#Bitcoin
I've been waiting for this for a long time.
This was one of the most important monthly closes for Bitcoin imo.
$BTC closes above the blue line.
This indicator was NEVER wrong.
Close above๐ตin 2011, 2015 & 2019 = Bull market.
It has now also happened in 2023.๐ฏ
#Bitcoin just closed at statistically bullish levels. They are:
๐ฅ Highest Weekly Close in 2023
๐ฅ Highest Weekly Close in 58 Weeks
๐ฅ Highest Monthly Close in 2023
๐ฅ Highest Monthly Close in 13 months
๐ฅ Highest Quarterly Close in 2023
๐ฅ 3rd Highest 6-Monthly Close in History
The #SP500 also closed at very high levels not seen in any bear markets previously. It also hit 3 green quarters which typically signals a new ATH is coming.
This is spurring the bull market narrative and catching most funds, analysts, investors, and retail off guard. ๐ฑ
Because most missed the bottom and the significant rally since October 2022, most are now waiting for a significant pullback that they'll never see based on historic data.
Even when the markets do pull back, like the did in June, many will be hoping for a deeper correction which will probably be bought up at higher prices leaving them to miss out again.
This is where things start getting interesting.
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NEW - ๐บ๐ธ US Congressman Patrick McHenry: The only reason for SEC Chair Gensler to oppose a spot #Bitcoin ETF is if he wants to kill the industry in the U.S. all together.
"Gary Gensler has a lot of explaining to do."
๐จ Breaking ๐จ #Bitcoin Monthly Candle closed above Monthly resistance line. ๐ฅณ๐ฆ๐ This is Bullish! 35k is a Magnet! ๐ต๐ After a sweep of the lows and Gap fill! We are now ready for the Tidal Waves! ๐๐๐
#BTC#Crypto#bullrun
๐จ BREAKING NEWS: ๐ฌ๐ง UK Makes History ๐ฑ
#Crypto Officially Recognized as Regulated Financial Activity ๐
๐ KING CHARLES APPROVES HISTORIC BILL ๐ฅ
A thread ๐งต
๐จ BREAKING ๐จ
THE LARGEST BANK IN HONG KONG
HSBC ALLOWS ITS CUSTOMERS TO
BUY AND SELL BITCOIN & ETHEREUM
ETFs LISTED ON THE HONG KONG
EXCHANGE. CRYPTO ADOPTION IN
HONG KONG IS GROWING STRONGER
SUPER BULLISH ๐ฅ
BREAKING ๐จ #BITCOINโฏโฏโฏ
Hong Kongโs ๐ญ๐ฐ Securities and Futures Commission met with Gemini founders to discuss their regulatory approach to #Bitcoinโฏโฏโฏ and crypto