Bitcoin isnt a stock and is mostly owned by early adopters that want to make money using trading and they only know how to “pump and dump” . this beaivour make ppl afraid of buying it at those prices and this what got it into the bearish trend we are seeing. ... Enky is 266+ and increasing network difficulty. ... the Bitcoin protocol can ... BTC — Bitcoin, the first cryptocurrency, it was supposed to be digital cash, it’s now seen like digital gold since it’s the first, it’s still accepted for payment in some websites, stores ... Each Satoshi represents a hundred millionth part of Bitcoin which means that 100,000,000 Santoshi = 1 BTC. Additional Bitcoins are generated by a process known as mining. Bitcoins are mined by professional miners solving complex computational equations. For each Bitcoin mined, the miners are rewarded with either more coins or transaction fees. Here's a 60 min chart of the last 7 days, after an initial breakout of the short term VWAP notice that it stopped and found perfect resistance at the first positive deviation line of the volume average. Now it is very important to stay above the first negative deviation line at $480; any weakness below this… The crypto exchange behemoth noted that the stratospheric rise in open interest coincided with Bitcoin’s price rise to $12,000 during the beginning of August. Also, when BTC attempted to break past the $12,400 mark, which is the current 2020 high, futures open interest hit $1 billion again.
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