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rekter

Next ATH and what comes along with that.

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Predictions i am about to make here may sound unbelieveable, 

but as long as i have been in this scene, everything so far in has been unbelieveable.

 

Potential

 

Let's start by discussing potential. How much could bitcoin could grow realistically, or the total total crypto marketcap with it?

First thing i do when i try to estimate valuation for an asset, i try to look if it has any competition and their marketcap, and how far the competition has risen so far. Then i try to figure out if my chosen asset has any changes of challenging the competition. And if it does, it technically could get at least a part of that marketcap if it doesn't even beat the competition.

 

But when we look at the BTC or ETH for example, we have nothing in the past to compare them with. People are often saying that BTC is like digital gold, but it's really not. Gold can't compete with cryptos because usecases of gold are very limited compared to BTC or ETH.

 

We might look for other past innovations to try to figure out what cryptos could be worth, but there are none, except maybe the internet. But we aren't competiting with the internet, infact bitcoin or eth might just become as valuable part of the internet as HTTP. Most people use HTTP every day without knowing what it is. Just like peoplewill use BTC without knowing what the Bitcoin protocol is or how it works.

 

But because i think cryptos or even just bitcoin will be more valuable then gold, let me show you how that would look in the chart and how much we would have to rise.

I will first do my prediction with the btc, with a simple TA and then try to implement that growth rate to total market marketcap because alts will follow bitcoin. 

 

cpFXTv5.png

 

 

Implementing that growth rate to total crypto marketcap:

5VjIlrX.png

 

25,300,000,000,000 marketcap is not bad..

Following my BTC prediction, we would go over gold marketcap with a bang, in fact, to show how huge that rise is, let me show you regular chart instead of logarithmic, just to get some perspective:

 

021Bgsb.png

 

Looking it like that makes you think that the rise will be impossible

 

But my intuition says that what we have seen now is elliot wave third leg playing out and 300k is more then possible, and if altcoins follow with that rate 

 

If my math is correct, i am getting around 22% mc dominance for BTC, which sounds right

And that that means there will be lot to share with altcoins. Last time ETH had around 14% dominance at the peak,

And even if it has 10% this time, with current circulating supply ($2,530,000,000,000 / 113467501)

that would make 1 ETH worth around $22297. So, good time ahead.

 

But like i was saying, comparing btc or cryptos to gold is pointless. Because the value comes from the usecases. 

How many usecases will cryptos have? Will they be developed enough to be able to secure supply chains, disrupt voting, id, banks? How many other innovations will it disrupt?

 

And if we want it keep such a system secure, how much are we willing to pay for protecting the chain? Wouldn't those coins need to be insanely valuable?

 

When we were crashing last time in 2018, alts crashed hard and i heard people saying "This time it will be different".

I thought it was a sarcastic joke, based on the past. But when i lately looked at things, they have changed, a LOT.

During 2014-15 people were scared that this thing might not work out. And for most coins it didn't.

People involved were more or less sketchy to outsiders, companies were small devs were pseudoymous, 

and the whole scene was unorganized. Bitcoin was more like gras roots geek money that most people didn't understand.

 

Now we have actual institutional investors trying to get bigger and bigger marketshare, some coins are developing tech to disrupt the current stock exchanges. And regulators coming in left and right. Fundamentals are stronger then ever. We need to realize that this is a whole new ball game now

 

 

 

Things that could hold us back

 

With this comes things that many people will hate. FATW travel law will be one of them, kyc will probably be mandatory in most CEX and there will be no such thing as anonymous holding. Because with every fiat ramp there will be id check and you probably will have to prove where you got your cryptos. 

 

Cryptos like monero could be cracked, or just unaccepted. They will regulate all cex:es or regulated cex won't accept deposits from unregulated cex. It will be most likely the end for some people who were in this space for ideological reasons. They also might "split" the chain to clean and shady coins, and shady coins would will keep rotating in dark markets just like fiat money.

 

We are living the best possible time to invest. So have fun while this last.

Edited by rekter
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I liked your charts but when i saw that according to your math 1 ethereum will be worth over 22000$ its just too high of a target to hit, I think on bitcoin we are in the euphoria phase and even though we might touch all time high on bitcoin but we will definitely go down hard. 

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On 11/20/2020 at 2:16 PM, duncun007 said:

I liked your charts but when i saw that according to your math 1 ethereum will be worth over 22000$ its just too high of a target to hit, I think on bitcoin we are in the euphoria phase and even though we might touch all time high on bitcoin but we will definitely go down hard. 

