Money: bitcoin indicators point to the end of consolidation

MEGA Current bill: Ukrainian Kryptomin used PlayStation-4 consoles

 MEGA Current bill: Ukrainian Kryptomin used PlayStation-4 consoles An unusual device selection met Kryptominer in Ukraine - they poured on thousands of PlayStation-4 consoles. The high power consumption even called the secret service to the plan. © SBU Kryptomining on PlayStation-4 consoles. The high power consumption is not just a huge cost factor in Kryptomining . Finally, the mining of a single bitcoin should devour several tens of thousand kilowatt hours.

after the steep price drop in April and May of this year, in which the bitcoin course has almost halved, the crypto currency consolidates the range between $ 30,000 and $ 40,000. However, two indicators suggest that the bitcoin could break out upwards. Lault here a good chance of purchase?

TORU YAMANAKA/AFP/Getty Images © Provided by Toru Yamanaka / AFP / Getty Images

• Bitcoin is located after crash in consolidation phase

• Bollinger bandwidth and stock-to-flow model could indicate upswing

• Bitcoin community continues to split

for months Caught in consolidation

For about two months, the Bitcoin has moved in a commercial margin between $ 30,000 and $ 40,000. Tweets from Tesla -co Elon Musk, who is increasingly expanding tone of the Chinese Government opposite the most famous crypto currency and the generally falling risk-taking in the markets had sent the Bitcoin to his all-time high in April on descent. Since then, the situation has not relaxed and the Bitcoin lasts only sideways only. An indicator that pursues price volatility now suggest that this sideway phase could be over soon and a great movement imminent, so Omkar Godbole from Yahoo Finance.

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The Bollinger bandwidth

Bollinger bands are a measure of volatility. They run as standard deviation on both sides of the 20-day average price of a crypto or a share. The Bollinger bandwidth is calculated by sharing the span between the two Bollinger bands, through the 20-day average price of the crypto feed. This value has recently dropped to a three-month low of 0.15 at the bitcoin. When the indicator last had fallen on a bandwidth of 0.15, there were large movements, so Godbole. This was the case, for example, in December 2020 and in April of this year when the Bitcoin attached to an interim rally. It is assumed that the Bitcoin could continue to gain ride at the exceeding of the 50-day average, which is currently around $ 36,000, and the next resistance is then at about 45,000 US dollars.

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also another indicator indicates upswing at

also the Stock-Flow Model of Krypto Analyst Planb, which follow Twitter over 600,000 people, indicates that the bitcoin still has plenty of potential upwards. The Stock-Flow model was able to predict the price development of the Bitcoin in recent years with an amazing accuracy, as Nikolas Kessler reports by the shareholder. The current price of the Bitcoin switches as strong as never before the calculations of the model, according to the portal If you believe beliefs after the adoption of the model, the bitcoin should currently be about 80,000 US dollars. - bitcoin action with plus 500 - that's how it works. 72% of private investor accounts lose money if you are using this provider CFDS . You should carefully check if you can afford to take the high risk of losing your money. - Lex Moskovski, investment chief at Moskovski Capital sees nothing negative in this deviation from the model, as he announced about Twitter. Much more be a great entry opportunity, for every investor, which believes in the Stock-Flow model and the Bitcoin in general.

How is the Bitcoin continue?

The bitcoin continues to be in a consolidation phase. Among the experts in the Krypto area and within the online community, opinions remain very different. There are almost as many bitcoin bears like bitcoin bulls. Whether the indicators keep right and the bitcoin can break up again, or if the descent is not yet finished, remains to be seen for the time being. Jonas Drubel / Editorial

Production of Bitcoins: The Malaysian Police covers great power theft on .
For several raids in Malaysia, a high current flee flown up. The perpetrators have made the crypto bitcoin in a large style. This process has a very high energy combustion, which caused the perpetrators to relate the electricity illegally. © Provided by Daniel Roland / AFP / Getty Images • In the Malaysian district Miri is said to have been made with illegally related electricity Bitcoins • The energy consumption of crypto feeds is immense • The perpetrators were sentenced to a mon

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