Dannielle Schurk tdYd

🥇 Bitcoin mining difficulty has decreased slightly.

As a result of the next recalculation, the difficulty of mining the first cryptocurrency decreased by 1%. The indicator was 67.31 T.

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BTC will reach $313k 💸

The Top Cap indicator shows the possible maximum price of Bitcoin and at the moment it is $313k.

The indicator itself is not on-chain, but is calculated on the basis of moving averages with a slight change in the formula. It correctly pinpointed the peak of BTC's parabolic rise 4 times, only failing in 2021 when the cycle had an atypical rounded double top.

If the current bull market also turns out to be atypical and we do not see a parabola on the chart with a subsequent sharp top, then taking into account the previous error, we can expect a BTC maximum of $106k.

P.S. This is data for now, the peak of the cycle itself is expected at the end of 2024 or later, so the ATH potential may increase.

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AAII Sentiment Survey: (The top questionnaire in the USA).
- Both bullish and bearish sentiment are back within their typical historical ranges * - Bullish sentiment is above 40% for the 5th week in a row.
- Neutral sentiment is at a 5-week low.

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El Salvador introduced a “Bitcoin freedom visa” for $1 million.

The initiative, in partnership with Tether, called the El Salvador Freedom Visa, is limited to 1,000 people.

Investors withdrew $1.6 billion from the Binance exchange in November.

The outflow was caused by investor concerns that the trading platform could face problems after the forced resignation of Chapeng Zhao from the post of CEO of Binance.

However, Binance is still the leading trading platform. However, its closest competitors OKX, Bybit, Coinbase and Bitget took advantage of its problems. The dominance of these platforms has increased significantly since the beginning of 2023.

Investors withdrew $1.6 billion from the Binance exchange in November.

The outflow was caused by investor concerns that the trading platform could face problems after the forced resignation of Chapeng Zhao from the post of CEO of Binance.

However, Binance is still the leading trading platform. However, its closest competitors OKX, Bybit, Coinbase and Bitget took advantage of its problems. The dominance of these platforms has increased significantly since the beginning of 2023.