Hi guys! 👋🏻
🔔 Bitcoin’s hashrate, and it just hit a record high with more than 166.4M TH per second.
🔔 The hashrate and the price are strongly correlated, as miners expect a higher reward for the higher computational capacity provided by them.
🔔 The previous ATH of Bitcoin’s hasrate was on February 9, 2021 when BTC/USD hit $48 142 setting a new high, and after a slight correction set a new straight uptrend, which continued up to February 21 and halted at $58 352. With that being said it is estimated that Bitcoin is entering into a new bull cycle.
🔔 Bitcoin is above the dynamic resistance of a descending parallel channel, it must surge!
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 Bitcoin’s hashrate, and it just hit a record high with more than 166.4M TH per second.
🔔 The hashrate and the price are strongly correlated, as miners expect a higher reward for the higher computational capacity provided by them.
🔔 The previous ATH of Bitcoin’s hasrate was on February 9, 2021 when BTC/USD hit $48 142 setting a new high, and after a slight correction set a new straight uptrend, which continued up to February 21 and halted at $58 352. With that being said it is estimated that Bitcoin is entering into a new bull cycle.
🔔 Bitcoin is above the dynamic resistance of a descending parallel channel, it must surge!
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Trade closed: target reached
Nothing is true, everything is permitted.
_________________________________
🤖 Use my link to trade on BingX - bingx.com/partner/Aziz
_________________________________
🤖 Use my link to trade on BingX - bingx.com/partner/Aziz
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Nothing is true, everything is permitted.
_________________________________
🤖 Use my link to trade on BingX - bingx.com/partner/Aziz
_________________________________
🤖 Use my link to trade on BingX - bingx.com/partner/Aziz
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.