Looking at this pitchfork starting at 38k in January 2024 up to the high of 73k, and drawn down to 59k in early August, Bitcoin still seems to be in the low-range. Will BTC fall further from here?
https://www.bitget.com/trading-bot/spot/BTCUSDT
I have not been trading but I have been watching the minute charts on Bitget and drawing my own hourly candles to 'keep an eye' on prices. Over the past few months I feel more attentive to the ebb and flow of Bitcoin, than I was when my observations were less frequent.
I have drawn lots of random lines and some of them seem to become relevant later.
"A total of 3,967.95 BTC ($274,575,802) were sent in the block with the average transaction being 1.3962 BTC ($96,614.89). Unknown earned a total reward of 3.13 BTC $216,591. The reward consisted of a base reward of 3.13 BTC $216,591 with an additional 0.0496 BTC ($3,432.24) reward paid as fees of the 2,842 transactions which were included in the block."
https://www.blockchain.com/explorer/blocks/btc/868738
Up from 56.14% 5 days ago on October 29th 2024.
Alternatives to Bitcoin are few and far, although everyone has their favourites. When BTC moves, many will hope their alt will increase in value, but while that maybe true for some, their value in BTC terms will decline. The price of most coins, vs BTC, look like waterslides.
https://www.coingecko.com/en/coins/tether
Yet, Dogecoin is +24.9% vs BTC this past month, and RAY +69.2%.
"the Raydium protocol, a decentralized and community-driven collection of blockchain-enabled smart contracts and tools (the "Raydium Protocol"). This Interface and the Raydium Protocol are made available by the Raydium Holding Foundation, however all transactions conducted on the protocol are run by related permissionless smart contracts."
https://www.coingecko.com/en/coins/raydium
Everyone should have at least 0.00262500 BTC, about $182 USD now.
0.01 BTC is nearly $691 USD at 3:42pm on 031124, what in a decade?
Since August 5th, and September 6th, Bitcoin has continued to rise.
https://www.bitget.com/trading-bot/spot/BTCUSDT
Touching the ATH of 73k we only have to wonder, when BTC will double?
https://charts.bitbo.io/stock-to-flow/
Past performance is no indicator of future trends, but sometimes they rhyme.
In a year we will look back and Bitcoin will be higher, or lower.
https://www.coingecko.com/en/coins/bitcoin
Bitcoin is trading down right now,
https://www.bitget.com/trading-bot/spot/BTCUSDT
Do your own research, these are just observations over time.
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