Timing The Breakout: When Will Bitcoin Escape The Post-Halving Consolidation?
NewsBTC 27 Apr 2024
Bitcoin (BTC), the largest cryptocurrency in the market, has been trading within a re-accumulation range between the $59,000 and $70,000 price levels for the past month and a half.� ... Historically, This consolidation phase lasts up to 150 days before Bitcoin breaks into a parabolic uptrend. Based on this pattern, if Bitcoin continues to consolidate for the next 150 days, Rekt suggests a breakout would be expected in September 2024.
Bitcoin Runes Hype Dissipates: Why This Makes Life Difficult For Miners
Bitcoinist 27 Apr 2024
Data suggests the hype around the new Bitcoin Runes has severely dropped, something that’s not a good sign for miner revenues. Bitcoin Halving Effect Settles In On Miner Revenue As Runes Interest Drops. A few days back, the much-anticipated Bitcoin Halving went through ... This protocol provides a way to mint fungible tokens on the Bitcoin blockchain.