Yeah, we will crash sooner or later hard, my guess that it will be some point at 2022. 

 

And i know that eth peaking at 22k sounds insane now, but it was based on the share of whole esimated marketcap. Assuming it will keep fighting bitcoin dominance as hard as it has before, and i can't see why it wouldn't go there tbh.

 

Remember that the eth most likely will continue to be the platform for most defi projects. And even if it seems bulky right now, who knows what 2.0 brings.

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On 11/20/2020 at 1:16 PM, duncun007 said:

I liked your charts but when i saw that according to your math 1 ethereum will be worth over 22000$ its just too high of a target to hit, I think on bitcoin we are in the euphoria phase and even though we might touch all time high on bitcoin but we will definitely go down hard. 

$22k price value of ETH seems very crazy at the moment, even for bitcoin in the last few years. In cryptocurrency, all seems impossible until it happens. 

Decentralised finance, ETH 2.0 PoS etc will play a huge factor. $22k is a big journey from the current price, and it would be interesting seeing how that goes with time.

 

Btw excellent analysis @rekter.

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My Altcointalks username —° Raqeebzy

 

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5 hours ago, Raqeebzy said:

$22k price value of ETH seems very crazy at the moment, even for bitcoin in the last few years. In cryptocurrency, all seems impossible until it happens. 

Decentralised finance, ETH 2.0 PoS etc will play a huge factor. $22k is a big journey from the current price, and it would be interesting seeing how that goes with time.

 

Btw excellent analysis @rekter.

Thanks, And i agree, ETH 2.0 will change al lot of things, and the possibilities it rises seem endless. But we also need to make it idiot-proof to get fully adopted. Things like gas, full addresses and contracts should be easier for regular user.

 

And it takes time for people to understand what concepts need a blockchain and what don't. Because very few of the things needs to stay in immutable ledger forever. And while immutable transactions is a strength, it's actually one of the downfalls of eth as a payment system as well. There's a good reason why visa has the option to dispute a transaction.

 

That's why i think this current blockchain solutions is far from finished.

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On 11/17/2020 at 9:58 PM, rekter said:

People are often saying that BTC is like digital gold, but it's really not. Gold can't compete with cryptos because usecases of gold are very limited compared to BTC or ETH.

offcourse there is no comparison between bitcoin and gold, because of the useability and functionality of BTC over GOLD. BUT if you look at it from the other way around you'll understand that GOLD has more traditional value when you compare it  to bitcoin

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1 hour ago, Frodler said:

offcourse there is no comparison between bitcoin and gold, because of the useability and functionality of BTC over GOLD. BUT if you look at it from the other way around you'll understand that GOLD has more traditional value when you compare it  to bitcoin

Yeah i realize that, I thought my point was obvious, but i realize that i also should have put it other way around, as: "cryptos can't compete with gold". Because all i was trying to say was that they are not competiting with each other.

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Looks like Willy Woo agrees that 300k in 2021 is a possibility. My prediction is slightly (12%) higher but i would certainly sell put most of my sell orders slightly under 300k As it's a strong psychological barrier.

 

 

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The way the currency will behave cannot be calculated or predicted by mathematics, because you simply do not know the number of traders who will sell the currency at the same time, nor do you know the amount that they can offer in the market, and this will definitely affect the currency.

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BTC is against ETH ,where BTC is very strong and dominant ,Where eth took long time to beat his last time highest price. Their for I cannot see $22K hit by ETH 2.0 update which is gonna complete at 2021.BTC have broken all his previous record and hit $42K where their is still price is standing at $38k. The price roll down is expected but could go again upward because people are now buying and whales have started pulling their money, so it's become people vs whales who is gonna make up with BTC. 

Edited by Syedbesharat
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On 1/10/2021 at 9:21 PM, Syedbesharat said:

BTC is against ETH ,where BTC is very strong and dominant ,Where eth took long time to beat his last time highest price. Their for I cannot see $22K hit by ETH 2.0 update which is gonna complete at 2021.BTC have broken all his previous record and hit $42K where their is still price is standing at $38k. The price roll down is expected but could go again upward because people are now buying and whales have started pulling their money, so it's become people vs whales who is gonna make up with BTC. 

