🚨ALERT: Bitcoin SURGES nearly 3% from $79,700 to above $82,000 as buyers defend the $80K support level.
The sharp rebound REVERSES the earlier selloff in just over AN HOUR.
Are we turning BULLISH again?
The best time to buy BTC is when nobody is interested in it.
The best time to sell BTC is when everybody is engaged.
CHART: Google searches for BTCUSD and Bitcoin
Bitcoin miners are no longer under pressure to sell.
MARA, the largest publicly traded miner, has an average mining cost of $59,774 per BTC, well below market price. Hash rate has been rising for 2 months after a 9-month decline.
More mining rigs = miners are bullish.
"SUPERCYCLE" is just another way to say BTC breaks out of 4 yr cycles and follows global macro markets.
No asset in history has followed a programmatic clock except BTC.
BTC's supply shock is now TOO SMALL to make a difference.
→ BTC follows global macro here on in.
sidelined on STRK? pay attention to this pullback.
If markets cool off this week - we might get a test of ~$0.075.
Also token some unlocks in 3 days which may help us get there. Thats the closest demand level on 4h. I set some bids
weekly closed giga bullish so look for longs
$WLD | Update
Noticeably stronger than the rest of the market. I've managed to fill some more longs during that last pullback (points farming)
For good FA on this idea go follow @crypto_condom
People misunderstand the Quantum + SI FUD
It's not that BTC could fail, it WON'T
It's a price downward volatility event
1.7M BTC of lost coins CANNOT be moved to safe addresses
They will eventually be resurrected and the market will reprice this.