When bitcoin prices continue to drop, smaller miners with higher electricity costs often reduce their operations, which will probably help publicly listed North American miners pick up “meaningful” market share, analyst Jonathan Petersen said in a note. Source link … [Read more...] about Bitcoin’s Slump Is Good for Crypto Miners Long-Term, Jefferies Analyst Says
LongTerm
Bitcoin Long-Term Holders Stay Strong Despite $20K Drop From Last Month’s High
Meanwhile, the Relative Strength Index (RSI), a price-chart indicator, for bitcoin slid to favorable levels in European trading hours on Tuesday after reaching overbought conditions last Friday. The tool calculates market momentum for assets, and an overbought level implies prices are overvalued and may be primed for a trend reversal or corrective price pullback. Source link … [Read more...] about Bitcoin Long-Term Holders Stay Strong Despite $20K Drop From Last Month’s High
Bitcoin cools from 1-week highs with key long-term metric echoing $44K
Bitcoin (BTC) returned to cement higher support on Nov. 30 after the latest BTC price comeback halted near $59,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewRSI sees "bullish engulfing"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing to local lows of $55,920 on Bitstamp overnight.The pair then recovered to circle $56,500 at the time … [Read more...] about Bitcoin cools from 1-week highs with key long-term metric echoing $44K
Bitcoin Long-Term Uptrend Intact; Support Around $53K-$56K
Bitcoin (BTC) is stabilizing after a near 10% decline over the past week. The cryptocurrency is holding initial support above $56,000, although resistance around $65,000 could limit further upside over the short term.The relative strength index (RSI) is oversold on intraday charts, which could encourage brief buying activity. On the daily chart, the RSI is approaching oversold … [Read more...] about Bitcoin Long-Term Uptrend Intact; Support Around $53K-$56K
5 charts to uncover your next long-term DeFi investment
It’s not uncommon for a project to generate hype, only to collapse weeks later. That’s why it’s especially important for retail DeFi investors to 1) have a framework to analyze projects, and 2) apply this framework before jumping in.The decentralized nature of DeFi lets anybody participate. It’s surprising how little technical expertise or cash is needed to bootstrap a project … [Read more...] about 5 charts to uncover your next long-term DeFi investment