Well i guess we will disagree then. Imho ETH doesn't need 2.0 to go up. It doesn't need to even work properly. It's all going to speculative money anyway that causes the next big top. Imho bitcoin and alts are acting similarly as around in JUN 2017 before the bullrun, with a very much larger scale, and i am hoping that history repeats it self. That would push ETH insanely high.

 

But i guess we'll see. Best part is that we don't even need to bet on it, as we can bet by exiting ETH at the right point ;).

 

On 1/10/2021 at 8:54 PM, Abdulrahman3 said:

The way the currency will behave cannot be calculated or predicted by mathematics, because you simply do not know the number of traders who will sell the currency at the same time, nor do you know the amount that they can offer in the market, and this will definitely affect the currency.

That's one way to look at it. But how do you think professional day traders are make their money if they aren't using technical analysis to predict probablility for the price? Are they just lucky then? And why sites like tradingview are a thing if they don't work at all for the purpose they have created?

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Bitcoin is currently at the highest price.  Bitcoin has always been at the forefront and will continue to be so in the future.  The market for altcoins, including Bitcoin, was in a very bad state at the beginning of last year and its market is slowly starting to pump.  At the end of the year, the price of Bitcoin reached 20 K and in the new year, the price of Bitcoin hit 40 K.  eth and ltc but didn't stop, these pumps pumped a lot.  But I guess btc and eth will ATH always be there

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On 1/19/2021 at 9:18 AM, Cleaner said:

Bitcoin is currently at the highest price.  Bitcoin has always been at the forefront and will continue to be so in the future.  The market for altcoins, including Bitcoin, was in a very bad state at the beginning of last year and its market is slowly starting to pump.  At the end of the year, the price of Bitcoin reached 20 K and in the new year, the price of Bitcoin hit 40 K.  eth and ltc but didn't stop, these pumps pumped a lot.  But I guess btc and eth will ATH always be there

I am sorry but i don't follow. Where? Do you have some prediction about the next ATH that would happen in this cycle or are you explaining what has happened in the past with the price?

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5 hours ago, rekter said:

I am sorry but i don't follow. Where? Do you have some prediction about the next ATH that would happen in this cycle or are you explaining what has happened in the past with the price?

You want to know which coin will carry the highest price in the market next.  Then we can say in one word that Bitcoin will always dominate the crypto market.  And then the Ethereum coin will rule the market

On 12/10/2020 at 12:09 PM, rekter said:

Looks like Willy Woo agrees that 300k in 2021 is a possibility. My prediction is slightly (12%) higher but i would certainly sell put most of my sell orders slightly under 300k As it's a strong psychological barrier.

Willy woo  made a prediction that Bitcoin could hit 200K to 300K in 2021.  But I think it can reach that goal.  Because the price of Bitcoin has increased several times in a few days.  However, in my opinion, the price of a bitcoin can be 150K at the end of the year

