#bitcoin☀️ Since the 2023 reversal, Bitcoin has followed a recurring pattern in this cycle’s uptrend.
My Observations:
✅Macro Reversal ✅Mark-Up ✅Fear and Disbelief ✅Manipulation 🔂Repeat
Currently, it looks like we’re in the “Manipulation” Phase. The whales and institutions will let everyone believe that Bullrun is over. It’s what you call a big “Bear-Trap”.
Remember when $3K #Bitcoin felt like winning the lottery in 2020? Now we're calling $57K a 'dip' in 2024. Can you imagine what 2028 will bring?🤔🤔 @Kingjoji #bitcoin☀️ #TON #DOGSONBINANCE Share with your friends
" 🇺🇸 Over $1.05 trillion was wiped out from the US stock market yesterday .. Crazy times " @Kingjoji #USACryptoTrends #bitcoin☀️ Share with your friends
#bitcoin☀️ #BTC_Update 8H Technical analysis wise, Bitcoin has broken out above the resistance trend line and we are now seeing a possible golden crossover on MACD MA line in 6h and 8h time frame.
Bitfinex whales are now accumulating huge BTC as well.
Let's see how the US market opens tomorrow and we'll see the price development during the most busy market session. @Kingjoji Share with your friends
#Bitcoin miners' revenue in August hit a new low this year, generating a total of $851.36 million, a decrease of $99.75 million from July, and a decrease of $4.14 million from the previous month in on-chain fees. Foundry USA mined 1,248 blocks, accounting for 29.10%, and Antpool mined 1,074 blocks, accounting for 25.04%. — link @Kingjoji Share with your friends
For exactly one month, short-term holders (1 to 3 months) have been trading at a loss.
In the current bull market, the metric has not fallen below 17%, the current figure is -8%. If it continues to decline, the number of people willing to sell coins at a loss could double.