$BTC Bitcoin sideways in a channel very similar to the one in 2024
Bitcoin lateralizado num canal muito semelhante ao de 2024
The BTC daily chart has shown a lateral movement, with little trading volume and a stretched price, well above the LTA (uptrend line).
In the channel formed by the white lines, in the 2024 range, it shows an oscillation amplitude practically equal to what we are experiencing now in the channel formed by yellow lines.
If the scenario continues without volume, there is a high probability that the price will oscillate throughout the rest of 2025 between 98k and 111k
For those who like day trading and short operations, the zig zag within the channel can be very interesting to buy at support and sell at resistance.
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O Gráfico diário do BTC tem mostrado um movimento de lateralização, com pouco volume de negociação e preço esticado, bem acima da LTA ( Linha de tendência de alta ).
No canal formado pelas linhas brancas, no range de 2024, mostra uma amplitude de oscilação praticamente igual ao que estamos vivenciando agora no canal formado de linhas amarelas.
Se o cenário continuar sem volume, existe uma grande probabilidade do preço fica oscilando durante todo o restante do ano de 2025 entre 98k e 111k
Para quem gosta de day trade e operações curtas, o zig zag dentro do canal pode ser muito interessante para comprar no suporte e vender na resistência.
Bitcoin Miners Face Low Profitability, Yet Selling Pressure Remains Low
The current state of the Bitcoin mining industry is raising important discussions about sustainability and competition. Despite facing historically low profitability, miners are still holding onto their BTC reserves. Here are the key points:
1️⃣Transaction Fees at 12-Year Lows
Total fees paid on the Bitcoin network are at their lowest levels since 2012. This is strongly linked to the low on-chain activity this cycle, reducing miner revenues significantly.
2️⃣Low Miner Sell Pressure
The Miner Sell Pressure metric remains at low levels, indicating that miners are not aggressively selling their holdings despite declining profitability.
3️⃣Network Difficulty Still High
Although the hash rate has recently dropped, mining difficulty hasn't adjusted yet. This lag further squeezes miner margins and delays network equilibrium.
4️⃣Hash Rate Volatility Hits Record Highs
The Bitcoin network is experiencing the highest hash rate fluctuations in its history. This is likely caused by large mining operations shutting down ASIC machines, possibly due to falling revenues and low network demand.
While the mining environment is challenging, the fact that miners haven't started selling off their reserves is a positive sign. It’s likely that some mining pools have scaled down operations in response to reduced global usage of the Bitcoin blockchain. As BTC trades above $107K, we may simply be witnessing miners reallocating their hash power to adapt to the current demand.
In past cycles, miners typically sold during rapid price increases and periods of high blockchain activity. The current lack of both suggests a period of adjustment rather than capitulation. For now, it's a matter of closely monitoring the metrics.
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