#Bitcoin mining fees in US Dollars ($) are up 4x higher higher than they were during the same time in the last cycle, and more than 2x higher than the peak of 2017.
This is a notable improvement and a sign that fees will be a much greater part of #Bitcoin miners revenue streams, than they've been in the past.
🚩 TA/ LCA/ Psychological Analysis: Last week's long entries at $41,900 hit the mark, driving a solid 4.5% pump to $43,700 the resistance region highlighted in the last Sunday report. For all that took profits, good game, my trade got stopped out with very small profits as stop loss was set nearby entry. So whats next ?
To be fully clear: 47-48k is next, one more leg up
We can expect a correction sooner or later due to extreme high funding rate and other reasons. However manipulation precedes every significant move. Call me crazy, but my conviction stands. I foresee a new leg up push to the $47-48k range, followed by a calculated correction to the $34-37k region. Taking action, I strategically placing long orders now at $39,500 - $39,700, should market allows us to visit these targets, Iam going to enter with a long. Also keep an eye on EMA50 Daily which can act as support and good bounce region
Yes, I think the pump is not over and its important to read this Tweet to understand my way of thinking. (https://x.com/DrProfitCrypto/status/1738290227561603156?s=20). This Tweet gives you a deep explaination of whats expected for the coming months, especially after halving event.
Remember that MA20 on daily is now lost but as mentioned earlier I think this "Breakdown" move is just to distract recent FOMO buyers that bought between the sideway movement of 42-44k and are now panic selling in loss. Imagine the smell once it pumps instantly towards 47-48k region and these people decide to panic buy again, just to dump once again on the exit liquidity.
A lot of people on the timeline who aren’t crypto people are starting to figure out how scammy the financial system is. This inevitably will lead them to bitcoin, eth, or some other decentralized deflationary currency.
Bitcoin review. The uptrend is still working very well and bitcoin maintains its bullish structure. If this trend breaks, it will receive support from the trend below. AND... bitcoin Etf is coming soon.. #BTC #ETH ##Launchpool #ai