19.9K @Osemka8 Kind reminder that this time it's just not gonna be different
Whenever $BTC hit its production cost, a bottoming range formed
The only thing bears can point to is 2018 where it exceeded it briefly. But that move was capitulation move into extreme oversold conditions, while we've already hit those in February.
5 months of accumulation range already
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708.0K @MartiniGuyYT Bitcoin is sitting at the most important level on the chart.
$64,000 has been acting as resistance for days now.
If bulls can finally reclaim it...
I think $65,700 comes into play very quickly.
If they can't...
I still think we revisit the $61,000 region before seeing another serious push higher.
With everything happening in the Middle East, this isn't just a technical market anymore.
Macro is about to decide whether Bitcoin breaks out...
Or gets rejected again.
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60.9K @CryptoPatel $7,800 in Bitcoin Becomes Over $1.1 Billion After 14 Years
A long-term $BTC holder moved a wallet worth more than $1.1 billion in a single transaction after 14 years, showcasing extraordinary conviction and confidence in the network. https://t.co/EUGce9FPW3
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Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.
