@BitPaine "2017: $34M daily needed for BTC at $19,000 with 1800 mined/day. 2024: $42M (adjusted) could support $93,000 at 450 BTC/day. 10X more capital in #bitcoin now hints at a higher potential. Halvings play a key role in reducing selling pressure. #BTCProjection#HalvingImpact"
@rektcapital "Rothschild's advice 'Buy when there’s blood in the streets, even if it's your own,' is key in #BTC & #Crypto. It's about bold moves in panic, often against our instincts, for potential profit. #Bitcoin#InvestingCourage"
@lookonchain "BlackRock's iShares Bitcoin Trust adds 4,808 BTC from #CoinbasePrime, now holding 33,431 BTC. A major move by a key player, signaling strong institutional belief in Bitcoin's value. #CryptoTrend#BTCInvestment"
@rektcapital#BTC shows fear and greed are cyclical. We've seen fear at bear market lows and now post-halving. History suggests greed will return. Use this time wisely to prepare for the next cycle. #Crypto#Bitcoin
In my experience, the best traders are the traders that hated their minimum wage jobs the most.
It's the guys that couldn't stand working in a restaurant, folding clothes, whatever it is.
They're like 50% degenerate, 50% smart.
My favourite kind of people.
#Bitcoin 🎯💯
💥Bitcoin Encounters Mid-Cycle Resistance Sell Zone💥
Bitcoin's recent price action has been met with a strong rejection near the mid-cycle resistance sell zone. This is a common occurrence in bull markets, and it could be a sign that Bitcoin is preparing to retest the 20MA weekly.
MVRV-Z Score Suggests Bull Market is Just Beginning
Despite this short-term setback, the MVRV-Z score, a key indicator of Bitcoin's market cycle, suggests that the bull market is still in its early stages. The MVRV-Z score compares Bitcoin's current price to its average price over the past 90 days, and when the score is high, it indicates that Bitcoin is overvalued.
2 Steps Forward, 1 Step Back: The Rhythm of the Market
While it's tempting to panic after seeing Bitcoin pull back, it's important to remember that market corrections are a natural part of the cycle. Bitcoin has always experienced these pullbacks, but it has always rebounded and continued to climb.
Hold Tight and Stay Patient
If you believe in the long-term potential of Bitcoin, then now is not the time to panic. Instead, use this opportunity to buy more Bitcoin at a discount. Remember, the stock market is a marathon, not a sprint.
Stay tuned for more updates on Bitcoin's price action.
In 2015, when I bought my first btc at $400, people said bitcoin was dead.
In 2019, when btc was $4000, I wrote the S2F article, calling for $55k btc. People said I was crazy.
Today, btc is $40k, and S2F model predicts $532k after 2024 halving. People say it is impossible.
#Bitcoin is far from finished.
Every time the DAX INDEX has made a new ATH, $BTC has risen significantly from this point.
This was the case in 2013, 2017 and 2020.
The DAX INDEX is currently making a new ATH again.
2024 will be lifechanging for many out there.🔥🫂