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The Bitcoin price jumped back above the $49K zone on Saturday. 30-day statistics show the value of bitcoin has swelled by 50% over the last month and many believe that this BTC bull run is not over.
Popular stock-to-flow (S2F) creator Plan B recently shared a S2F chart that indicates a possible “2nd leg of this bull market.”
“Both bitcoin S2F (white line) and on-chain signal (color, not red yet) still indicating a 2nd leg of this bull market,” Plan B wrote. Following this statement, Plan B was asked: “Are we shooting for $288k again? Or still $100k? I’m confused.” The S2F analyst replied and said:
"IMO we are going up, first to 100k, then 288k."
In other trending Bitcoin news today: Coinbase Investing $500,000,000 in ‘Diverse Portfolio’ of Bitcoin and Crypto Assets!
Coinbase CEO Brian Armstrong says that the cryptocurrency exchange will purchase digital assets worth more than half a billion dollars to add to its existing holdings. Armstrong says that Coinbase will be allocating 10% of its quarterly profits toward the purchase of crypto assets in the future.
“We recently received board approval to purchase over $500 [million] of crypto on our balance sheet to add to our existing holdings. And we’ll be investing 10% of all profit going forward in crypto. I expect this percentage to keep growing over time as the cryptoeconomy matures.”
???? Daily Letter: http://letter.cryptonewsalerts.net
???? Blog / Podcast: http://cryptonewsyes.com
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Show Notes / News Resources:
✔ Bitcoin Partnership Unlocks 85K Merchants: https://bit.ly/3z7pr8h
✔ Missouri Mayor BTC Giveaway: https://bit.ly/3mnu3mX
✔ Coinbase $500M Crypto Investment: https://bit.ly/3B0bU2J
✔ $288K S2F Bitcoin Prediction: https://bit.ly/3AVao1Q
???? DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
#Bitcoin #BTC #BitcoinNews #cryptocurrency #crypto #prediction #ethereum #eth #ripple #xrp #cardano #ada #hodl #gold #invest #altcoins #defi #2021 #forex #investing
???? Blockfi Bitcoin Rewards Credit Card: https://bit.ly/3eUm5NW
The Bitcoin price jumped back above the $49K zone on Saturday. 30-day statistics show the value of bitcoin has swelled by 50% over the last month and many believe that this BTC bull run is not over.
Popular stock-to-flow (S2F) creator Plan B recently shared a S2F chart that indicates a possible “2nd leg of this bull market.”
“Both bitcoin S2F (white line) and on-chain signal (color, not red yet) still indicating a 2nd leg of this bull market,” Plan B wrote. Following this statement, Plan B was asked: “Are we shooting for $288k again? Or still $100k? I’m confused.” The S2F analyst replied and said:
"IMO we are going up, first to 100k, then 288k."
In other trending Bitcoin news today: Coinbase Investing $500,000,000 in ‘Diverse Portfolio’ of Bitcoin and Crypto Assets!
Coinbase CEO Brian Armstrong says that the cryptocurrency exchange will purchase digital assets worth more than half a billion dollars to add to its existing holdings. Armstrong says that Coinbase will be allocating 10% of its quarterly profits toward the purchase of crypto assets in the future.
“We recently received board approval to purchase over $500 [million] of crypto on our balance sheet to add to our existing holdings. And we’ll be investing 10% of all profit going forward in crypto. I expect this percentage to keep growing over time as the cryptoeconomy matures.”
???? Daily Letter: http://letter.cryptonewsalerts.net
???? Blog / Podcast: http://cryptonewsyes.com
???? YouTube: http://cryptonewsalerts.net
???? Spotify: http://spotify.cryptonewsalerts.net
???? iTunes: http://itunes.cryptonewsalerts.net
???? Twitter: https://twitter.com/CryptoNewsYes
???? Facebook: http://fb.cryptonewsalerts.net
???? Telegram: http://telegram.cryptonewsalerts.net
???? TikTok: http://tiktok.cryptonewsalerts.net
Show Notes / News Resources:
✔ Bitcoin Partnership Unlocks 85K Merchants: https://bit.ly/3z7pr8h
✔ Missouri Mayor BTC Giveaway: https://bit.ly/3mnu3mX
✔ Coinbase $500M Crypto Investment: https://bit.ly/3B0bU2J
✔ $288K S2F Bitcoin Prediction: https://bit.ly/3AVao1Q
???? DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
#Bitcoin #BTC #BitcoinNews #cryptocurrency #crypto #prediction #ethereum #eth #ripple #xrp #cardano #ada #hodl #gold #invest #altcoins #defi #2021 #forex #investing
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