Your Crypto Guy ๐Ÿ‡ฎ๐Ÿ‡ณ
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Donโ€™t trade with leverage!
When will this guy keep his mouth shut?
Your Crypto Guy ๐Ÿ‡ฎ๐Ÿ‡ณ
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U.S. February Durable Goods Orders went up by 0.9%, instead of dropping like expected. This means people and businesses are buying more long lasting items like cars and appliances. This shows the economy is doing better because people feel more confident, businesses are investing, and there are fewer problems with getting products!
A few days ago People were worried about a recession, but the data coming in doesnโ€™t indicate a recession anytime soon. Iโ€™m not saying a recession wonโ€™t happen, as anyone knows that anything can change with one bad decision from Trump!
Market trying to recover ๐Ÿ“ˆ
Trump : Letโ€™s talk tariffs again ๐Ÿ“‰
Do you think the recent higher low in Bitcoin is a sign of the bottom?
In the last 48 hours, Bitcoin production cost has been approximately $85,000, and btc price is hovering around the same production level. Keep in mind that the production cost level is important for Bitcoin and miners!
Bitcoin price vs Realized cap For New Whales 2024 vs 2025.
Your Crypto Guy ๐Ÿ‡ฎ๐Ÿ‡ณ
Btc 1D ๐Ÿ“Š
Bitcoin is getting rejected from the same resistance trendline for the 5th time.
Your Crypto Guy ๐Ÿ‡ฎ๐Ÿ‡ณ
In the last 48 hours, Bitcoin production cost has been approximately $85,000, and btc price is hovering around the same production level. Keep in mind that the production cost level is important for Bitcoin and miners!
Bitcoin is currently trading $2.5k below its production cost level, which could put pressure on miners or the risk of miner capitulation. Btc needs to reclaim its production cost level quickly. If it does, weโ€™re in a safer zone otherwise, miners could come under pressure.