💭 Cathie Wood, Ark Invest CEO, on Bitcoin: “The behavior of the price through this crisis is going to attract more institutions.”

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#BTC — Analysis

Bitcoin should be heading toward 28600$ where it will find price resistance...

— If manages to get above, then the Weekly OB (orange rectangle) will act as resistance and only then you could aim toward the TP of 32000$ — the algo fib (top negative fib).

Beside what it was just stated, price could consolidate between the top of broadening wedge — 27000$ and one of those resistances, respectively 28600$ — 29000$ — 29700$ until it reaches 32k as main target of this move and major resistance!

Bitcoin seems Sound during all this narrative of the Banks, followed by #GOLD that just had a major breakout and might be aiming for a wild run!!! Same will happen if Bitcoin manages to surpass 32k — 36k

https://www.tradingview.com/x/KhtPz7ou/

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#GOLD — Overview of the "major breakout..."

HTF (Weekly), with EMA's.

https://www.tradingview.com/x/35GLzRXD/

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BTC liquidity has dropped to 10 month lows as market makers lose access to USD payment rails.

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U.S. hours have been a major source of bullish pressure since the beginning of the year.

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Total deposits are down 3.5% from its highs or more than $650 billion from the peak.

This is the largest drawdown in deposits in the last 2 decades surpassing the GFC levels.

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The current bear market (blue) in comparison to the previous ones: 1946-1949, 1973-1974, 2000-2002.

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Less than 40% of total Bitcoin supply is considered liquid (< 1 year).

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Exactly 9 years ago, Ark's Cathie Wood predicted $BTC at $500 for the 1st time: "Bitcoin could go viral."

As well as your predictions, Cathie 😉🫶🏼

@bitcoins

🚨JUST IN 🚨 : Microstrategy Secures 6,455 Bitcoins in $150 Million Deal at $23,238 Average Price.

@Crypto_News | Tweet

MicroStrategy now owns 1 out of every 151 #bitcoin that will ever exists.

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📈 Bitcoin's NUPL chart moves out of hope/fear for the first time since May 2022.

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Fast fact:

At today’s hashrate growth rate of Bitcoin, which has reached 400 exahashes per second, we will begin measuring hashrate in zettahashes by the end of 2025.

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10 years later, Bitcoin's market cap makes $518 billion 🔥

♥️ from you: https://twitter.com/CryptoCoinCoach/status/1640673036117442562

Follow @coach for more crypto insights 🔎
#Coach_Educates

💬 "Bitcoin was born amid the 2008 crisis. The current banking crisis is likely to be the catalyst for a rally in crypto," Bloomberg Intelligence Chief Strategist.

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Bitcoin: bull runs following prior halving cycles.

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😆
And you?

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Binance Bitcoin trading volume hits lowest level in 8 months following termination of zero-fee trading.

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