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With post halving BTC costs around 53k/coin, it should be a resistance from dropping below. Of coarse reality says it can go lower and has in the past. It would then take debt to keep mining, go out of business is possible, and becoming more efficient or move to an area with cheaper electrical rates is another way. Faster and less power consuming chips will s another way.
You’re welcome and Best to You Buddy!
You make total sense Amigo!
With the cost too mine a single BTC at 60k, I don't see it going below, and if by some miracle it does, it won't be by much and not for long.
Chinas' ETF's starting off around 62,000 (and / or even around THESE levels), would give them a fairly nice start.....
If their response to them is "tepid" (which doesn't seem likely), then this decline's still got quite a long ways to go.
If their response to them is "tepid" , then this just keeps TANKING !
HK ETF
BTCUSD
I've been looking for an entry point to gain exposure to bitcoin. I keep technical analysis very simple, using only supply and demand with Volume to guide my entries.
The daily timeframe chart shows BTCUSD to be in a range. There is some recent selling pressure as of Apr 12th and 13th this year with the overall volume quite low. So, I would need to see clear demand before entering long. Without this demand, price should go below $60,000. I'm really looking forward to seeing what happens as crypto is an exciting space to be in.
Youre speling is god lolloloooloooll bawaba
"Take your stupid charts and shove 'em up your ass !"
Oh yeah - That's was a good one too
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174228241
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ha-ha-ha-ha !.......LoL
Such a bunch of lilly-warts !
April 12th . . . . . (locate IT in chart above) . . . .
Plus.....What ELSE were we posting on that day ?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174229365
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174229027
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174228676
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174227689
Rates are not high!!
JP is run by sleepy Joe and Co. they are idiots so its blind leading the blind. BR is no one friend, they did ETFs to make money and could care less about crypto or BTC. they will pump and dump at will through ETFS or short the daylights out of anything that moves if needed. the more BR and Saylor types have BTC, the less stable it will become, your putting too much power into too few people, thats not how value works. thats why every country in the world, that is smart, is buying gold. it never losses it value, and will never go away when the power goes off, its timeless, and roads paved with gold will cover some of the earth after all said and done. God made gold to last forever, decent man made BTC, Circus clowns pump it, and Godless men control it.
I wonder how much Black rock paid Jerome Powell to keep interest rates high.
BTC ETFs cooling, although that should not matter according to all the crypto experts, halving is everything. of course its never before and soft right after, halving affect has not really begun yet. China buying gold at record pace, its people and gov.
https://www.gold.org/goldhub/gold-focus/2024/04/chinas-gold-market-march-official-gold-reserves-rose-further-wholesale
https://cointelegraph.com/news/china-hong-kong-bitcoin-etfs-halving-btc-price-rally
ETFs COOLING OFF 🏦
BREAKING: Bitcoin price holds steady amid spot BTC ETF outflows
ETF
What’s going on with Bitcoin?
Over the last month, it’s done a whole lotta nothin’.
One explanation is the declining investor interest in the Bitcoin ETFs.
Last week was a rough one…
The ETFs saw -$328 million in net outflows.
But this time Grayscale wasn’t responsible for all outflows (it was still the majority though).
Last week saw outflows from Fidelity, Bitwise, Ark Invest, Galaxy & Valkyrie.
Flow summary below:
ETF flows
Last week also saw BlackRock’s inflow streak come to an end. 😭
(no outflows yet, touch wood)
BlackRock’s streak officially ended at 71 days in a row.
ETF analyst Eric Balchunas mentions that this absolutely smashed the record for a new launch.
And just to put things into context…
The Gold ETF had an amazing launch, but its inflow streak out of the gate was only 3 days.
ibit inflow streak
And even though BlackRocks inflow streak came to an end, they aren’t done setting records.
Take a look at the chart below posted by Eric Balchunas.
The amount of assets after 72 days is ridiculous.
BlackRock and Fidelity are so far ahead of every other ETF it’s not even funny.
EB tweet
Even though sentiment has turned bearish (short-term only), the Bitcoin ETFs have been incredibly successful so far.
Despite the hype and interest cooling off over the past month, we’re still within striking distance of Bitcoin’s all-time high. 🐍
That’s the main takeaway. 💪
If you look at the month chart it looks like this could easily tank $20,000 very soon. But can you actually even go by that chart anymore since it halved? That chart is based on pre halving. So I think a new chart from the point of the halving may be more accurate.
