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After #ETH / #BTC broke down in 2016 and 2019, the bottom was in after ETH/BTC got back above its 50D SMA.$BTC Currently, the 50D SMA is 0.04255. ETH/BTC also backtesting the breakdown point. So as long as ETH/BTC is < 50D SMA, it is still possible for ETH/BTC to go lower. But once the 50D SMA is surpassed, I think it is more likely than not that the bottom would be in. #BTC☀ #ETHETFsApproved #TredigTopic
After #ETH / #BTC broke down in 2016 and 2019, the bottom was in after ETH/BTC got back above its 50D SMA.$BTC

Currently, the 50D SMA is 0.04255.

ETH/BTC also backtesting the breakdown point.

So as long as ETH/BTC is < 50D SMA, it is still possible for ETH/BTC to go lower.

But once the 50D SMA is surpassed, I think it is more likely than not that the bottom would be in.
#BTC☀ #ETHETFsApproved #TredigTopic
IF YOU'RE WORRIED ABOUT BTC PRICE ACTION, READ THIS 🚨  SINCE MAKING ITS TOP AT $74K IN MARCH, BTC HAS BEEN ON A DOWNTREND  BTC PRICE ACTION HAS AFFECTED ALTS A LOT AS MOST OF THEM ARE DOWN 50%-80% FROM THEIR Q1 HIGHS   BUT THIS HAS ALWAYS BEEN THE CASE AFTER EACH HALVING, BTC GOES SIDEWAYS FOR A PROLONGED PERIOD OF TIME IN 2016, BTC WENT SIDEWAYS FOR 161 DAYS AFTER HALVING  IN 2020, BTC WENT SIDEWAYS FOR 175 DAYS AFTER HALVING  RIGHT NOW, BTC IS GOING SIDEWAYS FROM 119 DAYS BUT THERE ARE A FEW BULLISH THINGS HAPPENING ON WHICH MOST OF US ARE NOT PAYING ATTENTION  FOR AN ASSET TO PUMP, THE SUPPLY SHOULD GO DOWN WHILE DEMAND SHOULD RISE  LET'S TALK ABOUT THE SUPPLY SIDE OF BTC 👇 ➬ SINCE JULY, ETFs AND ACCUMULATION ADDRESSES HAVE BOUGHT 450,000 BTC ➬ BITCOIN SUPPLY ON EXCHANGES IS NOW AT ITS LOWEST LEVEL IN 6 YEARS ➬ BITCOIN LONG-TERM HOLDERS ACCUMULATION IS AT ITS HIGHEST LEVEL IN 15 MONTHS ➬ 45% OF BTC SUPPLY HASN'T MOVED IN 6 MONTHS ALL THESE METRICS ARE INDICATING TOWARDS AN UPCOMING SUPPLY CRUNCH ALONG WITH THAT ➮ MICROSTRATEGY IS BUYING $2B WORTH OF BTC ➮ MARATHON IS BUYING $300M WORTH OF BTC ➮ BLACKROCK AND OTHER FINANCIAL INSTITUTIONS ARE ACCUMULATING CONTINUOUSLY  NOW, WHAT ABOUT THE DEMAND SIDE? AS WE KNOW, DEMAND WILL START PICKING BY Q4 AS SOME MAJOR EVENTS WILL TAKE PLACE ➜ FED RATE CUT WILL BEGIN ➜ GLOBAL QE WILL START OTHERWISE THERE'LL BE A RISK ON GLOBAL RECESSION  ➜ RUSSIA INTERNATIONAL TRADE WITH CRYPTO begin ➜ FASB RULE WILL BE IMPLEMENTED THAT WILL ALLOW $3T+ OF CORPORATE CASH TO BE INVESTED INTO BTC ALL THESE EVENTS WILL INCREASE THE LIQUIDITY, AND ALONG WITH BTC SUPPLY CRUNCH, A PARABOLIC RUN WILL START #DODOEmpowersMemeIssuance #CATIonBinance #BTCReboundsAfterFOMC #FOMC #NeiroOnBinance $BTC
IF YOU'RE WORRIED ABOUT BTC
PRICE ACTION, READ THIS 🚨 

