Over the past three days we have seen BTC fall to $27,280 USD.
https://bitcointicker.co/stamp/btc/usd/3days/
These transactions were included in the Block, the larger blocks represent more Bitcoin in the transaction, to a total of 3,269.5847 BTC ! That's a lot, but it is all done in 1.519MBs.
https://bitcointicker.co/stamp/btc/usd/3hr/
For the past year I have been roughly tracking Relative Currency values in my own spreadsheet and it has been very interesting to see how these assets perform.
The global economy is facing an increasingly gloomy and uncertain outlook, with higher-than-expected inflation triggering a tightening of global financial conditions. It is difficult to predict whether the Canadian Loonie will perform better than USD, GBP, Gold, Silver, Copper, etc. over the next year. However, if the price of oil rises, that could be good for the Canadian dollar. Some say it might be a good time to consider investing in high-yield bonds, as they may benefit from peak inflation being behind us. I don't know much about bonds but some short term bonds have been trading at higher yields than long term bonds.
This hour's High was $27,415.36, and Low was $27,296.00
https://bitcointicker.co/stamp/btc/usd/1hr/
We are right in the middle, there's no clear up or down trend because we are in the sideways consolidation zone, which means there will be lots of ups and downs in the short term but until we find support at 27,900 USD or resistance at 28,000 USD the trend is still lower.
Will BTC find support at 27,294 USD? Will it go higher than $27,420 USD this afternoon?
1:33pm MST 101023
Mempool
High: 28592.00Low: 24920.00
It moves fast when it decides to go up again, and it won't look back.
https://bitcointicker.co/stamp/btc/usd/1hr/
What part of the cycle are we in right now?
https://bitcointicker.co/stamp/btc/usd/AllTime/
We saw Thrill and Euphoria through 2021 and 2022 despite all the anxiety of the times, it looks to me like we are now in the Panic Zone, and that means we may be close to the bottom. What is your BUY range? When will you SELL your Bitcoin?
"Panic" This is the period with the most emotional impact, where you feel helpless and really don’t know what to do, feeling without any degree of control on the situation, on your investments and on markets."
https://milanaryal.com.np/the-psychology-of-a-market-cycle/
Here is the chart from June 16 2017 to May 29 2021
https://www.coingecko.com/en/coins/bitcoin
Whatever the 'low' is this next year, I feel like we should keep buying. The capitulation and the anger is going to begin, coupled with the inevitable Recession hitting in 2024, only the bravest hodlers will keep buying Bitcoin and not fodl their satoshis into memecoins.
On this hour's BTC rise we also see Top30 altcoins rising as well.
Mempool at 1:55pm MST on 101023
BTC is $27,384
Still waiting for the
but it happened so fast I didn't see it
$27,386 USD at 2:16pm MST on 101023
Will the price of Bitcoin be higher or lower in three weeks?
(Countdown to October 31st 2023)
If you like my efforts please consider Delegating
10 HP | 50 HP | 100 HP | 500 HP |1000 HP | 5000 HP
Send
--> How To Start Curating <---
"Stop by the Pizza House anytime!"
(Ask for a slice
CLEAN THE PLANET
@Darkflame
