MicroStrategy is the largest public holder of Bitcoin, with approximately 158,245 BTC. Coinbase, on the other hand, holds around 1 million BTC, making it the top Bitcoin holder globally. Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to hold around 1.1 million BTC.
The total value of all Bitcoins in circulation exceeds $1.03 trillion. #Bitcoin🌐
BitTime shows us clearly that we are following a cycle more like cycle 2 (2015 - 2018).
It proved this when #Bitcoin made its first early top (yellow dot) in July, and bottomed in August just like 2015 did.
Because of this, I think it makes perfect sense to end our first Blue Year rally in December, while most are waiting for January and ETF speculation.
The cycles told us this rise was coming before anyone was talking about ETFs, and in fact when most were advocating for a recession dump.
Not long ago I made the claim that I believed Bitcoin was topped at 45k, and I still stand by it.
The next scheduled sideways period is quickly approaching (small black horizontal arrow).
The 48k price target may be delayed until the second early top scheduled to come +/- 21 days from July 9th, 2024 (purple dot).
I firmly believe the power of the cycles will not be broken, even with potential ETFs on the horizon.
Übrigens:
Heute vor 13 Jahren hat der User "Bitboy" (und nein, nicht der, an den viele von euch jetzt vielleicht denken) das heutige #Bitcoin Logo vorgestellt.
Er hätte sich damals vermutlich niemals träumen lassen, dass es heutzutage zum globalen Standard wurde😃
Both the 2017 and 2021 #Bitcoin cycle tops could have been predicted in advance, to precision.
The measurement of the complete first cycle gains holds the key.
It is done by moving the first cycle's increase to the next Bitcoin support level.
This gives us two targets:
102k from the next highest resistance at green retrace point 3.
211k from the next highest support at blue retrace point 4.
So far the previous 2 cycles have always hit a local bottom support as a retrace, which would point to the higher target for the cycle.
But to be conservative, 103k is another point of interest.
These are the two most relevant price targets.
It will all depend on where price is when the day of reckoning comes according to my Halving Cycles Theory.
Next cycle top: +/- 21 days from Nov 28th, 2025. Projected on December 10th, 2025.