Will Bitcoin face resistance here? Will it or won’t it? https://t.co/b54LN0h4cX
Will Bitcoin face resistance here? Will it or won’t it? https://t.co/b54LN0h4cX
#Bitcoin $BTC
The MACD golden cross on the weekly timeframe is a highly misleading signal, especially in a bear market.
In the 2022 bear market we had two MACD golden cross signals:
1. March 2022 (led to a drop of -62%)
2. August 2022 (led to the final surrender of -35%) https://t.co/NX4mujPD0A
In other words, the weekly MACD bullish crossover is a classic bull trap in a bear market 📉
Let’s see if it matches CryptoBullet’s analysis, the chart will reveal soon.
Bitcoin miners fought against ordinals and they look to have won.
But they lost something important. Their entire business.
Was it worth it?
#stopBIP110 https://t.co/0Szi29aPvr
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.