๐ท Could Bitcoin reach $500,000?
A popular chart circulating on X suggests that Bitcoin is currently testing a multi-year trendline that has historically marked major market bottoms on the monthly timeframe.
According to this analysis, BTC approaching this long-term support could indicate that the market is close to forming a macro bottom โ potentially setting the stage for a massive long-term move, with some projections pointing as high as $500K.
However, the key nuance is the timeframe. On the monthly chart, Bitcoin could still close March around $60K and the long-term trend would remain intact.
In other words, short-term volatility doesnโt necessarily break the broader structure.
The bigger picture suggests that as long as BTC holds this multi-year trendline, the long-term bullish scenario remains possible.
@Cryptoz
A popular chart circulating on X suggests that Bitcoin is currently testing a multi-year trendline that has historically marked major market bottoms on the monthly timeframe.
According to this analysis, BTC approaching this long-term support could indicate that the market is close to forming a macro bottom โ potentially setting the stage for a massive long-term move, with some projections pointing as high as $500K.
However, the key nuance is the timeframe. On the monthly chart, Bitcoin could still close March around $60K and the long-term trend would remain intact.
In other words, short-term volatility doesnโt necessarily break the broader structure.
The bigger picture suggests that as long as BTC holds this multi-year trendline, the long-term bullish scenario remains possible.
@Cryptoz
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#oil
๐ข Donald Trump: The USA is the largest oil producer in the world by a wide margin, so when oil prices rise, we make a lot of money.
BUT a far more important task for me as president is to prevent the evil empire, Iran, from obtaining nuclear weapons and destroying the Middle East and, essentially, the whole world. I will never allow that!
ะกrypto Headlines
@Cryptoz
๐ข Donald Trump: The USA is the largest oil producer in the world by a wide margin, so when oil prices rise, we make a lot of money.
BUT a far more important task for me as president is to prevent the evil empire, Iran, from obtaining nuclear weapons and destroying the Middle East and, essentially, the whole world. I will never allow that!
ะกrypto Headlines
@Cryptoz
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๐ท BILLIONAIRE JACK DORSEY SAID BIG BANKS AND WALL STREET WILL BE FORCED TO ADOPT #BITCOIN
"WE DON'T NEED THEIR PERMISSION."
@Cryptoz
"WE DON'T NEED THEIR PERMISSION."
@Cryptoz
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๐ดโโ ๏ธ Europol and FBI took down the SocksEscort proxy network โ press release
Operation Lightning: 34 domains seized, 23 servers confiscated, and $3,500,000 in cryptocurrency frozen.
The network infected home routers with malware and sold access to scammers โ for hacking crypto wallets and hiding their location. Since 2020, 369,000 IP addresses across 163 countries have passed through it.
Examples of victims:
โช A New York resident lost $1,000,000 in cryptocurrency.
โช A company from Pennsylvania lost $700,000.
โช US military personnel suffered losses of $100,000.
The operation involved: FBI, IRS, Europol, Eurojust, police forces of Austria, Bulgaria, France, Germany, Hungary, the Netherlands, and Romania.
@Cryptoz
Operation Lightning: 34 domains seized, 23 servers confiscated, and $3,500,000 in cryptocurrency frozen.
The network infected home routers with malware and sold access to scammers โ for hacking crypto wallets and hiding their location. Since 2020, 369,000 IP addresses across 163 countries have passed through it.
Examples of victims:
โช A New York resident lost $1,000,000 in cryptocurrency.
โช A company from Pennsylvania lost $700,000.
โช US military personnel suffered losses of $100,000.
The operation involved: FBI, IRS, Europol, Eurojust, police forces of Austria, Bulgaria, France, Germany, Hungary, the Netherlands, and Romania.
@Cryptoz
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#altcoins
๐ Matrixport: Preconditions are forming for a crypto market recovery.
โ Sentiment remains weak, and trading volumes are near lows. Many traders have shifted to gold and oil โ trends are clearer, and volatility is higher than in most altcoins.
โ However, a thaw is beginning. Bitcoin has been declining for 5 months โ a historically rare pattern that often preceded countertrend rallies.
โ Altcoin market capitalization has also dropped to levels from which cyclical rebounds have historically started.
โ The altcoin marketโs analytical model still hasnโt formally entered bullish territory, but more and more tokens are passing quantitative momentum filters and trading above their 30-day moving averages. Liquidity is improving โ inflows of stablecoins to the market are resuming.
โ Taken together, the signals point to a gradual increase in the likelihood of a broad crypto market recovery.
@Cryptoz
๐ Matrixport: Preconditions are forming for a crypto market recovery.
โ Sentiment remains weak, and trading volumes are near lows. Many traders have shifted to gold and oil โ trends are clearer, and volatility is higher than in most altcoins.
โ However, a thaw is beginning. Bitcoin has been declining for 5 months โ a historically rare pattern that often preceded countertrend rallies.
โ Altcoin market capitalization has also dropped to levels from which cyclical rebounds have historically started.
โ The altcoin marketโs analytical model still hasnโt formally entered bullish territory, but more and more tokens are passing quantitative momentum filters and trading above their 30-day moving averages. Liquidity is improving โ inflows of stablecoins to the market are resuming.
โ Taken together, the signals point to a gradual increase in the likelihood of a broad crypto market recovery.
@Cryptoz
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