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- How do you plan your trips: spontaneous or meticulously organized?
- Today I visited park
- Which one do you like best?
- Happy Friday frens 👍
An evening click from here 😍
- Good night Phaver Friends 🫶❤️🫶
- GM from Tarabya, İstanbul☁️🌅🛥️
(iphone 13)
- Colors were back after 🥂🥂🥂
🤣😂💕
- Do you have any interesting habits?
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- 2024 Sees Steepest Weekly Plunge in NFT Sales, 5 Major Blockchains Register Double-Digit LossesIn the span between Jan. 20 to Jan. 27, 2024, there was a notable decline in the sales volume stemming from non-fungible tokens (NFTs), plunging 21.25% from the week before. The leading blockchains in seven-day sales, Ethereum and Bitcoin, experienced substantial decreases, ranging from 28.78% to 12.62%, respectively.
NFT Market Faces Sharp Decline
At the onset of 2024, NFT sales dipped by 1.31%, falling below the last week’s figures of 2023. The subsequent week witnessed a marginal rise in NFT sales, approximately 0.05%, but last week experienced a 5.05% drop in digital collectible sales.
This week marked the steepest decline in 2024, with sales plunging over 21% compared to the previous seven days. According to metrics from cryptoslam.io, the total amounted to $ 228,327,660.
This downturn contrasts with the year-end surge in NFT sales during 2023, largely driven by Bitcoin blockchain-based NFT transactions. In November and December of 2023, Bitcoin’s NFT sales dominated, continuing to lead in the first week of January 2024.
However, recent weeks have shown a shift, with Ethereum reclaiming its position as the frontrunner in NFT sales volume. Over the past seven days, Ethereum’s NFT sales amounted to $ 74.97 million, marking a 28.78% decrease from the previous week
Meanwhile, Bitcoin experienced a 12.62% week-over-week drop, with $ 55.92 million in sales over the same seven-day period. Solana secured the third rank, recording $ 53.69 million in sales, which is a decrease of 11.85%.
Polygon’s NFT sales claimed the fourth position, amounting to $ 15.66 million, yet experienced a 36.40% drop. In the fifth spot, Avalanche garnered $ 7.98 million in sales, with a notable 41.25% decline in its NFT market.
All five of the top blockchains leading the week’s sales saw double-digit losses. Among the top ten this week, Ronin, notably the blockchain supporting Axie Infinity, witnessed a significant 209.09% surge, achieving $ 1.76 million in NFT sales.
High-Ranking NFT Collections and Top Sales
In the realm of unique digital collectible collections, the Cryptopunks series clinched the highest position in sales this week. Cryptopunks amassed $ 13.67 million in sales during the past seven days, marking an increase of 32.23% from the previous week.
Bitcoin’s Uncategorized Ordinals experienced $ 9 million in sales, witnessing a 3.75% decline from the week prior. In the third spot, Solana’s Froganas reported $ 7.04 million in sales, a significant increase of 420.77% compared to last week.
Occupying the fourth rank, Solana’s Cryptoundeads achieved $ 6.75 million in sales, yet faced a 58.82% decrease. In the fifth position, Avalanche’s Dokyo NFT collection registered $ 5.85 million in sales, experiencing a 33.70% drop in sales volume from the previous week.
The past week’s highest-priced digital collectible was Cryptopunk #6,940, fetching $ 507,618 seven days ago. BNB’s Lockdealnft #18,858 realized a sale of $ 147,157 four days ago, while an Axie Infinity NFT commanded a price of $ 143,559 this week.
An Uncategorized Ordinal was acquired for $ 88,386, and a Cardano’s Meld Diamond Hand #2,813 went for $ 56,186. The sales of Cryptopunk #6,940 and the Axie Infinity NFT contributed significantly to the sales boost on their respective chains.
Sales of blockchain-based digital collectibles faced a challenging period throughout 2022, and most of 2023 also witnessed a downturn in NFT sales until the year’s end. Bitcoin’s entry into the NFT sales arena initially boosted overall sales, but BTC-focused NFT sales not only decreased this week but also experienced a 28.15% drop the week before.
