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#Bitcoin in April: 5 interesting charts that you need to see 👇1-7) As we enter April, we are showing five charts that could define Bitcoin and the crypto market in general. Bitcoin has had a massive rally of seven consecutive up months, and below, we would like to discuss if Bitcoin prices have the potential to be up or down next. Historically, an exciting comparison awaits. Some stocks like MicroStrategy and Coinbase have done exceptionally well; what’s the trade now? 👇2-7) https://mail.10xresearch.co/p/bitcoin-april-5-interesting-charts-need-see #BTC

#Bitcoin in April: 5 interesting charts that you need to see

👇1-7) As we enter April, we are showing five charts that could define Bitcoin and the crypto market in general. Bitcoin has had a massive rally of seven consecutive up months, and below, we would like to discuss if Bitcoin prices have the potential to be up or down next. Historically, an exciting comparison awaits. Some stocks like MicroStrategy and Coinbase have done exceptionally well; what’s the trade now?

👇2-7) https://mail.10xresearch.co/p/bitcoin-april-5-interesting-charts-need-see

#BTC

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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The Next 24 Hours Could Signal If #Bitcoin Is Heading To 52,000 1-9) New risks are emerging, and Bitcoin could decline from our projected range of 52,000 to 55,000. Previously, we have pointed out various market structure data points for why this might occur. As we pointed out yesterday, Bitcoin miner revenues are falling short, which could signal that Bitcoin’s fair value is quite a bit lower. 2-9) Read the full note here: https://mail.10xresearch.co/p/next-24-hours-signal-bitcoin-heading-52000 #BTC
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#Bitcoin Miner Revenues Explode Thanks to Runes: Should You Load Up on Miners? 👇1-12) Bitcoin miner revenues have exploded with the launch of Runes, a new fungible token standard created by creative organelles. Runes allows people to inscribe arbitrary data on Bitcoin-like art. Runes remind us of Ordinals, which had an outsized impact on miners' revenues in late 2023 and early 2024 and was associated with a golden opportunity for Bitcoin mining companies. In later Q3, we made super aggressive mining calls that paid off (here). 👇2-12) Ordinals, unique identification numbers assigned to each satoshi on the Bitcoin blockchain, have sparked a resurgence in on-chain activity, leading to substantial transaction fees. Miners have reaped the rewards, with over $200m in transaction fees from Ordinals, constituting approximately 20% of their total revenue by February 2024. 👇3-12) Among other factors, this caused Bitcoin mining stocks to rally by +100% to +300% in Q4 2023 as ordinals massively contributed to the rewards for Bitcoin miners. Are Runes a replay of this period, and therefore, a massive rally for publicly listed Bitcoin miners, such as Marathon Digital, awaits? 👇4-12) Full note here: https://mail.10xresearch.co/p/bitcoin-miner-revenues-explode-thanks-runes-load-miners #BTC #bitcoin
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Every Profitable #Bitcoin Trader Is Watching These TWO data points 👇1-10) A moment of truth is near. Bitcoin has rallied from 60,000 to 67,500 in four days, almost reaching our line in the sand. However, the rally occurred within four one-hour time windows and appeared driven by several blocks of larger orders instead of gradual buying during those four days. 👇2-10) The real test is not our 68,300 ‘line-in-the-sand’ level, which symbolizes the previous high. After retesting, this previous bull market’s all-time high level, while previously rejected, caused a parabolic move in Bitcoin in the last cycles. 👇3-10) As crypto futures traders have turned cautious, the real test is for the spot market to drive this rally higher. -> read the full note here: https://mail.10xresearch.co/p/every-profitable-bitcoin-trader-watching-two-data-points #BTC #ENA
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Bitcoin: What If We Are Wrong ?? 👇1-12) George Soros's "two opposing theories" concept refers to his conflicting market views, allowing him to flexibly respond to changing conditions. Soros would develop a hypothesis for either market direction, jumping on the hypothesis that the market was confirming. 👇2-12) Bitcoin has followed predictable cycles, a fact that many of the most prominent crypto experts preach but seem to overlook at turning points. For instance, in November 2021, when the last bull market peaked, none of them advised cashing out. Similarly, in Q4 2022, when Bitcoin was expected to dip to 12,000, they failed to recommend buying. 👇3-12) All our analysis is based on quant analysis, and on October 28, 2022, we suggested it was time to buy and that Bitcoin could rally to 63,160 into the 2024 Bitcoin halving (+215% upside, actual halving price: 63,491). We also suggested on February 1, 2023, that Bitcoin could rally from 22,000 to 45,000 by Christmas (+100% upside, actual price on X-mas: 43,613). For 2024, we suggested Bitcoin could rally to 70,000 (+70% upside) based on the risk of diminishing cycle returns. We wanted narrative confirmation before committing to much higher Bitcoin price targets. 👇4-12) Read the full note here:https://mail.10xresearch.co/p/bitcoin-wrong #BTC
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On October 28, 2022, we predicted #Bitcoin could rally to 63,160 into its next halving - less than 1% away from the actual halving Bitcoin price level (63,500/63,700). Initially, the halving was expected to occur in March but changed to April. A pretty accurate call...join our distribution list here:  https://10xresearch.co/ #BTC
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