Bitcoin to soar past 100k! Some analysts targeting $13M!
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Bitcoin to soar past 100k! Some analysts targeting $13M!
Trump’s Bitcoin plans and strategic reserve insights. #BitcoinStrategy #Trump2024 #CryptoPolitics #BitcoinBull #Coinbase #shorts
📈 #Bitcoin November Returns through the Years! 📉 From epic gains to challenging losses, November has been a wild ride for Bitcoin investors.
Stay tuned with #Coinverse for the latest updates and insights! 🚀💰
Are you a Bitcoin Bull? #Bitcoin #BTC $Bitcoin $BTC https://teespring.com/the-bitcoinbull
The Bitcoin fund flow ratio for all exchanges is on a decline, while BTC transactions are rising. This could suggest a bull market is ahead. Bitcoin Fund Flow Ratio For All Exchanges Goes Down As pointed out by a CryptoQuant post, the BTC fund flow ratio for all exchanges seems to be on a downwards trend. Also, BTC transactions are going up. The Bitcoin fund flow ratio is an indicator that’s defined as the total amount of BTC going into or out of exchanges divided by the total amount of BTC transferred on the whole network. Fund Flow Ratio = Total Exchange Inflows + Outflows in BTC ÷ Total Transferred BTC (whole network) Basically, the indicator shows the percentage of BTC that’s involved in exchange-related transactions as compared to the total transactions on the entire network. Related Reading | New Bitcoin Users Activity Spikes To New All-Time Highs, What Does It Mean? With the help of the fund flow ratio, it becomes possible to know what percentage of BTC transactions happen outside exchanges. That is, through methods like over-the-counter (OTC) deals or P2P transfers. The other relevant metric here is the total tokens transferred. As the name suggests, this indicator shows the total number of BTC that has been transferred on the network in some form. Related Reading | The Bullish Bitcoin Crossover No One Is Paying Attention To Now, here is a chart that shows the trend in both the BTC fund flow ratio and total tokens transferred: The two Bitcoin indicators show bullish signals | Source: CryptoQuant As the chart shows, the BTC fund flow seems to be going down, while the tokens transferred metric is going up. What this means is that while exchanges getting fewer transactions usually signals low volatility, the total transactions are also going up across the board. This would suggest that OTC deals are shooting through the roof (and thus occupying a relatively higher percentage), rather than a drop in the volatility itself. The combination of these indicators behaving like this is usually a bullish sign. During the August of last year, before the bull run started, similar signals were present. Bitcoin Price At the time of writing, BTC’s price is around $42.7k, up 9.5% in the last 7 days. Over the past month, the crypto has gained 23.5% in value. Below is a chart that shows the trend in the price of the crypto over the last 3 months: BTC's price shoots up | Source: BTCUSD on TradingView Bitcoin seems to have caught a sharp uptrend as the crypto nears $43k. It’s unclear if BTC can continue the rally and go beyond this point, or whether it will crash again like at the start of the month. If the indicators discussed above are anything to go by, a bull run looks more likely at the moment.
#bitcoinbull #bitccoin #hodl #cryptogeek #bitbabe #colorado #euntrepreneur doseofdopamine5280.com (at Longmont, Colorado) https://www.instagram.com/p/CPe5cAIAEn7/?utm_medium=tumblr
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$COIN. . . . . Congrats on the successful direct listing @coinbase Now it worth more than Goldman $GS, it means greatly for the crypto community $BTC Bitcoin ETF is on the way, just another boost to the space👌🏻📈 #bitcoinbull #diamondhands *Satoshi will be proud* (at Salt Lake City International Airport (SLC)) https://www.instagram.com/p/CNqQzzig-1yCiQE-njiyvNqr9yLu5vfA6aEKUs0/?igshid=zpi4vq8whvgg
Sminem runs this show. Every crypto trader knows this. 🤓 #lordsminem #sminemgivesgains #bullseason #bitcoinbull #respectsminem (at Chicago Downtown) https://www.instagram.com/p/CB-vrNCgknJ/?igshid=1i87dnxzjz8aq