FMcrypto retweeted
Bitcoin's 2x/60x Rule:
When Bitcoin gets twice as old (2x), its price goes up 60×
😎
- - -
Today Bitcoin is 6,184 days old, or ~16.95 years old.
When it gets twice as old (12,368 days, ~33.9 years), price is projected to be $6,708,168.
FMcrypto retweeted
BULLISH:
Tether has tokenized over $2 BILLION worth of gold on Ethereum.
Institutions want non-fiat protection and on-chain liquidity.
This is how blockchain becomes the settlement layer for hard money.
FMcrypto retweeted
JUST IN: Firstpost America reports that the Kingdom of Bhutan has “nearly a third of its GDP” in #Bitcoin 👀
"Bhutan has become the 4th largest government holder of Bitcoin" 🇧🇹
xitter.cf/Cointelegraph/status/1…
FMcrypto retweeted
This cycle is different. The source of money is different.
#Bitcoin spot ETFs now make up a quarter of total spot trading volume.
New money this time is more mature than ever, and I believe there's still much more mature money to come. Mature money usually has diamond hands.
FMcrypto retweeted
#BTC is above $70k and views to these crypto YouTube channels are at 800k/day, compared to 4M/day in 2021.
FMcrypto retweeted
This 2.5 months of consolidation under bullish demand has been very good for #Bitcoin, it means price has more room to run before topping out.
Chart: BMO moves 1 level down, now has 2-3 levels to climb before a macro market top.
"The #Bitcoin top is in!"
Nope, odds are we have another solid leg up.
Maybe even 2 legs up if TradFi gets demented FOMO like retail did in 2017.
FMcrypto retweeted
Level 3 of the most accurate #Bitcoin price bands has now become a magnet, priced at $91,539.
We're already starting to see the effects of this, despite the consolidation at Level 2.5. Level 3 wants to be reached.
There has also never been a cycle where the cycle top band is not hit to precision, and this is priced at $123,832. (This is increasing)
The cycle top band will undergo its largest increase during the final Bitcoin parabola.
FMcrypto retweeted
The SMI tells us that #Bitcoin is right where it should be in the cycle, with much more room for growth.
Our current position lines up at about 1 year from cycle tops, which would make this cycle's top in Jan - Feb 2025.
My eye is still on December 2024, a likely cycle top month at our current rate.
Its good to see crypto starting to bounce back from our perfectly healthy correction. Forward and onwards!
FMcrypto retweeted
This #BItcoin move is now at the halfway mark. Consolidation under all-time-high needs to happen for a little, then we see if the second leg gives us escape velocity to new highs which will open up the flood gates.
FMcrypto retweeted
🚨BREAKING🚨
VANECK HAS OFFICIALLY LISTED ITS
SPOT ETHEREUM ETF ON THE DTCC,
TRADING UNDER THE TICKER $ETHV.
ETH ETF APPROVAL IS JUST AROUND
THE CORNER 🔥
