Bitcoin's trajectory is right on schedule when viewed through the correct lens.
Here are a few interesting observations:
By the end of 2024, the Power Law Support (historical floor) will surpass MicroStrategy's current cost basis per BTC.
By the end of 2026, it will be above the current #BTC price.
If the 4-year cycle holds, the next bear market bottom based on the Power Law Support could be between $67,000 and $74,000 around September 2026 to January 2027.
Recent range-bound price action may have been essential for reinforcing the bottom support for the next bear market, aligning with Bitcoin's higher timeframe growth patterns.
What Did Sam Altman Mean When He Says "There Will Be No Need for Money Thanks to GPT-7"?
OpenAI CEO Sam Altman made a remarkable statement in a program he attended. Altman said that a new era will begin all over the world with GPT-7. According to OpenAI CEO, this new era will eliminate currencies.
The theme of the idea put forward by Sam Altman is "universal basic income". In this system, money is given to individuals without any conditions. The reason why Sam Altman has such an idea is the possibility of unemployment that artificial intelligence may cause. This idea, which is likely to disturb some people, has already started to receive support from some groups.
According to Sam Altman, GPT-7 will be the beginning of a universal basic income system.
Because everyone will get a piece of GPT-7's power and the "productions" made can be traded. Sam Altman said that individuals can use, sell or donate what they produce with GPT-7.
Sam Altman did not provide a clear explanation of how a universal basic income system would work. However, such a system can provide some financial relief to all people in the world. Of course, we will all see what consequences this will have.
What a day so far for Bitcoin, I can smell the blood coming out of the bears… but is it over?
Bitcoin is volatile exactly as expected from NFP and we need more volatility from this region ahead of the weekend.
⚠️ Above $61,180 (POI) is a bullish zone and we should see more upside momentum above - Blue Projection Below we can get a little pullback but eventually, a bullish outcome should happen.
The H4 candle closed bullish and we need more bullish H4 candles to get a continuous upside pressure.
🚨 The Daily candle is bullish now and a healthy closing like this will trigger the Morning Star candlestick formation.
We need to wait for the daily closing, this is still a bit early to call it bullish.
Whatever Bitcoin does most altcoins will simply follow that today and in the upcoming weekend.
🔮 Be ready to trade, if you miss a reversal.. you are going to regret it.
If you want to become a millionaire in crypto you need to Stop panicking everytime the market dumps.
This market will always test you and whales will try to shake you out before the massive bull run we are about to see in next 12-14 months. Bitcoin will break $150k and we will see actual altseason where altcoins will pump 50x-100x in just 3-6 months.
Best strategy to win here is to hold your spot positions and accumulate these 30% dips as opportunity.
Sell everything when blow off top happens in early - mid 2025 and retire your parents 🤝.
Holders who can hold through rough markets become the millionaires in Bull markets. Believe in yourself and stick to your plan. Anyone in crypto can become a millionaire.