Golden Trend丨BTC hits new highs, when will the bull market end?

The picture above shows the long-term weekly trend of BTC 2010-2020 in the 10-year cycle. At present, BTC has completed three reward halvings. We can find from the figure that during each round of halving cycle, BTC trend includes large Bull market, bear market, fund-raising at the bottom of the range, the stage of the calf pull-up, the stage of fund-raising again at the peak circuit, and the beginning of a new round of bull market after that, this is the first halving cycle of BTC in 2010-2013, 2013-2016 Both the second halving cycle and the third halving cycle from 2016 to 2020 have been verified. History will not simply repeat, but it is always surprisingly similar. However, the regular characteristics of the BTC market have not changed, but these specific features have changed slightly.

Jinse Finance Mining Earnings Broadcast丨BTC’s total network computing power is about 115.83EH/s: Jinse Finance reported that according to OKEx mining pool data, today’s BTC network’s computing power is about 115.83EH/s, and the difficulty of the whole network is about 13.73T. Block height 633981.

Current BTC revenue (PPS): 0.00000916 BTC/T/day, and the difficulty of computing power on the entire network has increased by 2.52%. It is predicted that the next difficulty will be 14.47T (+5.35%), and there are still 6 days left before the adjustment. [2020/6/10]

At present, BTC has completed the third cycle of evolution, and once again entered the new bull market range. At present, the overall operating track is still intact, and the general direction is still maintaining a oscillating upward rhythm. At present, there is no sign of peaking. Investors still have to follow the trend. A sharp drop in the course of the bull market is an opportunity to buy and increase positions when the trend is low. Hold it patiently and wait for the arrival of the follow-up main rising market.

Golden Evening News | List of important news on the evening of January 25: 12:00-21:00 Keywords: Bank of France, Elon Musk, Ripple, Coinbase

1. Governor of the Bank of France: Digital currency should be issued by the central bank instead of private companies The central bank of the euro zone is studying digital currency;

2. Musk: Instead of focusing on Bitcoin, he focused on the illegal trading of cryptocurrencies;

3. The trading volume of Ripple’s on-demand liquidity platform will set new records in Mexico and the Philippines;

4. South African Nedbank will no longer open new accounts for cryptocurrency-related companies;

5. The Cardano team is working with the EU consortium to study the use cases of distributed ledger technology;

6. Deutsche Bank: Bitcoin will not replace cash;

7. Coinbase's venture capital has invested in more than 50 blockchain-related projects, most of which have not issued tokens;

8. Li Qiwei suggested that Litecoin miners donate 1% of block rewards to the Litecoin Foundation;

9. Zhu Qiping, deputy mayor of Quanzhou: Quanzhou will increase support for the development, application and training of blockchain technology; [2020/1/26]

Analysis | Golden disk: ONT/USDT short-term rebound Pay attention to the 1.60 resistance: Comprehensive analysis of the golden disk: ONT/USDT continues to rebound in the short-term, but the short-term resistance above 1.60 needs attention, and the breakthrough will continue to open up space. [2018/8/16]

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