ferGOD

BITCOIN - First Battle of Bull Run - Part 12

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ferGOD Updated   
BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Bitcoin Price Lost and Found

Has this market not provided a wild ride the past few weeks? We’ve been everywhere except to the moon – however, if you were short, then you’d probably dispute that statement. In fact, shorters have had a wonderful holiday season. BTC tumbled into the mid-$6K region, a place that many a traumatized crypto hodler hoped never to revisit again. If you’re looking for some bright side to the situation, you don’t have to look very far. The all-important $6400 support has held.

Keep in mind that the last time support in that area broke down, we fell straight to $3,200.

As long as BTC can hold strong to this level, then we can start thinking about a trip back above water.

Bitcoin Dominance Creeping Higher

The cryptocurrency bear market has disproportionately affected altcoins. That is, of course, to be expected considering the second fiddle nature most play to Bitcoin .

That being said, BTC dominance up near the 70% mark is something rare enough in the past few years. Let’s be straight – altcoins are getting utterly rocked, manipulated, and discarded. For an Exhibit A display, look no further than the MATIC charts of late.

Altcoins are dangerously difficult to trade lately, which is pushing more and more money back into BTC or stablecoins. It’s an unsurprising trend pointing straight at the fear currently possessing the market.

B…b…But, What About the Halving?

Isn’t the halving supposed to make all BTC hodlers rich? Wasn’t the ride up to the moon supposed to have started by now? …What gives?

We hear you – and, to be quite honest, we’re not sure what gives, either. However, compared to past halvings, the stakes at this stage in the crypto game are WAY higher than ever before. The sheer amount of deep pockets in the market nowadays, along with the king-making rewards to be gained from playing the next halving right, make the approach less straightforward than ever before.With that in mind, you can count on the games to continue well into.

Q1. The question on everyone’s mind in this dangerously close standoff is:

How low will bears push before flipping the switch?

Bulls and bears are two sides of the same coin. Bears who are pushing for the lowest possible price today will simply step over the line and go long tomorrow once they’re satisfied. To that end, resist dogmas, narratives, and stay flexible. In times like these, your best defense is an open mind, a patient outlook, and slow movements.


Bitcoin to the Moon in 2020?

It’s officially the new year in every part of the world, unless you reside in a timezone we are completely unaware of. So, watch this space. Having said that, let’s do a recap of some of 2019’s top crypto moments.

Bitcoin Grows a Pair of Wings

Rising from the ashes of 2018 bear market despair, BTC was launched into orbit after a dismal period marked by a $3,200 price floor. In what felt like one fell swoop, Bitcoin took out ambitious target after target, going straight through overhead resistance until it had all but swept up the $14,000 mark.

For a moment, it looked primed to retest previous all-time highs, but that wasn’t to be. A retrace has reduced gains by nearly half, but the market has still seen hand-over-fist gains compared to this time last year.

Retail Investors Abandon Hope

Despite the incredible gains seen through the first half of the year, the green was mostly restricted to BTC and a handful of other assets. The altcoin market, by and large, has performed pretty poorly.

Conferences, mainnet launches, partnerships – none of these price-boosters of old seem to have the same magic anymore. There were some bright spots such as Chainlink, but such success stories were far from common.

Retail investors have seemingly lost interest in crypto as evidenced by the abandonment of spaces like Crypto Twitter , subreddits like EthTrader, and Telegram groups. Those who have weathered both the good and the bad have largely done so by tuning out entirely.

Will a run-up toward the Bitcoin halving in May change that? We’ll definitely find out.

Craig Wright Flexes on Hodlonaut, Gets Shut Down

Everyone’s least favorite Satoshi imposter crossed the line earlier this year when he started a legal suit rampage against his doubters. Amongst those doubters was Hodlonaut, a Twitter cat wearing a spacesuit.

After Wright threatened to sue and unmask Hodlonaut, the entire crypto sphere banded together in a scene reminiscent of the Avengers: End Game. To add a bit of comeuppance to the entire scenario, Wright was also owned in the court of law, where he was ruled against and ordered to hand over half his BTC to the estate of Dave Kleiman.

Bakkt Gains Steam

Despite its initial debut being widely panned as a failure, Bakkt has bounced back to claim higher highs throughout a turbulent (and mostly down) market.

In another telling moment, Bakkt’s CEO, Kelly Loeffler, resigned after being appointed to the US Senate, where hopefully she’ll continue campaigning for a crypto future.


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I am not Bearish long term. I am a Bull of Bulls.

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Nothing is hard as long as the determination is there.

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Wave 1 in construction.


>> Daily stats <<
Stock/flow 1d/365d: 24 / 25
Stock/flow price 1d/365d: $6.993 / $8.214
Actual price: $8.085
Mined BTC: 18.154.588
Mayer multiple: 0,88
Days to halving: 119
Pow law osc: -0,14
Dormant BTC >10y: 1.112.872
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