Bitcoin_Talk
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#BTC #BRC20 #BinanceBlockchainWeek #pepe #Bitcoin_Talk $BTC Let's ask the most relevant question right now...
What do we know and what is the chart saying?
The bullish rally has been on going for an entire year now, Yes! Amazing!
Bitcoin has been growing since November 2022 and so far a nice 122% growth year to date (YTD).
The rally is still on going but the question remains, how far can it really go?
What we know for certain is that this bullish wave, like any other, can last between 1 and 3 months.
Bitcoin started the final or fifth wave of this bullish impulse 12-September 2023.
We are about two months into this bullish wave.
➖ If the entire bullish wave were to last two months, then the peak can be seen around 12-November.
➖ If the entire bullish wave were to last three months, then the peak can be seen around 12-December.
➖ On the other hand, if the entire wave goes for 4 months straight then the peak date would be around 12-January 2024 and a major correction would follow.
What determines when this rally will end for Bitcoin is most likely the launch of the Bitcoin Spot ETF, this is an event to look for.
What we know for sure is the fact that this rally has much more to give based on many market factors... Let's look at a few of those.
The negative correlation with Tether Dominance is live and well. This index is extremely bearish and only gaining in bearish momentum. Since the index still has much more to drop, in the inverse sense Bitcoin has much more to grow. This is also relevant to the Altcoins market, they will grow strong even when Bitcoin peaks. So the Altcoins will move up, higher and higher, abundance, even when Bitcoin start its next corrective phase.
$40,000 Is definitely a strong resistance level but not that relevant, not a major turning point.
All the Cryptocurrency pairs that went ahead, that moved forward first, hit as high as their level in March/April 2022. For Bitcoin this would mean between 44,000 and 48,000 minimum. This is real technical analysis by the way. 😄
What do we know and what is the chart saying?
The bullish rally has been on going for an entire year now, Yes! Amazing!
Bitcoin has been growing since November 2022 and so far a nice 122% growth year to date (YTD).
The rally is still on going but the question remains, how far can it really go?
What we know for certain is that this bullish wave, like any other, can last between 1 and 3 months.
Bitcoin started the final or fifth wave of this bullish impulse 12-September 2023.
We are about two months into this bullish wave.
➖ If the entire bullish wave were to last two months, then the peak can be seen around 12-November.
➖ If the entire bullish wave were to last three months, then the peak can be seen around 12-December.
➖ On the other hand, if the entire wave goes for 4 months straight then the peak date would be around 12-January 2024 and a major correction would follow.
What determines when this rally will end for Bitcoin is most likely the launch of the Bitcoin Spot ETF, this is an event to look for.
What we know for sure is the fact that this rally has much more to give based on many market factors... Let's look at a few of those.
The negative correlation with Tether Dominance is live and well. This index is extremely bearish and only gaining in bearish momentum. Since the index still has much more to drop, in the inverse sense Bitcoin has much more to grow. This is also relevant to the Altcoins market, they will grow strong even when Bitcoin peaks. So the Altcoins will move up, higher and higher, abundance, even when Bitcoin start its next corrective phase.
$40,000 Is definitely a strong resistance level but not that relevant, not a major turning point.
All the Cryptocurrency pairs that went ahead, that moved forward first, hit as high as their level in March/April 2022. For Bitcoin this would mean between 44,000 and 48,000 minimum. This is real technical analysis by the way. 😄
🚀 Rising M2 money supply will see crypto become 'supermassive black hole': Raoul Pal
Bitcoin’s price is on the verge of decoupling from the traditional market with a rising M2 supply, which has been the case historically, evident from the spike in $BTC ’s performance in 2021, 2017 and 2014.
#BTC #BTC🔥🔥 #Bitcoin_Talk $BTC
Bitcoin’s price is on the verge of decoupling from the traditional market with a rising M2 supply, which has been the case historically, evident from the spike in $BTC ’s performance in 2021, 2017 and 2014.
#BTC #BTC🔥🔥 #Bitcoin_Talk $BTC
LIVE
CZ
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Humans have the fallacy of thinking in linear scales, whereas crypto moves in exponential scales.