NFTs based on Solana and Polygon showed an increase in the latter part of 2023, yet they have recently encountered modest falls in their overall digital collectible sales volume. Whether this downward trend in NFT sales continues or a resurgence occurs remains to be seen.
- İzmir Karşıyaka'dan bir fotoğraf.
Bulutlar ve kayıklar.
- Remember;
"As long as you hope, you are free. He who loses hope dies while living."
- Morpeko harapekomoyou 💜
- 🥰
- GM GM frens 😍🕊️
I feel happy 'cause the weather gets better 🌞
- I've been playing PAL WORLD a lot recently~ 💖 It's super fun, nya~! 🥹🎮
ずっとパルワールドやってるー
- GM GM Frens! 💜
Phaver / Lens is officially Crypto Project of the Year 🎉
A big thank you to everyone who supported us, as we faced off with projects like Pudgy Penguins, Solana, Avalanche, and our worthy challenger, ThorChain. 🫡
If you voted for us in any of the rounds using a Coinage, good news: You're whitelisted for a special Phaver-connectable Distinguished Voter: Crypto Project of the Year Voter SBT. 👑
Mint it here 👉 https://galxe.com/phaver/campaign/GCSNZtwJiV & connect to your Phaver profile for some extra Cred + Points.⚡️ 🔥
And a heads-up to the entire Coinage Community: If you have any of the membership pass tiers, connect it to Phaver, you'll continue earning 2X points on it for two more weeks.
Keep Phavering! 🦄
- Watching the sunrise on the roof with a view of the rising hot air balloons ☺️
- Good morning ☺️ I love fruit with toast 🤷♀️
- Bitcoin Setting Up for Price Explosion if Pattern Plays Out, According to Glassnode Founders – Here’s Their TargetThe co-founders of the crypto analytics firm Glassnode think Bitcoin (BTC) could be primed for a parabolic rise if the top digital asset repeats a particular pattern.
Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, draw attention to the quote “History doesn’t repeat itself, but it often rhymes,” which is often attributed to Mark Twain.
According to Happel and Allemann, Bitcoin looks poised to replicate a pattern witnessed during the last two bull markets as BTC creates a bull flag in the weekly chart.
“BTC has moved to the 6.618 Fibonacci extension after a bull flag correction. We are currently in a small correction like in late 2017 and late 2020.
Will history rhyme in 2024 – and BTC move to its 6.618 Fib extension in this bull market? That would give us a target of ~$ 120,000. Time will tell!”
Traders use Fibonacci extensions in technical analysis to estimate profit targets and price pullbacks. They are based on Fibonacci ratios.
Bitcoin is trading at $ 40,021 at time of writing. The top-ranked crypto asset by market cap is down about 3% in the past 24 hours.
The Glassnode co-founders also appear bullish on equities.
“Trend following is a strong investment strategy! Ask yourself: ‘Why am I bearish equities in current technical setup?’ Nasdaq has just surpassed former all-time highs. It is above its three-month SMA [simple moving average] and its 12-month SMA. And [its] three-month SMA is above [its] 12-month SMA.
RSI (Relative Strength Index) is at 66 (= strong momentum). MACD (moving average convergence divergence) is bullish and rising.
The RSI measures the price momentum of an asset on a scale of 0 to 100. A level of 30 and below indicates oversold conditions, while a reading of 70 and above suggests overbought conditions.
Meanwhile, the MACD is traditionally used to spot trend reversals and confirm trends
- For the first time in my life I saw a turtle lay eggs. I was told that it was very rare (to see this) and that I was lucky. 🐢
- ETHEREUM INFRASTRUCTURE FIRM NETHERMIND RESOLVES CRITICAL BUGS IN ITS EXECUTION CLIENTNethermind, an Ethereum infrastructure firm, has successfully addressed a critical bug in its execution client, which had caused some users to encounter issues while processing blocks on the Ethereum network.
The incident underscores the significance of diversifying Ethereum clients, reducing reliance on the predominant client, Geth.
Critical bug fixed in Nethermind Ethereum client
Nethermind, a relatively minor Ethereum client, has recently rectified a “critical” bug that affected several versions of its execution client. The bug, which was introduced in version 1.23.0, led to users failing to process blocks on the Ethereum network.
