Bitcoin is a virtual digital currency used to purchase products and obtain various services. It is considered the first digital currency to achieve widespread success and popularity.
How does Bitcoin work?
Bitcoin works on blockchain technology, a decentralized electronic database that allows information to be shared with customers directly and securely.
Main Features
- Decentralized: It cannot be controlled by a specific group or authority.
- Flexibility of use: Anything can be paid at any time.
- Protection and security: It is not linked to the owner's personal information.
- No need to pay fees or commission: There is no third party to complete the process.
Main disadvantages
- Volatility and instability: The price of Bitcoin fluctuates constantly.
- Fraud and deception: It can be forged and manipulated.
- Black market link: used in the black market.
- Non-refundable: Non-refundable after payment.
Technical analysis
- Strong resistance: $105,883.97.
- First pivotal support: $93,642.12.
- Second major support: $67,715.82.
- General trend: Upward in the medium term.
- Trading volume: Relatively low at the top.
Future expectations
- Upward scenario: Breaking the resistance of $105,883.97.
- Bearish scenario: breaking the support of $93,642.12.
note...
This article is not investment advice and we do not assume responsibility.
But it is the writer's point of view