Bitcoin (Cryptocurrency:BTCUSD) News

IF she can bust up thru the 2021 high again.........she COULD well be off to the races.
BUT she's currently in a highly precarious position.......









With Thursdays' 50 day SMA attempting to shed light - Pushed strongly up thru it on Friday - High 38.50






An equivilent ETFs' 50 day

Remove reason and accountability and that’s her

"...she COULD well be off to the races...."

So you think Bitcoin is female.

I never thought of it that way. But maybe that explains the lack of decisive direction and the irrational nature of the price movements.

(Just kidding, of course)

BTC will hit $100k+ in 8-weeks

Have you seen 1yr chart/3yr chart..we’re seeing future3yr bottom-today.

Slightly updated trajectories in my opinion reveal that essentially we end up in the same spot over the intermediate term, but the short term varies, the longer term is obvious we are heading down and won't pierce above 73k, if we do 77-80k temporarily only IMO!

https://www.tradingview.com/chart/BTCUSD/Fhlq2oS6-A-Crypto-Dance-of-Trajectories-with-the-Same-Outcome/

#btc #bitcoin #crypto #blockchain

Disclaimer: These posts like all others in the past and future are for info and educational purposes, they are a toolset to compare against yours and the other analyses you have considered, in order to form your own due dilligence based determination. Investment advice is a paid service, so even without this disclaimer it should be assumed (we are all grown men and women I suppose)

666 24 - They sure can't fool us !




Try as they might.........they CAN'T because ;





We are all OVER their stupid little games !





I mean like - What do they THINK - that we're AMATUERS ?........Or what ?




Stupid buncha......Crypto guys






66,666

66666

Agreed Amigo! I’ve/We’ve been saying this is just the beginning especially with institutional adoption just beginning.
Like i always have said, buy the dip and enjoy the rip! 👍🏻👍🏻

WALLET CHECK 💪
Today we’ll be taking a look at the number of addresses with a non-zero balance.

It provides a high level overview of the Bitcoin network’s user base/activity.

Keep in mind though, one wallet does not equal one user. A user can have many wallets.

What matters here is the trend of the chart.

Increasing number of addresses: increasing adoption levels 📈

Decreasing number of addresses: indicates users are selling their entire balance or consolidating wallets 📉

onchain
Notice how this chart has always been trending upwards?

A clear sign that the Bitcoin Network has expanded every single year.

As of today there are 52,575,685 addresses with a positive balance.

Two weeks ago this metric was at 52,521,810 wallets.

That’s an increase of +53,875 wallets. 😱

With Bitcoin’s recent price movement from $60,000 to ~$67,000, it looks like interest is returning…

Simple takeaway from this data:

Bitcoin adoption continues to grow, and 2024 marks the start of the ‘institutional era’.

15 years into its existence and the network is still expanding every single year.

Bullish. 🐂

WE’VE SEEN NOTHING YET 🏁
The institutional adoption of Bitcoin is set to accelerate.

We’ve seen nothing yet.

That’s the latest prediction from Anthony Scaramucci.

Scaramucci
For those not familiar with Scaramucci, he’s a well-known American investor.

He’s the founder of SkyBridge Capital, an investment firm that has over $2 billion under management.

Speaking with CNBC, Scaramucci broke down why we have only just seen the beginning of the institutional adoption of Bitcoin.

We’re about to witness demand accelerate rapidly over the coming quarters.

“We believe we are still in the early stages of Bitcoin’s institutional adoption.”


Anthony Scaramucci.
Scaramucci finished the interview by giving his prediction as to how high Bitcoin could hit before the end of the year.

He estimated the market cap of gold to be around ~$16 trillion dollars.

Bitcoin hitting half of gold’s market cap by the end of the year would not be far-fetched.

“Bitcoin’s potential to reach $8 trillion in market cap is not far-fetched. This increasing institutional interest testifies to Bitcoin’s emerging role as a critical component of modern investment portfolios.”


Anthony Scaramucci
Bitcoin at an $8 trillion dollar market cap would price each Bitcoin just over $400,000 per coin.

