• As shown in the chart, we are observing the formation of a proactive model (Harmonic Pattern) on the four-hour timeframe.
• The model indicates that Bitcoin may currently be heading towards a downward correction to reach the indicated red area.
• This area represents the best upcoming entry levels in case the expected correction occurs.
• The potential entry area is around levels of approximately $88,000.
✏️ Important Notes: • The model is still in the formation stage, so we will monitor its completion carefully. • The ideal entry would be from near the accumulation area after confirming the appearance of rebound signals.
✅ So far, the general trend for Bitcoin remains positive in the medium term, provided it stays above strong support levels.
Reports indicated that some cryptocurrency miners exploited the drop in electricity prices in Kuwait, where the cost of mining one Bitcoin was approximately 1400 USD in 2022, compared to over 18,000 USD in Texas. This exploitation led to increased pressure on the national electricity grid.
On the other hand:
Digital currencies are considered a potential means for money laundering and financing terrorism due to their difficulty in being tracked and the absence of central regulation. Therefore, countries are seeking to criminalize them, as the Central Bank of Kuwait and the Capital Markets Authority issued a circular prohibiting the use of virtual assets as a means of payment or investment, and prohibits the issuance of licenses to provide virtual asset services for the same purpose.
I just bought Bitcoin now from the golden zone! Target one $84,500
Target two $85,000
🔥 The risk is calculated, and the eye is on the big target 🎯 🚀 The market gives opportunities only to those who are prepared, and the rest just watch 👀 ⚡ Either you make the decision… or you become a victim of it! 💥
Bitcoin: The Currency of the Future or a Financial Bubble?
Bitcoin is a decentralized digital currency that relies on blockchain technology, making it resistant to manipulation and counterfeiting. Since its launch in 2009, Bitcoin has become a symbol of financial freedom and digital investment, allowing it to be traded globally without the need for banks or intermediaries.
Bitcoin has experienced sharp rises and falls in its value, making it a target for both investors and speculators. Some see it as the future of digital money and a hedge against inflation, while others warn of the risks of high volatility and potential government regulations.
Nevertheless, its adoption continues in various sectors, with some major companies starting to accept it as a means of payment. Payment networks like the Lightning Network are also evolving to make transactions faster and cheaper.
Whether you are an investor or a follower, Bitcoin remains a financial phenomenon worth paying attention to, and it may play a key role in shaping the future of the global financial system.
Bitcoin: The Currency of the Future or a Financial Bubble?
Bitcoin is a decentralized digital currency that relies on blockchain technology, making it resistant to manipulation and counterfeiting. Since its launch in 2009, Bitcoin has become a symbol of financial freedom and digital investment, as it can be traded globally without the need for banks or intermediaries.
Bitcoin has experienced sharp rises and falls in its value, making it a target for both investors and speculators. Some see it as the future of digital money and a way to hedge against inflation, while others warn of the risks of high volatility and potential government regulations.
Nevertheless, its adoption continues in many sectors, as some major companies have begun accepting it as a means of payment. Payment networks like the Lightning Network are also evolving to make transactions faster and cheaper.
Whether you are an investor or a follower, Bitcoin remains a financial phenomenon worth paying attention to, and it may play a key role in shaping the future of the global financial system.
Bitcoin: The Digital Revolution in the World of Finance
Bitcoin is the first and most famous decentralized digital currency in the world, launched in 2009 by a person or group under the pseudonym "Satoshi Nakamoto". Bitcoin is based on blockchain technology, a distributed ledger that ensures transparency and security in financial transactions without the need for intermediaries like banks.
Bitcoin is characterized by its scarcity, as the maximum number of coins that can be mined is only 21 million Bitcoins, which enhances its value over time. Bitcoin is mined by solving complex mathematical equations using specialized computing devices.
Bitcoin experiences significant price fluctuations, making it an attractive field for investors and speculators. It has also become an accepted means of payment in some stores and global companies. However, it faces challenges such as regulatory constraints and environmental concerns related to energy consumption in mining.
As technological advancements continue and the reliance on digital currencies increases, Bitcoin remains at the forefront of the digital financial revolution, making it an interesting topic in the world of modern investment and economy.