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$BTC | One last rally to 98k?
In 2022, Bitcoin ranged over 3 months after dropping to the 100 weekly MA.
Similar price action would mean one last rally to 98k area before nuking to 80k in march.
A scenario to keep in mind.
A new month rolls in, and with it comes that familiar on-chain itch to explore what’s next.
There are certain things to watch out for, which are:
- New chains go live.
- Fresh campaigns drop.
Rewards quietly stack up in the background. While others are just moving assets, Orbiter pilots are catching $OBT airdrops, USDT prizes, and fee subsidies along the way
It’s not about doing more, it’s about moving smarter.
So where does your next bridge take you?
The journey starts here: https://t.co/GO39o9fylS
#BTC
Bitcoin has pulled back deeper inside the Weekly Range, dropping into the Mid-Range of $90500 and even deviating below it
This Weekly Candle is still in flux so lots can still change
But technically price is still keeping its multi-week Higher Low (purple) and has scope to reclaim the Mid-Range of $90500 to continue occupying the upper portion of its Weekly Range (black-black, $86000-$93500)
This could still technically be a volatile retest of the November/December highs but BTC would need to at least Weekly Close above the Mid-Range of $90500
$BTC #Crypto #bitcoin
👀Overview of the Current Market on #JustLendDAO
Supply Market📥
🥇#ETH $1.56 Billion
🥈#sTRX $748.50 Million
🥉#TRX $710.03 Million
Borrow Market📤
🥇#USDT $139.92 Million
🥈#TRX $47.76 Million
🥉#BTC $4.38 Million
👉Supply-to-earn here: https://t.co/t7wPMx8ZkN
Checking in on Bitcoin's power law in GOLD 💰🪙
- - -
This is seriously a historic 'Black Swan' for the BTC/Gold ratio.
Whether we are experiencing a precious metal bubble, soon to pop, or a true transition of the monetary order (a la Ray Dalio), next moves imply huge BTC gains.
- - -
The current quantile is approximately 10^10 (0.0000000001%); illustrated by how far we've dropped below that 1% line. This is how rare and unlikely BTC's price in gold is to far this low - a true outlier.
Either the implied price shoots up to its 50th- 95th level ($200k-300k range) due to gold's current value, OR the ratio lifts off again as gold cools (similar effect) due to rotation into BTC from gold.
It's called holding the world's hardest asset, people.
Sure do miss @officialmcafee putting reason into the collective. A work of art of art brought to life, and spectacle of creation passing over us liken a comet. 💫🌞
Het is ongelofelijk dat we in Nederland een rechtse meerderheid hebben in de Tweede Kamer, maar dat er zo'n gedrocht van een box 3 doorgang vindt😫
In deze longread leg ik de pijnpunten uit van de nieuwe box 3 en geef ik dé oplossing voor het probleem💪
https://t.co/JYPCLlnmXP