Sep 13
π₯³ Bitcoin is within inches of regaining the coveted $60K market value for the first time since falling below back on August 29th. The dynamic duo of mid-term accumulation from sharks & whales, and falling levels of BTC on exchanges, sets the stage for crypto to roll again.
βοΈ Bitcoin and Ethereum mining wallets have seen declining supply held since the first half of 2024. With this latest mild rebound, look for a jump in their combined supplies as a strong signal the next bull run is approaching.
πΊ Bitcoin's recovery has sent crypto trading groups back into a bullish craze. But at the same time, shorts are still mounting on Binance & Bitmex. We talk about this contradiction, and whether top signals could bring this mini rally to a halt! https://www.youtube.com/watch?v=fumLz90xzYs
Sep 12
π₯³ A surge of positive Bitcoin commentary across social media has come in over the past week. So much so that the ratio of positive comments is more than double the amount of negative comments for the first time in over a year.
The crowd's sudden optimism toward crypto's top asset is concerning, as prices traditionally top when this level of FOMO is present. Look for traders to "slow their roll" and start to express FUD again. When the crowd begins conveying doubt again, BTC will truly begin testing its March all-time high market values.
πΊπΈπ The positive US CPI report and various other economic factors have paved the way for the S&P 500 (near ATH) and gold/silver prices (currently at ATH) to flourish. Bitcoin, meanwhile, is moving much more conservatively.
We could see profits from equities markets moving in to buy more cryptocurrency, based on the still intact correlation between the two sectors. π
π§ Altcoins to watch as cryptocurrency continues to enjoy its strong rebound include Decentraland, The Graph, and Aave. Each of these top 100 market caps are seeing significant short ratios on Binance, implying liquidations would lead to big price jumps.
Sep 11
π Despite Bitcoin's slight dip ($57.3K) and Ethereum's bigger dip ($2.3K) over the past week, altcoins have begun to rally once again. Crowd FUD has played a big factor in many of these projects rebounding with little resistance. Top weekly performers include:
π Fellaz $FLZ +23%
π Fantom $FTM +21%
π Fetch $FET +20%
π Dfinity $ICP +15%
π Sui $SUI +15%
π Optimism $OP +15%
π Toncoin $TON +15%
πΊ The US Presidential debate, combined with a positive CPI report, has led to falling crypto markets doing a complete 180. Our latest video covers the highlights from a tumultuous past 24 hours, and what's next!
Sep 10
π³ Bitcoin has reached as high as $58K today, with sentiment among retail traders beginning to look a bit more positive. Wallets with <1 BTC now hold their highest ratio of supply in 7 months.
However, an ideal setup for crypto to rebound back to all-time high levels would involve:
π― <1 BTC holders dropping
π― 1-100 BTC holders steadily growing
π― 100+ BTC holders aggressively accumulating