#Bitcoin_Talk i belive that bitcoin will drop again by 10% and start to bullish by 50% by Emd of Jan , Trust me this is the best time to buy and hodle, no more below 30k it's the time to rock to Moon.
Miners sold more #Bitcoin than minted in October
How it will affect #BTC🔥🔥 price?
Leading Bitcoin miners sold 5,492 BTC during October’s market rally, exceeding their monthly production.
A notable surge in the sale of newly mined tokens was observed from public Bitcoin miners last month. According to reports, 13 leading mining entities disposed of an amount exceeding the BTC tokens they minted in October, even as the token experienced a 26% monthly surge.
Insights from TheMinerMag show that the sell-production ratio for players like Marathon Digital Holdings and Core Scientific Inc. crossed the 100% threshold. This indicates that they sold not only the entirety of their October Bitcoin yield but also tokens from existing reserves. Hut 8 and Bit Digital opted to sell a greater number, liquidating more than 300% of their produced BTC tokens in October.
#Bitcoin_Talk #BTCMove #crypto $BTC
How it will affect #BTC🔥🔥 price?
Leading Bitcoin miners sold 5,492 BTC during October’s market rally, exceeding their monthly production.
A notable surge in the sale of newly mined tokens was observed from public Bitcoin miners last month. According to reports, 13 leading mining entities disposed of an amount exceeding the BTC tokens they minted in October, even as the token experienced a 26% monthly surge.
Insights from TheMinerMag show that the sell-production ratio for players like Marathon Digital Holdings and Core Scientific Inc. crossed the 100% threshold. This indicates that they sold not only the entirety of their October Bitcoin yield but also tokens from existing reserves. Hut 8 and Bit Digital opted to sell a greater number, liquidating more than 300% of their produced BTC tokens in October.
#Bitcoin_Talk #BTCMove #crypto $BTC
🔋 Bitcoin price and energy use for mining highly correlated: UN report
UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global Bitcoin mining network consumed 173.42 terawatt-hours of electricity. During this timeframe, the crypto ecosystem was undergoing a bull run, and Bitcoin rallied to mark its ATH of $69K. 📈 “A 400% increase in Bitcoin’s price from 2021 to 2022 triggered a 140% increase in the energy consumption of the worldwide Bitcoin mining network,” The UN report highlighted 💬
#BTC #Bitcoin_Talk #Bitcoin-BTC #BullishOnBitcoin #BullRun2023 $BTC
UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global Bitcoin mining network consumed 173.42 terawatt-hours of electricity. During this timeframe, the crypto ecosystem was undergoing a bull run, and Bitcoin rallied to mark its ATH of $69K. 📈 “A 400% increase in Bitcoin’s price from 2021 to 2022 triggered a 140% increase in the energy consumption of the worldwide Bitcoin mining network,” The UN report highlighted 💬
#BTC #Bitcoin_Talk #Bitcoin-BTC #BullishOnBitcoin #BullRun2023 $BTC
#pepe Teaching the importance of HODLing........
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this is one of the most infamous #Bitcoin tweet of history....
16 May 2011, twitter User Greg Schoen tweeted about Selling his 1700 BTC at $0.30 per Coin, when the price hit $8.00, he purchased them at $0.06 per coin...
Today His stash would have been worth a whopping $60.8 million at Current Price of $35800....
Back in December 2017, the month #Bitcoin hit $20,000 for the first time, Schoen tweeted that he was "long over it." Back then, he said that he still owned some crypto, but his balances were "much lower."
In September 2018, Schoen tweeted that he had sold his remaining Bitcoin at $15,000 to pay off student loans....
in 2022, Schoen Announced that his legendary tweet, in which he expressed his regret about taking profits too early, is now available for auction on leading NFT marketplace OpenSea....
There were Total of 4 NFT Created with same tweet
#BinanceSquareXRP #pepe #BitcoinETFLaunch #Bitcoin_Talk
Follow
|||
this is one of the most infamous #Bitcoin tweet of history....