Nethermind’s co-chief technology officer, Daniel Cadela, confirmed that versions 1.23 to 1.25 were impacted by this issue and promptly urged node validators to update to the latest version, 1.25.2. In his follow-up statement, Cadela emphasized the severity of the bug.
The issue was initially reported by a GitHub user, “wga22,” who encountered problems with their Nethermind execution client not processing blocks. Nethermind’s technical lead, Lukasz Rozmej, promptly initiated an investigation into the issue, leading to the release of version 1.25.2 approximately 2.5 hours later.Ethereum community stresses the need for client diversity
While this bug incident primarily affected Nethermind users, it has reignited discussions within the Ethereum community regarding the importance of diversifying Ethereum clients. Currently, the majority of Ethereum users rely on the Geth client, which accounts for 84% of execution clients on the network.
Some members of the community argue that a more diverse client ecosystem would mitigate risks associated with potential bugs or vulnerabilities.
Ethereum advocates Superphiz initially downplayed the situation, deeming it “no big deal” as long as the consensus issue only impacted minority clients. Superphiz highlighted the deliberate design choice of Ethereum not to rely on any single point of failure. However, other community members emphasized the potential consequences if such a bug were to affect Geth.
“Today’s beacon chain hiccup has once again highlighted the importance of Ethereum client diversity,” explained Ethereum advocate “daddysether” in a post on January 21. They encouraged users to switch to minority clients to enhance Ethereum’s security.
Currently, Nethermind accounts for only 8.2% of execution clients on the Ethereum network, according to available data. However, in a screenshot shared by Ethereum enthusiast Anthony Sassano in August, execution client diversity appeared healthier, with Geth and Nethermind representing 48% and 26% of execution clients, respectively. Sassano praised client diversity as one of Ethereum’s significant achievements.
Growing concerns about over-reliance on Geth
The increasing reliance on the Geth client has raised concerns among some Ethereum community members. Ethereum advocate “marceaueth” expressed their view that running Geth entails taking on disproportionate risk, despite acknowledging its quality.
The sentiment within the community is shifting toward a more balanced client ecosystem to ensure the network’s resilience in the face of potential issues.
- Visited a cute fruit cafe with friends! We giggled and had a blast together, it was so much fun! 🍓🍇🍰
75134321944281434185
- "Beauty is not in the face; beauty is a light in the heart." 🌈🧡💫🌼🌿
- Good morning 🌺 Happy Sunday, happy holidays
- MARK SCOTT FACES A POSSIBLE 17-YEAR SENTENCE FOR ONECOIN MONEY LAUNDERING
In a recent development, Mark Scott, a lawyer convicted of money laundering through the infamous OneCoin cryptocurrency scheme, is facing the possibility of a substantial prison sentence. The United States Attorney’s Office has recommended a minimum 17-year prison term, while Scott’s legal team proposed a considerably shorter five-year sentence.
This divergence in sentencing proposals underscores the gravity of Scott’s actions and raises questions about the appropriate punishment for his involvement in the fraudulent scheme.
Prosecutors push for a 17-year sentence
U.S. Attorney Damian Williams has made a strong case for a minimum 17-year sentence for Mark Scott, citing the severity of his crimes. Scott’s role in laundering millions of dollars through OneCoin, a cryptocurrency scheme founded by Ruja Ignatova and Karl Sebastian Greenwood in 2014, has been described as “abhorrent” by prosecutors. According to their allegations, Scott knowingly engaged in criminal conduct and showed no remorse.
Prosecutors argue that Scott was fully aware that OneCoin was a fraudulent scheme, yet he actively participated in laundering funds for Ignatova, also known as the “Cryptoqueen.” They contend that Scott repeatedly lied and falsified documents about his involvement with the firm and Ignatova. Furthermore, they claim that Scott used his status as an attorney to shield his illegal communications with Ignatova from law enforcement.
In their filing, prosecutors emphasize the need for a stringent sentence to serve as a deterrent against money laundering activities. They assert that individuals like Scott, who play pivotal roles in such schemes from a safe distance, are critical to the success of fraudulent operations like OneCoin. A lengthy prison term, they argue, is necessary to prevent similar schemes from thriving in the future.
