Unchained’s Post

Since the 2012 halving, Bitcoin has increased by over 500,000%, going from $12 to almost $70,000. Most of this price increase happened in just three periods that totaled less than two years. For the other ten years, Bitcoin mostly stayed flat or went down. Each price surge started in the year after a halving event. While many people try to predict the exact lowest and highest prices, it's not that important in the long run. Historically, this is one of the best times to buy—months after the halving and below the previous high. Is it possible for Bitcoin to drop back into the $40,000 or $50,000 range for a brief time? Yes, but that shouldn't take your focus away from the strong price increases that are likely coming soon. The real excitement of this bull market hasn't even begun yet.

Bitcoin is pulling back after hitting new all-time highs at $73,000. If this drawdown continues, I think it's vital to watch the Short-term Holder Realized Price, which calculates the aggregate cost basis of all Bitcoin exchanged over a trailing 6-month period. The STHRP is currently $52,900. This dynamic support (and resistance) level has been an effective cycle indicator throughout Bitcoin's 15-year history.

In the past month, only ~6% of bitcoin has moved—a level of HODLing behavior only surpassed once in October 2023, when bitcoin was $27,000. Despite being up 160% over the past year, hardly any coins are changing hands. View a live chart of the HODL Waves: https://lnkd.in/eAd34QTZ

Bitcoin has hit new heights 🎯 Yesterday, Bitcoin hit the ☀️ limelight with it approaching a price of 💰 $57,000, which is really the biggest 💥 boom since the end of 2021. A week ago it was 🤔 expected that breaking the 53,000 USD mark would bring the price to 55,000 USD and then to 57,000 USD, and those predictions have ✅ been confirmed. Within a short period of time, Bitcoin reached two 🔑 key price levels, indicating strong 📈 market growth.

Bitcoin closed the month with an increase of 43.55%, Ethereum - 46.28% The last time Bitcoin closed February with gains this high was in 2013. Then the price of the asset jumped by 61.77% over the month.

Bitcoin reached $71,785 on the morning of May 21 after two months of decline, with investors hopeful it will surpass its all-time high (ATH). BTC rose 8% in 24 hours and over 13% in seven days. This is the second time this year that BTC has surpassed the $71,000 mark, previously hitting $73,737 in mid-March, the highest level ever recorded. Bitcoin's price increase has spurred overall market growth. #Coinbay #Bitcoin #BTC

The price of BTC fell below $66,000 due to an extended correction following Mt. Gox's transfer of over $2 billion worth of Bitcoin to new addresses, with potential market impacts from the extended correction.

Bitcoin(BTC) Surpasses 72,000 USDT with a 3.84% Increase in 24 Hours. This surge in value has led to renewed interest and excitement among investors. Many are speculating that this upward trend will continue, pushing the price even higher. However, there are also concerns about a potential market correction. It will be interesting to see how the price of Bitcoin(BTC) evolves in the coming days.