16 May 2011, twitter User Greg Schoen tweeted about Selling his 1700 BTC at $0.30 per Coin, when the price hit $8.00, he purchased them at $0.06 per coin...
Today His stash would have been worth a whopping $60.8 million at Current Price of $35800....
Back in December 2017, the month #Bitcoin hit $20,000 for the first time, Schoen tweeted that he was "long over it." Back then, he said that he still owned some crypto, but his balances were "much lower."
In September 2018, Schoen tweeted that he had sold his remaining Bitcoin at $15,000 to pay off student loans....
in 2022, Schoen Announced that his legendary tweet, in which he expressed his regret about taking profits too early, is now available for auction on leading NFT marketplace OpenSea....
There were Total of 4 NFT Created with same tweet
#BinanceSquareXRP #pepe #BitcoinETFLaunch #Bitcoin_Talk
What Happens to Bitcoin Price if Spot ETF Isn't Approved?
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
It's not surprising that analysts expect to see negative short-term price action if a bitcoin spot ETF is rejected by the SEC.
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
• Analysts, however, pointed out that bitcoin certainly doesn't hinge its existence on an ETF.
🔥🔥🔥🔥🔥🔥🔥🔥
While markets appear to have fully embraced the idea that the U.S. Securities and Exchange Commission (SEC) will approve a spot bitcoin ETF (timing unclear), it's worth considering the chance of continued rejections and what that might mean for the price of the crypto.
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
It's no surprise that analysts believe there would be at least some negative short-term price impact on SEC rejections, but what to expect following the knee-jerk reaction?
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
"We could see a move downward and the target could be below $30,000," said Laurent Kssis, a crypto trading adviser at CEC Capital.🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
Any decline, Ksiss noted, would have to be balanced against other bullish catalysts, such as the approaching halving. "A cluster at $25,000 is highly unlikely unless the SEC is categorical, but I sense it will be a back-to-the- drawing-board situation and hope will still be in the back of everyone's mind."
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"If the ETF doesn't get approved, I anticipate it would be a significant letdown for the market," said Martin Leinweber, a product strategist at MarketVector Indexes. "The spot Bitcoin ETF is often viewed as a hallmark of institutional acceptance and integration into mainstream financial systems.
FOLLOW ME 🔥🔥🔥
#etf #BTC #xrp #Bitcoin_Talk #BinanceSquareTalks
$BTC $BNB $ETH
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
It's not surprising that analysts expect to see negative short-term price action if a bitcoin spot ETF is rejected by the SEC.
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
• Analysts, however, pointed out that bitcoin certainly doesn't hinge its existence on an ETF.
🔥🔥🔥🔥🔥🔥🔥🔥
While markets appear to have fully embraced the idea that the U.S. Securities and Exchange Commission (SEC) will approve a spot bitcoin ETF (timing unclear), it's worth considering the chance of continued rejections and what that might mean for the price of the crypto.
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
It's no surprise that analysts believe there would be at least some negative short-term price impact on SEC rejections, but what to expect following the knee-jerk reaction?
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
"We could see a move downward and the target could be below $30,000," said Laurent Kssis, a crypto trading adviser at CEC Capital.🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
Any decline, Ksiss noted, would have to be balanced against other bullish catalysts, such as the approaching halving. "A cluster at $25,000 is highly unlikely unless the SEC is categorical, but I sense it will be a back-to-the- drawing-board situation and hope will still be in the back of everyone's mind."
🔥🔥🔥🔥🔥🔥🔥🔥
"If the ETF doesn't get approved, I anticipate it would be a significant letdown for the market," said Martin Leinweber, a product strategist at MarketVector Indexes. "The spot Bitcoin ETF is often viewed as a hallmark of institutional acceptance and integration into mainstream financial systems.
FOLLOW ME 🔥🔥🔥
#etf #BTC #xrp #Bitcoin_Talk #BinanceSquareTalks
$BTC $BNB $ETH
Good Morning everyone,
$BTC recently defied the bearish momentum observed a few hours ago and appears poised to breach the upper resistance level of 35,292. Await the confirmation of a genuine breakout in BTC's upper resistance.
