Trading Crypto Guide ™
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Trading Crypto Guide ™
#BTC weekly candle closed good enough and price approaching toward the next major resistance area of $65,000 area and have to look closely on price action, if its rejects or break.
#BTC nearly rejected from the strong resistance area and goes into a consolidation and need to see some sort of breakout now.
Trading Crypto Guide ™
#GOLD UPDATE : #GOLD moved perfectly, and hit the new #ATH yesterday. Analysis going perfectly and now in a minor retracements, today NY might come up with new All-Time Highs or a Deeper retracements to market structure points. Also, a small consolidation…
As the hash rate increases, so does the target difficulty to successfully mine a valid block. The Bitcoin protocol automatically adjusts the difficulty to account for rising and falling hash rate on the network.
Presently, the average required number of hashes to mine a block is 338k exahash. This is the second largest difficulty throughout Bitcoin’s lifespan, highlighting the ever-growing competitiveness of the mining industry.
Presently, the average required number of hashes to mine a block is 338k exahash. This is the second largest difficulty throughout Bitcoin’s lifespan, highlighting the ever-growing competitiveness of the mining industry.
Trading Crypto Guide ™
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Trading Crypto Guide ™
#BTC nearly rejected from the strong resistance area and goes into a consolidation and need to see some sort of breakout now.
#BTC pin point precisely, tapped into the strong resistance now seeing minor sell-off happening. If candle closes into consoldiation again, then this will turn it into a fakeout and potential sells can favor.
Trading Crypto Guide ™
Here's the Analysis of #ARK : #ARK is been rejected hard from the resistance zone of $0.53 - $0.54 and also slides below the zone of $0.43 - $0.45 and nothing is clear here. A daily candle close will lead the further drop in price towards $0.36 and lower…
#ARK gone into consoldiation and that will give a good setup. Keep an eye on breakout and build the position on that direction. Also, wait for at least H4 candle closure.
Mining revenue has declined since Bitcoin's price peak in March, mainly due to:
- Reduced fee pressure
- Lower demand for transfers
- Decreased fees from Runes and Inscriptions
Current miner revenue breakdown:
- Block subsidy: $824M (22% below ATH)
- Transaction fees: $20M
Total revenue remains relatively high with Bitcoin price above $55k, but is still below previous peak levels.
- Reduced fee pressure
- Lower demand for transfers
- Decreased fees from Runes and Inscriptions
Current miner revenue breakdown:
- Block subsidy: $824M (22% below ATH)
- Transaction fees: $20M
Total revenue remains relatively high with Bitcoin price above $55k, but is still below previous peak levels.
Trading Crypto Guide ™
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Trading Crypto Guide ™
#BTC pin point precisely, tapped into the strong resistance now seeing minor sell-off happening. If candle closes into consoldiation again, then this will turn it into a fakeout and potential sells can favor.
#BTC standing strong and kept on getting rejection from strong resistance. Price again back inside the consoldiation range making it a fakeout now. Now only the daily candle closing can give more clarity.
Trading Crypto Guide ™
#TOTAL2 MARKETCAP UPDATE : #TOTAL2 failed to gave a closing above the resistance area, and did fall, as a reaction, we already saw some short-term dump in the market. Index reached the support zone again, and should hold it else we can see more bleed in…
Trading Crypto Guide ™
Mining revenue has declined since Bitcoin's price peak in March, mainly due to: - Reduced fee pressure - Lower demand for transfers - Decreased fees from Runes and Inscriptions Current miner revenue breakdown: - Block subsidy: $824M (22% below ATH) - Transaction…
Declining miner revenues hint at potential income stress. While miners traditionally sold most mined coins to cover costs, they're now retaining some in treasuries. This shift is notable given miners' usual pro-cyclical behavior. Rising hash rates and difficulty are increasing production costs, potentially squeezing profitability. Miners now face a delicate balance between covering expenses and strategically holding Bitcoin, adapting to the evolving market dynamics.
Trading Crypto Guide ™
#BTC standing strong and kept on getting rejection from strong resistance. Price again back inside the consoldiation range making it a fakeout now. Now only the daily candle closing can give more clarity.
#BTC entered the strong resistance but moving slowly and getting sell pressure from the level. We can expect some sort retracement now as price is struggling to break through it.
Trading Crypto Guide ™
Here's the Analysis of #TIA : #TIA is been moving within the channel pattern and making its from the major support zone of $3.72 - $4.14 towards the resistance at $$7.28 - $7.56. Price breaking off the channel pattern making it bullish too. Its a clean tradable…
#TIA given a prefect close and had a retest and move around 22% in profits. I recommend to book some profits here and move the stops to breakeven, for securing the capital.
Declining miner revenues hint at potential income stress. While miners traditionally sold most mined coins to cover costs, they're now retaining some in treasuries. This shift is notable given miners' usual pro-cyclical behavior. Rising hash rates and difficulty are increasing production costs, potentially squeezing profitability. Miners now face a delicate balance between covering expenses and strategically holding Bitcoin, adapting to the evolving market dynamics.