Bitcoin price 050924

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(Edited)


09:55am is early. I am not used to being up this time of day, not lately.
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https://bitcointicker.co/stamp/btc/usd/1hr/

For a long time I have been late shift but last week and this week, dayshift.

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https://www.bitget.com/trading-bot/spot/BTCUSDT

Yesterday BTC pumped to 58k as I suspected, and then consolidated again down below 57k. This is just another opportunity to accumulate satoshis at bargain prices.

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At 9:11am MST on 050924 the price of BTC is $56,627.41 USD on BitGet.

Last block: 850018

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https://bits.monospace.live/

"A total of 183.12 BTC ($11,163,499) were sent in the block with the average transaction being 0.0259 BTC ($1,578.97). AntPool earned a total reward of 3.13 BTC $190,817. The reward consisted of a base reward of 3.13 BTC $190,817 with an additional 0.0797 BTC ($4,858.83) reward paid as fees of the 7,059 transactions which were included in the block."
https://www.blockchain.com/explorer/blocks/btc/850018

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Bitcoin Dominance: 53.58% (-)

Down from 54.07% yesterday.

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https://coinmarkets.today/

Bitcoin fell lower to $56,408 USD this hour,

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What part of the BTC cycle is this?

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https://bitcointicker.co/stamp/btc/usd/AllTime/

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I have altered this, look at the stock-to-flow and find the same color-coded position of the last halving cycle, to see that FF380 in the last cycle puts us around October 2020.

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https://www.tradingview.com/chart/?symbol=BINANCE%3ABTCUSDT

In six months BTC went from 10k to nearly 60k in April 2021, then consolidated and peaked a second time in November 2021. I think most people were caught off guard, expecting a longer correction. However I have learned that you never want to bet against BTC and it can surprise us all.

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Where is BTC now? Bear trap? Bull trap?

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Do your own research, these are just observations over time.


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5 comments
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What do you feel will happen next in the crypto world?
Bull or bear?

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Short term BTC is testing lows, but soon I expect to rise. I want to buy BTC today.

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I have made my projections recently, in my posts.
From now until July 21, 2025 is probably time to buy BTC.

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