Further downward momentum into support?BTC indicates underlying value of GBTC (not exactly 1:1 as GBTC is a 'representative' fund). Current trend is downwards into a range of support that has been touched several times recently.
BTC trade ideas
BITCOIN ALL TIME HIGH ANALYZE! AFTER THE RISING WEDGE PATTERN FAILED AND THE PRICE IMPULSIVELY RISE AND BREAK THE ALL TIME HIGH PRICE
WHERE IS THE RESISTANCE?
WHERE WILL BITCOIN STOP AND DO HIS SECONDARY REACTION? (DOW THEORY)
IN HERE I WILL USE THE GOLDEN RATIO 2.618 OF XAY FIBONACCI EXTERNAL RETRACEMENT AND THE PRICE WILLBE STOP AT 371.707B
DISCLAIMER ON!
Bonfire built trend symmetry. BTC MARKET After finding true square to price, I built rings from midline to historical pivot tangents. After that , I used intersections and 45 degree lines to find possible trends and pivots to look for in the future. Mnay things not marked on this chart as it would get way over crowded. The curved trends show tell a story on it own. Long term bullish but many did not see that the market cap is already ATH.
#Bitcoin's Market Cap hit an All Time High this week!#Bitcoin's Market Cap hit an All Time High this week!
Even not reaching ATH in price (yet Smiling face with open mouth and cold sweat), due to the issuance of coins over the last 3 years (~3.5%/year) it was able to do it anyway!
Another metric that gives #BTC a bright future to come Slightly smiling face
BTC IS ALREADY AT 20K USD !!What we consider as a target to reach and the razor's edge separating us from the new bull run is actually only a decontestualized number. Indeed, if we look at the market cap, the BTC market already reached the ALL TIME HIGH of Dec 2017 as new btc were mined in the meantime.
BTC IS ALREADY AT 20K USD !!What we consider as a target to reach and the razor's edge separating us from the new bull run is actually only a decontestualized number. Indeed, if we look at the market cap, the BTC market already reached the ALL TIME HIGH of Dec 2017 as new btc were mined in the meantime.
BTC market cap ATH is a stone throw awayHi All,
We are very close to break ATH market cap on BTC.
Since more BTC is around now, obviously a smaller price is needed to march 2017's market cap.
Another milestone achieved?
What do you think?
Thnx
Jad
BTC Market Cap MOON MissionThe second cycle we are seeing appears to be a more powerful version of the first. I believe this money will flow into the extremely oversold alts before rugging them again around summer time.
btc/usd -- LONG TERM FORECASTWe still have %90~ gains remaining before harmonic completion
Lets see what the future has for us
Goood luck
BTC MARKET CAP - ON THE EDGE OF THE BULLRUNHello, the btc price is still not at the June 2019 levels, but the market cap is, as new BTC have been mined since then. The reaction to this level is therefore very important. I expect a small retrace from here, but should this not happen, and the 246bn level be broken to the upside, we can say that the bull run is starting.
BTC IS BUYING UPprice has broken through a key structure already created multiple touches within the structure and as well it has respected the 23.6 support and resistance and as well price has broken through the trend line, closed above the previous high so that's a break of structure and as well price has created a triple bottom at a key area so this is indicating to me that price will buying up
BITCOIN .... In Correction before the next Higher MoveBITCOIN .... In Correction before the next Move