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The statistics released in the last few days looked ambiguous, causing doubts that the US economy could maintain its previous positive dynamics. Tuesday's statistics on April 23, regarding US business activity and core durable goods orders, disappointed investors. Preliminary data from S&P Global showed that the Business Activity Index (PMI) in the US services sector unexpectedly fell from 51.7 to 50.9 points. The manufacturing sector's indicators were even worse, where the PMI crossed the threshold, separating progress from regression. In April, this indicator fell from 51.9 to 49.9 (forecast 52.0). These data alone are not as significant as labor market or inflation reports, but two days later, on April 25, they were supplemented by equally disappointing US GDP data. The preliminary estimate showed that US economic growth in Q1 was only 1.6%, lower than the forecast 2.5% and previous 3.4%. Compared to the same quarter in 2023, GDP growth decreased from 3.1% to 3.0%. Against this backdrop, the DXY, and with it EUR/USD, underwent a correction, with the pair rising to 1.0752.     It should be recalled that the US inflation data released on April 10 showed that the Consumer Price Index (CPI) reached 3.5% year-on-year, the highest in six months. On Friday, April 26, the Bureau of Economic Analysis reported that inflation measured by the change in the Personal Consumption Expenditures (PCE) Price Index in March rose to 2.7% (year-on-year). The core PCE, which excludes volatile food and energy prices, instead of the expected decrease to 2.6%, remained at the previous level of 2.8%. Thus, on the one hand, we see that inflation is resistant and does not want to go down, and on the other hand, we observe a slowdown in GDP growth.   According to our forecasts, faced with such a crossroads, the Fed will still not deviate from its previous path and will choose to fight price growth. Moreover, the decrease in GDP in Q1 should not overly alarm the regulator, as the US economy had been expanding at 2% and more for seven consecutive quarters, despite the aggressively tight monetary policy of the Fed. Moreover, recent labor market data looks very positive. The number of initial unemployment claims decreased from 212K to 207K (forecast 214K) – a minimum since February.   On Tuesday, April 23, the same day as in the US, preliminary data on business activity came out from the other side of the Atlantic. In Germany, the Manufacturing PMI rose from 41.9 to 42.2, and in the services sector – from 50.1 to 53.3, the Composite Index – from 47.7 to 50.5. Regarding the Eurozone as a whole, a positive dynamic was also noted. Thus, the Business Activity Index in the services sector rose from 51.5 to 52.9 points, the Composite Index from 50.3 to 51.4. The exception was the Manufacturing PMI (a decrease from 46.1 to 45.6). As for forecasts about the start of easing monetary policy by the European Central Bank, the emphasis is still on June. This was once again confirmed by the president of the German Bundesbank and a member of the ECB's Governing Council, Joachim Nagel, who stated on April 24 that a rate cut in June does not necessarily imply a series of rate cuts. In other words, in June – yes, there will be a cut, what happens next – is still unknown.   All of the above indicates that the fundamental indicators are still on the side of the dollar. The EUR/USD correction is likely to be limited and will not be powerful or prolonged. Last week, the pair closed at 1.0692. According to economists from the Singapore-based United Overseas Bank, it is unlikely to have the strength to break through the resistance at 1.0765. As for the forecast for the near future, as of the evening of April 26, 50% of experts expect the dollar to strengthen, 35% – its weakening, the remaining 15% maintained neutrality. Among the trend indicators on D1, 65% are on the side of the bears, 35% – are coloured green. Among the oscillators, a third are on the side of the bears, a third – on the side of the greens, and a third – are painted in neutral gray. The nearest support for the pair is located in the zone of 1.0680, then 1.0600-1.0620, 1.0560, 1.0495-1.0515, 1.0450, 1.0375, 1.0255, 1.0130, 1.0000. Resistance zones are located in the areas of 1.0710-1.0725, 1.0740-1.0750, 1.0795-1.0805, 1.0865, 1.0895-1.0925, 1.0965-1.0980, 1.1015, 1.1050, 1.1100-1.1140.    The coming week promises to be quite turbulent and volatile as it is filled with various important events. On Monday, April 29, preliminary data on consumer inflation (CPI) in Germany will be released. The next day, another batch of German statistics will be released, including GDP and retail sales figures. On the same day, we will learn the preliminary volume of GDP and the level of inflation in the Eurozone as a whole. On Wednesday, May 1, Germany and many other EU countries will have a holiday – Labor Day. However, the United States will continue to work on this day. First, the ADP report on employment levels in the private sector of the country and indicators of business activity in the manufacturing sector will be published. The most important event will undoubtedly be the meeting of the FOMC (Federal Open Market Committee) of the US Federal Reserve on Wednesday, May 1, and the subsequent press conference of the management of this regulator. In addition, on Friday, May 3, we traditionally await another batch of very important statistics from the American labor market, including the unemployment rate and the number of new jobs created outside the agricultural sector (NFP), as well as revised data on business activity (PMI) in the US services sector.   