Mark Scott’s legal team proposes a five-year sentence
In contrast to the prosecution’s recommendation, Mark Scott’s legal team has proposed a significantly shorter prison sentence of five years. Their proposal raises questions about the appropriate punishment for Scott’s crimes, especially considering the stark contrast with the prosecution’s stance.
While the defense has argued for a more lenient sentence, it is crucial to note that Scott was convicted of conspiracy to commit bank fraud and conspiracy to commit money laundering in November 2019. The severity of these charges and the extent of his involvement in the OneCoin scheme have contributed to the prosecution’s call for a much longer prison term.
Implications of the sentencing discrepancy
The marked difference between the sentencing proposals from the prosecution and the defense highlights the complexity of the case against Mark Scott. It also underscores the broader issue of determining appropriate penalties for individuals involved in financial crimes, particularly cryptocurrency-related and fraudulent schemes.
The outcome of this case may set a precedent for future legal actions against individuals involved in similar financial frauds. It raises questions about the effectiveness of deterrent sentences in curbing such activities and the role of legal professionals in aiding and abetting financial crimes.
- Good evening, as can be understood from the post ☺️ lens.hilalerdogan. Thank you 🥰
- GM GM frens ✈️
Leaving Mersin today, heading to Istanbul 😍 sunrise 📷byme
- Good morning fam 🤗🤗
That's my morning view
Have an amazing weekend 😍
- Gn 💤
- Gm from Florida 😊😍
Have a nice day fam 🤗
- RIPPLE CEO EXPRESSES OPTIMISM FOR BITCOIN ETFS AMID REGULATORY CHALLENGES
In a recent interview with Fox Business, Ripple CEO Brad Garlinghouse shared his optimism regarding the recent approval of Bitcoin Exchange-Traded Funds (ETFs) by the United States Securities and Exchange Commission (SEC).
The approval of these ETFs marks a significant milestone for the cryptocurrency market, allowing investors to gain exposure to Bitcoin without the complexities of direct ownership. Garlinghouse’s remarks come when Bitcoin ETFs have rapidly gained popularity, surpassing Silver to become the second-largest commodity ETF within a week of their launch.
Bitcoin ETFs gain traction
On January 10, 2024, the SEC gave its green light to 11 spot Bitcoin ETF applications, a move hailed by many as a crucial step in the mainstream adoption of cryptocurrencies. These ETFs enable investors to participate in the Bitcoin market without managing cryptographic keys or directly navigating the intricacies of owning digital assets.
As of the time of writing, Bitcoin’s price stands at $ 40,867, reflecting the growing interest and demand for digital currencies among investors worldwide. Garlinghouse emphasizes the significance of this development, particularly as Bitcoin ETFs have quickly risen to become a substantial part of the commodity ETF market, with Gold maintaining its position as the top commodity ETF with approximately $ 95 billion in assets.
Brad Garlinghouse also stressed the crypto industry’s commitment to adhering to regulatory guidelines, highlighting that most participants actively work to comply with legal and regulatory frameworks. He points out that countries like Japan, the UK, and Switzerland, each with robust economies, are establishing clear regulatory frameworks to provide guidance and oversight for cryptocurrency
Garlinghouse’s critique of US regulators
Despite his optimism for the crypto industry’s future, Garlinghouse has not hesitated to express his criticisms of US government regulators, particularly in the context of the Bitcoin ETF approval process. This is not the first time he has spoken out against regulators.
In October 2023, Garlinghouse strongly criticized former SEC Chair Jay Clayton for commenting on the SEC’s approach to crypto legislation. Clayton stated,
“When you have the power of the state, you’re supposed to only bring cases and make rules that you think are going to pass judicial muster.”
Garlinghouse’s remarks suggest his concerns about what he perceives as regulatory overreach and a lack of alignment with public interests within the US regulatory landscape. He contends that these technologies are becoming increasingly integral to the global financial system and should be nurtured rather than stifled by excessive regulation.
Brad Garlinghouse’s critiques of US regulators underscore the importance of global coordination and cooperation in the cryptocurrency space.
