{"id":13288,"date":"2024-05-07T14:59:17","date_gmt":"2024-05-07T11:59:17","guid":{"rendered":"https:\/\/forklog.com\/en\/anthony-pompliano-bitcoins-resilience-reaches-new-heights\/"},"modified":"2024-05-07T14:59:17","modified_gmt":"2024-05-07T11:59:17","slug":"anthony-pompliano-bitcoins-resilience-reaches-new-heights","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/anthony-pompliano-bitcoins-resilience-reaches-new-heights\/","title":{"rendered":"Anthony Pompliano: Bitcoin&#8217;s Resilience Reaches New Heights"},"content":{"rendered":"<p>The 200 <span data-descr=\"day moving average\" class=\"old_tooltip\">DMA<\/span> has reached a new <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span> above $50,000. This indicates that Bitcoin is &#8220;stronger than ever,&#8221; stated Anthony Pompliano, founder of Pomp Investments.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin&#8217;s 200 day moving average just hit a new all-time high.<\/p>\n<p>GBTC saw the first day of inflows in 78 days.<\/p>\n<p>Don&#8217;t get lulled to sleep by bitcoin going sideways. The long-term thesis is as strong as ever.<\/p>\n<p>Here is my segment on <a href=\"https:\/\/twitter.com\/SquawkCNBC?ref_src=twsrc%5Etfw\">@SquawkCNBC<\/a> this morning. <a href=\"https:\/\/t.co\/BG6GkzqVIi\">pic.twitter.com\/BG6GkzqVIi<\/a><\/p>\n<p>\u2014 Pomp ? (@APompliano) <a href=\"https:\/\/twitter.com\/APompliano\/status\/1787466346671817208?ref_src=twsrc%5Etfw\">May 6, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;In the long term, digital gold continues to appreciate, although its price is volatile on a daily basis. Don&#8217;t be lulled into complacency by the sideways trend. The long-term thesis is stronger than ever,&#8221;<\/em> the expert stated.<\/p>\n<\/blockquote>\n<p>Analyst and CMCC Crest co-founder Willy Woo highlighted whale activity.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Never has there been such a buying spree by high net worth <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> holders as has happened in the last 2 months with BTC ranging between 60-70k.<\/p>\n<p>These are the guys holding between 100 and 1000 BTC or roughly $6.5m \u2014 $65m of BTC. <a href=\"https:\/\/t.co\/oUuqD5UNdG\">pic.twitter.com\/oUuqD5UNdG<\/a><\/p>\n<p>\u2014 Willy Woo (@woonomic) <a href=\"https:\/\/twitter.com\/woonomic\/status\/1787784015740862554?ref_src=twsrc%5Etfw\">May 7, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Never before has there been such a buying spree by wealthy holders as in the last two months, when the price ranged between $60,000 and $70,000. These are those holding between 100 BTC and 1000 BTC, or roughly $6.5 million to $65 million,&#8221;<\/em> he explained.<\/p>\n<\/blockquote>\n<p>CryptoQuant recorded low activity among holders of 1000-10,000 BTC. According to analysts, this group typically contributes to significant downward volatility in the market.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"cryptoquant_official\/2345\" data-width=\"100%\"><\/script><\/p>\n<p>From this observation, experts made two assumptions:<\/p>\n<ol class=\"wp-block-list\">\n<li>They may not want to sell yet, as the cycle continues to develop.<\/li>\n<li>There is demand in the <span data-descr=\"over-the-counter market\" class=\"old_tooltip\">OTC<\/span> capable of absorbing large sales volumes even without exchange deposits following ETF approval.<\/li>\n<\/ol>\n<p>MN Trading founder Micha\u00ebl van de Poppe pointed to the crucial support level at $60,500.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> looking for continuation within this range.<\/p>\n<p>Crucial level for me is the $60.5K level.<\/p>\n<p>If that holds, then there&#8217;s a likely chance of continuation to $70K in the upcoming 1-2 months. <a href=\"https:\/\/t.co\/8LBYOrPnyB\">pic.twitter.com\/8LBYOrPnyB<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1787765564167033305?ref_src=twsrc%5Etfw\">May 7, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;If it holds, then there&#8217;s a likely chance of continuation to $70,000 in the upcoming one to two months,&#8221;<\/em> the specialist predicted.<\/p>\n<\/blockquote>\n<p>Trader and analyst Rekt Capital reported the first cryptocurrency&#8217;s exit from the post-halving &#8220;danger zone&#8221; and the beginning of a re-accumulation phase.<\/p>\n<p>Earlier, former BitMEX CEO Arthur Hayes suggested Bitcoin could surpass the $60,000 level and move towards $70,000 by August.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 200 DMA has reached a new ATH above $50,000. This indicates that Bitcoin is &#8220;stronger than ever,&#8221; stated Anthony Pompliano, founder of Pomp Investments. Bitcoin&#8217;s 200 day moving average just hit a new all-time high. GBTC saw the first day of inflows in 78 days. Don&#8217;t get lulled to sleep by bitcoin going sideways. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1509,1146,1205,1253,1514],"class_list":["post-13288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-anthony-pompliano","tag-cryptocurrency-market-forecasts","tag-cryptoquant","tag-technical-analysis","tag-willy-woo"],"aioseo_notices":[],"amp_enabled":true,"views":"33","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/13288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=13288"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/13288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/13287"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=13288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=13288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=13288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}