Last two times the bear market for #bitcoin ended when the price reached the 38.2% Fibonacci retracement level. For the current cycle it is around 21000$.
$BTC $BTCUSD $ETH $ETHUSD #ビットコイン#биткойн#比特币
#Bitcoin maturing to 3m+ is occurring at a rate of more than 340k $BTC per month.
This is 13.5x more than issuance to miners 🟪
I expect these coins will become LTH supply over coming months🟦
As I have said many times, #Bitcoin supply dynamics remain remarkably constructive
The weekly Kumo (Ichimoku cloud) looks healthy and drastically different here than after prior macro tops and 50W MA breaks.
It's setup the key S/R levels for the moment.
Want to see 34K hold on a weekly closing basis.
Closing back above Kumo at 42K would be significant.
I took a deeper dive into #Bitcoin vs. stock market movement... The correlation is undeniable.
My takeaways? 👇
Crypto needs a healthy stock mkt.
If stocks rally from here -> #BTC & #Alts can fly. 🚀
W/ a deeper stock correction -> capitulation is possible.
#Bitcoin corrections in 2021 & 2022 all had a similar structure
Yesterday's green candle is likely the higher low we've been waiting for. LETS GOOOOOOOOO 🔥🔥🚀🚀
📈Market Overview
#BTC price trades above $38K
The Top-10 are traded in green zone $LUNA +28.5%, $AVAX +13.7%, $ETH +12.5%
Market cap: $1.81T (+10.4%)
$BTC dominance: 40.53% (+0.5%)
Fear & Greed Index: 27 (Fear)
Full Report👉https://t.co/fBjw5baSR8
GM fam! ☕️
$BTC is once again pushing on $39,600. That's the level to reclaim. Would like to see it this week.
Now we have a potential double bottom off of the $35k area. The objective, if confirmed, would be $55-$60k in March.
#Bitcoin would have to clear $46k to confirm it.
Impact of war on markets.
Generally speaking, invasions mark bottoms.
However, the most recent wars on record were relatively small and did not involve a significant risk of potential escalation to a direct conflict between multiple major powers.
The Ukraine war could.