While the US plays a significant role in the industry, the decentralized nature of cryptocurrencies necessitates a collaborative effort among nations to establish consistent and effective regulatory frameworks. Garlinghouse’s comments highlight the need for regulators to balance fostering innovation and ensuring investor protection.
- The goal is simple;
"Being better than yesterday"
- BITCOIN MINERS SELL OVER 10,000 BTC IN A SINGLE DAY; RESERVES HIT YEARLY LOWBitcoin miners have registered a significant drop in their reserves, selling more than 10,000 BTC in a single day on January 17th. This marks the largest daily decline in miner reserves in over a year, according to data from on-chain analytics provider CryptoQuant. The decline amounts to approximately $ 450 million at current Bitcoin prices.
The data indicates that Bitcoin miner reserves have been at their lowest levels since July 2021, at 1.83 million coins. Despite this decline, these reserves are still substantial, valued at approximately $ 78 billion. Over the past 12 months, BTC miner reserves have decreased by 22,800 BTC. However, the total reserve figure has been relatively stable since early 2021.
Phases of accumulation and selling
Bitcoin miners typically go through phases of accumulation and selling based on the cryptocurrency’s price and profitability. A 2023 Bitfinex report highlights that miners started accumulating Bitcoin around mid-2023 when prices and profitability were lower.
However, as prices and profitability increased, miners shifted their focus to selling, especially in recent months. This shift is often seen as a way to replenish cash flow or capitalize on higher prices during a rally.
Bitcoin price and miner behavior
The price of Bitcoin has remained within the range of $ 42,000 to $ 43,000 in recent days. This stability in the price range aligns with the historical behavior of miners selling their coins. They take advantage of price peaks to maximize profits or cover operational costs.
On January 15th, the Bitcoin Miners’ Position Index (MPI) began to tick up, signaling that potential selling activities were on the horizon, according to CryptoQuant. The MPI is calculated as the ratio of total miner outflow to its one-year moving average of total miner outflow. It provides valuable insights into the intentions of miners and their market behavior.
Market impact and investor sentiment
The significant sell-off by Bitcoin miners could potentially impact market dynamics and investor sentiment. As miners hold a substantial portion of the total Bitcoin supply, their actions can influence the overall supply and demand dynamics, affecting prices.
Investors and cryptocurrency market traders will closely monitor the situation, as sudden increases in selling pressure can lead to price volatility. The recent decline in miner reserves raises questions about their outlook on Bitcoin’s short- and medium-term price.
- Whale Watch — $ 2 Billion in Bitcoin Awakens, Shifting From Long-Term Hibernation
Arkham Intelligence reports that approximately $ 2 billion worth of bitcoin, stored in five distinct addresses, experienced movement on Jan. 16, 2024, for the first time since their initial deposit in 2019. Each of these addresses obtained their funds from wallets established on Jan. 15, 2019, following a period of inactivity since 2013, when the bitcoins were initially dormant.
$ 2 Billion in Dormant Funds Relocated, Originating from 2013
According to a social media update from the blockchain analytics company Arkham Intelligence, there’s been some recent activity involving vintage bitcoins moving within the network on Jan. 16, 2024. “$ 2 billion of dormant bitcoin moved just before U.S. market open today, across several linked addresses,” Arkham detailed. “The [bitcoin] had moved once in 2019, and before that had been dormant since 2013.”
The analytics firm added:
Historically these bitcoins have all moved at the same times and dates. They were consolidated today from 49 addresses into 5 new addresses, each now holding between 8K-12K BTC ($ 380M-$ 480M per address).
