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Quand sera-t-il 50k?

Bitcoin is really futile. However, gold is as well.

Gold's worth comes from its BRAND and shortage. That brand has required millennia to construct.

Notwithstanding, the world is changing quickly - one could contend that gold served an actual world well, we currently live in a more computerized one. The world continues on - I mean, ponies were THE method of transport for THOUSANDS of years - and that finished pretty suddenly.

Presently, consider this, Bitcoin has gone beyond an obstacle the majority of us never figured it would - investment banks are encouraging their clients to get it, foundations are getting it, and HNW investors are unloading the gold and making it work.

This is monstrous. This is BRAND.

Disregard Bitcoin's characteristic use, nobody at any point thought often about gold either, yet as additional refined investors get involved with Bitcoin, which will prod on others, it will dig in itself as computerized gold.

Bitcoin endure the accident of 2018, it'll continue to endure each accident long into the future, each time more grounded, each time getting investors that become familiar with it. It's no cash and will be far-fetched at any point to become one, yet it is computerized gold - an advanced store of abundance based on its BRAND, as most stores of riches.

The complete worth of all Bitcoins in presence is a change in outlook away from fundamentally surpassing that of gold, for example, US$500k a Bitcoin, and remaining there for a supported period.

That paradigm shift seems to be happening.

Purée! J’allais moi aussi posté ce violent décrochage de ce matin hahahahahah

Il était ultra prévisible. Les rebonds étaient de plus en plus petit.

Exactement comme le jour où le peg de la BNS a laché…

Même mouvement… très reconnaissable pour un oeil avertit

https://www.wsj.com/articles/the-crypto ... rkets_main

La glissade continue… 18.5k

Apparemment, le bite-con n’aime pas la canicule

c 'est a cause de Biden !

18k la déculotté est sévère…

Appel de

je viens de comprendre

On-chain data shows the percentage of the Bitcoin supply in loss has surged to almost 50% now as the crypto’s price tumbles below $20k.

As pointed out by an analyst in a CryptoQuant post, the drop below $20k has now put almost 50% of the supply underwater.

The “percent supply in loss” is an indicator that measures what part of the total Bitcoin supply is currently in the red.

The metric works by checking the transfer history of each coin on the chain to see what price it was last moved at.

If the previous selling price of a coin was more than the current BTC price, then that particular coin is being held at some loss right now.

On the other hand, if the coin was last moved at a lower price than now, then the coin is in profit instead.

The supply in loss naturally only counts the former type of coins.

Now, here is a chart that shows the trend in the Bitcoin supply in loss over the last few years:

As you can see in the above graph, the percentage of the Bitcoin supply in loss has been going up in recent weeks as the price has been crashing down.

The latest drop in the value of the crypto, which has now taken it below the $20k level, has pushed a further amount of supply underwater.

Now, the total percentage of the supply in the red has reached very nearly 50%.

Historically, periods with the value of the indicator between 50% to 60% have been when the coin has observed bottoms before.

Because of this, the range may be ideal for accumulating Bitcoin. However, a real bottom may still have some ways to go as the supply in loss has only just now reached the 50% mark.

During the last two bottoms, the value of the metric was at least 55%. If a similar pattern follows now as well, then the crypto may have the potential for more downtrends before the bottom is finally in.

BTC Price
At the time of writing, Bitcoin’s price floats around $19.2k, down 33% in the last seven days. Over the past month, the crypto has lost 37% in value.

The below chart shows the trend in the price of the coin over the last five days.
Thanks for reading.

The price of the largest cryptocurrency by market cap, Bitcoin (BTC), has dropped below $20K for the first time since 2020 as the selloff in the cryptocurrency market deepens.

BTC’s price drops below $20k for the first time since 2020. The market leader’s price dropped as low as $17,593 at one point throughout the weekend.

Investors may have a lot to look forward to if the crypto selloff does not deepen in this bear market.

At one point on Saturday, BTC’s price had dropped to as low as $17,593, which is around a 13% plunge in price, according to crypto market tracker CoinMarketCap.

The price of BTC then pulled back up to $18,556. However, this is still a 9.22% drop in price. As a result, Bitcoin has now lost more than 70% of its value since peaking at $68,000 in 2021.

Looking at the weekly chart for BTC/USD, the price of BTC has recently breached the $20k level, which has seen the crypto selloff continue.

The last time the market witnessed a similar price movement on the weekly chart was between July 2019 and March 2020, as indicated on the chart.

If the previous occurrence of this type of price movement on the daily chart is any indication of what will happen next following the latest occurrence, then investors may have a lot to look forward to.

Following the previous pull-down of this magnitude in BTC’s price was a 7-month rally in BTC’s price.

In this period, BTC set new all-time highs and had massive deleveraging across the board, as its price climbed from around $4.5K to its peak of $68,000 during this period.

Even though the current crypto market landscape is looking horrendous at the moment, there may be a lot to look forward to from the current price levels onwards.

The best strategy may just be to wait for this bear market out.

Pure Pip Producer a écrit : ↑19 juin 2022, 11:23 je viens de comprendre

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https://e-devenirtrader.com/le-bitcoin- ... culatives/