Why Is Btc Going Through The Roof

Macd line histogram and rsi.

Why is btc going through the roof.

Take a look at the regular bearish divergence it s everywhere. Bitcoin s hash rate by coin metrics. This is totally organic market activity. It tells us that down is more likely.

Bitcoin continues to dominate over most altcoins. Charles edwards digital asset manager at capriole investments believes that despite the recent spike in hash rate the network s processing power could be set to drop. People just like bitcoin 40 more than they did last week. Btc bulls are fighting at the moment they want to make that higher high and break that ascending triangle roof.

Ethereum fee market goes through the roof. The analyst maintains that miners production cost doubled to 14 000 after the recent halving which may incentivize unprofitable miners to shut off their units to avoid more losses. It s because the price of bitcoin is a proxy for margin trading and rather than investing in the commodity itself you can make more money by manipulating this thin and ill regulated market to burn the margin. According to data from ethgasstation a website tracking the transaction fees for eth the price of gas effectively computational power on the.

Today bitcoin dominance has reached yet another high hitting 67 of coin market cap. With this going on fiat currency is going to lose a significant fraction of its value in the near future. Governments especially the us government are printing billions in fiat money every other month. It appears that the bona fide price crash in bitcoin isn t only affecting the market.

That s why people need a better way to keep their money safe from inflation and that s where input from people like tyler winklevoss. I ve just found a photo of the 100 organic material involved. I still don t think they manage to do so and here are the reasons.