"Germans are good at many things: engineering, beer, punctuality. But with Bitcoin… they have more to learn. 🇩🇪

In the summer of 2024, the German government sold 50,000 BTC, seized from cases like Movie2K, at an average price of just $57,600 per Bitcoin. Total earnings: $2.88 billion.

Today, those BTC are worth $4.63 billion. Difference lost? $1.75 billion.

If they had kept the Bitcoin, they had more valuable reserves than the bullion. But hey, who has time to "hoddle" when you want to liquidate everything? 🤷‍♂️"

Bitcoin is still in correction, on the hourly chart it has a descending channel, if it does not close above $93,700 in the next hours it may fit a new step down towards $89,000. Bullish scenario is to break 94,000 and gain the $95,700 area, where we find out if we start the climb towards $100,000 or push back towards $92,000

The 4-hour chart for bitcoin will be very important in the next 2 days, 100 MA (moving average - the value of 100 candles per 4h) can become support, it is at $90,737 the area it can reach soon, it can also reach a little lower , there we find out if we have a light fix or the first more serious fix!

This week in the world of crypto: the most important news

1. Solana reaches a new historical high

Solana reached an all-time high, confirming its position as one of the most promising cryptocurrencies. At the same time, the SEC is reviewing S-1 filings for Solana-based spot ETFs, according to Fox News reporter Eleanor Terrett, who cited sources familiar with the situation.

2. US Bitcoin Spot ETFs exceed $100 billion in assets

The total net worth of the 12 US Bitcoin Spot ETFs has reached $100 billion. This important milestone was reached amid the rise in Bitcoin price, which is approaching $100,000. ETFs now account for 5.4% of Bitcoin's total market cap.

3. Coinbase to delist wBTC amid Justin Sun's growing influence

4. Goldman Sachs plans to outsource its digital asset platform

Goldman Sachs is exploring the possibility of spinning off its digital asset platform into a separate company. The process could take between 12 and 18 months, subject to regulatory approval.

5. Gary Gensler is leaving the SEC

Securities and Exchange Commission (SEC) Chairman Gary Gensler will end his term on January 20, 2025. The announcement marks the end of a controversial era in US crypto regulation.

6. Cantor Fitzgerald acquires 5% of Tether

Cantor Fitzgerald, which manages a large portion of Tether's estimated $133 billion in reserves, negotiated a 5% stake in the stablecoin issuer over the past year, according to a report published by The Wall Street Journal.

7. Charles Schwab looks into offering direct crypto investments

8. Russia proposes a 15% tax on crypto income

Russia plans to classify cryptocurrencies as property for tax purposes. Thus, revenues obtained from mining and trading will be taxed at 15%, according to a new legislative proposal.

9. Coinbase CEO meets with Donald Trump

10. Robinhood, designated the main opportunity for crypto deregulation

Bernstein's analysis places Robinhood at the top of crypto market. It remains to be seen how these events will impact

Bitcoin tests for 1 hour 100 Moving average an important moving average, $97,100, if it loses the support in this area we could visit $95,100, don't forget over $90,000 value a percentage is $900

1 Bitcoin $98,500
Gold $86,300 a kilogram!

Hello, BNB looks bullish, it has a bull flag on the weekly target of $1370 and a cup and handle with a target of $1140

Good morning ☕️
Bitcoin Bull Flag on the 1-hour chart, target $99,500, invalidation below $97,000 🍀

On Altcoins there is mega panic at every correction of Bitcoin and we are talking about micro corrections, we have nothing to do, we take things as they are. Don't panic, it's just the end of the week, a slightly more hectic day, if we close the week above $93,000, Bitcoin history will be written!

Altcoins go bearish mode very quickly, after a masive pump for bitcoin a small correction is expected, also a short squeeze can follow fast

“Feeling like you’re having a bad day? Just remember, Laszlo Hanyecz once traded 10,000 $BTC for two pizzas. That’s a casual $990 million in missed profits. 🤑

Imagine explaining that to someone:
‘Yeah, I could’ve been a billionaire, but… pepperoni, bro.’ 🍕

Moral of the story: Think twice before you trade your crypto for carbs. Unless it’s garlic bread. Garlic bread is always worth it.”

Bitcoin did not break below 97.000$ and this is good sign , we have a resistance above 99.300$ which can validate the bull flag with a target of 108.000$ if we break it. Bitcoin dominance is cooling down wich is a good sign for Altcoins

If bitcoin does not drop below $97,300, it will most likely soon return above $99,000, beware the market can become volatile, even very volatile!

Months ago 100.00$ was a dream for bitcoin , today big investment firms and investors believe that bitcoin will go much higher, what do you think the top is going to be
100k
150k
180k
200k
250k

Good morning, bitcoin still has gas, $104,000 seems to be in the books, but the $100,000 area is a psychological threshold, turbulence may occur, an aggressive rejection is possible, it's good to take into account. Ethereum seems to be awake too, Altcoins still have work to do, but their turn is coming

$100,000 psychological, social, fundamental threshold for Bitcoin, an incredible validation, will bitcoin stop here? I don't think so! Will it be the end of the bull market in 2024? I don't believe that either!

At the moment Bitcoin is in blue sky, 100k is the critical zone, in 2021 it broke 50k in 4 days, it went up to 58k and a 26% correction followed, possibly a similar scenario now

Now it is Bitcoin glory time , next on the line is Ethereum with a potential target to 10.000$, Altcoins will need extra 40 to 80 days until their time to shine.

Bitcoin is hot, it makes ATH over ATH, be careful, it's volatile! It's normal, it's the center of attention! Where will it stop? $100,000 seems like the next threshold, will it be the peak? I don't think so, but turbulence will certainly follow

In the next 7 days bitcoin can reach 100.000$