What we look for now is how the Bitcoin price interacts with the Short-Term Holder Cost Basis.
Rejections at this level indicate STHs are fearful, increasing selling pressure at their cost basis.
Breaking this level & holding support suggests optimism amongst this cohort.
Despite China's ban on #Bitcoin mining, Chinese mining pools still hold nearly 54% market share.
While not all participants in these pools are Chinese, some mining farms might still be operating covertly in China, with authorities possibly concealing data.
#Bitcoin difficulty is expected to drop -6% on Friday, the biggest drop since Dec'22 (the FTX collapse), which marked the cycle bottom. Even the May 10 drop at -5.6% has so far marked the bottom.
Again, I wouldn't be surprised if this marked another local bottom. Relief is coming for miners.
🚨 Bitwise buys 636 BTC ($40m)
Biggest inflow day in a month 🔥
🚨 GBTC HODLs
Zero outflows. This is all we can hope for from Grayscale 👏
Bitfarms mined 21% more BTC in June amid Riot takeover attempts
Bitfarms increased its active hash rate to 10.4 exahashes per second in June, a 39% month-over-month increase
Literally, any way of looking at Bitcoin's graph is super bullish. The trend is clear.
I can't understand how can people rather trade this.
https://video.nostr.build/c22650be4de08d3a93f88c528891ed16d1b560d3133cef6cc8b409994fd84e16.mp4
I see mothers swinging their babies #inkblotart
El Salvador foresees a growth of 4% in 2024, what role will bitcoin play?
Data provided by the president of the Reserve Bank, Douglas Rodríguez, indicates that there is already growth higher than that achieved in 2023
Btc Usdt analysis :-
As you can see from the chart above 👆🏻
Btc broke the upper trendline resistance of 62,408
And currently the retesting process is going on, if retest is successful then we can see good pump in btc ✅
However, if it comes again below the trendline resistance then it will be considered a fake out and btc can dump ⚠️
Trade Carefully!
Liquidation heatmap. $BTC 12h, 24h, 3d, 1s and 1mo.
#BTC trying to break the 24Days down trend!
🟠 Dude who reported the #Bitcoin ATH in 2013 at $111 HODLed all the way to $60k 💪
“You buy and HODL #Bitcoin. Keep those diamond hands.” 💎
https://video.nostr.build/2a81ad30f6844f931b5cffb9fb1052c5d9afa63a63a60d274c4fafb47dfe6370.mp4
MT GOX will start paying 140,000 #Bitcoin to its customers starting this week
Historically, BTC and the broader cryptocurrency market have rallied in July, but traders are concerned that the Mt. Gox payments could impact the strength of this trend