Microstrategy is not stopping at any point 🔥🔥

MicroStrategy Buys Additional $10 Million Worth of Bitcoin in Cash

https://bit.ly/2PBulsi

Chinese tech company Meitu has announced that they have purchased $40M worth of crypto including 380 BTC ($17.9M) and 15,000 ETH ($22.1M)

If this turns out to be a bearish market setup, we could expect to see Bitcoin price just above $40k.

This is a bearish market forecast.

The forecast we had for Bitcoin turned out to be the wrong one.

With the current market structure, Bitcoin is targeting a new all-time high.

Bitcoin positions continue to build up, futures open interest crosses $20 billion for the first time.

Bitcoin hit new all-time high!

$344.4 million worth of shorts liquidated in the past 4 hours as Bitcoin breaks $60,000

Stimulus checks will hit American's bank accounts tomorrow. This is what happened on Coinbase last time.

Is Bitcoin bullish or bearish?

Bullish/Bearish?
anonymous poll

Bullish – 424
👍👍👍👍👍👍👍 74%

Bearish – 146
👍👍 26%

👥 570 people voted so far.

Insider information: ADA will be listed on Coinbase within 2 weeks.

Buy at your own risk!

Target for ADA is new high probably around $1.8-2.0

Long-Term Holder MVRV at 20+ has been a good indicator of #Bitcoin market tops in previous cycles.

Currently at 10, it indicates room for more upwards movement.

$BTC was trading at ~$4,500 at these levels in 2017 – and made another 4.4x to the peak.

67% of all energy produced is lost. #bitcoin mining primarily uses this waste energy. Energy concerns about bitcoin mining are mostly plain wrong.

According to DefiPulse, 9.2 million Ether—around 8.2% of the circulating $ETH supply—is now locked in the DeFi ecosystem.

Bitcoin testing really important cluster of support lines.

Bulls don’t want to see close below any of these two cause we would get way bigger correction than the current one.

Ethereum is looking ready to test trendline.

For a bullish scenario, it would be way better to front-run the actual trendline and find support somewhere at my imaginary red trendline.

That would be great for bulls.

The 20th richest person in the world is now anonymous.

Satoshi Nakamoto, the creator of #Bitcoin, may have up to $60 billion of the coin. With the recent price increase, they have now surpassed Mike Bloomberg's net worth.

Looking good

Bitcoin is above both support areas which is pretty good for bulls.

If we see close above a recent high, we could easily see a big green candle.