoin should be heading toward 28600$ where it will find price resistance...
— If manages to get above, then the Weekly OB (orange rectangle) will act as resistance and only then you could aim toward the TP of 32000$ — the algo fib (top negative fib).
Beside what it was just stated, price could consolidate between the top of broadening wedge — 27000$ and one of those resistances, respectively 28600$ — 29000$ — 29700$ until it reaches 32k as main target of this move and major resistance!
Bitcoin seems Sound during all this narrative of the Banks, followed by #GOLD that just had a major breakout and might be aiming for a wild run!!! Same will happen if Bitcoin manages to surpass 32k — 36k
https://www.tradingview.com/x/KhtPz7ou/
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👀 Terra founder Do Kwon reportedly arrested in Montenegro.
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