Blockchain Crypto Bitcoin

2021-08-10 11:38:35 $BTC #Bitcoin daily downtrend officially ends on August 9th 2021 with the price closing above daily MA 200, following a bull break of a months long rectangle

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2021-08-10 11:08:14 The Bitcoin Logarithmic Growth Curve is a tool used to measure the growth of Bitcoin over the past years through Fibonacci deviations and represented in a series of ribbons. This also identifies cycle tops and bottoms from the yellow lines (High, Medium and Low Deviation). We are on our way to break the Med Dev and potentially claiming the High Dev. From this chart, the $135K level seems the most logical area to take profits

https://t.me/Blockchain_Crypto_Bitcoin Open / Comment

2021-08-10 11:03:32 The dominance of large #Bitcoin transactions (> $1M) has risen from 30% in 2020, to over 65% in 2021.

This reflects a growing share of institutional interest, and capital being transferring across the #Bitcoin network.

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2021-08-09 20:16:04 "Smart Money" is making its own way but "dumb money" is still sleeping

What does it mean

Whales accumulating #BTC and holding in cold storage supply shock is on the way for #BTC

https://t.me/Blockchain_Crypto_Bitcoin Open / Comment

2021-08-09 19:27:52 Digital asset investment products saw a 5th week of outflows totalling $26m, although the magnitude of the outflows is much less than May and June.

Ethereum market share is again rapidly rising and now represents 26% of investment products

https://t.me/Blockchain_Crypto_Bitcoin Open / Comment

2021-08-09 17:02:11 Both Bybit and FTX were able to surpass Kraken. Bybit came in third place for the first time.

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2021-08-09 15:41:31 Bitcoin looks ready to reclaim the yellow mid-line for bull run confirmation, which currently sits at $57K.

If confirmed, delta/top mean (orange) would be next target at $92K.

If that level is then reclaimed, would be targeting top price model which currently sits at $175K.

https://t.me/Blockchain_Crypto_Bitcoin Open / Comment

2021-08-09 14:20:14 Hash Ribbon has flashed blue and for the first time since the last major run-up which gave 258% gains.

That would take Bitcoin to $157K if the same gains were repeated.

https://t.me/Blockchain_Crypto_Bitcoin Open / Comment

2021-08-09 12:29:41 The little guys have been buying BTC like crazy. Their holdings have not only increased as a % of overall supply, but also as a % of supply held by entities with little spending history. (strong hands)

Green: % of supply held by retail
Blue: % of illiquid supply held by retail

https://t.me/Blockchain_Crypto_Bitcoin Open / Comment

2021-08-09 11:07:24 Despite a strong rally to $45k, the #Bitcoin market still has not seen a significant increase in old coins (> 1y) being spent.

This is very different to the 2018 bear market where old hands took exit liquidity on most relief rallies.

https://t.me/Blockchain_Crypto_Bitcoin Open / Comment