BitcoinUpdated Storm is brewing
Bitcoin will adjust difficulty up almost 30% in about 8 days from now. This will likely mean a return of skyhigh fees to make a bitcoin transaction. On top of that there may only be a few pools signalling taproot which will kill sentiment a bit. Ethereum is also getting lots of attention and new all time highs which may make some hodlers defect to ETH. Add to that the massive amounts of longs and the incentive for market makers to exploit this and you got a potential "crash" in the works. But lets see.
Note
It appears that 47% of BTC miners are signalling taproot now. 90% is needed.
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.
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.