Last two days refreshed my hope for Bitcoin. The indicators you mentioned tell us a lot, if we know how to look at them. I believe we will get Bullish after the summer, not just because weak hands are wiped-out or hash rate is increasing. Bitcoin halving was complete on 11 May, normally it would have impact on market in good way, and I think it didn't start yet.
Thanks for the article Sylvain. Not just greener days are ahead, they will also be sunny!
Rather than its price, it is more important what Bitcoin has achieved and promised since its release. Bitcoin was the beginning of the crypto age.
Just like you said, it seems the market has already been purged of weak hands, which is good.
Even though it's currently half the ATH price, it's still higher than last year. And I think it will continue to be so. I still think these prices are definitely a buying opportunity.
Thank you for the 4 elements you've presented, these are the things to consider.
Really thanks Sylvain, I love reading your articles.
We have entered a period where those who do not trust Bitcoin and abandon it will regret it. As I always say, we will achieve good results as a result of patience. We do.
I've always trusted bitcoin and I'm right to trust bitcoin, it really works. I'll regret it if I let go of small setbacks. Bitcoin is the technology of the future. I trust Bitcoin.
Bitcoin scared many crypto investors by dropping below the $ 30,000 psychological mark. But by the end of the day, the cryptocurrency showed signs of recovery, rising to $ 29,800, and today its value has again exceeded the $ 30,000 mark. At the time of this writing, for 1 BTC, they give about $ 32,200.
Against the background of the withdrawal of a large amount of capacity from the Bitcoin network, the difficulty of mining cryptocurrency is falling. So, last Sunday it dropped to a minimum since January 2020 - to 13.67 trillion hashes. For comparison: this year's maximum difficulty was 25.05 trillion hashes (in May). That is, in just a couple of months, the complexity of mining has almost halved.
The difficulty of mining Bitcoin is reviewed every two weeks, and over the course of two months it has steadily decreased - four times in a row. The last time this situation was observed more than 10 years ago
Now, if there is a positive, growth can be fast and short (bitcoin can rise in price to $ 33-34 thousand. It is difficult to say how long this trend will last - short news, especially from the unreliable Mask, will hardly outweigh the fundamental background that the largest states have launched an active attack on cryptocurrencies. And these circumstances are much more important for the market than the words of the founder of Tesla. The current market situation a slight rebound. The market has not yet returned to growth, and if a reversal does not happen, then the price of the first cryptocurrency may drop to $ 27 thousand.
Despite the current growth in bitcoin quotes, trading volumes remain low. Therefore, I expect the preservation of the rate of the first cryptocurrency in the $ 30-40 thousand corridor.
It is not possible for bitcoin to increase all the time, this is valid for every coin, it will make corrections. this is a bit like our life, we have good and bad times in our life
I don't think there are too many people who believe bitcoin will go down because someone who thinks so will betray crypto.
I'm more worried about those who manipulate the market than bitcoin's going up and down. I wonder if guys like Elon Musk and Vitalik will stop directing people?
I can predict the future but we don't know what will happen I hope sunny days are near for us
Sylvain, you obviously know about bitcoin, all I ask is that you don't deprive us of this information, see you soon.
I totally agree with you that the green days are imminent for Bitcoin and we are even experiencing those green days.
The four items above explain this exactly.
I have to thank you for that, great work.
It's clear that Bitcoin is clearing out of the weak hands, these are sheer panic selling.
Although I do not want to rewrite the above four items here, it is such an accurate determination that I cannot help quoting it.
The more diffused Bitcoin Hash Rate power always undermines rumors of a 51 percent attack.
miners feel compelled to use greener energy in their new home.
This undercuts criticism that bitcoin is harmful to the environment.
The fact that the whales adopt the 30 thousand dollar level as the new bottom and the bitcoin network is growing day by day is another clue to the green days.
We can say 4 Reasons to be optimistic about Bitcoin in the coming months, but more importantly, there are countless reasons to be optimistic for the coming years. Bitcoin continues to grow and strengthen every day, make your decision, recognize the opportunity or enjoy watching. [NIA]
My personal view is that it was not normal for the market to increase too much. Of course, bitcoin can be very comfortable at these prices.
But I think the reason for this almost breathless rise is manipulation and virus. People had to stay home. Most people chose to invest so that their money would not depreciate. They invested in the best thing without noticing. The reason is that it has become popular (the elon musk effect) and other investment places have lost confidence with the virus effect.
People were easily manipulated. Most people wanted to be rich by morning. But almost all of them didn't look at what they were getting. I wish they'd paid attention. The reason for the fall is also my view of the manipulation again (the elon musk effect) and the end of the virus. People cash out to spend money. Although there was little Exit, people had a lot of influence. On top of that came even more sales pressure with the horror news. But these were just tests for me.
It made me research more, learn more. I'm a bitcoin lover. I have endless confidence.
People will come back for it. But whether people come or go, we'll always be here.
