nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqmvlm9xukx5pek66dzt2muwkefhx3mzc4thlzt756n9h8dplrtk3qmxle2g
BITCOIN MINING ECONOMICS FLASH WARNING: PROFITABILITY NEARS 2022 STRESS LEVELS

https://i0.wp.com/img.cryptoquant.com/422679/quicktake/Iqkso_ea51eeea118796c50e53000d4c8160ede28512fa13288ee6e2ae5c29d2af5df9.png?resize=1280%2C720&ssl=1
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✍️  Bitcoin is navigating heightened volatility as it trades around a critical support zone, with market participants questioning whether the price is aligned with underlying network fundamentals.
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👉 Bitcoin is trading around a critical support zone
👉 The NVT Golden Cross suggests that price is beginning to realign with transaction-driven fundamentals
👉 Momentum has weakened, with Bitcoin losing the 50-day moving average
👉 The 200-day moving average represents a critical long-term trend support

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#Moreno #technology
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