Thanks for your technical analysis. In order for the conditions to improve, it is necessary to exceed USD 50,000 in a short time.
I would like to talk about a fundamental analysis I did today. It can leave a positive impact on the BTC price.
BlackRock, the world's largest asset management company, made huge investments in Bitcoin mining companies in the second quarter of this year. The company has just revealed that it has invested $382 million 962 million in Marathon Digital Holdings and Riot Blockchain, according to a June 30 U.S. Securities and Exchange Commission (SEC) document.
With this investment, BlackRock's share in Marathon was 6.71% and in Riot Blockchain 6.61%. According to details given by Forbes media, the asset management company spent $206 million on its investment in Marathon and $176 million on Riot. These figures are a huge investment for the companies themselves.
I appreciate BlackRock company. He first stepped into the cryptocurrency universe in 2019 by hiring Robert Mitchnick, Ripple's product marketing manager at the time. Mitchnick currently works under BlackRock and is the manager of distributed ledger technology and digital assets.
As it is known, after the closure of miners in China, the difficulty level in Bitcoin mining dropped to a record level. With the difficulty falling, the undisturbed miners, which got ahead of their competitors, mined more Bitcoin. In other words, it is obvious that both US-based companies benefited heavily from the bans in China and made a profit.
Bitcoin is now traded in the center of a nation that support it.
As you said, it should fix itself above 47k and then see 50k levels. It needs to happen in a short time so that the conditions of the situation do not get better. The uptrend looks close. It will be inevitable when we pass the critical points.
I hope that with the momentum gained by this nice comeback, Bitcoin will rise even higher. I think we will continue in the rising trend without forgetting the fact that there may be small decreases.
Where people are now desperate, the crypto market is rising. I think. So I think if we can be cool and do reverse psychology, we'll be much more profitable.
It seems even more bullish than the last analysis, plus there is noticeable upward movement on major alts. There will be of course some corrections, otherwise our bulls wouldn't be healthy, yet I think in overall picture we will stay in the up trend.
I'm wondering and waiting for your surprise analysis. Thanks Phantom!
altcoins still haven't risen as much as I thought. last year there would be coins that did 10x 20x a week. If BTC stays stable above 50k, its dominance falls and the time of altcoins begins.
I like using indicators and they really work. Bitcoin seems to have survived those bad days. I hope better days await us. Thanks for the analysis, Phantom!
Great analysis. I examine it carefully every week and see how the technical analysis works.
I like processes like this. I'm doing an analysis, looking at other analyses. I'll compare it later. Over time, I see that you need to pay more attention to which one works and where.
Especially ichimoku is a great thing. I think it signals very well.
I think we will enter 2022 with a new ATH. For Bitcoin. I hope that the things that will be most useful for the crypto world will come true.
Thanks for your hard work. I'm really taking it into account and it's great analysis.
We are at a very important point right now. As it is known, BTC drops in the summer months, but the summer months are about to end. We will either sink or win. so reading this article felt like medicine to me.
I think that the expectation of the society is as important as the analysis. If we had asked people a few months ago if the BTC price would increase, most people would have said no. But things have changed. After the rise of BTC in the past weeks, people's hopes have risen. i mean the doubts are gone btc's rise is unstoppable
Usually, when there's a rise, bad news immediately spreads. I see this as a good sign. When everyone says they're going to rise, bad things usually happen when there's positive manipulation in the news. I just followed him so far. From now on, I'll try to turn crises into opportunities.
I just saw your comment. 2 days after you posted. you have good news and bad news. As you said, the good thing is that btc has passed 50 thousand. The worst thing is that BTC dropped to 48K again, but I'm not surprised at all because BTC got us used to the declines.
Thanks for your technical analysis. In order for the conditions to improve, it is necessary to exceed USD 50,000 in a short time.
I would like to talk about a fundamental analysis I did today. It can leave a positive impact on the BTC price.
BlackRock, the world's largest asset management company, made huge investments in Bitcoin mining companies in the second quarter of this year. The company has just revealed that it has invested $382 million 962 million in Marathon Digital Holdings and Riot Blockchain, according to a June 30 U.S. Securities and Exchange Commission (SEC) document.
With this investment, BlackRock's share in Marathon was 6.71% and in Riot Blockchain 6.61%. According to details given by Forbes media, the asset management company spent $206 million on its investment in Marathon and $176 million on Riot. These figures are a huge investment for the companies themselves.
I appreciate BlackRock company. He first stepped into the cryptocurrency universe in 2019 by hiring Robert Mitchnick, Ripple's product marketing manager at the time. Mitchnick currently works under BlackRock and is the manager of distributed ledger technology and digital assets.
As it is known, after the closure of miners in China, the difficulty level in Bitcoin mining dropped to a record level. With the difficulty falling, the undisturbed miners, which got ahead of their competitors, mined more Bitcoin. In other words, it is obvious that both US-based companies benefited heavily from the bans in China and made a profit.
Bitcoin is now traded in the center of a nation that support it.
Thank you for reading. I wish you a good day.
Wow i felt illuminated
Thanks for the information you provided!
<3
Thank you so much for sharing your fundamental analysis. For me is very valuable <3
you're welcome
great contribution mate thanks
That's very bullish indeed. Thanks for sharing
I totally agree with you and I think these indicators will work.
