It is the euphoria phase.
There were 3 moments in history that are similar to the current situation. All of this occurred as a result of the liquidity shock in the supply after Halving.
2013: The euphoria phase lasted 54 days.
2017: 320 days
2020-21: 130 days.
2024: It's been 2 weeks.β
RECENTLY: Brazilian YouTube star Lord Vinheteiro was hospitalized after losing access to a Bitcoin wallet worth over $366,000 and had subsequently shared a video searching for the backup in his library, saying, βYou need to find that paper, the house will fall apart,β though it's unclear to whom he was speaking.
GOOD MORNING!
π± The price of Bitcoin continues to trade above USD 91,000 after a long weekend without major movements in the market.
π’ The Fear and Greed Index is in "Extreme Greed" and dropped from 86 to 83 out of 100.
π The global cryptocurrency market capitalization is 3.08 T and the total volume is 189.52 B.
βοΈ Bitcoin and Ethereum ETFs accumulated total income of more than USD 223 million.
Adam Back, CEO of Blockstream, assures that if the United States creates a strategic national reserve in bitcoin, the price could reach one million dollars in this bullish cycle. According to Back, Donald Trump's announcement about this proposal could trigger a FOMO effect (fear of being left out) on a global level.
β BTC "Daily Pennant" Targets $125,000 as Price Nears All-Time High
Bitcoin price nears all-time high, but a break above $93,450 could trigger the next move towards $125,000
