#BTC $106,600 🙌

#BTC Had a very good/ healthy weekly close with over $100,000 mark. With that, Daily also closed bullish and printed a New All Time High, meanwhile H4 printed a huge Rejection Candlestick, with new ATH, seems to be having selling pressure. Overall, every TF is bullish so we can expect a break sooner or later.

#US30 UPDATE :

#US30 played as per the plan, Index broke through the Support and dipped attacking Daily Lows everyday. It nearly reached the 43,600 level, missed by 160 points. Sooner or later we can expect that too and eventually at support around 43,190 - 43,370.

The rapid price increase saw little trading activity between $76,000 and $88,000. This suggests an "air gap" that could become a zone of interest if the market corrects lower before attempting to break above $100,000. Analyzing supply distribution during this price discovery phase can provide insights into key support and resistance levels. Consolidation is often needed to confirm new price ranges after sharp moves, and the trading volume profile can reveal potential areas of support or resistance as the market seeks equilibrium.

MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin and has achieved BTC Yield of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hodl 439,000 $BTC acquired for ~$27.1 billion at ~$61,725 per bitcoin. $MSTR

What is URPD (UTXO Realized Price Distribution) ?

#URPD stands for UTXO Realized Price Distribution, to analyze the distribution of Bitcoin's realized prices based on the age of the UTXOs (Unspent Transaction Outputs) or in other words #UTXO Realized Price Distribution (URPD) shows at which prices the current set of Bitcoin UTXOs were created (i.e. each bar shows the amount of existing bitcoins that last moved within that specified price bucket). The price specified on the x-axis refers to the lower bound of that bucket.

The UTXO Realized Price Distribution helps to understand the average cost basis of Bitcoin holders based on when they acquired their coins. It divides the UTXOs into different age groups, such as those acquired within the last 30 days, 90 days, 180 days, and so on, and calculates the average price at which those coins were last moved.

This metric provides insights into the behavior of long-term holders (HODLers) and short-term traders. It allows analysts to determine the levels at which different cohorts of Bitcoin holders may be willing to sell their coins, as well as the potential price levels at which they acquired their holdings.

By analyzing the URPD, one can gain a deeper understanding of the distribution of Bitcoin's realized prices across various time frames and identify potential price points where significant buying or selling pressure may emerge.

#BTC $107,000 🙌

Here's the Analysis of #OSMO :

#OSMO is been moving back and forth of the flip area around $0.63 - $0.67 and going lower with the resistance trendline. Price broke the support trendline and might go bearish, while #Bitcoin hits its ATH levels. Eventually, we'll see rise, so try to accumulate $0.53 - $0.56 looks good support zone.

#BTC printed a new #ATH over $107,000 and now retraced with as per the market conditions. Price again trying to get to the top and potentially make new #ATH today.

#GOLD UPDATE :

#GOLD goes as per the plan and tapped into the zone 1st. Price dropped hard from the resistance around 2.55% and Potential Scale-in at H4 Resistance around 1.64%. That's a pretty good move and now price is below the resistance again and drop might continue till support area around $2618 - $2624.

Bitcoin has had an actively traded price for 5,256 days and has travelled from fractions of a cent to $100k. This journey has included 72 positive monthly candles (including December 2024), with an average gain of 37.4%, and 71 negative monthly candles, averaging a decline of -14.2%.

This reflects the fascinating balance between bull and bear markets and the infamous positive skew during the most consequential periods of price appreciation.

What Is Turing Completeness?

Turing completeness refers to the capability of a system or programming language to solve any problem that can be solved by a machine created by mathematician Alan Turing. It signifies the ability of a system or language to carry out any calculation that a general-purpose computer can perform.

This concept holds significance in the field of computer science as it determines the power of different systems and programming languages. If a system is deemed Turing complete it means it has the capacity to execute any computation that a computer's capable of. Conversely, if a system is not Turing complete it implies limitations, in its abilities.

How Do You Determine Turing Completeness?

A system can be considered Turing complete if it meets the criteria;

1. Input/output operations; The system must have the capability to read data and generate output.

2. Conditional branching; It should be able to alter its behavior based on computation results.

3. Loop constructs; The system must have the ability to repeat sets of instructions times.

4. Computation; It should have the ability to perform any calculation that can be done by a Turing machine.

After establishing these properties it can be concluded that the system meets the criteria of being Turing complete. However, it's important to note that being Turing complete in theory doesn't automatically mean the system is practical or efficient for all calculations.

#BTC $108,000 🙌

Here's the Analysis of #SUSHi :

#SUSHI forming a triangle pattern, forming a support at $1.81 - $1.92 and expected a bounce from the there. Waiting for a clean breakout of the resistance line and for buys and anticipating a break of major resistance area of $2.74 - $3.06.

#BTC gave a new #ATH today and now price is having some strong dump in the market, in H4 its looks strong, but on Daily it looks very healthy retest. Let's see How market performs later on, $100,000 is key area as of now.

Binance Will Delist AKRO, BLZ, WRX on 2024-12-25

https://www.binance.com/en/support/announcement/b140faee7cf9482cb10257308abda245