Bitcoin Electrical Cost is now a whopping $77.4K. This is the raw electricity cost to power the network, per Bitcoin mined.
Bitcoin Miner Price hit $244K on Saturday! This is the block reward + fees per Bitcoin mined. It boomed as transaction fees hit $230+ (about 4X the prior ATH of $68 set in 2021).
This means Bitcoin is trading at a DEEP DISCOUNT.
Price under Electrical Cost typically lasts just a couple days every 4 years.
This means 1 of 3 things happens now:
1) Price skyrockets 2) ~15% of miners shut down 3) Transaction fees remain a lot higher on average
$BTC I accidentally realized something extremely important:
Cycle 14 days before Halving 2024 " SAME " 99% of 2020 cycle (see photo below).
2024 before Halving BTC has reached ATH, so if the 2024 cycle is the same as 2020 and 2 weeks earlier, => So if I'm not mistaken, we have entered the Bullrun and headed to 85k before Halving It's exactly the same, just a little bit earlier about 2 weeks... $DOGE #BinanceSquareVietnam
If you want to know 13 days ago Halving $BTC will the price be UP or DOWN? Please refer to the following:
I tried very hard to learn all the experts' analysis and refer to the historical Chart 14 days before Halving 2020. History shows that prices will go up and down slightly, without too much fluctuation. Below is a 1-day candlestick, if you look more broadly you will see the overall UP trend But this year the situation is very different from history, I hope and think that Price will UP soon., and I have X10 furture #BinanceSquareVietnam
I'll tell you the truth, I almost reached $1 million twice but failed and the way to get from 17k to 1k9 is too easy in this complicated market as follows :)) That is, play $DOGE 10x and believe it will increase, and every time I buy when the recovery is obvious, I swing to the top. =)) The advice is to trade BTC because it will fluctuate less and have enough time for us to cut losses, I believe that in this way, your skills and combat experience will show very well, and you will have sweet results early in this Bullish season. Good luck
c) To set up the next phase in the Bitcoin Halving Cycle: "Re-Accumulation" (red box)
3. Re-Accumulation
The beginning of the "Re-Accumulation" phase occurs once the Pre-Halving Retrace has bottomed
In other words, the bottom of the Pre-Halving Retrace becomes the bottom of the Re-Accumulation Range (red)
It's still uncertain if the Pre-Halving Retrace bottom is in
However, because a Pre-Halving Retrace has occurred already...
It is possible that Bitcoin is slowly transitioning away from its Pre-Halving Retrace phase into its "Re-Accumulation" phase (red)
The goal now is for Bitcoin to move sideways going into the Halving and beyond
The Re-Accumulation phase can last multiple weeks and even up to 150 days (i.e 5 months)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
However, in this cycle it is the very first time that this Re-Accumulation Range is developing around the New All Time High area
As a result, this Re-Accumulation Range may simply take the shape of a regular sideways range like we've seen throughout the cycle thus far and may not last very long before additional uptrend continuation
4. Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend
Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle
Everyone claims ETFs bad, no demand and it's all over.
UK announces ETFs.
Hong Kong in play.
Coinbase lawsuit result drops.
Larry Fink is on TV talking about #BitcoinâŻâŻâŻ being the most successful ETF in ETF history.
Suddenly we're back to $400m-$700m a day of buying like magic.
Are you really this stupid to believe there isn't some strategic buying to acquire every #BitcoinâŻâŻâŻ at the best price possible for BlackRock and the boys?
If thats what you think, I'm glad you got Larry'd and I'm glad an institution holds your #BitcoinâŻâŻâŻ.
#BitcâŹoin and @#DogeđŠ Picture is process that i realize future 10X with Doge Target: From 1000$ => 1.000.000 $ I need 12 time trading success I will share my method of I complete 10.000$ st I have 6 year experience trading bitcoin and this Season is great opportunity
I believe that BTC will rebound in 1 week, Dont worry! If price decrease , it mean you easy to can have profit same me below Doge and BTC still have a rule relate together if you attention about method change price Good luck!