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Bitcoin has officially entered the “danger zone” where historic pullbacks have begun ahead of the halving.
And at the same time, it is very likely that the “Rally before halving” phase has ended.
#BTC
And at the same time, it is very likely that the “Rally before halving” phase has ended.
#BTC
ETFs made Monday the most bullish day of the week for#Bitcoin# with average positive net flows of $302 million.
NEW:#Bitcoin# miners recorded their second-highest daily revenue ever at $75.9 million on March 6, the same day Hut 8 shut down its Canadian site due to power issues and high energy costs, according to an executive CryptoQuant research by Julio Moreno.
NEW: BlackRock is filing to add#Bitcoin# to its $17.6 billion Global Allocation Fund through the IBIT ETF.
<<BlackRock's move to include Bitcoin in its fund reflects a significant shift in traditional investment strategies toward recognizing the value and potential of cryptocurrency in today's financial landscape. This is a bold move that could pave the way for wider institutional adoption of digital assets.>>
<<BlackRock's move to include Bitcoin in its fund reflects a significant shift in traditional investment strategies toward recognizing the value and potential of cryptocurrency in today's financial landscape. This is a bold move that could pave the way for wider institutional adoption of digital assets.>>
NEW: Arkham claims to have identified#BTC#Tesla and SpaceX network assets.
“We believe Tesla currently has 11.51k #BTC# ($780M) across 68 addresses and SpaceX has 8.29k #BTC# ($560M) across 28 addresses , which is consistent with Tesla and SpaceX financial statements."
“We believe Tesla currently has 11.51k #BTC# ($780M) across 68 addresses and SpaceX has 8.29k #BTC# ($560M) across 28 addresses , which is consistent with Tesla and SpaceX financial statements."
The number of addresses with#Bitcoin# worth more than $1 million set a new all-time record of 116,556.
NEW: Yesterday BlackRock set a NEW RECORD by adding $788 million to its#Bitcoin#ETF.👀
Traders sold in panic, ETF buyers accumulated 😲
Traders sold in panic, ETF buyers accumulated 😲
Bitcoin balances on over-the-counter exchanges have reached their lowest levels since the fourth quarter of 2018. This signals a shift in market dynamics, perhaps indicating increased demand from institutional players or a strategic approach to custody by existing holders. HODL BTC UNTIL YOU ARE RICH!
Bitcoin is experiencing much more demand than new supply. Increased demand and reduced supply will lead to high prices in the future.
Bitcoin is experiencing much more demand than new supply. Increased demand and reduced supply will lead to high prices in the future.
After the recent move to 52k+ prices, some have stated that #Bitcoin's 4-year cycle is now out of the question.
Their proof is the 0.618 cycle correction.
This pullback marks the mid-top of each cycle, a point that is in the middle of the cycle and brings large corrections (40-54%) and periods of sideways movement.
The price has now surpassed it, seemingly ignoring the rules.
What if it's standard? There is a chance that this is the case.
The best way to measure these pullbacks is through the bodies of the weekly candles, which allows us to enable cycle 1.
By doing this, we will find that the cycles always form two major tops above 0.618.
That would make the first one 49k, with the second one in the works.
The amount by which each cycle exceeded 0.618 ranged from 6 to 26%. This cycle is 13.5%.
There was even a weekly candle close in 2016, so our close higher is not unusual.
The cycles haven't gone off the rails yet.
Their proof is the 0.618 cycle correction.
This pullback marks the mid-top of each cycle, a point that is in the middle of the cycle and brings large corrections (40-54%) and periods of sideways movement.
The price has now surpassed it, seemingly ignoring the rules.
What if it's standard? There is a chance that this is the case.
The best way to measure these pullbacks is through the bodies of the weekly candles, which allows us to enable cycle 1.
By doing this, we will find that the cycles always form two major tops above 0.618.
That would make the first one 49k, with the second one in the works.
The amount by which each cycle exceeded 0.618 ranged from 6 to 26%. This cycle is 13.5%.
There was even a weekly candle close in 2016, so our close higher is not unusual.
The cycles haven't gone off the rails yet.
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