As of yesterday, the Bitcoin miner capitulation was over.


It was the second longest on record (3 months), suggesting the worst is over for price.
However, let's see how much hashrate, if any, goes offline from the Middle East attacks.
Now trying to work out what "new news" could take Bitcoin lower from here (Black Monday meh).
Bitcoin tends to make its low within the first 10 days of a month; it did so again (February 6).
The first ten days should be choppy, but based on probability, March should be green.
Bitcoin eventually bottoms when price doesn't go down on bad news. Just like when it doesn't go up on good news
BTC2.39%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)