📈 3 Years Up & 1 Year Down

Historical synopsis of Bitcoin. Seems that we’ve survived the worst part of the cycle.

#Binance #crypto2023 #BTC #dyor #bitcoinpump

I want you guys to sit and try to understand that the universe gives everyone what they deserve and you could be anything you want to be, if you are not there yet then you need to rethink why that is.

If you workout the “why” then you can workout the action to stop it and change it, i dont feel any sympathy or sorry for anyone cuz everyone gets what they deserve in this life, when i look at someone and see how miserable and unremarkable their lifes are, i think to my self thats exactly what you deserve the reason why is just you havent tried hard enough!

Dont be a loser, you have no time to waste dont get distracted, you are still at the beginning of the road.

Work hard if you think you are working hard already then work even harder!

#Crypto #bitcoinpump #MarketUpdates" $BTC $FET

🔥🔥🔥 #bitcoinpump prompts ‘#emergency ’ review of US #cryptominer energy use

Starting next week, the United States Department of Energy (DOE) is set to collect data on the energy consumption of U.S. crypto miners for the next six months. This initiative comes in response to concerns about a recent surge in Bitcoin's price, currently at $42,135, leading to an increased interest in crypto mining.

The U.S. Energy Information Administration (EIA) has initiated a survey to evaluate the electricity consumption of domestic crypto mining companies, requiring miners to disclose their energy usage details.

The Office of Management and Budget approved an emergency request from the EIA for a survey on crypto mining. The request, citing Bitcoin's recent 50% price surge, suggests that increased mining activity due to higher prices could lead to elevated electricity consumption.

Bitcoin's rise, as per Cointelegraph Markets Pro, was slightly over 18.5% in the three months leading up to January 24.

The Energy Information Administration (EIA) plans to collect public comments on crypto miners' energy usage. The survey aims to understand the evolving energy demand for cryptocurrency mining, identify areas of high growth, and quantify the sources of electricity used for meeting this demand.

The U.S. government is actively monitoring the crypto mining industry, prompted by a surge in mining activities following China's ban in 2021. Congressional hearings in 2022 raised concerns about energy consumption and emissions, leading to a call for the Environmental Protection Agency (EPA) to investigate the environmental impact of crypto mining in early 2023.

U.S. President Joe Biden proposed a 30% incremental tax on crypto miners' electricity costs last year to reduce mining activity in the country.

In 2021, global Bitcoin miners used a record 121.13 terawatt-hours of electricity, surpassing Belgium's 2022 consumption of 93.8 terawatt-hours. The IEA anticipates mining consumption to hit 160 terawatt-hours by 2026.

Source - cointelegraph.com

#CryptoNews #BinanceSquareBTC

This #bitcoinpump was caused by institutions.

Not by retail investors.

More than 20,000 #BTC were bought by these #etf issuers on Thursday and Friday!
#$BTC #Write2Earn

Identifying whether a Bitcoin price movement is a genuine pump or a fake pump can be challenging due to the speculative and often volatile nature of the cryptocurrency market.
1. **Volume Analysis:**
- A genuine pump is often accompanied by a significant increase in trading volume. Analyzing the trading volume during a price movement can help distinguish between real and fake pumps. A substantial increase in volume suggests increased market interest and participation.
2. **News and Events:**
- Genuine pumps are often associated with positive news or significant events that can impact the value of Bitcoin. Check for announcements, partnerships, regulatory developments, or technological upgrades that could be driving the price movement.
3. **Market Depth:**
- Analyzing the order book and market depth can provide insights into the authenticity of a price movement. A genuine pump is likely to have a more balanced order book, with a mix of buy and sell orders at various price levels.
4. **Social Media and Community Sentiment:**
- Monitor social media platforms and cryptocurrency forums for discussions and sentiment surrounding the price movement. Genuine pumps are often accompanied by positive sentiment, whereas fake pumps may be driven by manipulation without fundamental support.
5. **Technical Analysis:**
- Conduct technical analysis to identify key support and resistance levels. A genuine pump may break through significant resistance levels with conviction, while a fake pump might struggle to sustain higher prices.
6. **Duration and Sustainability:**
- Evaluate the duration and sustainability of the price movement. Genuine pumps are more likely to be sustained over a longer period, whereas fake pumps may experience rapid retracements shortly after the initial spike.
7. **Market Manipulation Warning Signs:**
- Be cautious if there are signs of market manipulation, such as unusually large buy or sell orders, rapid price movements with little volume support, or coordinated trading activities.
#BTC #bitcoinpump #bitciondown #ETH #btcnews99

MicroStrategy Pays Off Silvergate Loan, Buys More Bitcoin
The company in March 2022 had borrowed $205 million from Silvergate Bank.
#silvergate #michaelsaylor #microstrategy #bitcoinpump #cryptoved

Given the momentum and recent breach of the resistance level, #Bitcoin appears poised to challenge and potentially break through the $70,000 barrier soon.
It recently surpassed the second resistance level at $69,800, with the next resistance level set at $71,390. Current support levels are between $63,100 and $65,800.
Trade wisely and always set stop loss and take profits.
#Bitcoin_Coneference_2024 #ETH_ETFs_Trading_Today #bitcoinpump

Flash Crash Alert!

☠️ What not to do:

Panic selling in the crypto world happens when investors rapidly sell their cryptocurrencies due to fear of a price crash. This often occurs after some bad news or market signals that scare a large number of people. The rush to sell can lead to a sharp drop in prices, as the supply of the cryptocurrency suddenly increases.

🙌🏻 What to do:

"HODL" is a term derived from a misspelling of "hold" and has become a popular strategy in cryptocurrency investment. It means holding onto your cryptocurrency investments even when the market is volatile or prices are falling. The idea is to resist the urge to sell in a panic and to wait for potential long-term gains.

💵 Bought High?

🫶🏻Do this:

Dollar-Cost Averaging (DCA) is an investment strategy where you invest a fixed amount of money in a cryptocurrency at regular intervals, regardless of its price. This approach can reduce the impact of volatility since you buy more coins when prices are low and fewer when prices are high. It's a way to build your investment steadily over time without worrying too much about timing the market.

#BullorBear #BitcoinDumping #bitcoinpump #flashcrash $BTC