GM
Maybe some kind of "spam attack" with random content?
To drive some "unscalable blockchain" narrative, like "bitcoin may bloat up in size and slow down to halt s00n"-like stuff?
Just wondering.

EDIT: Oh yeah, i consider NFT as blockchain spam, too 

I had to deposit some corn into Kraken yesterday. Was scared from what I saw on https://jochen-hoenicke.de/queue/.
At the end I paid a fee of ~$0.35 (@ 7sat/vb) to move ~0.2 BTC within 15minutes.
IMO this whole ordinal crap just lifted the base fee from 1sat/vb to 5-10sat/vb which is still incredibly cheap for what it is.
Me thinks it looks like the whole fee-market-mechanic built into Bitcoin is working as intended.

Even if mempool is having a huge queue right now, it is almost exclusively 1sat/vb transactions, pay a little more and things are as fine as they were before ordinals came along.

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Very much at the Weekly death cross now. Price has reclaimed $24K with a ~10% engulfing candle after 3 weeeks of consolidation meaning there is plenty of room to the upside if $25K breaks. Price isn't even overbought on Daily time-frame like it was for around 3 weeks last month. This is where many think price will get heavily rejected, like previously at $24K, but I'm not one of those people.

For starters, the 200 Week MA is trending upwards still, so shouldn't act as resistance. Not forgetting that it failed to act as support on the way down or resistance after a re-test given it was reclaimed for a few weeks back in August. Really it's only about the 50 Week MA that's trending downwards in bearish formation. Like 2019, it may hold back price for a week or so but with momentum isn't as difficult to break as many assume.



Confirmation for the rounding bottom confirms above $25K with a +50% move to around $37.5K imo with price back on the 2019 track for another parabolic move to the upside.



Still waiting for many bears to flip bullish again. They are all convinced that $25K will hold as resistance. If it doesn't, they'll be buying back between $25K and $30K and finally admit they were wrong.

Like Capo: https://twitter.com/easyeight08/status/1623715156571168768

Buddy stops here.

Bitcoin go ahead🎢

Funny, an amateur radio balloon went missing/dark between Alaska and Canada last week:


The highly sophisticated spy gears were like this (oversimplified schematics ofc):



That's pretty literally shooting sparrows with cannons.

Good morning Bitcoinland.

I see another AYH. How pleasant.

$25k soon?

Edit: That didn't take long.