Despite already being in an extraordinary bullish momentum, BTC's move to 37,000 is dependent on breaking the resistance level. Once a real breakout occurs, it's expected to surge further. The decline in bearish momentum indicates a probable breach of that resistance.
I encourage everyone to maintain their long positions until they receive updates from me. I hope this information is useful for your trading strategies. Please ensure you trade with sufficient funds and manage risks appropriately. $BTC #Bitcoin_Talk
$BTC recently defied the bearish momentum observed a few hours ago and appears poised to breach the upper resistance level of 35,292. Await the confirmation of a genuine breakout in BTC's upper resistance.
Despite already being in an extraordinary bullish momentum, BTC's move to 37,000 is dependent on breaking the resistance level. Once a real breakout occurs, it's expected to surge further. The decline in bearish momentum indicates a probable breach of that resistance.
I encourage everyone to maintain their long positions until they receive updates from me. I hope this information is useful for your trading strategies. Please ensure you trade with sufficient funds and manage risks appropriately. $BTC #Bitcoin_Talk
SEC Chair Gary Gensler says "Happy 15th anniversary to Satoshi’s famous white paper" #Bitcoin_Talk
BTC is experiencing a pump in value as anticipated. But we fear that this may be the final surge, so you should be cautious when trading Bitcoin. There may be a period of sideways movement to increase confidence among traders.
#BTC #Bitcoin-BTC #Bitcoin_Talk 🗣
#BTC #Bitcoin-BTC #Bitcoin_Talk 🗣
🔥🔥🔥 Bitcoin Fees Soar Nearly 1,000% Since August as Ordinals Are Back in Vogue🔥🔥🔥
- The fees for Bitcoin transactions have soared nearly 1,000% since August.
- This is due to the increased popularity of Ordinals, a new type of NFT that can be stored on the Bitcoin blockchain.
- The high fees are making it more difficult for people to use Bitcoin for everyday transactions.
#CryptoCurrents #BinanceSquareTalks #CryptoNews🔒📰🚫 $BTC #Bitcoin_Talk
- The fees for Bitcoin transactions have soared nearly 1,000% since August.
- This is due to the increased popularity of Ordinals, a new type of NFT that can be stored on the Bitcoin blockchain.
- The high fees are making it more difficult for people to use Bitcoin for everyday transactions.
#CryptoCurrents #BinanceSquareTalks #CryptoNews🔒📰🚫 $BTC #Bitcoin_Talk
MicroStrategy’s Bitcoin bag is up $900M amid BTC price surge
Michael Saylor founded MicroStrategy has bought 6,067 Bitcoin since the start of the third quarter.
#BTC #MicroStrategy #Bitcoin_Talk $BTC
Michael Saylor founded MicroStrategy has bought 6,067 Bitcoin since the start of the third quarter.
#BTC #MicroStrategy #Bitcoin_Talk $BTC
Bitcoin Resilience to Attack iui
It's quite amusing how people, especially staunch critics, often discuss #bitcoin's hashrate and the fear of a 51% brute force attack or centralization. Some act as if a 51% attack would be a doomsday scenario, but in reality, Bitcoin is designed to make such an attack unattractive and costly, as explained in the whitepaper and foreseen by its creator.This is evident when you compare Bitcoin's hashrate to BCH and BSV, which use the same hashing algorithm. Despite the vast difference in hashrate, these attacks rarely happen. Small public Bitcoin miners could potentially launch such an attack on BCH or BSV, but they choose not to because the cost outweighs the reward.This assumes that attackers are rational, which they mostly are. Even nation states could sustain an attack, but they have more practical ways to influence Bitcoin without competing in hashpower. This fear is just another form of FUD that can be easily debunked with transparent data.It's fascinating to witness and participate in this new, immutable, and unregulated commodity market in real-time. What an exciting era to be a part of! 🔥🔥 Like and follow for more Content 😁🥃 #BTC #BinanceSquareTalks #Bitcoin_Talk
#BTC #Bitcoin_Talk #BitcoinETFLaunch
A comprehensive guide to potential movements
Just have fun and check the analysis. It will help you a lot in determining the places available for buying and selling
I hope I added something important to you
A comprehensive guide to potential movements
Just have fun and check the analysis. It will help you a lot in determining the places available for buying and selling
I hope I added something important to you
How horrible! People getting physically robbed for their bitcoin is just devastating news...
