Bitcoin versus Miners Performance

by Ashraf Laidi
Apr 9, 2024 16:02

As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners (except for CLSK). I have laid out below a chart showing Bitcoin daily (price) and the stock performance of bitcoin miners (% change) as well as of Coinbase stock since 2023. Also take a look at some of the messages I've sent recently to the WBG below. And if you cannoy read some of the messages in the WBG snapshots, here's one of them:

"I was expecting 58K or 60K so that I could probably buy some but we're not getting that. There's another 2 weeks left to come before we see those declines that normally happen around the halving (April 19th). We could well see selling in the 10-14 days BEFORE & AFTER the halving. So far BTC has fallen 17% from the highs, but im looking for 20% or 25%, which gives us $60000 in line with the trendline support from the Jan 23 low. Do NOT NOT trade Bitcoin on leverage".
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Bitcoin versus Miners Performance - Bitcoin Miners Apr 9 2024 (Chart 1)

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Bitcoin versus Miners Performance - Whatsapp Bitcoin Bits (Chart 2)


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