Has eth/btc already hit the bottom? What are the catalysts for the future cryptocurrency market?
The cryptocurrency market is at a turning point.
Wash out! Bitcoin plummeted by 0.062 million and then rebounded rapidly. What are the important economic events to pay attention to this week?
Around 11 p.m. on the 13th, bitcoin experienced a fairly obvious decline after three consecutive days of increase, hitting a low of $62,050. However, it quickly rebounded above 0.063 million dollars, a double kill for the longs and shorts. Currently, it is slightly down, trading at $62,695, down 0.72% in the past 24 hours.
Where should bitcoin miners go in the future?
In this article, we will explore the latest trends in bitcoin mining, how miners can respond to the current market conditions, and what information we can glean from key indicators to assess how bitcoin miners can prepare for the coming weeks and months.
Crypto academic: 10.14 bitcoin reaching 63,000 is a key position for long and short exchanges, how to move forward steadily in market fluctuations!
There is no need to showcase your strength excessively, what is important is to gain recognition from more people. In the investment journey, it is more important to focus on improving yourself rather than proving your strength to others. Whether you are a donkey or a horse, take them out for a walk and you will know.
Zhou Yanling: Today, on October 13, bitcoin and ethereum trend analysis and short-term trading strategy.
When you see the current restrained structure of the coin price, don't overthink it, because you will definitely consider going long, such as adhering to the bottom of the channel to go long, expecting a short-term rally. From a short-term trading perspective, there is indeed no problem, and you will find these two days very interesting. Staying long at 62500 seems useless, because the market has been hovering around 63000 for two consecutive days, despite some rebounds, the amplitude can't even reach 1500 points, and each time it rebounds and then gets pushed down, it will retract about 1000 points. Obviously, this market is still in a range-bound consolidation.
Is the bull market for bitcoin about to start on October 13th? Will the crazy bull market for BTC peak at $150,000?
Bitcoin spot etf had a positive net inflow at the end of the past week, marking the second consecutive week of increase. While the four major Bitcoin spot etfs contributed to these inflows, the fund flow of other etfs remained at zero.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined"){kind=small}
TechWhiz : Your arguments apply to gold in the early days too. Gold had industrial use, btc has financial transaction use.
Why gold and not other metals? The market decided on it as a store of value thru time. Now as tech improves , the market of new, tech savvy investors are deciding that btc is or will be the digital gold.
No 2 ways about it. The market decides. Maybe this new generation of investors love rat poison? So be it.
Ask Blackrock.
David Lee cm OP TechWhiz : Gold was a status symbol in the past, owning bitcoin is not a status symbol. Money launderers, smugglers, crime syndicates used bitcoin as transactions, who wants to be associated with these guys.
TechWhiz David Lee cm OP : Once btc crosses 100k or even 1m, you will wish you have this status symbol. Every revolutionary thing takes time to develop.
The bad actors are always there... in stocks, currency, real estates, etc. Owning these assets does not mean you are one of them. Does Michael Saylor look like a criminal? is Blackrock not respectable? Don't worry about these bad actors, they will be take care of in time.
Times have changed. you must change with the times or be left behind. It is a pity that people reject disruptive tech due to old beliefs or misunderstanding of what it is.
BTC represents a revolution of our times, just like electricity, the telephone, the internet and now AI.
Next revolutionary thing will likely be Quantum computing . please don't dismiss this too
David Lee cm OP TechWhiz : China has banned bitcoin for the reasons I listed below and it is a threat to central bank policy making. China is developing ai, quantum computing, AR, robotics etc., it is not against new technologies. Neither am I.