Not too shabby. 😮‍💨

Agreed!!

2 Resistance "problems".......= .... 68,997 and Orange Diagonal ;

IF she can bust up thru the 2021 high again.........she COULD well be off to the races.

Just Hangn around Ready for that 10 k Lift off , Spike in Action

🖕🤑🖕🌪️🌪️🌪️🌪️ $77,777 TARGET 🎯

Hey I'm sure we all feel badly about how poorly he called all this......
Lets everyone pitch in and maybe buy him a lollipop.

SUCK U BITCOIN ETH SOL SHIBA 😅😛😉🚀✔️💯👬
$70,000 next week

SUKU BITCOIN ETH SOL SHIBADOGEX BONK BONK 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

All hail Glory to The Coin !.......
Bitcoin six six six six six......
Grinding it out to the end.

.

🖕 😉🖕 BITCOIN LITECOIN $70K This weekend

💪🤑🖕WOOHOOOOOOOOOOOOO BITCOIN SHIBADOGE BONK BONK

EXACTLY …he a Dreamer

WRONG! Just watch how many blues get flipped. MARK IT!! And I'll still be here when that comes to pass, unlike some.

66600 turning into support?

My advice would be only sell when you need the money😉 bitcoin will be an easy $500,000 by 2028

Not to mention The Orange Line presented (to which it's currently reacting)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174440508




A Brief SUMMARY of KEY LEVELS

Lmao wrong. Rfk jr is the one. Trump just changed his tune because RFK all about blockchain. No one is voting for Trump but his base. And we all that's not getting him elected.

Channel Of Destiny / Zone Of Excitement, OHTL Wedge / 66,666, 2021 High, etc

Yep. Less really. Lost coins over the years.

Bitcoin supply capped at 21 million coins.

Does everyone believe that can't be changed?

WHEN ON EARTH SHOULD I SELL? 🌎
It’s the most asked question in all of crypto…

When should I sell?

That’s what macro-economic expert Raoul Pal answered in his latest update to investors.


If you’ve been in crypto for long enough, you’ll know that crypto is extremely cyclical.

There’s a 4 year cycle, based around the Bitcoin halving.

seasons4
This 4 year cycle is broken into 4 seasons:

🟩 Crypto Spring

🟨 Crypto Summer

🟥 Crypto Fall

🟦 Crypto Winter

In 3 out of 4 of these seasons, crypto is the best performing asset on earth.

Then in crypto winter, it’s the worst.

On paper, the optimal selling strategy appears obvious:

Exit all of your crypto positions before crypto winter.

Simple, right?

According to Raoul - not quite.

There’s just one problem.

It’s impossible to know when crypto will peak.

“I can't help you with timing the top.”


Raoul Pal
Even if you do miraculously nail the top, there’s a problem:

“Let's imagine you get out roughly right. Within 10% - 20% of the high. Let's say you've turned $100 into $1,000. Now you're waiting for the bear market. I will guarantee you will not put the same amount back in. Because you'll be terrified of losing it… before you know you've actually screwed the whole thing up.”


Raoul Pal
Instead of trying to time the market, here’s Raoul’s personal plan:

“Here's my suggested path for most people... Usually the back part of the year, after the US election there's a screaming pump into the end of the year. My advice? Use that in terms of time and not price. Take maybe 1/3rd off the table for lifestyle chips… Secure your lifestyle, the things that matter to you. Now you've taken all the pressure off. Now I've de-risked my life so I can now run 2025 more intelligently.”


Raoul Pal
Raoul’s predicts that following the US election in November, we’re going to see a huge pump.

The plan?

Take 1/3rd off the table.

Now not only have you taken the pressure off, if there’s a harsh correction, (there always is) you have some dry powder. 💣

LONG-TERM HOLDERS 💪
It’s time to check in on the supply of Bitcoin last active 1+ years ago.

We love this chart. It’s so simple to understand and it’s extremely useful.

