Creativity

Bitcoin Miners Stare At $10 Billion In Losses
Around April 20, the Bitcoin halving event will halve the daily rewards for miners from 900 to 450 Bitcoins. This reduction in rewards could result in revenue losses of approximately $10 billion annually for the entire mining industry, considering Bitcoin’s current price.

To mitigate this potential loss, companies like Marathon Digital Holdings Inc. and CleanSpark Inc., along with other miners, are investing in new mining equipment and acquiring smaller competitors. These efforts aim to offset the expected decline in revenue caused by the halving event. Speaking on the development, Matthew Kimmell, a digital asset analyst at CoinShares, said:

“This is the final push for miners to squeeze out as much revenue as they can before their production takes a big hit. With revenues across the board decreasing overnight, the strategic response of each miner, and how they adapt, could well determine who comes out ahead and who gets left behind.”
Observing this trend what is your opinion about the market, leave your comments .

Data indicates a market maturation marked by diminishing volatility - a promising development for stakeholders across the board.

#bitcoinhalving
$BTC

👨🏽‍💻 Coin: #SOL/USDT 💻
○ Exchange -> Binance Futures
Signal Type: Regular (LONG)
Leverage: Cross (20х)

🎯 ENTRY Targets:
85.909
85.710

☑️ TAKE PROFIT Targets:
1) 87.381
2) 88.560
3) 90.099

🔻 STOP LOSS Target:
5-10%

$SOL

Bitcoin Bullets® Market Analysis
January , 2024
➖➖➖➖➖
⚪️TECHNICAL (1D)
The price experienced a surge but faced resistance at the horizontal level of $49,000. A support zone is established in the range of $44,500 to $49,000. Anticipating a consolidation phase within this region, a decisive breakout above $49,000 would signal a bullish trend.

⚪️WRAP-UP (VIP)
Traders and investors should remain vigilant and monitor the price action for further insights into the market's direction.

$BTC DAILY RANGE:
📈Upper Limit: 49000
📉Lower Limit: 45600
(+-8% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲44200
🔴SHORT
💲50000
➖➖➖➖➖
$BTC

#BTC Bitcoin Bullets® Market Analysis
January 8, 2024
➖➖➖➖➖
⚪️TECHNICAL (4H)
Bitcoin experienced a significant surge following a bounce off the trendline support, and it is currently attempting to break through the horizontal resistance. The BTC.D is on the rise, indicating a substantial influx of major funds into $BTC .

⚪️WRAP-UP
As a result, many altcoins are witnessing a decline and displaying sluggish movement, as investors prioritize Bitcoin in the current market scenario.

$BTC DAILY RANGE:
📈Upper Limit: 45200
📉Lower Limit: 43200
(+-11% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲43000
🔴SHORT
💲48000
➖➖➖➖➖

What is the Altcoin for potential gains this week?
comment below

which Bias is the crypto moving