I think we have an uptrend ahead of us.
The probability of a drop seems very low.
I believe that if we exceed forty-seven thousand, we can easily exceed fifty thousand.
Looking at the equality graph, I think there may be some correction, but if it exceeds forty-seven thousand, fifty thousand will be easily seen.
The Fibonacci levels are also bullish.
We can follow the definite resistance points that there will be an increase in general and make inferences.
Thanks for the article Phantom Puppeteer :)
As you said, it should fix itself above 47k and then see 50k levels. It needs to happen in a short time so that the conditions of the situation do not get better. The uptrend looks close. It will be inevitable when we pass the critical points.
Thanks for your guesses, Sezgin.
I hope that with the momentum gained by this nice comeback, Bitcoin will rise even higher. I think we will continue in the rising trend without forgetting the fact that there may be small decreases.
Thanks for the analysis, Phantom.
I hope people don't panic about the small falls you mentioned. There are no coins that are constantly rising without ever falling.
It is inevitable that there will be people to panic. Trading and crypto is pure psychology. They will be the losers :)
i felt sorry for them
You are right. Somebody's gonna lose, somebody's gonna win.
Where people are now desperate, the crypto market is rising. I think. So I think if we can be cool and do reverse psychology, we'll be much more profitable.
For this, I look at the Crypto Fear & Greed Index. A reverse transaction is risky, but money that does not receive btc from 30 k is difficult to earn.
It seems even more bullish than the last analysis, plus there is noticeable upward movement on major alts. There will be of course some corrections, otherwise our bulls wouldn't be healthy, yet I think in overall picture we will stay in the up trend.
I'm wondering and waiting for your surprise analysis. Thanks Phantom!
altcoins still haven't risen as much as I thought. last year there would be coins that did 10x 20x a week. If BTC stays stable above 50k, its dominance falls and the time of altcoins begins.
Then it's time to look at the project.
I like using indicators and they really work. Bitcoin seems to have survived those bad days. I hope better days await us. Thanks for the analysis, Phantom!
we will see good days , we will se sunny day
Together!
Great analysis. I examine it carefully every week and see how the technical analysis works.
I like processes like this. I'm doing an analysis, looking at other analyses. I'll compare it later. Over time, I see that you need to pay more attention to which one works and where.
Especially ichimoku is a great thing. I think it signals very well.
I think we will enter 2022 with a new ATH. For Bitcoin. I hope that the things that will be most useful for the crypto world will come true.
Thanks for your hard work. I'm really taking it into account and it's great analysis.
I need good things for 2022 ath. But a virus that is bad for the world can do ath again.
2021 didn't go well because of the pandemic. I hope 2022 will be a year that is both good and cryptocurrencies are appreciated.
We are at a very important point right now. As it is known, BTC drops in the summer months, but the summer months are about to end. We will either sink or win. so reading this article felt like medicine to me.
I think that the expectation of the society is as important as the analysis. If we had asked people a few months ago if the BTC price would increase, most people would have said no. But things have changed. After the rise of BTC in the past weeks, people's hopes have risen. i mean the doubts are gone btc's rise is unstoppable
Yeah, there's a drop in crypto during the holiday season. People rise when they work. I hope what's best for the crypto world happens.
If you don't turn crises into opportunities, you can't make money.
if there's a second shutdown and a wave of viruses, a new ath is waiting for us.
Thanks for the analysis. Now the technique looks very good.
But in general, such rises can also come to the fore in the news. I hope there's no bad news.
On the contrary, good news constantly comes and allows you to break the resistance.
We'll all watch and see.
I'm following harder these days. I have a position in futures.
I hope it goes above 50k, as in your analysis.
Once again, many thanks.
Have a nice day.
Usually, when there's a rise, bad news immediately spreads. I see this as a good sign. When everyone says they're going to rise, bad things usually happen when there's positive manipulation in the news. I just followed him so far. From now on, I'll try to turn crises into opportunities.
If you don't turn crises into opportunities, you can't make money.
This is a awesome analysis, thank you for presenting it to us.
How are you so accurate Everytime lol
You are da man ( In Adams Voice )
BTC is at 49.2K at the moment i am writing this comment and if it crosses 50K today then we might see a good price after crossing that 50K
Thanks for the Analysis phantom
I just saw your comment. 2 days after you posted. you have good news and bad news. As you said, the good thing is that btc has passed 50 thousand. The worst thing is that BTC dropped to 48K again, but I'm not surprised at all because BTC got us used to the declines.
It's safe to say that Bitcoin always goes up. Easiest investment ever.
It will always rise in the long run. The person who does not believe in this anyway should leave this crypto market immediately.
You are a really good quality writer with excellent analysis and research. I love seeing you here.
I will definitely follow your other articles.
Thanks for the article.
really great illustrations and a nice technical analysis.
I love your perspective on things.
It's good to see that you are aiming to make use of all parameters and achieve the best result.
You wrote earlier that the bull run for bitcoin is not over.
I believe that we are focused on the target of 100000 dollars and we will get there.
great things will continue to happen to the market and it is a privilege to follow you.
thanks dude.
for great article
As if Bitcoin will easily surpass its goals. Next year, we'll say not 100k, but maybe 500k.
maybe one day
Good and sensible advice.
I will review a few more of your articles and make moves accordingly.