This is exactly why I'm hoping Bitcoin remains decentralised as it's absorbed into society. SEC and all of the world's financial organisations however don't seem to get it.
Once btc stops being decentralised, holders may be put at risk.
#BTC #BitcoinInfluence #Bitcoin_Talk #BitcoinETFLaunch #BitcoinBoom
This is exactly why I'm hoping Bitcoin remains decentralised as it's absorbed into society. SEC and all of the world's financial organisations however don't seem to get it.
Once btc stops being decentralised, holders may be put at risk.
#BTC #BitcoinInfluence #Bitcoin_Talk #BitcoinETFLaunch #BitcoinBoom
LIVECryptoPotato
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Bitcoin Robbery Gang Strikes Again in Sweden: Middle-Aged Couple Targeted: Report
In a shocking turn of events, a middle-aged Swedish couple fell victim to a violent home invasion orchestrated by a gang of masked men determined to steal their Bitcoin holdings.
This incident, which unfolded earlier this week in the town of Rönninge, south of Stockholm, has highlighted the alarming trend of cryptocurrency-related robberies in Sweden.
Sweden’s Rising Trend of Violent Bitcoin Robberies
The robbery in Rönninge is described as a serious incident, with one victim being transported to the hospital via ambulance helicopter. Fortunately, their injuries are not life-threatening.
According to Eric Wall, a Board Member at the StarkNet Foundation, who has been closely following these incidents, this Monday’s attack marks a concerning pattern of bitcoin-related robberies in Sweden.
there’s now officially a situation in sweden
this monday, a middle-aged swedish couple was tied up in their home and robbed by 4 masked men. they were physically abused and threatened with their own kitchen knives. they were tied up for hours and one had to be escorted to the…
— Erica Wall (@ercwl) November 8, 2023
This disturbing trend is not isolated, as just last month in Södertälje, two prominent figures in the bitcoin and crypto world fell victim to similar home invasions by masked, armed men. One of them suffered three hours of physical abuse, while the other narrowly escaped because their spouse was the only one at home.
The initial incident occurred last year when one of Sweden’s most well-known Bitcoin enthusiasts faced a brutal break-in at their apartment. Despite surrendering a significant amount of bitcoin and crypto assets, they endured hours of physical beatings and abuse in front of their partner, leaving lasting psychological scars.
Crypto Robberies in Sweden Spark Privacy Concerns
What is concerning is the apparent link between these occurrences and the victims’ recent public discussions surrounding Bitcoin, frequently through live-streamed podcasts or mentions on social media. This situation brings forth inquiries regarding the security and privacy of individuals engaged in the cryptocurrency industry in Sweden.
A key factor among these cases is the ease with which personal information, including residential addresses and tax records, can be obtained in Sweden. This information is publicly accessible, making it convenient for potential criminals to target victims. The law responsible for this transparency is known as “Offentlighetsprincipen,” aimed at reducing corruption but proving inadequate in protecting individuals in the digital age.
The Swedish police have acknowledged the similarity in the means of operations of these robberies, tying them to a possible Bitcoin robbery gang. Investigations are ongoing, but no arrests have been made in connection with these incidents. As authorities continue their efforts to apprehend the culprits, the question of personal privacy and safety in Sweden’s cryptocurrency landscape remains a pressing concern.
The post Bitcoin Robbery Gang Strikes Again in Sweden: Middle-Aged Couple Targeted: Report appeared first on CryptoPotato.
This incident, which unfolded earlier this week in the town of Rönninge, south of Stockholm, has highlighted the alarming trend of cryptocurrency-related robberies in Sweden.
Sweden’s Rising Trend of Violent Bitcoin Robberies
The robbery in Rönninge is described as a serious incident, with one victim being transported to the hospital via ambulance helicopter. Fortunately, their injuries are not life-threatening.
