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@mrcryptochart
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🟠 The Bitcoin balance on exchanges is dropping, while the price rallies 💰 $BTC
#BTC/Update: #BTCUSDT #BTC
#BTC/Update: #BTCUSDT #BTC
$BTC
The last time #Bitcoin had eight consecutive weekly green candles was during the bull market of 2017.
#BTC #cryptocurreny #BTCUSDT
The last time #Bitcoin had eight consecutive weekly green candles was during the bull market of 2017.
#BTC #cryptocurreny #BTCUSDT
Over the last year, crypto markets have seen:
1. Collapse of FTX, largest fraud in recent history.
2. Collapse of regional banking system.
3. $2 trillion bear market, its largest in history.
4. Over 500 lawsuits and regulation cases.
5. Multiple crypto lender bankruptcies.
6. Binance fined a record $4.3 billion by US regulators.
7. Increased calls for regulation around the globe.
💰 #Bitcoin is up 165% this year and just hit $44,000.
#BTC #BTCUSDT
1. Collapse of FTX, largest fraud in recent history.
2. Collapse of regional banking system.
3. $2 trillion bear market, its largest in history.
4. Over 500 lawsuits and regulation cases.
5. Multiple crypto lender bankruptcies.
6. Binance fined a record $4.3 billion by US regulators.
7. Increased calls for regulation around the globe.
💰 #Bitcoin is up 165% this year and just hit $44,000.
#BTC #BTCUSDT
#Bitcoin Pre Halving
Can History repeat itself this time?
The next bitcoin halving is expected in April 2024. Bitcoin has historically bottomed 477 days prior to the halving, which - IF history were to repeat itself - would imply a trough around the turn of the year.
#BTC/Update: #BTC #Bitcoin #Halving2024
Can History repeat itself this time?
The next bitcoin halving is expected in April 2024. Bitcoin has historically bottomed 477 days prior to the halving, which - IF history were to repeat itself - would imply a trough around the turn of the year.
#BTC/Update: #BTC #Bitcoin #Halving2024
Don't make it too complicated.
#Bitcoin just repeats the Wyckoff price cycle.
Applying the Wyckoff price cycle to $BTC , it is clear that whales accumulate when $BTC is oversold in accumulation area. They wait during markups when market demand exceeds supply.
Until $BTC becomes overbought in the distribution area, they start selling or shorting the market. After market supply exceeds demand during the price cut, the market re-enters the accumulation zone again, and the same goes for whales.
#BTC #Bitcoin #BTCUSDT
#Bitcoin just repeats the Wyckoff price cycle.
Applying the Wyckoff price cycle to $BTC , it is clear that whales accumulate when $BTC is oversold in accumulation area. They wait during markups when market demand exceeds supply.
Until $BTC becomes overbought in the distribution area, they start selling or shorting the market. After market supply exceeds demand during the price cut, the market re-enters the accumulation zone again, and the same goes for whales.
#BTC #Bitcoin #BTCUSDT
Don't make it too complicated.
#Bitcoin just repeats the Wyckoff price cycle.
Applying the Wyckoff price cycle to $BTC , it is clear that whales accumulate when $BTC is oversold in the accumulation area. They wait during markups when market demand exceeds supply.
Until $BTC becomes overbought in the distribution area, they start selling or shorting the market. After market supply exceeds demand during the price cut, the market re-enters the accumulation zone again, and the same goes for whales.
#BTC #Bitcoin #BTCUSDT
#Bitcoin just repeats the Wyckoff price cycle.
Applying the Wyckoff price cycle to $BTC , it is clear that whales accumulate when $BTC is oversold in the accumulation area. They wait during markups when market demand exceeds supply.
Until $BTC becomes overbought in the distribution area, they start selling or shorting the market. After market supply exceeds demand during the price cut, the market re-enters the accumulation zone again, and the same goes for whales.
#BTC #Bitcoin #BTCUSDT