GBP/USD: US PCE Hindered the Strengthening of the Pound   The preliminary statistics on business activity in the United Kingdom released on Tuesday, April 23, were mixed. The PMI in the manufacturing sector of the country crossed from above to below the growth/fall boundary, and with a forecast and previous value of 50.3 points, it actually fell to 48.7. In the UK services sector, on the other hand, there was growth in April – the indicator rose from 53.1 to 54.9 (market expectations 53.0). As a result, the Composite PMI reached 54.0 (52.8 a month earlier). However, all these figures did not attract much attention from investors.   On April 22, GBP/USD fell to 1.2300. The bulls on the pair took advantage of the dollar's overbought condition to return it to the lower boundary of the medium-term corridor of 1.2500-1.2800 in which it had been moving since the end of November last year. However, they did not have enough strength to consolidate within the corridor. The two-week maximum was recorded at 1.2540, after which, pushed by US PCE, the pair went down again and ended the five-day period at 1.2492.   According to specialists from United Overseas Bank, as long as the support at 1.2420 is not broken, there is still a possibility of the pound breaking through the 1.2530 mark. The next resistance, according to them, is at 1.2580. The median forecast of analysts regarding the behaviour of GBP/USD in the near future looks maximally uncertain: 20% voted for the movement of the pair to the south, the same amount – to the north, and the majority (60%) simply shrugged their shoulders. As for technical analysis, the trend indicators on D1 point south 65% and 35% look north. Among the oscillators, the picture is mixed: 25% recommend selling, 25% – buying, and 50% are in the neutral zone. In case of further decline of the pair, it will encounter support levels and zones at 1.2450, 1.2400-1.2420, 1.2300-1.2330, 1.2185-1.2210, 1.2110, 1.2035-1.2070, 1.1960, and 1.1840. In case of growth, the pair will encounter resistance at levels 1.2530-1.2540, 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, 1.2885-1.2900.   No significant statistics on the state of the UK economy are planned for the week.   USD/JPY: Reached the Moon, Next Target – Mars?     We called the previous review "Higher and Higher". Now, it is worth asking at what altitude will this flight into space end? When will the Bank of Japan (BoJ) finally decide on a radical change in its monetary policy?   At the meeting on April 26, the members of the Japanese Central Bank unanimously decided to keep the key interest rate at the previous level of 0.0-0.1%. Moreover, the regulator removed from the statement the reference that it is currently buying JGB bonds for about 6 trillion yen per month. The statement after the meeting states that "the prospects for the development of the economy and prices in Japan are extremely uncertain," "if inflation rises, the Bank of Japan will likely change the degree of easing of monetary policy," however, "it is expected that the eased monetary policy will be maintained for some time."   The market predictably reacted to such decisions of the Japanese Central Bank with another Japanese candle on the chart of the USD/JPY pair. The maximum was recorded at 158.35, which corresponds to the peak values of 1990. There were no currency interventions to save the national currency, which many market participants feared. Recall that strategists from the Dutch Rabobank called the level of 155.00 critical for the start of such interventions by the Ministry of Finance of Japan. The same mark was called by 16 out of 21 economists surveyed by Reuters. The rest predicted such actions at levels of 156.00 (2 respondents), 157.00 (1), and 158.00 (2). USD/JPY has long exceeded the levels at which the intervention took place in October 2022 and where the market turned around about a year later. It now seems that 158.00 is not the limit. Perhaps it is worth raising the forecast bar to 160.00? Or immediately to 200.00?   USD/JPY ended the past week at 158.32. The forecast of analysts regarding the near future of the pair looks as follows: fear of currency interventions still prevails over 60% of them, while the remaining 40% are waiting for the continuation of the flight to Mars. Technical analysis tools clearly have no concerns about interventions. Therefore, all 100% of trend indicators and oscillators on D1 point north, although a third of the latter are in the overbought zone. The nearest support level is located in the area of 156.25, then 153.90-154.30, 153.10, 151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. And it is practically impossible to determine resistance levels. We only note the reversal maximum of April 1990, 160.30, although this target is quite conditional.   No significant events regarding the state of the Japanese economy are expected in the coming week. Moreover, traders should keep in mind that Monday and Friday in Japan are holidays: April 29, the country celebrates the birthday of Hirohito (Emperor Showa), May 3 – Constitution Day.   CRYPTOCURRENCIES: Where Will Bitcoin Fall?   As expected, the fourth halving took place in the bitcoin network at block #840000 on April 20. The reward for finding a block was reduced from 6.25 BTC to 3.125 BTC. Recall that halving is a halving of the reward size for miners for adding a new block to the bitcoin blockchain. This event is embedded in the code of the first cryptocurrency and occurs every 210,000 blocks – until the moment when the mining of 21 million coins (presumably in 2040) ends the emission of cryptocurrency. It should be noted that the fourth halving will provide for the mining of approximately 95% of the entire bitcoin emission, about 99% of all coins will be mined by 2033-2036. Then, the emission will gradually move towards zero.   