Analysis of #Bitcoin: 👨‍🏫 #CyberAnalyst: Bitcoin may be f | حامد محمدی ۰۰۱ on Binance Square

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حامد محمدی ۰۰۱

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Analysis of #Bitcoin:
👨‍🏫 #CyberAnalyst: Bitcoin may be forming an inverted head and shoulders pattern that could indicate an uptrend.
✍ Of course, buying only makes sense after a positive reaction at the support level.
#sanor016CommUNITY  $BTC 

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حامد محمدی ۰۰۱

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The index of fear and greed in the market is two days, and greed gives them 60 ron

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Recent data shows that whales, or addresses that have a large amount of bitcoins, are buying bitcoins at price floors following the recent drop. According to CoinDesk, since the start of trading of Bitcoin cash ETFs in the United States on January 11 (December 21), this digital currency has lost about 19% of its value and has now reached $39,900. The mentioned whales have been seen in the Bitfinex exchange, which is one of the top 10 exchanges in the world in terms of trading volume. Bitfinex whales are generally known for causing market volatility. Market data shows that at the beginning of the week, Bitcoin was traded $100 more expensive than the global average price on the Bitfinex platform, which is a big difference. This difference at the time of writing this report is 70 dollars, which is higher than the buying and selling rate in major exchanges such as Binance and Coinbase.#Samir 016CommUNITY

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Blockchain The underlying technology of the Bitcoin digital currency, the blockchain, essentially consists of a collection of computers (or nodes) that run Bitcoin and contain a partial or complete history of transactions made on its network. Each node contains the entire history of Bitcoin transactions, responsible for confirming or rejecting a transaction on the Bitcoin network. To do this, the node performs a series of checks to ensure that the transaction is valid. These include ensuring that the transaction has the correct validation parameters, such as nonces, and does not exceed the required length. A transaction occurs only after all active parties on the Bitcoin network confirm it in the block in which the transaction exists. After confirmation, the transaction is appended to the existing blockchain and broadcast to other nodes. Blockchain acts as an anonymous record of transactions (ie its content is visible to everyone, but it is difficult to identify the transacting parties on the network.) This is because the blockchain provides encrypted addresses to each party. Allocates transactions in the network. It is said that even those who do not participate in the network as a node or miner can see these transactions live by looking at the block probes. More computers (or nodes) added to the blockchain increase its stability and security. Although anyone can participate as a node in the Bitcoin network; But not all of them are miners, as long as they have enough storage space to download the entire blockchain and its transaction history.#sanor016CommUNI@sanor016

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What is Bitcoin? Bitcoin is the first decentralized digital currency that operates without the intervention and supervision of intermediaries such as banks and the government. Bitcoin's structure is designed in such a way that it takes advantage of software and peer-to-peer (P2P) encryption; It means direct and unmediated communication between two network users. All transactions and its copies are recorded in a public ledger called blockchain and stored on servers around the world. Each person can start one of these servers through a computer, which is called a node. Through the consensus among nodes, a confirmation transaction and a block are made, and with the addition of blocks, a blockchain is formed. The Bitcoin network is designed in such a way that it encourages users to participate in the construction of this chain with the motivation of receiving rewards. Bitcoin was unveiled by an unknown person in 2009 and was put into operation in 2010 by following its development path. Digital currency was initially a new concept and did not have many customers. But over time, its advantages became apparent: the high speed of transferring financial funds, remaining hidden from the eyes of governments, and the low cost of transfer. Technical analysis of Bitcoin shows that it has great potential and is considered the most valuable digital currency today, but it was not very valuable at the beginning. Once its price was only $0.08 and it worked to the point where it will go up to $68,000 in 2021.#snor016

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Bitcoin Accumulation Trend Score has approximated the value of 1 for the last 4 months, and it's at its strongest in nearly three years, with large entities actively buying up $BTC #snor016

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