It's true that Bitcoin has lost value. But it's depreciated over the last 6 months. But that's nothing interesting. April August 2020 and April 2021, if we look at the price of gold, it's decadent by 20 per cent. Big gold! It was valuable even before B.C. It's one of the ports people trust most. Bitcoin is still a baby. It's just developing. Such fluctuations are normal.
Bitcoin is still a thriving baby. It's up five hundred percent in 5 months. At the moment, the correction came down by fifty percent. People are crying. I don't understand this. What are you waiting for. Do they expect it to rise one hundred percent every month? Nonstop. Nothing, you won't. Sometimes he'll run, sometimes he'll walk, sometimes he'll crawl on the floor. I trust bitcoin technology.
Thanks for the nice post. Such articles increase my faith in bitcoin. It reminds me of my goals.
The sharp drop in the Bitcoin hash rate in June came as the Chinese government put full pressure on local cryptocurrency miners, banning them from accessing energy sources, including hydroelectric power stations, in provinces with too much backup energy.
This move by Chinese officials across the country has caused mining companies to start relocating to more suitable regions for their business, such as Kazakhstan, Canada, and the United States.
It is true that we saw the lowest level of Bitcoin hash rate this year, but if you look at the graphs, the hash rate is gradually recovering and improving.
The macroeconomic environment is extremely conducive to Bitcoin
Combined with the positive macroeconomic factors of Bitcoin's growing network effect, I think its market cap will rise to trillions of dollars in the coming years.
The macroeconomic environment created by the COVID-19 outbreak also supports Bitcoin.
Central bank pressure and historically low interest rates, in particular, make Bitcoin popular and indispensable as it holds its value in an inflationary environment.
Last two days refreshed my hope for Bitcoin. The indicators you mentioned tell us a lot, if we know how to look at them. I believe we will get Bullish after the summer, not just because weak hands are wiped-out or hash rate is increasing. Bitcoin halving was complete on 11 May, normally it would have impact on market in good way, and I think it didn't start yet.
Thanks for the article Sylvain. Not just greener days are ahead, they will also be sunny!
People see what they want to see.
They don't look on the positive side and want a quick bag of money.
The Bitcoin system does not allow this.
I think there will be an increase with the upcoming halving.
I see Bitcoin completely as a project where we can make long-term profits.
The Bitcoin chart you shared above confirms what I wrote.
Bitcoin does an important work in energy resources, and I think it will be a very effective increase if it is adopted by people.
Although there are negative developments such as Covid-19 and the ban in China, I think we are in a recovery process.
Finally, buy the fear and ignore the FUDs.
Thanks to Slyvian Saurel for the article.
Like you, I think the bull time will come for Bitcoin.
Everything looks good, the pandemic is not as bad as it used to be and big investors are looking forward to Bitcoin.
Crypto world is the common point that the world wonders about
That's why its popularity is increasing. Everyone wants to know about it.
Rather than its price, it is more important what Bitcoin has achieved and promised since its release. Bitcoin was the beginning of the crypto age.
Just like you said, it seems the market has already been purged of weak hands, which is good.
Even though it's currently half the ATH price, it's still higher than last year. And I think it will continue to be so. I still think these prices are definitely a buying opportunity.
Thank you for the 4 elements you've presented, these are the things to consider.
And thank you for this great article, Sylvain!
Thanks again for all that BTC love! Appreciate your updates and vision. Keep up the good work Sylvain.
Really thanks Sylvain, I love reading your articles.
We have entered a period where those who do not trust Bitcoin and abandon it will regret it. As I always say, we will achieve good results as a result of patience. We do.
I've always trusted bitcoin and I'm right to trust bitcoin, it really works. I'll regret it if I let go of small setbacks. Bitcoin is the technology of the future. I trust Bitcoin.
Thanks again for the article.
Bitcoin scared many crypto investors by dropping below the $ 30,000 psychological mark. But by the end of the day, the cryptocurrency showed signs of recovery, rising to $ 29,800, and today its value has again exceeded the $ 30,000 mark. At the time of this writing, for 1 BTC, they give about $ 32,200.
Against the background of the withdrawal of a large amount of capacity from the Bitcoin network, the difficulty of mining cryptocurrency is falling. So, last Sunday it dropped to a minimum since January 2020 - to 13.67 trillion hashes. For comparison: this year's maximum difficulty was 25.05 trillion hashes (in May). That is, in just a couple of months, the complexity of mining has almost halved.
The difficulty of mining Bitcoin is reviewed every two weeks, and over the course of two months it has steadily decreased - four times in a row. The last time this situation was observed more than 10 years ago
Now, if there is a positive, growth can be fast and short (bitcoin can rise in price to $ 33-34 thousand. It is difficult to say how long this trend will last - short news, especially from the unreliable Mask, will hardly outweigh the fundamental background that the largest states have launched an active attack on cryptocurrencies. And these circumstances are much more important for the market than the words of the founder of Tesla. The current market situation a slight rebound. The market has not yet returned to growth, and if a reversal does not happen, then the price of the first cryptocurrency may drop to $ 27 thousand.
