A Russian court has imposed an unprecedented fine of approximately $2.5 decillion, or two undecillion rubles, on Google for its refusal to reinstate the accounts of pro-Kremlin media outlets. This bizarre sum, calculated after a protracted four-year legal battle, far exceeds the global GDP, estimated by the World Bank at around $100 trillion.
Below given chart is of 4 hrs of #BTC Support: The nearest support level appears around 70,503.64 based on previous price action where it has shown some consolidation. Another stronger support might be around 66,895.10, which was a previous resistance level.
Resistance: The immediate resistance level is around the recent peak at 73,620.12 and the 24-hour high of 72,978.90.
2. Next Trend Prediction:
The trend appears to be bullish in the short term, as the price has broken through previous resistance levels and is holding above the support level of 70,503.64. The MACD and RSI indicators also show bullish momentum. However, RSI is around 70.42, which indicates that it is approaching overbought territory, meaning there could be a possible pullback or consolidation soon.
3. Trading Strategy for Safe Trade:
Wait for a Pullback: Given the RSI level, it might be safer to wait for a pullback towards the support level of 70,503.64 to enter a buy position.
Set a Stop Loss: Place a stop-loss just below the support level (around 70,000) to minimize risk.
Take Profit: Consider setting a take-profit target near the resistance level of 73,620.12 or the recent high of 72,978.90.
By waiting for a pullback and setting a stop loss, a trader can manage risk effectively while aiming to take advantage of the bullish momentum. #Dyor2024
Everyone is asking how much get in #tomarekt my answer is you will know when it is listed. Before that everyone is giving his own ideas and assumptions. Therefore, no need to calculate it or get tense on it, just wait and watch. #BinanceBlockchainWeek #BTCBreak71K #PhantomOutage
Today, #BTC skyrocketed to an impressive $73K, triggering a staggering $214.92 million in short liquidations! It’s astonishing to see how many traders misjudged the market.
In all my analyses, I’ve emphasized that short positions under $73K were illogical, and today’s market movements have made that crystal clear.
Now, it’s time to turn the tables—get ready for the hunt for complacent LONGs! Ensure you’re positioned correctly on the chart. Stay sharp and trade smart! 📈💰 #CryptoAMA #BTCBreak71K
#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here!
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Someone Just Won Bitcoin Fortune by Mining Block Alone
A solo Bitcoin block was recentlymined for the first time in over a decade, according to FutureBit founder John Stefanopoulos.
A single user managed to find a Bitcoin block with their own hardware.
"This is the first solo block in over a decade to be found on a single device, running a full node, and submitting that block anonymously and independently with no third parties," Stefanopoulos said.
The block was found on an Apollo II full-node device that was running the user's own independent node and solo stratum server.
During Bitcoin's earliest days, it was possible to produce blocks with an ordinary personal computer. However, after more users started joining the network, solo mining was getting increasingly difficult. Miners started joining "pools" that made it possible to signfincalty speed up the block generation process by collectively using their resources and subsequently sharing block rewards. Now, however, they are persistent concerns about the increasing centralization of mining pools.
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Given that Bitcoin's difficulty currently stands at 95 trillion, the odds of mining a solo block are infinitesimally low. Producing a block can take years or even decades for a solo miner.
As noted by Stefanopoulos, "someone’s life just changed in the best way possible."
Following the most recent halving, Bitcoin's current block reward currently stands at 3.125 BTC (roughly $216,024).
Asreported by U.Today, the price of Bitcoin recently surpassed the $69,000 level.