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Tag Archives: Bitcoin

The Bitcoin price shows 3 technical signs of a serious correction

Bitcoin price (BTC) has consolidated in the range of $ 6,900 to $ 7,100 over the past 36 hours, directly below a strong resistance level of $ 7,200. Typically, a large price movement occurs when BTC gets stuck in a narrow area for a long period of time. Daily performance of the crypto market. Source: Coin360 There are currently three …

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30 days to go – Bitcoin RSI has never been so oversold

Bitcoin (BTC) has never been as oversold in the last month before the block reward halved, as an important indicator shows. In an ongoing Twitter debate On April 11, the analyst known as PlanB found that Bitcoin’s relative strength index (RSI) was unusually low. Indicator hits record lows before halving The oscillator uses a scale from 1 to 100 to …

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Are Bitcoin miners pumping BTC’s hashrate to benefit from the halving?

Bitcoin’s mining hash rate is increasing significantly as miners are now trying to buy as many coins as possible before the block reward halves in May. As always, economic incentives drive mining Not surprisingly, the sharp drop in Bitcoin prices last month led to an equally remarkable decline in mining. Older, less efficient plants simply became too unprofitable to operate. …

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