The initial address, labeled “bc1q9,” contains 9,953 BTC, valued at approximately $ 423.59 million. Similarly, the second wallet, beginning with the same initial five alpha-numeric characters “bc1q9,” comprises 10,486 BTC, equating to about $ 447.19 million, based on current exchange rates. The third wallet, identified as “bc1qn,” controls a stash of 9,445 BTC, valued at $ 402.80 million as of Wednesday afternoon
The fourth wallet, “bc1qs,” contains 8,859 BTC, equivalent to $ 377.80 million, while the fifth address mentioned in Arkham’s update, “bc1qg,” secures 11,115 BTC, amounting to $ 474.01 million. The origins of these funds trace back to addresses established on Jan. 15, 2019, and prior to that, they originated from wallets dating back to mid-November 2013. As is common with significant movements of vintage BTC by whales, the motives behind these transactions remain a mystery
- Bitcoin Technical Analysis: BTC Balances Above $ 42,000 Amidst Downtrend Signals
Bitcoin has been holding steady above the $ 42K zone and over the past hour, the leading crypto asset has changed hands for $ 42,425 to $ 42,597 on Wednesday morning around 9:30 a.m. Eastern Time. The digital currency’s market valuation on Jan. 17, 2024, is around $ 835 billion with $ 25.65 billion in global trades over the past day.
Bitcoin
Bitcoin’s 1-hour chart presents a scene of consolidation, with BTC’s price movements showing less directionality compared to longer timeframes. Notably, there was a sharp decline to approximately $ 42,056, possibly indicating a purge of stop-loss orders or a brief panic sell-off following the spot bitcoin exchange-traded fund (ETF) approvals. However, the market swiftly recovered from this dip.
The 4-hour chart paints a clearer picture of a downtrend, characterized by lower highs and lower lows. The volume on downswings was notably higher, suggesting stronger selling pressure. Resistance has formed near the $ 45,000 level, which had previously acted as support. The path of least resistance on Wednesday is clearly the downside as the market still has bearish undertones.
The daily chart reinforces the longer-term downtrend observed in the 4-hour analysis. A significant long-term support area is holding around $ 36,727, a level from which the price had previously bounced back considerably. The current price action was confined within a range between this support and the approximate $ 45K resistance level. For long-term positions, entry points might be considered near the bottom of this range, with confirmation of support holding.
Bitcoin’s oscillators on Jan. 17, 2024, presented a predominantly neutral stance. The relative strength index (RSI) stood at 47, the Stochastic at 17, and the commodity channel index (CCI) at -61, all indicating neutrality. However, the momentum indicator at -1365 and the moving average convergence/divergence (MACD) level at 83 suggests a bearish undertone to the overall neutral outlook.
Bitcoin’s moving averages (MAs) also provide mixed signals. Shorter-term exponential moving averages (EMAs) and simple moving averages (SMAs) for 10, 20, and 30 days indicate negative sentiment, while longer-term averages for 50, 100, and 200 days suggest the bullish sentiment is still strong. This disparity highlighted a tension between immediate bearish trends and a potential bullish undercurrent in the longer term.
Bull Verdict:
Despite the mixed signals and short-term bearish trends, the long-term outlook for BTC remains positive. The resilience shown at major support levels, coupled with the buying interest reflected in the longer-term moving averages, suggests a potential upward trajectory. Investors with a long-term perspective may find this an opportune moment to consider entry, as the market could be gearing up for a bullish reversal.
Bear Verdict:
The bearish indicators dominating the short-term charts point to an ongoing downtrend for bitcoin. The lower highs and lower lows, particularly evident in the 4-hour chart, coupled with stronger selling pressure and bearish oscillator readings, suggest that the market could continue to face downward pressure. Short-term traders might find opportunities in short positions, capitalizing on pullbacks and resistance levels.
- It feel very nice to see my storyteller Artist role have been upgraded to level 2in the Monniverse. Thank you phaver and phaver lagoon community speciall thank you mam @lens/cmn__
Keep bubbling and keep phavering
@lens/qamar @lens/imrankhan1 @lens/btccash
https://opensea.io/assets/matic/0x7ef423b6e5e6e0091029cddd2c9e1cc3211e9203/20
- What's a small, everyday moment that brings you happiness? 🙂
- Crypto Market Overview 📊
- Gm Frens 🌺
What would you like to say on this common piece of Art 🎨?
I think what goes around comes around ✍️
- Top Trader Who Caught 2023 Crypto Breakout Lays Out Bitcoin (BTC) Path to $ 90,000
A crypto trader who accurately called Bitcoin’s 2022 market bottom is laying out a roadmap for BTC to reach a price tag of $ 90,000.