In the previous review, we promised to tell how the market would react to this important event. We promised – we report: the market reaction is close to zero. For several days after the halving, there was no growth in volatility. The price of bitcoin slowly and lazily moved first upward, reaching $67,269 on April 23, and then returned to where it began its weekly journey: to the $64,000 zone. It seems that market participants froze in anticipation of who would be the first to start buying or, conversely, selling the main cryptocurrency massively.   According to experts from Bitfinex, the post-halving supply restriction stabilizes the price of the first cryptocurrency and may contribute to its growth. "The reduction in the pace of bitcoin issuance after halving, which will amount to $30-40 million per day, contrasts sharply with the daily net inflow of $150 million into spot ETFs. This emphasizes a significant demand and supply imbalance, which may contribute to further price growth," stated the Bitfinex report.   However, analysts from QCP Capital believe that bitcoin optimists will have to wait at least two months before assessing the effect of the past fourth halving. "The spot price grew exponentially only 50-100 days after each of the three previous halvings. If this pattern repeats this time, bitcoin bulls still have weeks to create a larger long position," their report stated.   Anthony Pompliano, the founder of the venture company Pomp Investments, believes that within 12-18 months, the coin is expected to grow to $100,000, with chances of reaching $150,000-200,000. However, before moving to a bull rally, BTC/USD, in his opinion, is waiting for a correction down. At the same time, Pompliano believes that the price will not fall below $50,000. "I think we have already crossed this Rubicon," – he wrote.   The possible upcoming decline of the main cryptocurrency is probably a topic currently much more discussed than its subsequent growth. Many agree that bitcoin coins will appreciate in the long term. But how will quotes behave in the more foreseeable future? Fidelity Digital Assets, the leading issuer of one of the spot BTC ETFs, has already revised its medium-term forecast for bitcoin from positive to neutral. The reason for abandoning optimistic sentiments is several worrying trends in the crypto market. Fidelity analysts noted the growing interest in selling from long-term hodlers. Among them, there is currently a large percentage of profitable addresses, as noted in the company's report. This means that holders may want to lock in profits and start selling BTC. On the other hand, on-chain data indicates that small investors, on the contrary, continue to accumulate the first cryptocurrency. Since the beginning of the year, the number of addresses on which BTC is stored for at least $1,000 has increased by 20% and reached a new historical maximum. "Such a trend may indicate the growing dissemination of bitcoin and its acceptance among 'average' users," – Fidelity noted.   Specialists from CryptoQuant examined the SOPR indicator readings for these categories of investors and made conclusions similar to those of their colleagues from Fidelity. Investments in Bitcoin by "new" whales (owners of coins "aged" less than 155 days) almost doubled the indicator of "old" large players (more than 155 days). At the same time, the increased value of the metric showed that the profits of the "old" hodlers significantly exceed the indicators of the "newcomers". And if the "old-timers" move to fix profits, this may lead to the formation of price peaks. An analysis of the current picture, according to CEO of CryptoQuant Ki Young Ju, also speaks of the need to exercise caution in anticipation of possible corrections and increased volatility.   Recall that earlier, specialists from JPMorgan noted that digital gold is in a state of overbought. And co-founder of CMCC Crest Willy Woo noted that if the price of the first cryptocurrency falls below the support level of short-term holders at $58,900, the market risks moving into a bearish phase.   As of the evening of Friday, April 26, the BTC/USD pair is trading in the region of $63,950. The total capitalization of the crypto market is $2.36 trillion ($2.32 trillion a week ago). The Bitcoin Fear & Greed Index remained in the Greed zone, although it rose from 66 to 70 points.   Finally, in conclusion of the review, our long-forgotten crypto-life-hacks column. It turns out that in order to become a crypto millionaire, it is enough to have a marker and a piece of paper. The possibility of such a way of enrichment was proven by Christian Langlois, also known as Bitcoin Sign Guy. This guy made headlines in many news outlets after showing a notebook sheet with the inscription "Buy Bitcoin" behind the back of the Chair of the Federal Reserve System Janet Yellen. At that moment, the head of the Fed was giving testimony about the state of the US economy. This image instantly spread across the network and became one of the symbols of the emerging crypto industry.   For his misdemeanour, the 22-year-old intern Langlois was disgracefully expelled from the hearings. But after this episode was shown on television, enthusiasts sent 7 BTC to his crypto wallet to thank the guy for his bold move. Four years ago, Christian sold 21 copies of the "cult" sheet at an average price of 0.8 BTC, earning another 16.8 BTC. Thus, his total earnings reached 23.8 BTC, which is more than $1.5 million at the current exchange rate. And a few weeks ago, Langlois was offered another 5 bitcoins for the original, but he refused to sell the sheet. Nevertheless, Christian liked the idea of further monetizing the self-created object of "artistic and historical heritage", and he decided to sell it at an auction, directing the proceeds to finance his startup Tirrel Corp. On April 25, 2024, the auction house Scarce.City reported that the lot, which became a popular meme, was sold for 16 BTC (more than $1 million). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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