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Nearly $125 billion worth of Bitcoin (BTC) are now considered “ancient,” or untouched for at least seven years, according to top blockchain analytics firm Glassnode. Glassnode says that in all of Bitcoin’s history, only 8.3% of all coins that become ancient have ever been spent. Of the BTC that remain ancient, Glassnode says they could be either dormant or lost completely. #eth2.0 #askbinancesensei #Binance #crypto2023 #BTC

Nearly $125 billion worth of Bitcoin (BTC) are now considered “ancient,” or untouched for at least seven years, according to top blockchain analytics firm Glassnode.

Glassnode says that in all of Bitcoin’s history, only 8.3% of all coins that become ancient have ever been spent.

Of the BTC that remain ancient, Glassnode says they could be either dormant or lost completely.

#eth2.0 #askbinancesensei #Binance #crypto2023 #BTC

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Decoding Bitcoin's Halving Day Phenomenon: A Historical Analysis Have you ever pondered the intricate dance of Bitcoin on its halving day? A retrospective journey through the annals of cryptocurrency history reveals fascinating insights into its price movements surrounding this pivotal event. In 2012, Bitcoin maintained a sideways trajectory on the halving day, only to embark on a monumental ascent shortly after, catapulting from $12 to a staggering $1166 within a mere 380 days—an unprecedented surge of 9500%. Four years later, in 2016, a similar narrative unfolded as Bitcoin once again lingered in a sideways pattern during the halving. However, this time, a transient -29% dip ensued post-halving, swiftly followed by a remarkable recovery. Subsequently, Bitcoin surged from $470 to an astronomical $19600, marking a meteoric rise of 4100% over a span of 500 days. Fast forward to 2020, where Bitcoin encountered a minor setback with a -17% dip mere days before the halving. This setback notwithstanding, the subsequent months witnessed a period of consolidation. Yet, within 547 days, Bitcoin surged from $8700 to an eye-watering $69,000. As we stand on the cusp of the 2024 halving, Bitcoin finds itself in uncharted territory. For the first time in history, it has reached a new all-time high prior to the halving, currently consolidating near this peak with one of the highest monthly closes ever recorded. Whether the near future heralds a continuation of sideways movement or a modest correction, one thing remains abundantly clear—Bitcoin's trajectory points skyward in the coming months. In the realm of cryptocurrency, downturns are but opportunities in disguise. Stay resolute, for dips are meant for seizing. Let not the tempests of uncertainty shake your resolve. #BinanceLaunchpool #Bitcoin
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#BTC 👉🏻The selling pressure has ended, and the market is now ready to take on more risk😏 👉🏻Currently, Bitcoin is gaining momentum, and its price has already reached $72,000🔺 👉🏻The chart shows a nice consolidation pattern that is similar to the formation before the breakout of the previous ATH in 2020💁‍♂️ 👉🏻Last time, after the broke out, the price doubled with a strong, steady climb👀 👉🏻There is a high chance of a similar scenario playing out😉 👉🏻Wishing everyone a bullish week ahead!🚀 #BullorBear #BTCHalvingApril2024 #BTC🔥🔥🔥🔥🔥🔥
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💰 #Bitcoin Rainbow Channel 🌈 What is a Rainbow? - The Rainbow price chart is a long-term valuation tool for Bitcoin. It uses a logarithmic growth curve to forecast the potential future price direction of Bitcoin 🔥Warm Colors reflect the latest market phases (sell off territory) ❄️Cool Colors reflect the early market phases (accumulation territory) Here is an interesting part Despite of the rise up to above $70k We are not even in 'Warm Colors' territory - it's still good levels for accumulating if we talk above Hodl strategy! Where it's worth to sell? Optimistic Levels 🟠Lighter Orange Zone $180k - $250k 🟠Darker Orange Zone $250k - $350k Conservative Levels 🟡Yellow Zone - $140k - $180k I do not consider 🔴Red Zone as it's a less likely option! Do not forget that halving is approx. in 11 Days and it's the last chance before we take off🚀 #BullorBear #RainbowChart #Memecoins
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