Hash ribbon show mining difficulty changes, and BTC just came out of 3'rd diff drop in last 2 years.
Notice diff drop ending doesn't mean bull run immediately, but historically its not far from one.
Also notice this time, we have BCH/BSV halving on April (one month ahead of BTC), which means miners are incentive to switch over BTC (more rewards).
We have to monitor BTC hashrate after halving to confirm if the trend continues to go up.
Notice diff drop ending doesn't mean bull run immediately, but historically its not far from one.
Also notice this time, we have BCH/BSV halving on April (one month ahead of BTC), which means miners are incentive to switch over BTC (more rewards).
We have to monitor BTC hashrate after halving to confirm if the trend continues to go up.
Note
Here we are, 2 days later BTC pump from 7.7K to 9.4K..I think this pump has more to do with large amount of Tether printed, than the halving itself.
Next area to watch is the long term resistance trend line started from 2017 all time high:
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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.