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Menurut IntoTheBlock,miner sudah jualan lebih dari 30rb BTC atau sekitar 2 milyar sejak Juni, dr maret sebenernya. Itu tercepat dalam setahun.Katanya halving membuat profitnya berkurang
Dulu kan waktu pandemi 2020, sy dikritik,katanya ATH BTC itu karena halving...
Iyain ajah..
Moving into Session One, you'll receive Marks when you:
1️⃣ Provide liquidity for the eligible assets to @ambient_finance & @NuriExchange, or
2️⃣ Participate in @aave @RhoMarketsHQ lending markets
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#Bitcoin
Bitcoin's trajectory is right on schedule when viewed through the correct lens.
Here are a few interesting observations:
By the end of 2024, the Power Law Support (historical floor) will surpass MicroStrategy's current cost basis per BTC.
By the end of 2026, it will be above the current #BTC price.
If the 4-year cycle holds, the next bear market bottom based on the Power Law Support could be between $67,000 and $74,000 around September 2026 to January 2027.
Recent range-bound price action may have been essential for reinforcing the bottom support for the next bear market, aligning with Bitcoin's higher timeframe growth patterns.
Do you agree or disagree?
Please repost if you found this insightful.
#Altcoin
In the last cycle, the real altcoin season began after ETH/BTC had a bullish MACD cross on monthly.
ETH/BTC is about to have another bullish cross soon.
The last time this happened, it triggered a massive altcoin bull run.
Will this time be different ? 👀
At the beginning of the year I told you that Iam adding more ETH between $2000 - $2500! This was on top of the ETH that was bought in 2021 bear market below $1000, the big bet !
Now I tell you, very very soon $ETH will climb towards 5k and more, its only a matter of time!
This chart explains it all. The #Altcoin sentiment is terrible currently, as the BTC valuations of all the altcoins are reaching new lows.
The last time this happened:
$SOL went +500%
$FET went +650%
$RNDR went +300%
This time, altcoins are likely to do the same.
CRYPTO MARKET: WHAT NEXT?
Here will show a big picture of the
market via 4 charts: BTC, ETH, Total
Crypto Mcap, and ALT Mcap.
Bitcoin: BTC price is trading below $65,000 and has been in a downtrend channel for the last two weeks. However, it is still in a BULL trend in the long time frame. Support levels are at $63,000 and $60,000. The chart shows that BTC is forming the Right Shoulder of a Bullish Head & Shoulders Pattern, and after completing this pattern, we will see a further bounce.
ETH: The ETH price is also in a short-term correction with major support at $3,250. An ETH ETF could come in the next 15 days, so we may see a bounce in ETH at any time. Around $3,300 would be a good entry point for ETH.
Total Crypto Mcap: Total Crypto Mcap is also in a short-term correction but remains above the mega bull trend line.
Currently, Total Crypto Mcap is near $2.29T, with support around $2.16T, implying it can drop 5% for final capitulation.
ALTs Mcap: ALT Mcap has dropped below the mega bull trend line. We may see a small bounce if BTC moves upward, but it looks like the alts market will go through a final round of capitulation, where alts could drop a further 20% before the next mega season.
Conclusion: Bitcoin and the crypto market are in a bull trend, but BTC may retest $60K in the next few weeks. If this happens, we will see more declines in alts, which could suffer another 15%-20% drop. However, predicting the bottom is difficult. BTC dominance is also near 56%+ and may increase a few more percentage points, but we can see a bearish divergence in the BTC.d weekly chart. This period could be a good opportunity to accumulate alts with a 6-9 month view targeting the next mega alts season.
#Bitcoin trending down while DMI rests on the very bottom of the cycle 4 support channel.
20-week EMA holding strong, now at $61,800.
Still looking good! It's been boring and sideways since March, but sometimes that's just what you need to build up strength for the next move up.
$BTC will reach $100k this year.
$ETH will reach $10k this year.
$RNDR will reach $1,000 this year.
$FET will reach $10 this year.
Patience is all you need.