SINCE MAKING ITS TOP AT $74K
IN MARCH, BTC HAS BEEN ON A
DOWNTREND 

BTC PRICE ACTION HAS AFFECTED
ALTS A LOT AS MOST OF THEM ARE
DOWN 50%-80% FROM THEIR Q1
HIGHS
 
BUT THIS HAS ALWAYS BEEN THE CASE

AFTER EACH HALVING, BTC GOES SIDEWAYS FOR A PROLONGED PERIOD OF TIME

IN 2016, BTC WENT SIDEWAYS FOR 161 DAYS AFTER HALVING 

IN 2020, BTC WENT SIDEWAYS FOR 175 DAYS AFTER HALVING 

RIGHT NOW, BTC IS GOING SIDEWAYS FROM 119 DAYS

BUT THERE ARE A FEW BULLISH THINGS HAPPENING ON WHICH MOST OF US ARE NOT PAYING ATTENTION 

FOR AN ASSET TO PUMP, THE SUPPLY SHOULD GO DOWN WHILE DEMAND SHOULD RISE 

LET'S TALK ABOUT THE SUPPLY SIDE OF BTC 👇

➬ SINCE JULY, ETFs AND ACCUMULATION ADDRESSES HAVE BOUGHT 450,000 BTC

➬ BITCOIN SUPPLY ON EXCHANGES IS NOW AT ITS LOWEST LEVEL IN 6 YEARS

➬ BITCOIN LONG-TERM HOLDERS ACCUMULATION IS AT ITS HIGHEST LEVEL IN 15 MONTHS

➬ 45% OF BTC SUPPLY HASN'T MOVED IN 6 MONTHS

ALL THESE METRICS ARE INDICATING TOWARDS AN UPCOMING SUPPLY CRUNCH
ALONG WITH THAT

➮ MICROSTRATEGY IS BUYING $2B WORTH OF BTC

➮ MARATHON IS BUYING $300M WORTH OF BTC

➮ BLACKROCK AND OTHER FINANCIAL INSTITUTIONS ARE ACCUMULATING CONTINUOUSLY 

NOW, WHAT ABOUT THE DEMAND SIDE?

AS WE KNOW, DEMAND WILL START PICKING BY Q4 AS SOME MAJOR EVENTS WILL TAKE PLACE

➜ FED RATE CUT WILL BEGIN

➜ GLOBAL QE WILL START OTHERWISE THERE'LL BE A RISK ON GLOBAL RECESSION 

➜ RUSSIA INTERNATIONAL TRADE WITH CRYPTO begin

➜ FASB RULE WILL BE IMPLEMENTED THAT WILL ALLOW $3T+ OF CORPORATE CASH TO BE INVESTED INTO BTC

ALL THESE EVENTS WILL INCREASE THE LIQUIDITY, AND ALONG WITH BTC SUPPLY CRUNCH, A PARABOLIC RUN WILL START
#DODOEmpowersMemeIssuance #CATIonBinance #BTCReboundsAfterFOMC #FOMC #NeiroOnBinance $BTC
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Em Alta
Idk guys, think most of you interpreted this pivotal event the wrong way around by saying it was bearish for $ETH
Idk guys, think most of you interpreted this pivotal event the wrong way around by saying it was bearish for $ETH
Breaking: 🇺🇸MicroStrategy bought an additional 7,420 #BTC for ~$458.2 million at ~$61,750 per #bitcoin☀️ and now hodls 252,220 $BTC acquired for ~$9.9 billion at ~$39,266 per bitcoin. #BTC☀
Breaking: 🇺🇸MicroStrategy bought an additional 7,420 #BTC for ~$458.2 million at ~$61,750 per #bitcoin☀️ and now hodls 252,220 $BTC acquired for ~$9.9 billion at ~$39,266 per bitcoin.
#BTC☀
#BTC ETF Update $92M net inflow for BTC spot ETFs yesterday ETF/BTC market cap ratio now at 4.63% Grayscale Mini: +$13.37M FBTC leads with +$26.12M ARKB follows at +$21.99M Total $BTC ETF AUM: $57.47B Institutional interest in #bitcoin☀️ keeps growing #btcupdates2024
#BTC ETF Update

$92M net inflow for BTC spot ETFs yesterday

ETF/BTC market cap ratio now at 4.63%

Grayscale Mini: +$13.37M
FBTC leads with +$26.12M
ARKB follows at +$21.99M

Total $BTC ETF AUM: $57.47B

Institutional interest in #bitcoin☀️ keeps
growing
#btcupdates2024
📍 #BTC #bitcoin $BTC btc Update {spot}(BTCUSDT) 🔥 The Price Exactly Bounced From 57500$ Support And Hit The 59450$ PRZ As I Predicted At The Last Night Update 📈 Currently The #Bitcoin❗ Price Playing Below The 59450$ Level, It’s a Crucial Resistance Area And Any Breakout From This Level Will Lead The Price To The 64k As a Next Short Term Target, But If The Price Reject From This Level We Could See Another Low To The 56k 👉 Totally My Primary Plan Is Breakout 59450$ Toward a 64k #BTCReboundsAfterFOMC
📍 #BTC #bitcoin $BTC btc Update

🔥 The Price Exactly Bounced From 57500$ Support And Hit The 59450$ PRZ As I Predicted At The Last Night Update

📈 Currently The #Bitcoin❗ Price Playing Below The 59450$ Level, It’s a Crucial Resistance Area And Any Breakout From This Level Will Lead The Price To The 64k As a Next Short Term Target, But If The Price Reject From This Level We Could See Another Low To The 56k

👉 Totally My Primary Plan Is Breakout 59450$ Toward a 64k
#BTCReboundsAfterFOMC
BREAKING: X is working on the ability to let you add a Community Note to a LINK so every post that includes that link will show the note!
BREAKING: X is working on the ability to let you add a Community Note to a LINK so every post that includes that link will show the note!
promised, if #BITCOIN    pumps to $62,000 I will give $10,000 BTC to 5 people So as promised I will be giving away $10,000 to 5 person today. Rules: like, retweet, follow me 🔔 * If you’re not following with bells, you will be disqualified. Proof in 24 hours $ETH $BTC
promised, if #BITCOIN    pumps to $62,000
I will give $10,000 BTC to 5 people

So as promised I will be giving away
$10,000 to 5 person today.

Rules: like, retweet, follow me 🔔

* If you’re not following with bells, you will be disqualified.

Proof in 24 hours $ETH $BTC
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