Btcusdidea
BTCUSDT The important support level at $53,600 should be kept for now.
If the price reclaims $55,500 and consolidates, this will open the gates for $60,000
If Bitcoin loses the $53,600 support and the price consolidates here,. $52,000 - $50,000 is just a matter of time.
At worst, Bitcoin will retest $48,000 - $46,000
Bitcoin Hashrate Emerges as Valuable Asset in Financial MarketsThe financialization of Bitcoin hashrate is rapidly emerging as a unique investment opportunity. Bitcoin's economic structure, especially the halving events every four years, pressures miners to optimize costs, driving them towards two primary energy strategies: grid-tied and co-location with power generators. Grid-tied miners benefit from economies of scale and participate in demand response services, while co-located miners target renewable energy sources, exploiting mismatches in energy demand and supply, according to Coindesk.
As Bitcoin mining continues to evolve, hashrate is being recognized as a distinct commodity with features like fungibility and divisibility, making it an attractive asset class. Investors can now engage in mining without owning hardware, using derivatives to hedge against price fluctuations. The profitability of mining is determined by the difference between hash price (market value of mining power) and hash cost (expenses related to mining). A profitable operation requires the hash price to exceed hash cost, with competition and energy costs influencing this dynamic.
The market has also seen the introduction of hashrate-linked financial products, providing more data points to predict network events' impact on blockspace demand and transaction fees. For instance, during periods of high blockspace demand, miners can lock in future revenue by selling hash price futures. As Bitcoin's ecosystem continues to grow, the role of hashrate as a tradable asset is expected to gain further significance, attracting more attention from capital markets.
BTCUSDT 1DBTC ~ 1D
#BTC Not many changes have occurred in this #Bitcoin Chart.
What we see for now, BTCUSD Attempts to break Ema21, If this manages to close the price above Em21, Maybe the Next test is $68,000.
We are still bullish, Stay tuned, We will tell you the right time to start selling crypto.
BTC Chart AnalysisAnalysis and Outlook
The BTC/USDT chart reflects a strong bearish trend. The price has been consistently making lower highs and lower lows, confined within a descending channel. The failure to hold above the 0.618 Fibonacci retracement level indicates potential further downside.
BINANCE:BTCUSDT
Bearish Scenario
BTC fails to hold the 0.618 Fibonacci retracement level, we could see a decline towards the 50,000 USDT psychological support and further down to the 0.786 Fibonacci retracement level around 48,000 USDT.The 200-day EMA at 58,211.08 USDT will act as a strong resistance, and unless the price breaks above this level, the bearish sentiment is likely to persist.
Bullish Scenario
For a bullish reversal, BTC needs to break above the 200-day EMA and the upper boundary of the descending channel around 65,000 USDT. Sustained movement above these levels could shift the trend back to bullish, targeting higher Fibonacci levels and previous highs.
Conclusion
Currently, BTC is in a bearish phase with key supports being tested. Traders should watch the 0.618 Fibonacci level and the 200-day EMA for potential signs of reversal or further downside. Risk management is crucial in this volatile phase, with stops placed below key support levels to manage potential losses
BTCUSD - RE-ENTRY / Price reverts to the initial entry priceHello Traders!
I will re-enter this trade after BTCUSD took me out of the transaction on 0.
Most probable we will see here a bullish momentum.
Trade Safe!
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BTCUSD - Long Trade Confirmation !!!Hello Traders!
As you can see in the last analysis on BTCUSD, I was expecting the retracement until de PDL executed a long trade. At the moment I see a perfect opportunity to execute this trade as we have a reaction and we have a retracement. I expect a bullish move until the price of 66.700, the price where I have the Profit target.
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BTCUSD / POTENTIAL BULLISH BREACKOUT Hello Traders!
I expect a bullish move on BTCUSD H4, after retesting the bullish breakout at the price of 60500.
As we can see, the price returned to PWL and now I expect a reaction, meaning a good opportunity to execute a trade.
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