Key Factors -
Technicals:
Bearish Close below the daily 200MA
Forming a triangle formation giving us the next trade setup
50/50 Trade analysis
Is Bitcoin still on track towards $100,000 this year?
Bitcoin still runs the market moves
Bears:
Bad environmental Impact
Centralized mining in China
51% Attack
Old technology = POS (proof of stake) is better
Volatile
Expensive transactions
Government regulations
One tweet can change the market
Other Cryptocurrencies are better
Bulls:
Bitcoin is the most well known
Your keys your bitcoin
Moving towards renewable energy
POW (proof of work) = Add security and gives Bitcoin its value
Internet Gold - Scarcity
Secure Money
Deflationary
Is one Bitcoin your ticket to financial freedom?
What are your opinions?
Technicals:
Bearish Close below the daily 200MA
Forming a triangle formation giving us the next trade setup
50/50 Trade analysis
Is Bitcoin still on track towards $100,000 this year?
Bitcoin still runs the market moves
Bears:
Bad environmental Impact
Centralized mining in China
51% Attack
Old technology = POS (proof of stake) is better
Volatile
Expensive transactions
Government regulations
One tweet can change the market
Other Cryptocurrencies are better
Bulls:
Bitcoin is the most well known
Your keys your bitcoin
Moving towards renewable energy
POW (proof of work) = Add security and gives Bitcoin its value
Internet Gold - Scarcity
Secure Money
Deflationary
Is one Bitcoin your ticket to financial freedom?
What are your opinions?
Note
32k Price target hit
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.