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@BitPaine "2017: $34M daily needed for BTC at $19,000 with 1800 mined/day. 2024: $42M (adjusted) could support $93,000 at 450 BTC/day. 10X more capital in #bitcoin now hints at a higher potential. Halvings play a key role in reducing selling pressure. #BTCProjection #HalvingImpact"
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A little $1M #BTC math for you:
In Dec 2017, the pico top of the bull market reached ~$19,000.
At the time, 1800 #BTC were being mined each day, such that to sustain this price, $34M per day would need to enter #bitcoin.
In Dec 2024, seven years and two halvings later, the same amount of USD capital, inflation-adjusted, will be ~$42M, and would sustain a #BTC price of $93,000 at 450 #BTC per day..
If you think 10X the capital as seven years ago now has interest in and access to #bitcoin (a conservative estimate)… well… I’ll leave the rest of the math to you.
This is the true power of the halving: reduced selling headwind at the cycle top.
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@rektcapital "Rothschild's advice 'Buy when there’s blood in the streets, even if it's your own,' is key in #BTC & #Crypto. It's about bold moves in panic, often against our instincts, for potential profit. #Bitcoin #InvestingCourage"
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@lookonchain "BlackRock's iShares Bitcoin Trust adds 4,808 BTC from #CoinbasePrime, now holding 33,431 BTC. A major move by a key player, signaling strong institutional belief in Bitcoin's value. #CryptoTrend #BTCInvestment"
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iShares Bitcoin Trust (#BlackRock) received 4,808 $BTC($194.4M) from #CoinbasePrime 9 hours ago and currently holds 33,431 $BTC($1.33B).
platform.arkhamintelligence.com/explorer/entit…

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@rektcapital #BTC shows fear and greed are cyclical. We've seen fear at bear market lows and now post-halving. History suggests greed will return. Use this time wisely to prepare for the next cycle. #Crypto #Bitcoin
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#BTC
Fear and greed are cyclical
There was fear at the Bear Market Bottom
And there is fear now after the recent Pre-Halving top
But greed will be back
Make the most of this moment in time
$BTC #Crypto #Bitcoin
Rekt Capital@rektcapital
Much like people didn’t believe extreme fear & maximum pessimism would affect #BTC at the height of the Bull Market… Now people struggle to believe how $BTC & #Crypto can recover after everything that has transpired in 2022 Fear & greed are cyclical BTC will be back #Bitcoin
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#Bitcoin 🎯💯
💥Bitcoin Encounters Mid-Cycle Resistance Sell Zone💥
Bitcoin's recent price action has been met with a strong rejection near the mid-cycle resistance sell zone. This is a common occurrence in bull markets, and it could be a sign that Bitcoin is preparing to retest the 20MA weekly.
MVRV-Z Score Suggests Bull Market is Just Beginning
Despite this short-term setback, the MVRV-Z score, a key indicator of Bitcoin's market cycle, suggests that the bull market is still in its early stages. The MVRV-Z score compares Bitcoin's current price to its average price over the past 90 days, and when the score is high, it indicates that Bitcoin is overvalued.
2 Steps Forward, 1 Step Back: The Rhythm of the Market
While it's tempting to panic after seeing Bitcoin pull back, it's important to remember that market corrections are a natural part of the cycle. Bitcoin has always experienced these pullbacks, but it has always rebounded and continued to climb.
Hold Tight and Stay Patient
If you believe in the long-term potential of Bitcoin, then now is not the time to panic. Instead, use this opportunity to buy more Bitcoin at a discount. Remember, the stock market is a marathon, not a sprint.
Stay tuned for more updates on Bitcoin's price action.

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$BTC ETF - APPROVED ✓
$ETH ETF - SOON
Ethereum Beta Watchlist:
• $ARB - King of L2
• $OP - OP Stacks provide great revenue
• $LDO - Top liquid staking
• $RSTK - Restaking narrative
• $SSV - Staking infrastructure
• $FXS - Huge comprehensive ecosystem
• $PENDLE - Yield trading simplified
• $LBR - Robust stablecoin backed by LSD yield
• $OGV - Lowcap LSDfi with $100M TVL
• $SNX - Deep liquidity provisioning protocol
• $ENS - Ethereum OG
• $PEPE - Biggest meme on ETH
• $MKR - Major Ecosystem includes DeFi, RWA and more
• $BLUR - Best NFT trading platform
Projects that haven't launched a token yet:
• @eigencloud - Earn Points
• @KelpDAO - Earn Kelp Miles
• @AstridFinance - Earn Astrid Points
• @ether_fi - Earn Loyalty Points
• @swellnetworkio - Earn Pearls
• @renzoai - Earn ezPoints
• @InceptionLRT - Earn Points by hold $stETH or $rETH
• @Blast_L2 - Earn points by bringe
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#Bitcoin is far from finished.
Every time the DAX INDEX has made a new ATH, $BTC has risen significantly from this point.
This was the case in 2013, 2017 and 2020.
The DAX INDEX is currently making a new ATH again.
2024 will be lifechanging for many out there.🔥🫂

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#Bitcoin following our plan perfectly 🤝

Mags@thescalpingpro
#Bitcoin plan for December if current support holds 🤝
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