According to Eric Wall, a Board Member at the StarkNet Foundation, who has been closely following these incidents, this Monday’s attack marks a concerning pattern of bitcoin-related robberies in Sweden.
there’s now officially a situation in sweden
this monday, a middle-aged swedish couple was tied up in their home and robbed by 4 masked men. they were physically abused and threatened with their own kitchen knives. they were tied up for hours and one had to be escorted to the…
— Erica Wall (@ercwl) November 8, 2023
This disturbing trend is not isolated, as just last month in Södertälje, two prominent figures in the bitcoin and crypto world fell victim to similar home invasions by masked, armed men. One of them suffered three hours of physical abuse, while the other narrowly escaped because their spouse was the only one at home.
The initial incident occurred last year when one of Sweden’s most well-known Bitcoin enthusiasts faced a brutal break-in at their apartment. Despite surrendering a significant amount of bitcoin and crypto assets, they endured hours of physical beatings and abuse in front of their partner, leaving lasting psychological scars.
Crypto Robberies in Sweden Spark Privacy Concerns
What is concerning is the apparent link between these occurrences and the victims’ recent public discussions surrounding Bitcoin, frequently through live-streamed podcasts or mentions on social media. This situation brings forth inquiries regarding the security and privacy of individuals engaged in the cryptocurrency industry in Sweden.
A key factor among these cases is the ease with which personal information, including residential addresses and tax records, can be obtained in Sweden. This information is publicly accessible, making it convenient for potential criminals to target victims. The law responsible for this transparency is known as “Offentlighetsprincipen,” aimed at reducing corruption but proving inadequate in protecting individuals in the digital age.
The Swedish police have acknowledged the similarity in the means of operations of these robberies, tying them to a possible Bitcoin robbery gang. Investigations are ongoing, but no arrests have been made in connection with these incidents. As authorities continue their efforts to apprehend the culprits, the question of personal privacy and safety in Sweden’s cryptocurrency landscape remains a pressing concern.
The post Bitcoin Robbery Gang Strikes Again in Sweden: Middle-Aged Couple Targeted: Report appeared first on CryptoPotato.
Bitcoin Ordinals Trading Hits 6-Month Peak as ORDI Token Surges on Binance Listing
The market for Bitcoin Ordinals was active on Tuesday after Binance rolled out support for ORDI, the original BRC-20 token
Bitcoin Ordinals transaction volume surged to its highest levels since May on Tuesday, as about $14.7 million worth of the Bitcoin-based assets traded hands, as of this writing, according to a Dune dashboard created by the pseudonymous on-chain data analyst Domo.
Launched earlier this year, Ordinals enables the creation of NFT-like assets on the Bitcoin blockchain. The protocol lets people assign data to an individual satoshi—equal to 1/100,000,000 of a whole Bitcoin—whether that's art, profile pictures, or text.
The lion’s share of trading volume on Tuesday took place on the cryptocurrency exchange OKX, per Domo’s dashboard. The Seychelles-based exchange rolled out trading support for Ordinals in May and accounted for 6,100 or 60% of daily Ordinals transactions, as of this writing.
#Bitcoin_Talk #BitcoinETFLaunch #BTC
The market for Bitcoin Ordinals was active on Tuesday after Binance rolled out support for ORDI, the original BRC-20 token
Bitcoin Ordinals transaction volume surged to its highest levels since May on Tuesday, as about $14.7 million worth of the Bitcoin-based assets traded hands, as of this writing, according to a Dune dashboard created by the pseudonymous on-chain data analyst Domo.
Launched earlier this year, Ordinals enables the creation of NFT-like assets on the Bitcoin blockchain. The protocol lets people assign data to an individual satoshi—equal to 1/100,000,000 of a whole Bitcoin—whether that's art, profile pictures, or text.
The lion’s share of trading volume on Tuesday took place on the cryptocurrency exchange OKX, per Domo’s dashboard. The Seychelles-based exchange rolled out trading support for Ordinals in May and accounted for 6,100 or 60% of daily Ordinals transactions, as of this writing.
#Bitcoin_Talk #BitcoinETFLaunch #BTC
