Day: October 11, 2021

Bitcoin’s $100K price target returns as BTC price breaks out of bull pennant

Bitcoin (BTC) looks poised to pursue a run-up towards $100,000 as its price breaks out of a classic bullish structure. Dubbed as Bull Pennant, the setup represents a price consolidation period with converging trendlines that form after a strong move higher. It ultimately prompts the price to break out in the direction of its previous trend to a level typically at length higher by as much as the size of the initial large move. On Bitcoin weekly charts, the cryptocurrency appeared to have been trending inside a similar consolidation structure,…

Ethereum Mining Rig – 2021

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io It’s 2021 and today we’re mining with RTX 3080s. We are running HiveOS, and each system can produce between 580-600mh/s w/ 6 cards on a 2000w PSU. This system uses around 1800w at the wall. The cards are EVGA RTX 3080 FTW3 10GB. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Putting your Bitcoin where your mouth is, Oct. 4–11

There is nothing surprising about Senator Cynthia Lummis, a Wyoming Republican known to be among the staunchest crypto supporters in the U.S. legislature, revealing a sizable Bitcoin (BTC) purchase that she had made earlier in the summer. It is still oddly satisfying to observe the alignment between a politician’s long-declared stance on an issue and corresponding monetary behavior (Lummis had been hodling BTC since 2013). Such consistency will be a norm in blockchain-based governance systems where individuals’ interests are aligned with those of the entire community and where all information that…

Historisches Bitcoin KAUF-SIGNAL könnte bald passieren! | Crypto News

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Pantera CEO Wants a Reminder the Day Before a US Bitcoin ETF Launches — ‘I Might Want to Take Some Chips off the Table’ – Bitcoin News

On October 6, Pantera Capital published an investor’s note written by Dan Morehead, the company’s CEO. Unlike the myriad of crypto investors who believe that a bitcoin exchange-traded fund (ETF) will send the crypto asset’s value to the moon, Morehead explains it could be a negative event and when it officially launches he said he “might want to take some chips off the table.” Bitcoin Price Bolstered by ETF Speculation, Dan Morehead Discusses a Bitcoin ETF Approval and Possible Negative Effects The price of bitcoin (BTC) is riding much higher…

China FUD Over Bitcoin Mining Is ‘Now Moot,’ Luxor Report Says — CoinDesk

On the flip side, mining difficulty, which is a variable gauge that automatically adjusts under the Bitcoin blockchain’s code to keep the network running smoothly, is also predicted to be higher in the fourth quarter by Luxor. “We will continue to see successive upward difficulty adjustments, though none will be as drastic as the largest positive adjustments we experienced in Q2 and Q3,” the report said. A higher difficulty is usually an earnings headwind for the miners as new bitcoin becomes harder to find for the mining rigs. Source

BTC price passes $57.4K in a fresh surge toward February resistance

Bitcoin (BTC) kept markets guessing into the Wall Street open on Oct. 11 after seeing rejection on hitting its highest since May. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price teases $58,000 February high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD tracking $57,000 after reaching $57,450 on Bitstamp — its best since May 10. In so doing, Bitcoin effectively fully canceled out the impact of China’s mining debacle and subsequent redistribution of hash rate around the world. If you’re reading this, you survived the #BTC crash in May…