The technical indicators often give a strong sell signal on the daily timeframe. For example, an analysis on Investing.com indicates that: "Moving averages for ETH/USD show an Outlook of Strong Sell".
Another analysis suggests that in the short and medium term the trend is "downward", while in the long term the trend may be "upward". #ETHUSD $ETH
Bitcoin is the first decentralized digital currency in the world, created by a person or group known as Satoshi Nakamoto in 2009. Bitcoin relies on blockchain technology, which is a distributed public ledger that allows for tracking all transactions in a secure and transparent manner without the need for a bank or intermediary.
Bitcoin is characterized by its limited supply; it will not exceed 21 million coins, giving it a scarcity similar to gold. Bitcoin is issued through a process called mining, where miners use computer power to solve complex equations and verify transactions on the network.
Bitcoin has become a valuable means for international financial transfers and a popular investment vehicle due to its significant price volatility. Despite criticisms related to energy consumption and market volatility, it has paved the way for thousands of other digital currencies and changed the concept of traditional money.#BTCVolatility $BTC