Miners' earnings fell 26% in June. The growth of the hash rate supports the complexity of the calculations, and there's quite negative basis for the work of miners. So far, they are trying to maintain market share, but after halving and in case of correction, the inevitable will happen: the miners will still have to leave the market, having sold out the latest bitcoin savings. Thus, it is after the coin price falls, after the miners leave and the sale of mined coins is stopped, the market can begin to balance.
Carlit0oo July 14, 2020 Reply
The current sidewyas trading has been going on for 2.5 months, and this is quite a lot for the cryptocurrency market. In the case of bitcoin, no matter how volatile the asset may be in the short and medium term, in the long-term format, the digital currency shows growth. Since the beginning of 2020, bitcoin has grown by 29%. Over the past 3 years, almost threefold growth.
Torsten July 14, 2020 Reply
The historical volatility of Bitcoin is approaching around 40. After the indicator reached such low levels previously, a price downward movement of 30-60% followed during the next few weeks. From current marks, this is an increase to $12200, or a drop to $6500. Fasten seat belts.
Icy Sun July 14, 2020 Reply
The bitcoin's sideways price trend has been going on for more than 2 months. Along with anemic price dynamics, a fall in trade volumes is also taking place, since the beginning of May, it has decreased by 73%. The inability of BTC to steadily overcome the threshold of $ 10,000 is completing the negative picture. At the moment, we are no longer talking about a breakthrough of the most important psychological and technical level, but about not slipping into a large-scale sale.
Davidio July 14, 2020 Reply
Bitcoin sideways trading lasts from the beginning of May amid a decline in trading volumes, which since May 1 fell by 73%. It is difficult to see in the statistics of recent months the formation of the basis for the sharp growth of bitcoin. It’s even more difficult to imagine price levels like alpha-bullish $ 70,000. But it’s easy to imagine the formation of conditions for a "perfect storm", which in this case can work when the sideways combination reduces trading volumes, besides there is a correction in the stock market and an acceleration of the miners' departure.
Danni_Depp July 13, 2020 Reply
COT Bitcoin reporting data reflects bearish sentiment among major speculators. Large funds last week actively increased their positions after a month of expiration of futures. Sales increased by 9%, purchases - by 6%, which led to an increase in the net position for a decrease in BTC by 21%. At the same time, the net position began to grow from the levels minimal over the past three months. A continuation of this trend may contribute to a decrease in cryptocurrency.
ArchGabriel July 12, 2020 Reply
It is difficult to see in the statistics of recent months the formation of the basis for the sharp growth of bitcoin. It is even more difficult to imagine price levels like alpha bullish $ 100K (in 2017, fantasies reached 500K). But it’s easy to imagine the formation of conditions for an ideal storm, which in this case can work when the sideways combination is combined with a decrease in trading volumes, plus a correction in the stock market and plus accelerated miner withdrawal. Of course, as in the case of the growth of the stock market, which denies gravity, cryptocurrencies can also show positive spikes, but many failed attempts to take $ 10K have already convinced investors that in the short term, bitcoin does not have enough momentum to continue growth. Now it’s only a matter of time before the market begins to balance out.
Harr1ot July 11, 2020 Reply
For the long-term, multiple rise in price of bitcoin, the cryptocurrency market lacks institutional investors. For a steady growth of the coin rate above $ 10 thousand, large injections of funds are required, which can only come from organizations. Especially when it comes to goals of $ 30-40 thousand.
Armin van Dijk July 11, 2020 Reply
Institutional acceptance and awareness of this asset class is growing on the bitcoin market, which should positively affect the appreciation in the long term. BTC is starting to look attractive as a new asset class that is not prone to printing money by central banks.
GeoTagsOff July 10, 2020 Reply
TradeBlock analysts drew attention to the continued increase in BTC hashrate for seven consecutive days. Among experts, there is an opinion that an increase in hashrate in the Bitcoin network usually precedes a more active increase in the price of cryptocurrency. Researchers identify two main factors contributing to the activation of miners. Firstly, this is the introduction of a qualitatively new mining equipment. Secondly, the rainy season has begun in China. At this time of the year, in China, in some provinces, prices for electricity generated by hydropower plants are reduced.
BinaryMan July 8, 2020 Reply
The current correlation of Bitcoin and the S&P 500 exceeds 65%. This is a signal that Bitcoin has failed to become the antipode of traditional finance, and is moving with them in the same harness.
NeoBeum July 7, 2020 Reply
A long sidewall with the gradual crawling of bitcoin towards the round level of $ 9,000, as well as attempts to break through it, do not bode well in the short term. The BTC is already below the 50-day moving average, and if the decline develops, the next stop may be $ 8300, where the 200-day MA takes place.
Dietrich July 6, 2020 Reply
The correlation of Bitcoin and the S&P 500 has always been a very good indicator of market movements. Bitcoin behaves more like a high-margin asset and follows market trends with more volatile ups and downs.
Know1tAll July 6, 2020 Reply
Miners sell bitcoin, but so far it has received support from $9000. In the short term, the mood of market participants can only improve if Bitcoin can recover at least part of the losses and return to the recent trading range near 9500.
l00k$_1ntere$1ng June 26, 2020 Reply
The computing power of the Bitcoin network is very high, but judging by the meager commissions for transfers of hundreds of millions of dollars, demand is now low. Bitcoin consumes a huge amount of resources, but it works almost “idle”. It cannot last long.
Ilari0000n June 12, 2020 Reply
After halving, many hodlers think that the price of bitcoin should be much higher than the current one. Because of this, there is a tendency to hold the asset until the market starts to accelerate again.
