#BTC is moving in a tight range between 2 gaps 67k & 64k.
Alts pumping 10% in this period is a great effort.
Alts pumps in this season tend to quickly pump & quickly dump as the form of Buji Khalifa towerrs.
Alts market had a great recovery to the breakdown level (at War day 12th April)
The winner in this period is #ONG #ONT
What was the last time #BTC on Electricity cost ?
1/ Dec 2018
2/ March 2020
3/ May 2020
4/ Nov 2022
At new cycle: Electricity cost = 60k. I hope you guys not selling at PICO BOTTOM.
BlackRock has dropped its new #Bitcoin halving video 👀
https://x.com/jayjacobscfa/status/1780614865880576344?s=46&t=mZiGbtv60OEmt9z84c-L2g
Hype projects like #ORDI will have another run after June.
Patiently wait buy zone ~ 20$ in May or June.
Above one is Market few weeks ago when BTC was at 66k.
Below one is Market now when BTC is at 66k now.
Same 66k but so much difference.
One is Distribution.
Other is Accumulation.
Besides Microstrategy, BlackRock ..., there is a big boy who has not showed his hands yet 😳
This wallet has purchased an average of 100 #Bitcoin per day since November 2022.
It now holds 62,052 $BTC worth over $4 billion 😳
https://twitter.com/WatcherGuru/status/1782068174973759922
RUNES ecosystem has started day 1 today
https://www.okx.com/web3/marketplace/runes
RUNES/Ordinals narrative will be hot 🔥
Due to the war, price has dropped to Electricity cost.
Retailers r panicking . . . .
- The bad case: BTC might take whole summer to move like crabs until you get bored and leave market. It takes off when Q3/Q4 comes.
- The good case: bulls don't have to wait too long.
after Halving in 3 days, Mining profile (Red zone) will be adjusted and move up doubly
Crypto Summer 2024 price action might be like Summer 2023 & 2020.