After reaching some seriously bearish levels earlier today BTC has recovered pretty well so far. Now that its back in the zone it reduces the risk of it becoming resistance. Another small detail is that IF BTC gets back to $50k soon then you can trust the hodlers, which in some way could cause more people to invest. But lets see. One final note: Daily is not...
If BTC is quick it can do a switcheroo and hit $52k+ before many people have a chance to buy. Its probably more hopium than anything else. But such price action is not unprecedented. But lets see. PS. sorry about the indicator its a work in progress.
That is an unusually looking quarterly candle on BTC.d. I think it will retrace a bit from here and and maybe close around 45%. Still over a month left tho so lets see.
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When the USD collapses the US will become a version of the middle ages except technology will be more advanced. But you will have kingdoms fighting over which currency gets to be accepted and the king will be the one who mints it. Of course there will be several people wanting to be kings, and they will gather support from various groups of people because despite...
Yes :) You read that right. Bitcoin is going to $700 its the only clear level on the yearly chart. And yes the yearly chart matters. Have a nice day.
When bitcoin dominance breaks below 30% the altcoins will probably begin to taper. Bitcoin will too in relation to the USD but lets see.
I like to keep it simple. This is a long term chart of gold on the quarterly which uses line chart. I just created a fab channel with simple levels. Sooner or later it will probably hit the top. But lets see
Short term bear is forming as far as i can see. I would like to add how erratic price has been wild $10,000 swings and 25% corrections nearly every other week. This is not healthy :) Other than the i try to explain in the chart what my thoughts are. Good luck everyone
Bitcoin will adjust difficulty up almost 30% in about 8 days from now. This will likely mean a return of skyhigh fees to make a bitcoin transaction. On top of that there may only be a few pools signalling taproot which will kill sentiment a bit. Ethereum is also getting lots of attention and new all time highs which may make some hodlers defect to ETH. Add to that...
Vitalik keeps most of his coins in a single adress. This adress is known to the public and it currently holds about 333.520 ETH. If the balance doesent change and ETH hits $3M he becomes a trillionaire. When ETH hit $3K he bcame a billionaire.
Bitcoin is experiencing a slight resurgance after the longterm bull momentum died. This is just temporary. When taproot signalling starts next week the bear market will continue. There is no telling how long it will be but i personally think it will be permanent. But lets see.
Saving for future reference.
Bitcoins base layer cannot compete with other chains that have better UX and since L2 is still in its infancy and technically blockchain agnostic eventually all development will end up on better chains. My guess is Ethereum and it will make new ATH after ATH for the foreseeable future while BTC just ranges.
The blue scribble shows the path algos and traders are projecting. its a trap. they will overleverage again and it will dump to 44k. But lets see
saving for future reference.