1TrenT1 May 28, 2020 Reply
Despite the approach of halving, it is still difficult to see the signs of FOMO in the market dynamics, which can drive the price far above $ 10,000. And the closer the halving, the less chance it will happen. Bitcoin runs the risk of depreciating multiple times in the coming months if it falls below the 200-day moving average ($ 8,000).
RealSatoshi May 12, 2020 Reply
Real crypto enthusiasts should not be afraid of lowering the cost of bitcoin. Increasing production complexity, reducing rewards, stabilizing prices, increasing trading volumes and losing interest on the part of regulators - this formula may well become working to turn BTC into a real add-on over the financial system, despite the price drawdown.
tradewisely May 11, 2020 Reply
Halving is now the main trigger for the cryptocurrency market, and most participants expect a positive impact. However, there are fears that the upcoming halving is already taken into account in the price of bitcoin, and there is a possibility of a sharp collapse shortly before or immediately after the event.
OrdinaryBillionaire May 10, 2020 Reply
BTC is holding above 5600 which is a bullish sign. All indicators are pointing to a further push to levels such as 6k-7k. It’s more than likely we see these levels because many have accumulated within the 5k range ever since we bounced off the 3k low. It’s important to remember that the halvening is now less than a year away, and historically BTC has shown increased valuation to the lead up. We’ve only seen two halvenings in the past, and this will be BTCs most significant milestone now that it has a global awareness.
AaRonUd August 24, 2019 Reply
Ok, BTC has maintained over 5k for the last two weeks. This is a bullish indicator and I hope everyone here is holding the majority of their crypto in BTC. BTC just did a minor shakeout from 5,600 to 5,100 due to the usual Tether FUD, and it’s already back to it’s stable levels of 5,300. All indicators are pointing towards 6k, 8k, and 10k. T may seem unlikely at first, but when you filter out all the noise that crypto kids put out on social media it becomes far easier. BTC is on the rise again, and besides all the positive news surrounding it, the halvening IS happening is exactly one year. It’s no longer crazy to estimate that one btc will be worth over 100k within the next few years. I hope you’re loading your BTC bags.
Jean April 28, 2019 Reply
Here we go, BTC is hovering above 5k which is exactly what the market needs to see to regain their long-lost confidence in the crypto market. It’s important for these moments that BTC remains strong in the eyes of skeptics. Currently, The overall trend has been incredibly positive for the whole crypto market because of adoption. The big money has finally showed its face and proved to everyone that we are in the midst of a major uptrend in the coming months. Once retail investors even catch a whiff of profits, they’ll come back like lemmings.
Joe April 14, 2019 Reply
This is the most important last few days since early 2018. We finally broke out of the downtrend that's been strangling us since the major crash post 2017. BTC breached 5k and this wasn't the work of retail investors. It needs to be understood that a daily volume of 26 billion dollars is not the work of regular buyers. Even at the height of the bull run in 2017, BTC's volume barely scraped this level. What does this mean? It means the herd is finally here. Institutional buyers are alive and well, and they are buying BTC. If you don't believe me, then sit on the sidelines and buy back in when BTC is creeping up to 10k. The halvening is on it's way, and like clockwork the BTC market is starting its engines.
Lemond April 4, 2019 Reply
Bitcoin is King. This is the real deal. The one and only. This is the coin that will outlast them all- feel free to mark my words. BTC is the only digital currency with a true use case. It's currency. We use it to pay for things and to store value. It's value is derived from the endless work performed by the miner armies of the world. Bitcoin has breached 4k. What's your plan when it blows through 6k? The whales are accumulating and they aren't waiting around to see what happens around the corner. Get in or rip.
Birch March 20, 2019 Reply
BTC whales have been playing games in the market. It's obvious we've seen the bottom, but it's just going to take that last push to send us out of the 3-4k range. Once we push past 5k the market will see a rapid rise because of all the fomo money afraid of missing the 2019 bull. This much is obvious. The accumulation phase that we witnessed over the last 6 months has been very healthy for BTC and for the rest of the market. Each phase of a market cycle is an opportunity in disguise. Make sure you have your BTC ready by the summer- we're scheduled for take off.
Johannes March 7, 2019 Reply
Finally, some real movement on BTC. It's sitting right at $4k, and this is a pivotal moment for the whole crypto space, not just BTC. Bitcoin finally moved past its 100-day MA. It hasn't done this for the last 9 months. It seems that every day has fantastic news for Bitcoin. Just yesterday Elon Musk commented on how brilliant Bitcoin is. That same day the videos of Samsung's S10 phone has an integrated crypto wallet. I wouldn't be so excited if it weren't for the fact that adoption actually looks to be happening.
John February 24, 2019 Reply
Correction in the market surge price has hit [BSV] Bitcoin SV quite difficult after the coin increase by a hundred plus million dollars to its market cap over the past few days. Among the major coins, BSV finds itself as the top loser as a result of this market retracement. Its downward trend return has allowed Cardano to go a step above and take the 11th position on the global coin ranking, despite Cardano's fall. The BSV falling is now approximately 4% against the US dollar and is trading at 1.17 billion dollar high of $2.29 billion in less than few hours ago, BSV market cap now stands at a total market capitulation of $1.17 billion dollar making Cardano being traded with $20billion ahead of BSV
Andrew February 24, 2019 Reply
Bitcoin has now crossed to the uptrend now I am searching for sidways trading here again and I'm holding low of $3900 and a slow grind up maximum $4500 on a platform with the real value or price knock-off 90 on the market watch I see no drastic drop back to $3600 this week, not even the next few weeks. And many new adoptions yet more new money continues to come in.
Dorado February 20, 2019 Reply
How to describe bitcoin in plain English? It’s the first and currently most popular decentralized digital currency, which was created in 2008. The technology behind it is blockchain, a public ledger payment technology which takes intermediaries (such as banks and other service providers) out o...
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