In a new strategy session, top crypto analyst DonAlt tells his 56,400 YouTube subscribers that in a bullish scenario following the approval of spot market Bitcoin exchange-traded funds (ETFs), BTC will not look back and go straight toward resistance at $ 60,000.
DonAlt says BTC will likely witness a corrective move after hitting $ 60,000 and notes that the correction will likely be quick and aggressive. Following the pullback, DonAlt predicts a subsequent rally that will push BTC to as high as $ 90,000.
“The positive interpretation [of the BTC ETF approvals]: we go to $ 60,000. I think in general that would get a bunch of people very hyped up. It’s an old resistance level that’s been tested twice before.
So I could see a lot of people be in the camp that, ‘Hey, we tested this a bunch of times before, we’re going to break out,’ and disrespect it and go into it with leverage… Bitcoin would be at that point quite far extended. So I could see that be a nice pullback area.
If you go straight up, I think $ 60,000 would be a really good resistance… I think that pullback would be quite aggressive, quite quick and one that you absolutely should be buying…
If we hit $ 60,000, any pullback that you get should be a buy because at that point, we have tested $ 60,000 three times. I think then on the next test it wouldn’t hold and then you would go to $ 70,000, $ 80,000 [or] $ 90,000.”
In a bearish scenario, DonAlt sees Bitcoin plunging to its high time frame support at around $ 35,000 in the coming months.
“Now that the ETF is through, we can finally start considering levels on the chart again. I’m still on break but if we either retest ~$ 35,000 or $ 45,000 (after a move-up) in the next three months, I could be convinced to get active again. Straight up and I’d have to wait a bit longer.”
- FACTS IN THE WILD (2) 🌿🍀
THE WEAVER BIRD NEST
These black and yellow birds, Ploceus Philippinus, bear this name of Weaver bird -or Weaver- thanks to the incredible nest that they make: it is a sort of ball made of filaments torn from large leaves woven together, whose entrance is on the bottom to protect itself from predators. It takes 18 days and more than 500 trips for this little yellow bird to weave this nuptial chamber. The male alone accomplishes this task, in order to then seduce a female. The nest is made 100% made with the beak.
That's some sort of preparation for marriage in the animal kingdom 😂
📸 Feddaoui Moncef
- Good morning, the weather looks nice but it's very cold ❄️❄️
- I made my own bag! How is it? I think I did pretty well 👜💙
My 推しバッグ🥹🫶🏻💙
- Happy weekend my dear fam,have an awesome time 🤗🤗
- Let's take a deep breath amidst the Bitcoin dip from $ 49k to $ 41k. Remember the incredible journey from $ 15,400 to $ 49k? Corrections are natural. Institutions may try to shake us, but patience is our power.
Hold firm, crypto enthusiasts! The next 12-18 months are poised for greatness, creating a wave of new millionaires. Stay steadfast in the crypto game! 🚀 #CryptoJourney #HodlStrong #BitcoinWisdom
- Rocking my favorite hoodie with bunny ears! It's so fluffy and keeping me cozy as my loungewear. 🐰💖
Good Night 🥹💤
#pior'sRoom
ウサ耳部屋着でぬくぬくおやすみ😴💕
- 247% Bitcoin Price Explosion Incoming, Says Rich Dad Poor Dad Author – Here’s His OutlookRobert Kiyosaki predicts a six-figure price for Bitcoin (BTC) as regulators green light a series of spot exchange-traded funds (ETF) in the US.
Kiyosaki tells his 2.5 million followers on the social media platform X that he believes Bitcoin will skyrocket by 247% from its current level of $ 43,133 at time of publishing.
The Rich Dad Poor Dad author believes it will not take long for BTC to hit his big price target.
“BITCOIN ETF. Yay! Glad I bought years ago. Bitcoin to $ 150,000 soon. Gold to the moon as central banks buy, store, and never sell. Silver to crash as silver stackers sell to pay bills, caused by rising inflation. Great news for silver stackers. Time to buy more as silver crashes.
It’s all good news except for losers who save fake fiat US dollars. I will be buying more gold, silver and Bitcoin with fake dollars.”