Despite the current growth in bitcoin quotes, trading volumes remain low. Therefore, I expect the preservation of the rate of the first cryptocurrency in the $ 30-40 thousand corridor.
Thanks for an article an your time reading this!
It is not possible for bitcoin to increase all the time, this is valid for every coin, it will make corrections. this is a bit like our life, we have good and bad times in our life
I don't think there are too many people who believe bitcoin will go down because someone who thinks so will betray crypto.
I'm more worried about those who manipulate the market than bitcoin's going up and down. I wonder if guys like Elon Musk and Vitalik will stop directing people?
I can predict the future but we don't know what will happen I hope sunny days are near for us
Sylvain, you obviously know about bitcoin, all I ask is that you don't deprive us of this information, see you soon.
Thanks for reading
As you said, the market is free of weak and uncourteous investors. It's impossible for me to go down right now.
It may rise in a few months on the 4 arguments you have mentioned.
Thanks for the valuable article and information.
We will bounce back soon and i am not worried with the slow rate of growth
Thanks for the Article Sylvain
Bitcoin ❤️🔥
We're still early, there's time to get in and keep stacking.
Once we hit $100k it will be another ballgame.
I totally agree with you that the green days are imminent for Bitcoin and we are even experiencing those green days.
The four items above explain this exactly.
I have to thank you for that, great work.
It's clear that Bitcoin is clearing out of the weak hands, these are sheer panic selling.
Although I do not want to rewrite the above four items here, it is such an accurate determination that I cannot help quoting it.
The more diffused Bitcoin Hash Rate power always undermines rumors of a 51 percent attack.
miners feel compelled to use greener energy in their new home.
This undercuts criticism that bitcoin is harmful to the environment.
The fact that the whales adopt the 30 thousand dollar level as the new bottom and the bitcoin network is growing day by day is another clue to the green days.
as a result everything is green in bitcoin
Thanks for your great article.
We can say 4 Reasons to be optimistic about Bitcoin in the coming months, but more importantly, there are countless reasons to be optimistic for the coming years. Bitcoin continues to grow and strengthen every day, make your decision, recognize the opportunity or enjoy watching. [NIA]
Thanks for the article.
My personal view is that it was not normal for the market to increase too much. Of course, bitcoin can be very comfortable at these prices.
But I think the reason for this almost breathless rise is manipulation and virus. People had to stay home. Most people chose to invest so that their money would not depreciate. They invested in the best thing without noticing. The reason is that it has become popular (the elon musk effect) and other investment places have lost confidence with the virus effect.
People were easily manipulated. Most people wanted to be rich by morning. But almost all of them didn't look at what they were getting. I wish they'd paid attention. The reason for the fall is also my view of the manipulation again (the elon musk effect) and the end of the virus. People cash out to spend money. Although there was little Exit, people had a lot of influence. On top of that came even more sales pressure with the horror news. But these were just tests for me.
It made me research more, learn more. I'm a bitcoin lover. I have endless confidence.
People will come back for it. But whether people come or go, we'll always be here.
In Bitcoin We Trust.
Thanks for the article.
Have a nice day.
It's true that Bitcoin has lost value. But it's depreciated over the last 6 months. But that's nothing interesting. April August 2020 and April 2021, if we look at the price of gold, it's decadent by 20 per cent. Big gold! It was valuable even before B.C. It's one of the ports people trust most. Bitcoin is still a baby. It's just developing. Such fluctuations are normal.
Bitcoin is still a thriving baby. It's up five hundred percent in 5 months. At the moment, the correction came down by fifty percent. People are crying. I don't understand this. What are you waiting for. Do they expect it to rise one hundred percent every month? Nonstop. Nothing, you won't. Sometimes he'll run, sometimes he'll walk, sometimes he'll crawl on the floor. I trust bitcoin technology.
Thanks for the nice post. Such articles increase my faith in bitcoin. It reminds me of my goals.
The sharp drop in the Bitcoin hash rate in June came as the Chinese government put full pressure on local cryptocurrency miners, banning them from accessing energy sources, including hydroelectric power stations, in provinces with too much backup energy.
This move by Chinese officials across the country has caused mining companies to start relocating to more suitable regions for their business, such as Kazakhstan, Canada, and the United States.
It is true that we saw the lowest level of Bitcoin hash rate this year, but if you look at the graphs, the hash rate is gradually recovering and improving.
The macroeconomic environment is extremely conducive to Bitcoin
Combined with the positive macroeconomic factors of Bitcoin's growing network effect, I think its market cap will rise to trillions of dollars in the coming years.
The macroeconomic environment created by the COVID-19 outbreak also supports Bitcoin.
Central bank pressure and historically low interest rates, in particular, make Bitcoin popular and indispensable as it holds its value in an inflationary environment.
We trust Bitcoin!
Thanks for the article.