JUST IN: Singaporean publicly traded #Bitcoin mining company Canaan Inc $CAN increased its holdings by 41 BTC and now holds a total of 1,867 BTC.
🔸Bitcoin 100 Ranking: 33🔸 https://t.co/o9rvswGNHl
JUST IN: Singaporean publicly traded #Bitcoin mining company Canaan Inc $CAN increased its holdings by 41 BTC and now holds a total of 1,867 BTC.
🔸Bitcoin 100 Ranking: 33🔸 https://t.co/o9rvswGNHl
Yes, exactly. We will all have to bail them out or the government and pensions and retirement all collapse. The fiat ponzi perpetuates.
@CorySwan I think AI data centers is a perfect example of dollar war
Debt financing these data centers crowds out Bitcoin miners — which can benefit certain stakeholders on Fiat Standard at majority expense https://t.co/elcw5t3rVC
HOW TO USE SUPPORT AND RESISTANCE?!
Support and resistance are two of the most important concepts in technical analysis. They refer to price levels on a chart where the market tends to react due to buying or selling pressure.
————
Support
————
A support level is a price area where an asset tends to stop falling and may reverse upward. This happens because buyers often see the price as attractive at that level, increasing demand and slowing or stopping the decline.
In simple terms, support acts like a floor beneath the price.
Example:
If a stock repeatedly drops to $100 and then bounces higher, $100 may be considered a support level.
—————
Resistance
—————
A resistance level is a price area where an asset tends to stop rising and may reverse downward. This happens because sellers often see the price as expensive at that level, increasing supply and limiting further upside.
In simple terms, resistance acts like a ceiling above the price.
Example:
If a stock repeatedly rises to $120 and then pulls back, $
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.