#BitcoinUpdate
#Bitcoin managed to close the daily candle above $46,800 and bulls fighting hard.
$BTC need to hold above this support to remain bullish.
We may see some high volatility during the weekend.
Also there is $1.7 billion options expiring today which lead to high volatility.
By @CryptoGains247⚡
#Bitcoin managed to close the daily candle above $46,800 and bulls fighting hard.
$BTC need to hold above this support to remain bullish.
We may see some high volatility during the weekend.
Also there is $1.7 billion options expiring today which lead to high volatility.
By @CryptoGains247⚡
#InterestingFact
Bitcoin stock-to-flow model predicts $100K by Christmas, time model (diminishing returns, lengthening cycles) $30K. Next months will be key. Note that color overlay is on-chain signal (not time to halving), indicating we are between bottom (blue) and top (red), in line with S2F.
By @CryptoGains247⚡
Bitcoin stock-to-flow model predicts $100K by Christmas, time model (diminishing returns, lengthening cycles) $30K. Next months will be key. Note that color overlay is on-chain signal (not time to halving), indicating we are between bottom (blue) and top (red), in line with S2F.
By @CryptoGains247⚡
#GlassNode
#Bitcoin hashrate is increasing slowing after the china crackdown. Miners shifted to new location and alternate energy sources. This is good for $BTC as it makes the network more decentralized and distributed.
By @GlassNode📊
#Bitcoin hashrate is increasing slowing after the china crackdown. Miners shifted to new location and alternate energy sources. This is good for $BTC as it makes the network more decentralized and distributed.
By @GlassNode📊
#CryptoNews
Big bank buys a quarter billion dollars worth of bitcoin (GBTC), wow!
Morgan Stanley Loads Up on $240 Million in Grayscale Bitcoin Shares
Morgan Stanley's recent purchases would make the investment bank the second-largest holder of Grayscale Bitcoin Trust (GBTC).
According to SEC filings from Morgan Stanley yesterday, it bought upwards of 6.5 million shares of Grayscale Bitcoin Trust across more than a dozen funds. With each share trading at $37.82, that's about $240 million in GBTC. It would make the investment bank the second-largest known holder of GBTC after Cathie Wood's ARK Investment Management, which owns over 9 million shares.
By @CryptoGains247⚡
Big bank buys a quarter billion dollars worth of bitcoin (GBTC), wow!
Morgan Stanley Loads Up on $240 Million in Grayscale Bitcoin Shares
Morgan Stanley's recent purchases would make the investment bank the second-largest holder of Grayscale Bitcoin Trust (GBTC).
According to SEC filings from Morgan Stanley yesterday, it bought upwards of 6.5 million shares of Grayscale Bitcoin Trust across more than a dozen funds. With each share trading at $37.82, that's about $240 million in GBTC. It would make the investment bank the second-largest known holder of GBTC after Cathie Wood's ARK Investment Management, which owns over 9 million shares.
By @CryptoGains247⚡
#GlassNode
#Bitcoin price is currently sitting at the top end of a strong on-chain support zone.
Over 1.65M $BTC now have an on-chain cost basis within the $45k to $50k range
The green zone below, at $31k to $40k, is also home to another 2.98M $BTC, indicative of large accumulation demand
By @GlassNode📊
#Bitcoin price is currently sitting at the top end of a strong on-chain support zone.
Over 1.65M $BTC now have an on-chain cost basis within the $45k to $50k range
The green zone below, at $31k to $40k, is also home to another 2.98M $BTC, indicative of large accumulation demand
By @GlassNode📊
This wave of #Bitcoin supply shock has the most momentum of any in recent history.
We're going much higher over the coming months.
By @CryptoGains247⚡
We're going much higher over the coming months.
By @CryptoGains247⚡
#BitcoinUpdate
We think #Bitcoin short term movement will be something like this:
The daily 50 EMA is slowely creeping up to the untested demand zone which is also a cluster of support, so a bounce from there could be more likely and healthy for $BTC.
It coincides with the technical target of this descending triangle.
We might wick lower, the support cluster is a zone (just like any other tool) and lays between $42.5k and $43.8k - that’s our re-entry zone to add some more funds in our existing position.
By @CryptoGains247⚡
We think #Bitcoin short term movement will be something like this:
The daily 50 EMA is slowely creeping up to the untested demand zone which is also a cluster of support, so a bounce from there could be more likely and healthy for $BTC.
It coincides with the technical target of this descending triangle.
We might wick lower, the support cluster is a zone (just like any other tool) and lays between $42.5k and $43.8k - that’s our re-entry zone to add some more funds in our existing position.
By @CryptoGains247⚡
#GlassNode
Accumulation Balance, meaning coins held by entities that have *never* sold, now represents 18.3% of Adjusted Supply (ignores lost coins).
This means nearly 1-in-5 of all coins in rotation the past seven years are held by non-sellers.
True HODLers set the floor.
By @GlassNode📊
Accumulation Balance, meaning coins held by entities that have *never* sold, now represents 18.3% of Adjusted Supply (ignores lost coins).
This means nearly 1-in-5 of all coins in rotation the past seven years are held by non-sellers.
True HODLers set the floor.
By @GlassNode📊
Historically, September has been a dull month for the market.
This is probably also the reason why many investors worry and trade less in the past few days.
