🇺🇸 Eric Trump dropped a bitcoin bombshell
"The US government holds 300,000 BTC and will not sell it."
"The middle east is using energy from cities that they don't need to...mine bitcoin."
"The suppression of bitcoin is unbelievable."
Eric Trump: “The flood gates are opening” and “Bitcoin will hit $1,000,000” 🚀
“I talk to the biggest companies, the biggest families in the world and every single one of them is racing to buy Bitcoin.”
📊THIS BITCOIN CYCLE CHART IS GOING VIRAL
It maps every four-year cycle into the same four phases: Bear, Pre-Bull, First Bull, and Second Bull built around Bitcoin's halving schedule.
The pattern has repeated since 2014 and places the current cycle in the red zone.
credit: @saylordocs
Bitcoin bear markets, by the numbers.
2011: -93%
2013: -87%
2018: -84%
2022: -77%
Now: -53%
Every single one shallower than the last. The floor keeps rising because the wave of high-conviction buyers gets bigger every cycle.
This is the most bullish chart nobody's looking at.
🩸Bitcoin is about to close 3 consecutive quarters in the red.
Bitcoin has only had 4 consecutive red quarters once - in 2022. The first candle was a tiny -1.45% in 2022.
Could be a bounce coming in July/August... 🤔
BILLIONAIRE TIM DRAPER: BITCOIN WILL HIT $250K, THEN $1M, AND EVENTUALLY $10M AS IT CHALLENGES THE DOLLAR.
“BITCOIN AGAINST THE DOLLAR IS A REALLY GOOD BET.”
MICHAEL SAYLOR: "Soon every billionaire will buy a billion dollars of Bitcoin and the supply shock will be so great that we will stop measuring BTC in terms of fiat."
Bitcoin network activity just hit an 8-year low.
Short-term traders have left the market.
What’s left are long-term holders quietly accumulating.
This is what early stages of accumulation look like.
#BTC
On the Daily timeframe, Bitcoin has been able to maintain itself above the blue level, downside wicking into it as if treating it as new support
More, Bitcoin has also been able to Daily Close above the black resistance as well, keeping it as support yesterday and also today
If this respecting of old resistances as new supports continue into the new week, Bitcoin will be able to produce a Weekly Candle Close that would position price for a breakout from the blue-blue range
$BTC #Crypto #Bitcoin