BITCOIN LITECOIN Year Of The Cat $75,000 TARGET
BITCOIN LITECOIN Cat Stevens MORNING HAS BROKEN ☀️ 🐋 $75,000 TARGET
Told you that head and shoulders pattern was looming on that trend line. And look what just happened.
Crypto just died.
EFFECTIVE TUESDAY, DTC TO ASSIGN 100% HAIRCUT TO ALL CRYPTOCURRENCY INVESTMENTS⚠️
— M.B. (@741trey) April 26, 2024
FIRMS WILL NO LONGER BE ABLE TO UTILIZE CRYPTO AS COLLATERAL, INCLUDING ETFS AND OTHER SPOT PRODUCTS. pic.twitter.com/gRfbdG8ZYm
Colloquial T.A.....and / or....Mob Behavoiur Analysis
That'll be the line (and zone) of almost certain pure death........(if both of them give way)
Not even the 62 would hold.......Altho, actually no - it COULD.......It'd generate a REAL BIG Performance down there.
So it's not REALLY The Line Of Almost Certain Pure Death.....
It's just.......The Line Of Whether Or Not The 62 Gets Revisited
.../..With considerably negative "implications"
.
One or the other
Watching closely right now. There is also a head and shoulders pattern leading into that trend line touch. NE or the other is about to play out.
The worst thing that could have happened to Bitcoin is the black rock etf. Now the price will be manipulated down always until they accumulate most of the bitcoin.
BITCOIN LITECOIN Rolling Stone - Gimme Shelter
Now We See Y YoWifey Filed the BigD another Looser in Basement , no windows
BITCOIN Charlie Lee still running Litecoin he considers Bitcoin and Litecoin gold & silver he is Satoshi🤔 🐋
Yes, (once again), welcome to The (my) Bitcoin 64,000 Level !.......
Where, absolute BOATLOADS of excitement just rages on !
I mean.......You just can't BUY no Price Action like THIS !
Yo !.....Yo !........Wa !.....Wa !.....Wee !.......Wee !
Catch a crypto by the toe !.........If it hollers, let it go !
64000
Maybe he’s eating a Wawa hoagie🤣😂🤣 BITCOIN 🥄 LITECOIN ⚡️⚡️ the spoon is silver
Wait, what, huh ?........Wawaweewa ?........What does THAT mean ?
And what's up with the (your) daveadvfn 1st post ever ?
.
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Early Thursday morn.
Anyways,
I guess all THIS is what I meant when I said and or wrote ;
Won't you come join us as we venture towards excitment ?
.
HEADED DOWN TO 20K SUCKERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!GLOBALDUMP AND RECESSION HAS STARTED!!!!!!!!!!!!!!!! IT'S OVERLEMONS!!!!!!!!!!!!!!!!!!! MUA AH AHA HA AH AHA!!!!!!!!!!!!!!!!!!!!!!!!!!!
CRAPCOIN JUST TOOK A CRAP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! MU AHA HA HA AHA H!!!!!!!!!!!!!!!!!!!!!!!!!!!
Oh look everyone !.........It's now time for our next adventure !
Won't you come join us as we venture towards excitment ?
As we venture towards our next achievment ?.....
Oh but first let us not forget all of the past ones !
For perhaps we should first revisit a whole bunch of them first before we start talking about 65,000
Yes,
Please stay tuned as we start to delve into all that but for now we'd best get some more sleep !
Take Care
BITCOIN SHIBA burning, now BONK is burning WOW! That’s huge $75,000 TARGET
BITCOIN LITECOIN Morgan Wallen Up Down Florida Georgia Line $75,000 TARGET
I love Coinbase WOOHOOOOOO BITCOIN to the SAFEMOONCASH $75,000 TARGET
Sure are a ton of articles in the last two days about how it's all getting ready to crash. I wonder if black rock is paying them to write those articles. I'm now starting to do the opposite of what articles say and it's been working. Let's see what happens.
BITCOIN LITECOIN DOGECOINX Green Eyed Peas- I GOTTA FEELING $75,000 TARGET
BITCOIN Pick up the litter DOGECOIN X Gon’ Give It To Ya
BITCOIN 🍴⚡️LITECOIN⚡️ 🥄 420 Imagine Dragons - Thunder ⚡️
BITCOIN 🥄 LITECOIN needs to start moving back up Imagine Dragons - It’s Time
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