It's important to understand that:
Price has started pumping when sellers are running out.
Price has started dumping when buyers are running out.
- IRAN COULD ATTACK ISRAEL IN LESS THAN 24 HOURS, SOURCES SAY, AS WESTERN POWERS ISSUE TEHRAN A WARNING - FOX
- GOLD PRINTED A NEW ATH.
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Cost of electricity to produce 1 bitcoin is 60k
Total production cost includes ( electricity + warehouses +Labor ... etc) is much more than 60k
Now BTC is being traded at exchanges below 60k.
THe logic is simple => BTC is undervalued below 60k.
- GOLD up
- BTC stable and tends to follow GOLD
- Stocks dumping hard
👀US in the verge of Recession
JUST IN: 🇺🇸 Elon Musk's X space with Donald Trump has crashed as a result of too many people trying to join.
@BRICSNewspaper
Green alts today but high tf charts look like this 👀
U will have much time to watch consolation at bottom. No rush to buy at local green candles
BTC keeps trading at a big range
Few alts are in 30% green but they ended by a tower drop
August is time to accumulate at range low BTC & Alts
You can think BTC is like this chair.
Cost of wood material to produce this chair is at 6$.
Total production cost includes ( Cost of wood material + Warehouse + labor + ... etc) is much more than 6$, probably at 10$
Now It is being sold at Amazon at 6$
🙈
Most likely A recession will come at lately 2024, right after US starts cutting rate.
But historically there were sometimes late pumps (BlowOffTop) before a huge crash (delayed).
Sometimes It crashed straightly right after US starts cutting rate