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TheCryptoDegen
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Happy new year mates 🎊🎊🎊 buy more #BTC and just chill & #HODL. Happy 2024...to more wins crypto maniacs

Happy new year mates 🎊🎊🎊

buy more #BTC

and just chill & #HODL.

Happy 2024...to more wins crypto maniacs

إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.
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On track for $1m per BTC as "fair value" by 2035. That's if we take the user growth curve as a guide for valuation. Remember I said fair value and not peak value in bull market hype. - In the early days price was slow to catch up to user count, BTC didn't even have a price until the 1000th user came in. Thanks to the blockchain we have a high resolution view of users using forensic clustering of addresses into entities. - Price discovery started with early markets like New Liberty #BTC Standard and MtGox. By Aug 2011 Bitstamp launched and we had multiple global exchanges to properly price the asset. [shaded region] - After 2012 price pretty much oscillated around the increasing user count.$
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Bitcoin April closing price $60,632 This was the last blue dot (month 0). Average price 2020-2024 halving cycle $34k (slightly below S2F 2019 $55k prediction). May will be the first red dot, the start of the new countdown to the next halving (S2F 2024-2028 prediction: ~$500k).
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Bitcoin April closing price $60,632 This was the last blue dot (month 0). Average price 2020-2024 halving cycle $34k (slightly below S2F 2019 $55k prediction). May will be the first red dot, the start of the new countdown to the next halving (S2F 2024-2028 prediction: ~$500k).
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#Bitcoin    short-timeframe move up looks strong and good. We are entering a critical zone now - two important resistances to reclaim are a) Point of Control @ 67k b) ascending trendline
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#Bitcoin    this is a potential roadmap for the current cycle. As we stated before, we believe we are in a mid-term correction right now that could take us to mid-/low 50ks. The rest of the year should lead to another pump fueld by continued institutional buying, halving itself and continued adoption. Summer times are usually boring and sideways / correction months. Q4 should once more be a very strong quarter, potentially lifting uns above 100k. Good times ahead. Don't get discouraged by pullbacks. These are normal and necessary for a healthy chart.
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