I think bitcoin will reach the $40,000 bar again and go down. Bear market
$30,000 can't take many more retests. If this mini bear-flag continues to play out, expect measured move to $28-$29,000.
btc bear flag.png
I think bitcoin will reach the $40,000 bar again and go down. Bear market
Yeah, I can see $40,000 again, but from there is the question. Yes, that still looks like a big bear flag, but triple bottoms that hold can be pretty solid lows.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
I think bmneveu alluded to this back a few posts...
Bitcoin mining is now easier and more profitable as algorithm adjusts after China crackdown
https://www.cnbc.com/2021/07/03/bitc...in-china-.htmlMore than 54% of bitcoin’s hashrate, which is the collective computing power of miners worldwide, has dropped off the network since its market peak in May.
The bitcoin code has re-calibrated to make it 28% less difficult to mine.
Miners who are still plugged into the network stand to make greater profits while most of the network’s miners remains offline.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Elons words save the sub $30,000 level once again. Imagine if all it took was a tweet of yours to gas some asset that you owned higher.
ELON MUSK SAYS SAYS HE OWNS ETHEREUM AND DOGECOINS ALONG WITH BITCOIN AND TESLA, SPACEX OWN BITCOIN -THE B WORD CONFERENCE
$29K - $30 continues to hold. Lots of potential resistance at the 100 and 200-day EMAs.
Bitcoin tops $39,000 for the first time in nearly 6 weeks, adding $114 billion to the crypto market
https://www.cnbc.com/2021/07/26/bitc...y-6-weeks.html
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Amazon recently announced the great news that it would be accepting bitcoins. But I suppose that the exchange rate will not reach more than $40 thousand. Probably, will stay at $38 thousand dollars a week
Boom! Amazon just denied that rumor and bitcoin just fell about $3K off its high today.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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