Fiat is monopoly money. #fiat #BTC #crypto2023

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Fiat is monopoly money.
#fiat #BTC #crypto2023

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I've analysed the market over the past 2 days and this could be BTC bottom. I've compiled some TA and FA. Read below! 1. Bitcoin Netflow in Exchanges There's 68.4k $BTC going out of exchanges. This large amount was last seen in July and Nov 2022. 2. Wyckoff Method Bitcoin is currently replicating the pattern here. This is where the accumulation starts before the exponential price rally happens. 3. Net Liquidity Fed Net Liquidity shows a strong spike. The same rate of change that happened in March 2023. Take note: $BTC price pumped +38% in a week. x.com/Ashcryptoreal/… 4. Rainbow Chart In this chart we can see that every time the price reached the purple zone, it never got back to it until BTC reached a new ATH. The purple zone represents the price button. This is the cheapest zone to buy BTC. 5. Stablecoin Liquidity $16 billion worth of stablecoin liquidity will enter the market soon. Read more here: x.com/Ashcryptoreal/… 6. Rate Cut Multiple market analysts said the interest rate cut is being held until the election. Political move? Who knows. But Fed Chair Powell says holding rates too high for too long could jeopardize economic growth. Once the interest rate is down, investors' money will flow in the market. 7. U.S. Presidential Election The 2024 election is fueled by crypto. Candidates who embraces crypto have a strong winning chance. Donald Trump, known for his strong stance on crypto, has an 85% chance of winning the election after the presidential debate between him and Biden. 8. Bitcoin Spot ETF. Last week BTC ETF showed a positive inflow after 3 consecutive weeks of outflow. 9. Personal Note The price has bottomed, but perhaps we can still see minor red candles due to Mt Gox and German govt fud. With Fud the worst case scenario or you can say the max pain point- I think will be $44k - $48k But we know By early 2025, Bitcoin will be easily hit $150,000 - $250,000 so don’t stress about these short term price actions. 10. If you like this thread make sure to follow me and turn on the notification icon.

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#Bitcoin BTC is testing the 200 MA and the point of breakdown at the same time. If the price reclaims $60,000, we are going back to $70,000+ in no time.

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Opportunity? Technical indicators point to $64K target for Bitcoin

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Solana’s bullish historical pattern sets SOL for huge breakout

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$PEPE Pepe broke down below support 1086. The price must reclaim this level for further upside continuation. If the price fails to do so, we are going lower. #Pepe

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Legfrissebb hírek

Binance Market Update (2024-07-11)

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Argentinian Fan Token ARG Doubles in Value Following Team's Advancement in Copa America

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Staked Ether Nears Record High as U.S. ETF Approval Appears Imminent

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Bitcoin Hodlers Maintain Composure in Face of Heaviest Drawdown

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Beacon Depositor Receives Transfer of 6400 ETH Worth Approximately $20,015,930

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