THE GREAT DEPRESSION OF SATOSHI,s BITCOIN.

Three weeks on a row, $BTC has been on down spiral following the great rejection bar which appeared earlier at $73k.

But because most tokens ledgers are derivations of that of Bitcoin, a little percentage move on the $BTC prices will surely send resonance across the general crypro markets.

And so a wise technical analyst will start his work on other coins right by first answering major questions on Bitcoins future price.

From the start of the last Bull run, BTC picked from $16k and meanders its way aggressively first to $30k and then to $50k. In-between of that first move are piles of notable whale entry like Ellon Musk. After jumping in at $45k, the coin has gained further bull strenght in search of its historical high.

At the moment, BTC is back here at $57k , after achieving a major breakthrough by retesting and pushing above $69k further to $73k.

Where is Bitcoin going from now?

Analysts at ThrivalBase have a mixed perspective as to the exact path it will take. Some believed their will be a minor retracement of the downward move from 57k back to 63k before going back down, others believed the bear energy is soo strong and will not allow for such bogus retracement,

However in all, the consensus remains that Bitcoin will (anyhow)crash further to $45k, the exact point of Ellon Musk entry, which corresponds to the 50% retracement of the earlier bullish move.

#BTC☀ #ElSalvadors #ETH_ETFs_Approval_Predictions #LayerZero #Thrivalbase

JUST IN:

🇸🇻 El Salvador comes in ranked 2 in the list of top countries for positive crypto regulation, being narrowly beat out by 🇨🇭 Switzerland for the top spot 🙌

The 🇺🇸 US did not crack the top 10 👀

#Bitcoin #ElSalvadors #BitEagleNews

2 years ago today, El Salvador's President bought 80 Bitcoin for only $19,000 each.

While you were panic selling, his nation made millions buying the dip 👏

#ElSalvadors #Bitcoin #BitEagleNews

El Salvador has mined nearly 474 bitcoins since 2021 thanks to a volcano-fueled geothermal power plant, official data showed on Tuesday, bringing the government's total bitcoin portfolio to nearly $354 million at current prices.
The country's "Bitcoin Office," an official government entity, reports that government coffers now hold 5,750 bitcoins.
The new additions, 473.5 bitcoins worth some $29 million since September of 2021, were powered by a small amount of geothermal energy generated by the country's imposing Tecapa volcano, touted as a green way to accumulate the well-known cryptocurrency, which is not regulated by any central bank.

#ElSalvadors #bitcoin☀️ #BTC☀

#BreakingNews : CATHIE WOOD PRAISES EL SALVADOR'S ADOPTION OF BITCOIN AND AI, PREDICTS TENFOLD GDP GROWTH

#CathieWood , founder and CEO of ARK Invest, has recently expressed strong praise for El Salvador and its pioneering approach to adopting #Bitcoin❗ and #artificialintelligence . Wood predicts that, thanks to these technologies, #ElSalvadors 's gross domestic product (GDP) could increase tenfold over the next five years.
Wood commended President Nayib Bukele's commitment to transforming the country into a hub for Bitcoin and AI communities, which she considers two of the most significant economic and technological revolutions in history. According to Wood, Bukele's strategies could lead to unprecedented economic growth for El Salvador.
Additionally, Wood highlighted the importance of strategic partnerships with tech companies like Google Cloud, which are crucial for enhancing the country's digital infrastructure and services. She also emphasized the integration of an advanced technology curriculum into the national education system and the introduction of tax incentives as key factors in driving economic growth and attracting global investments.
Cathie Wood's statements reflect her optimism about El Salvador's potential to leverage technological innovation and cryptocurrency adoption to transform its economy.