Bitcoin’s Debt Drama Could Push It Higher 🖤
us federal debt just blasted past 40 trillion and rising yields might shove cash into gold and btc alike 🌙 their model points near 105000 tho a stronger dollar from fed hike bets and the strait of hormuz staying closed could slow things but past dollar runs hurt gold way more than bitcoin so they ain’t sweating it rn the og coin has been chilling between 83000 and 85000 after that 87000 rejection last week sitting just above 83000 with a 4 percent dip over seven days yet still up nearly 10 percent in two weeks and over 7 percent from 30 days ago plus the third quarter clocks in at 4222 percent the best q3 since 2017 💸 etf flows came roaring back with 28 billion in net inflows this month for a total 576 billion cumulativeThe Path Straight To 215k Looks Wild ✨
in prior cycles bitcoin surged at least 85 percent past average holder cost basis around 142000 today 🕸️ bit clarified this marks a bull market reference not some hard minimum or final peak since price historically kept climbing after but no guarantees it repeats last time it hit the 85 percent mark near 73000 back in march 2024 before peaking at 126000 if that multiple shrinks to 13 to 15 times on the 142000 base we could see 185000 to 215000 timing feels loose tho probably 2028 or 2029 vibes but they call it stretched after the fast climb so pauses or bigger pullbacks might sneak in 💀Just another echo from the void by iconofsin.eth 💖
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