How do you approach understanding market emotion when data influences your decisions? With Bitcoin around $62,964, many holders turn to the barometer's blend of on-chain and market indicators to gauge sentiment. Reflecting on past trends can add clarity.
Our Bitcoin Barometer heatscore is showing much more room to grow in this bitcoin cycle.
We did the research, now you have to act!
Not financial advice…
Check it out for yourself here: https://t.co/0zgnRR41BL
🎯 Is now the perfect time to boost your Bitcoin stash?
Profit-taking and market uncertainty drove Bitcoin 0.5% lower this week to $118.138, testing key support levels.
The market is currently in a Neutral Zone, as indicated by a mvrvzScore of 2.59, which shows the market is fairly valued. This score helps assess whether Bitcoin is over or underpriced based on its historical performance. The mayerMultiple at 1.21 suggests Bitcoin is trading slightly above its historical average price, indicating a balanced approach is prudent. Lastly, the fear and greed index at 74 reflects a strong level of greed in the market, suggesting that many investors are optimistic. Overall, these indicators suggest a cautious yet stable environment for potential buyers.
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The brand new and improved version of the Nakamoto Notes Bitcoin barometer app is live in the appstores!!
Go check it out! It's free...
https://t.co/5Zy01MwW9I
@EleanorTerrett@MoonLamboio@SECGov What is the point of this rule? Why would you want to buy a Bitcoin ETF anyway when you already hold the Bitcoin? That makes no sense to me…
“If I put $500 in $PEPE 3 weeks ago it’d be worth over $2M now.”
No.
If you put $500 in 3 weeks ago and watched it go to:
$5k $50k $100k $200k…
and did nothing
Then watched $200k go to $60k
and still did nothing
Then watched $60k go to $750k
and still did nothing
Then watched $750k go to $350k
and still did nothing
The watched $350k go to over $2M
and then for some reason decided to do something…
Then yes, $500 3 weeks ago would be worth over$2M now.
BREAKING: 🛑 PayPal has brought back the $2,500 fine for speech they don’t like.
First they said it was a mistake.
Now they sneak it back in with different language.
🛑 DO NOT ACCEPT THIS! 🛑
🧵There's a reason opportunities are called opportunities, they don't last forever.
We are in the best R/R opportunity window for $BTC
Out of a total of 364 weeks, The price has only been under the 200wk ema for 34 weeks. On 4 occasions.
That's only a 9% opportunity window...
@PostyXBT@CryptoMichNL People don't understand what dilution by the trillions a day means for a coin... it's effectively dead unless they can stop (and partly reverse) the dilution...