It categorises coins based on how long it’s been since they last moved on-chain. (as a percentage of the circulating supply)

Metrics rising: long-term holders are accumulating coins 📈

Metrics declining: long-term holders are selling coins 📉

Taking a look at the chart below you’ll notice significant dips in these metrics when Bitcoin reaches new all-time highs. (especially with the 1+ year age band)

onchain
Here’s the breakdown for each cohort (compared to what it was 2 weeks ago):

🔴 Supply last active 1+ years ago: 65.80% (up from 65.68%)

🟠 Supply last active 2+ years ago: 54.81% (up from 54.65%)

🟢 Supply last active 3+ years ago: 46.33% (up from 45.69%)

🔵 Supply last active 5+ years ago: 31.19% (down from 31.22%)

Over the last two weeks, the 1+, 2+ and 3+ age bands experienced a slight increase.

BUT, the 5+ age band slightly decreased…

As we mentioned two weeks ago, the sell-offs from long-term holders has slowed down.

Now long-term holders are once again waiting on the price to increase further before taking anymore profits.

BUT, there was a small amount of selling from the 5+ year age band. (nothing too significant though)

All in all, long-term holders still have an extremely high conviction in the future of Bitcoin. 💪

BIG WIN FOR CRYPTO 🤑
BREAKING: U.S. Senate Votes to Kill SEC's Crypto Accounting Policy, Testing Biden's Veto Threat

Bitcoin
The US Senate just voted in favour of repealing the SEC’s controversial SAB 121 crypto policy.

The Senate voted 60-38 to overturn the policy.

But what exactly is SAB 121? 🤷‍♀️

Here’s the rundown:

The SEC Staff Accounting Bulletin (SAB 121), was first published in 2022 and has drawn controversy over the past year over concerns in the crypto industry that it could prevent banks from safeguarding digital assets. It requires firms that custody crypto to record customer crypto holdings as liabilities on their balance sheets.

One of the reasons SAB 121 is so controversial is because it doesn’t apply to traditional assets like stocks.

Senator Cynthia Lumis, who pushed for the resolution in the Senate, had this to say:

This is a win for financial innovation and a clear rebuke of the way the Biden administration and Chair Gary Gensler have treated crypto assets and marks the first time both chambers of Congress have passed standalone crypto legislation,"


Senator Cynthia Lumis
Senator Lumis even updated her Twitter profile picture to include the popular crypto meme “laser eyes”.

A clear indication of her support for the crypto industry.

CL tweet
Rep. Mike Flood, another politician who pushed for the resolution, called this decision a “landmark result”:

“It is clear there is overwhelming opposition to SAB 121, and I urge President Joe Biden to reconsider his previous statement of intent to veto the resolution. The President should sign my resolution to ensure the SEC reverses course and sets America on a path to growing our digital financial future,”


Rep. Mike Flood
But it’s not over yet…

Before this decision was made, President Joe Biden vowed to veto the resolution if the Senate voted in favour.

It’ll be interesting to see what Biden actually does…

Regardless though, today is a victory for the crypto industry. 🥳

67.2k WOW!! Where's all the 50k Imbeciles? Come out come out where ever you are. OUCH!

"If you're in favor of crypto, you better vote for Trump," former President Donald Trump said Wednesday https://www.politico.com/news/2024/05/10/trump-crypto-biden-00157051

BTC !........USD !.........Go USA Go !












66,666 BO

WOOHOOOOOOOOOOOOOOOOOOOOO

We just bounced off $66,666, didn't we.

1 1/2 hours in.....





So, that Little Opening Bell Downdraft was just simply a "Mirage" ?

Here we go. 70k

All Hail To Glory And The Boat That She Rode In On








66666

Black Cloak Death Star......with.......Opening bell in 10 minutes






66,666


Three Black Crows ?......Or Vampires

BITCOIN 🛩️ Steve Miller JET AIRLINER $70k today

BITCOIN Cure - Friday I’m in Love $70K TARGET

BITCOIN 💪🤩🫱🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 $70k today

Retest 66.5

No need to panic just yet......altho
It could be pretty soon ;





12 HOURS EARLIER ;









70,0000 Cuckoo call


66,666








IBIT 50 SMA

Agreed. Good points! Thanks

Exactly.