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BXBT trade ideas

Bitcoin Macro TP 2 Target: $132.5kTwo simple reasons why Bitcoin's secondary macro target from two different patterns lines up with roughly 132.5k. Could we go higher? Sure, but this is a good measured macro target for this cycle. An old W or double bottom pattern which successfully targeted 62.8k as a macro TP 1 during the last cycle's top, points to a macro TP 2 of 132.5k. A parallel channel formed between last cycle top and the lows that followed it, targeted a more local TP 1 around 75-80k, which we've reached and since exceeded, and its TP 2 is also 132.5k.
BITMEX:XBTLong
by dudebruhwhoa
Bitcoin Mining Profitability: What’s the Break-Even? Hey Miners With the current mining conditions, many miners are facing profitability challenges. Here’s a quick breakdown of where Bitcoin’s price needs to be for mining to break even: Current Mining Profitability: 0.0439 USD/Day per 1 THash/s Power Cost per Day: $12.05 Current Earnings: $4.83 per day (leading to a $7.22 loss per day at the current BTC price) Break-Even BTC Price: To cover power costs and break even, Bitcoin needs to trade at approximately $64,870. At this price point, mining becomes profitable, meaning your daily earnings would equal or exceed your power costs. As the mining landscape evolves, understanding these thresholds is crucial for staying ahead in the game. Keep an eye on these key metrics to navigate the ever-changing profitability of Bitcoin mining! BITSTAMP:BTCUSD
BITMEX:XBTLong
by Popvilla
Bitcoin adjusted to market cycleI think something like this make sense? We are at a 1st leg or wave of impulse, that is led by early adapters. 2nd leg up would be BTC outperforming SPX. 3rd wave would be a market chop w/ still some opportunities. 1st wave -> buy when it's cheap (bellow 70k crowd). Then comes rally to 120-150k. Before it becomes too expensive. 2nd and 3rd wave are led by ppl missing on a bandwagon, good returns. No crystal ball, see what happens:) > Driver is the rate cuts and money at money market funds. You can also see how divergence in BTC/SPX graph was the market top for btc.
BITMEX:XBTLong
by citsvar