The cyclical repetition of bitcoin price is theorized to indicate successive new classes of long term investors being initiated to Bitcoin each halving period.

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🌐 Crypto․ com says global crypto holders increased by 39% to 425 million in 2022.

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#TOTAL2 (Crypto Market Cap Exc. BTC) — ALT's

The Weekly Bullish Divergence kicked in and price could get above 21 and 200 MA (respectively blue and purple lines), also above previous ATH and 70.6% fib level, which is quite bullish!!!

If price manages to hold above these indicators, especially 70.6% fib closing weekly chart, then we could see upside toward next zone of confluence and resistance — 50 MA (red line), golden zone (65.0% fib) and 61.8% fib which confluences with breakout zone (the dotted trend line from top) — more specifically around 600B — 700B which would turn in a sea of green and many opportunities to trade ALT's.

Lose that support, and ALT's will be wiped out once again losing more than 200B market cap — that's the scenario less likely at this point but the toughest to trade going forward!

https://www.tradingview.com/x/BEWpJ4tM/

@Bitcoins

#BTC.D — Bitcoin % Dominance Chart Overview

https://www.tradingview.com/x/UJgyEDv5/

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#BTC

Bitcoin might have started it's correction before going higher, support goes from 19500$ down to 18500$ on a bullish perspective, visible by MA's and other indicators, although this might be a consolidation to go a bit higher before it corrects!

Right now there's no trades to be from a TA point of view, as we don't know if this is a bullish consolidation or the start of a correction for a healthy uptrend.

Daily remains pending bullish albeit it may need a correction toward 19500$ — 18800$ — 18500$

https://www.tradingview.com/x/dpiL8gqJ/

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Bitcoin hashrate hits an all-time-high.

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Bitcoin dominance has hit 41.5% as of Jan. 20 — the highest level over six months.

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Bitcoin is up 41% in 2023.

@Bitcoins

#BTC

Consolidation took it higher and BTC is currently breaking up the massive Falling Wedge formed at top, this is very important breakout and shouldn't be goofed off as everything in this moves (candles itself) are solid and strong!

200 MA (purple line) will act as a resistance and we'd like to see further consolidation on this area to have a better bias of where BTC would like to go next!

200 MA and 23.6% are quite tough resistances to overcome, same as 50 MA on Monthly chart which we are poking at (23200$).

We'll wait for Weekly close as confirmation of this breakout, as it is confirmed on daily!

https://www.tradingview.com/x/BfpSVfD7/

#BTC — Ichimoku Cloud

https://www.tradingview.com/x/9U9lFBfj/

3D Ichimoku Cloud is something to follow up as price approaches to enter the cloud with 100 MA (turquoise line) as resistance.

Once inside the Cloud it should head to break it's roof — see 2D chart as example.

On Jan. 20, a solo miner with a hashrate of only 10 TH/s added block #772,793 to the Bitcoin blockchain according to the pool's admin Con Kolivas.

Per Glassnode, the network’s processing capacity at that time was 273.2 EH/s; the miner's share was 0.000000036%.

👀 "A miner of this size should only find a block solo about once every 500 years at the current bitcoin difficulty, making this a once-in-a-lifetime lucky event for them," tweeted Con.

@Bitcoins

The current bear market is fairly on track with previous bears.

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When BlackRock is done stacking they'll suddenly say that #bitcoin is the most environmentally friendly thing on earth.

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#BTC has found support above 23.6% of this small fib and pattern wise this seems like a bullish pennant.

If it breaks up, we're probably going for the negative fibs above, respectively 24k and 25.6k as targets.

You can trade the breakout, but be aware BTC is in need of a correction for a while now...

https://www.tradingview.com/x/PgwpSy0i/

@Bitcoins

#BTC

Let's adjust the trend lines from the Bullish Pennant, shall we?

There's nothing new to add until it breaks this consolidation either way.

https://www.tradingview.com/x/Mpnsqb3f/

@Bitcoins

Bitcoin miner and hosting provider Blockstream raised $125 million in a convertible note and secured loan financing round.

https://twitter.com/blockstream/status/1618057878602149888

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