The Rich Dad Poor Dad author further says that he has acquired additional Bitcoin worth nearly $ 230,000 at the current market rate, owing to concerns over inflation in the US.
“INFLATION or DEFLATION? What if the PhDs at the White House, the U.S. Treasury and the Federal Reserve put the economy into HYPERINFLATION? I hope not… but what if our leaders f**ck up, the dollar collapses and we have HYPERINFLATION?
That’s why I bought five more Bitcoin today. What are you going to do? Trust yourself, not our leaders. They’re losers with PhDs.”
Bitcoin is trading at $ 42,635 at time of writing.
- Bitcoin Technical Analysis: BTC in Consolidation Phase as Upper Resistance StrengthensThe leading cryptocurrency, bitcoin, has remained within a limited price range since yesterday. This followed yesterday’s quick surge to the $ 49K level, which then declined in the early trading hours of Thursday. Although there was a transient increase to the $ 47K mark, the value has stayed under the $ 46K threshold since that point. Notably, there has been minimal market movement and volume recorded at 8:00 a.m. Eastern Time on Friday morning.
Bitcoin
On the 1-hour chart, bitcoin (BTC) exhibited a dramatic surge, touching a peak of approximately $ 49,048 on Jan. 11, 2024, indicative of a strong buying interest or a response to yesterday’s ETF listing news. This spike was followed by a swift decline, with the price finding support near $ 44,304. The current trend shows a downward trajectory in a tight range, potentially signaling a phase of consolidation following the earlier substantial movement.
Bitcoin’s 4-hour chart offers a broader perspective, depicting a period of consolidation preceding the spike and subsequent formation of lower highs, a classic indication of a downtrend in this timeframe. Notably, a much firmer support level around $ 41,454 emerges as crucial, previously acting as a springboard for price rebounds. At press time, the price of BTC is coasting along at $ 45,745 per unit at 9:00 a.m. Eastern Time on Friday.
Interestingly, an analysis of the 4-hour chart shows a rising consolidation pattern, where the price of bitcoin is steadily nearing the $ 48K resistance level. This trend suggests a finely balanced tug-of-war between buyers and sellers. An ascending flag formation is becoming evident, with its top border coinciding with the critical $ 48K resistance. Meanwhile, the path of least resistance appears to be on the downside.
The daily chart strips away the ‘noise’ of shorter timeframes, presenting a clear uptrend from the previous Nov. 21, 2023 low of around $ 35,561. However, this ascent is not without its volatility, as evidenced at the current levels. The $ 49,048 mark from Jan. 11, 2024, stands as a formidable short-term resistance, challenging the currency’s upward momentum.
Oscillator analysis further enriches our understanding. The relative strength index (RSI) and Stochastic present a neutral to bearish stance at 59 and 68, respectively. However, the commodity channel index at 105 suggests more bearish action is in the cards, while the moving average convergence/divergence (MACD) level at 1,113 leans toward bullish optimism, displaying the multifaceted nature of market sentiment.
Moving averages (MAs) paint a bullish picture as well, with both exponential moving averages (EMAs) and simple moving averages (SMAs) across various periods (10, 20, 30, 50, 100, 200-day) unanimously indicating positive market sentiment. This consistency across time frames emphasizes a strong underlying bullish sentiment in the market, albeit juxtaposed against the backdrop of the oscillators’ mixed signals.
Bull Verdict:
In conclusion, the bull verdict for bitcoin’s performance on January 12, 2024, is decidedly optimistic. The consistent bullish signals from moving averages across multiple timeframes, coupled with the ascending consolidation pattern on the 4-hour chart, point towards a strong underlying bullish momentum. Despite some resistance encountered at the $ 49,048 mark, the overall trend suggests a robust buying interest that could potentially propel the price to new heights.
Bear Verdict:
Conversely, the bear verdict paints a more cautious picture for BTC prices. The observed lower highs on the 4-hour chart, combined with the mixed signals from oscillators, suggest an underlying market uncertainty. The resistance level at $ 49,048 appears formidable, potentially signaling a ceiling for the current uptrend. Furthermore, the consolidation phase and the delicate balance between buyers and sellers indicate a market that could be primed for a downturn.