By @CryptoGains247⚡
This is probably also the reason why many investors worry and trade less in the past few days.
By @CryptoGains247⚡
#CryptoNews
Twitter may soon integrate #Bitcoin payments.
Twitter is now beta testing a Bitcoin lightning tipping service
Twitter is now testing the ability to tip users in Bitcoin through Jack Maller’s lightning network app Strike, according to The Block.
Code within Twitter beta suggests that the Bitcoin tipping service is currently being tested. Mobile developer Alessandro Paluzzi tweeted an image of what the feature looks like so far.
By @CryptoGains247⚡
Twitter may soon integrate #Bitcoin payments.
Twitter is now beta testing a Bitcoin lightning tipping service
Twitter is now testing the ability to tip users in Bitcoin through Jack Maller’s lightning network app Strike, according to The Block.
Code within Twitter beta suggests that the Bitcoin tipping service is currently being tested. Mobile developer Alessandro Paluzzi tweeted an image of what the feature looks like so far.
By @CryptoGains247⚡
#GlassNode
Litcoin has seen an increase of roughly 200k new addresses on-chain. New addresses mean new interactions and cash flow coming into Litecoin soon.
By @GlassNode📊
Litcoin has seen an increase of roughly 200k new addresses on-chain. New addresses mean new interactions and cash flow coming into Litecoin soon.
By @GlassNode📊
#Bitcoin_Update
Bitcoin technical update: Price consolidation in the mid-range of a strong 8+ year bull channel. RSI rising, but has much further to go before being overheated.
Macro: Bullish
To news: Acting well
On-chain: Bullish
Opinion: Expected price surge over coming 2-4 months. #HODL
By @CryptoGains247 ⚡
Bitcoin technical update: Price consolidation in the mid-range of a strong 8+ year bull channel. RSI rising, but has much further to go before being overheated.
Macro: Bullish
To news: Acting well
On-chain: Bullish
Opinion: Expected price surge over coming 2-4 months. #HODL
By @CryptoGains247 ⚡
$BTC funding rates have calmed down across the board.
A lot of the greed in the Bitcoin market has been neutralized, for now.
By @CryptoGains247 ⚡
A lot of the greed in the Bitcoin market has been neutralized, for now.
By @CryptoGains247 ⚡
#Bitcoin_Update
Bears are weak.
We've been in chop for almost a month and we're still on an uptrend even with all the sell pressure in this range.
70k $BTC next week.
By @CryptoGains247 ⚡
Bears are weak.
We've been in chop for almost a month and we're still on an uptrend even with all the sell pressure in this range.
70k $BTC next week.
By @CryptoGains247 ⚡
Closing a 2-week candle over the log 1.618 has sent $BTC up over the 2.272 twice before.
Sitting above now. 8 days to close.
By @CryptoGains247 ⚡
Sitting above now. 8 days to close.
By @CryptoGains247 ⚡
#Bitcoin_Update
Bitcoin just made its highest weekly close in history!
New all time highs incoming :)
Are you ready for the Q4 parabolic pump?
By @CryptoGains247 ⚡
Bitcoin just made its highest weekly close in history!
New all time highs incoming :)
Are you ready for the Q4 parabolic pump?
By @CryptoGains247 ⚡
#Bitcoin_Update
Bitcoin continues to show uncertainty as price ranges in the supply zone from the previous ATH in May.
If it does break, the strong level of support on at $60k.
$60k appears to be the level that the $BTC whales are holding up, and it is possible we do end up testing it again if we go lower today.
All in all while the market is lethargic/saggy today, we are not concerned with the current price action.
With 2 weak all time high breaks, the real breakout into the $70ks and beyond is right around the corner!
Don't get shaken out!
By @CryptoGains247 ⚡
Bitcoin continues to show uncertainty as price ranges in the supply zone from the previous ATH in May.
If it does break, the strong level of support on at $60k.
$60k appears to be the level that the $BTC whales are holding up, and it is possible we do end up testing it again if we go lower today.
All in all while the market is lethargic/saggy today, we are not concerned with the current price action.
With 2 weak all time high breaks, the real breakout into the $70ks and beyond is right around the corner!
Don't get shaken out!
By @CryptoGains247 ⚡
Crypto Gains ™️
#Bitcoin_Update Bitcoin continues to show uncertainty as price ranges in the supply zone from the previous ATH in May. If it does break, the strong level of support on at $60k. $60k appears to be the level that the $BTC whales are holding up, and it is…
#Bitcoin_Update
The lower trendline broke and price went straight down to the lower support around the $60k price level!
This support has held strong in the past and it appears this is the line the whales are holding up.
Currently from the ATH down to the recent local created with this candle it is still only a 12% pullback.
To me there is still no real reason to start panicking despite this short term volatility.
New Updates will be posted today but I expect price to stabilize & consolidate before making a move in either direction!
By @CryptoGains247 ⚡
The lower trendline broke and price went straight down to the lower support around the $60k price level!
This support has held strong in the past and it appears this is the line the whales are holding up.
Currently from the ATH down to the recent local created with this candle it is still only a 12% pullback.
To me there is still no real reason to start panicking despite this short term volatility.
New Updates will be posted today but I expect price to stabilize & consolidate before making a move in either direction!
By @CryptoGains247 ⚡