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๐ฎ๐ Michael Saylor predicts
$BTC
price of $49 million per coin in 2045 as bull case.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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๐ค $BTC This yearโs Bitcoin price structure is starting to look eerily similar to 2019 โ itโs almost a perfect fractal of what we saw back then. Bitcoin has been stuck in a consolidation phase, and interestingly, just like in 2019, this consolidation has lasted exactly 175 days (so far). If the fractal holds, we could be looking at some serious upside momentum coming.
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๐ $BTC 30 Day Moving Average Analysis with Bands
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๐ $BTC On September 7, the Bitcoin networkโs 7-day average mining hash rate hit a new record, surpassing 740 exahashes per second.
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๐ $BTC #CryptoQuant : Coinbase's Bitcoin spot trading volume dominance is back to pre-spot ETF levels. For the bull cycle to continue, U.S. demand needs to rebound. I expect this in Q4, but I could be wrong. We're mid-cycle and haven't hit the retail bubble yet.
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๐ณ๐ $BTC #Lookonchain notes that whales began to sell BTC at breakeven. #IntoTheBlock data shows that 836 thousand addresses bought ~402.8 thousand BTC ($21 billion) at a price of $51,113 - $54,303.
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