Oh ... MeN

in #btc • 2 months ago

According to Bitcoin Magazine Pro, BTC (Bitcoin) hashrate just collapsed by around 30%… miners are capitulating.
1000104346.jpg

Back in the summer of 2021, BTC hashrate dropped about 50%, but surprisingly, there was still one last upward wave.
Right now, BTC has broken out of the consolidation range below the 365-day SMA (Simple Moving Average). Miners are capitulating, and it looks like we might be entering a bear market.
I honestly didn’t expect ETH prices to behave like this without a bubble.
All I can do now is keep working, hope for Altseason 3.0, and DCA (Dollar Cost Average). That’s it!

#bitcoin #hashrate #hash #ribbons
2 months ago in #btc by
$0.00
    Reply 0

    Coin Marketplace

    STEEM 0.06
    TRX 0.32
    JST 0.065
    BTC 68648.35
    ETH 2104.29
    USDT 1.00
    SBD 0.46