Bitcoin Price Drops

Mimesis Capital: Inside The Event Horizon Report No. 17

Why Hash Strips Predict Local Bitcoin Bottoms So Accurately

Theory: When the bitcoin price reaches a certain level, the selling pressure begins to disappear dramatically.

Bitcoin mining is a tough industry. In the long run, only the most efficient mining companies will remain.

The tendency of the mining industry to attract large amounts of competition combined with the simplicity and beauty of the Bitcoin protocol can give us a way to predict the local “price floors” of Bitcoin.

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Blockware Solutions, a bitcoin mining company, released an in-depth report last year How does halving directly affect miners and the amount of selling pressure that is removed from the market after the halving.

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