To learn more about the coin circle, clickContinuously updatingThe Bitcoin market has once again sparked a bullish trend. According to the analysis of the technical indicator RSI (Relative Strength Index), it is expected that the price of Bitcoin is expected to soar to $65000
To learn more about the coin circle, clickContinuously updating
The Bitcoin market has once again sparked a bullish trend. According to the analysis of the technical indicator RSI (Relative Strength Index), it is expected that the price of Bitcoin is expected to soar to $65000.
BTC Charge Up 35000! 81% of Bitcoin addresses are slightly vulnerable to profitability in Taifang
Coin Circle (120BTC. CoM): Bitcoin (BTC) prices continued to fluctuate and rise over the weekend,
After accumulating energy, it will approach 3 again at 02:30 today (30th)
Ten thousand US dollars, with a maximum of 34750 US dollars; Reported at $34544 before the deadline, up 1.36% in the past 24 hours
At present, based on RSI indicators (daily line), Bitcoin has entered the overbought zone, but there seems to be no significant decline in the short term. Whether it can successfully stand at $35000 and continue to rise in the future still needs to be continuously observed.
Glassnode: 81% of Bitcoin supply is already in profit against the backdrop of Bitcoin's continuous rise. According to the latest weekly report released by blockchain analysis company Glassnode, 81% of supply is currently in profit, with a surge of 4.7 million BTCs, equivalent to 24% of total circulation. The cost base of Bitcoin being transferred is approximately between $27000 and $35000.
However, the Glassnode report also mentioned that a significant portion of the recent price push is due to short leverage being driven by clearing houses.
. On October 17th, open positions decreased by approximately 25000 BTC, a decrease of approximately 8.3%
. On October 23rd, the second large-scale leverage washout resulted in a loss of 35000BTC
After the pressure of bearish positions, whether prices continue to rise steadily or not depends on the confidence of market investors and changes in the overall environment
Ethereum has some slight weaknesses
The Ethereum segment, although still trending similar to BTC, appears more vulnerable. After reaching a high of $1811 earlier, it was reported at $1793 before the deadline, up 0.62% in the past 24 hours
Denchun upgrade postponed to next year
On the other hand, in June of this year, the core developers of Ethereum had originally expected that the Denchun upgrade would be launched before the end of this year. However, after the official launch of the new testing network Holesky last month, the consensus among developers was that there was little possibility of completing the upgrade before the Christmas holiday in December. Anonymous Prvsm developer Potuz confirmed in a core developer conference call at the end of October that it was impossible to fork out the main network in 2023.
Potuz pointed out that in the past few months, there has been a consensus issue among 10 developer networks during the startup testing and upgrade process, and no one has made progress smoothly. Disappointment of a recent positive news from ETH
The term 'Denchun' is a combination of Cancun (Cancun) and Deneb. In this upgrade, the 'Cancun' upgrade occurs at the Ethereum execution layer, which includes rule changes for all protocols. On the other hand, the consensus layer responsible for block validation will independently perform its own forking. This part of the upgrade is called 'Deneb', so it is collectively referred to as' Denchun '.
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