Golden Trend丨Golden Cross again BTC will start again this time?

The picture above shows the long-term weekly trend of BTC from 2010 to 2020. The two key moving averages in the figure are the weekly MA20 and MA50 moving averages. The research shows that every time the MA20 moving average crosses the MA50 moving average to form a golden cross, BTC will start a wave of strength Uptrend quotes. For example, in July 2012 for the first time, the weekly MA20 crossed the MA50 moving average golden cross, and then BTC started the 12-year slow bull market and the 13-year mad bull market, and the price rose all the way from $8 to the 13-year bull market The peak was 1150 US dollars, which lasted 490 days and increased by 144 times. The second time was in October 2015, MA20 golden cross MA50 moving average, BTC also entered the 16-year slow bull market and 17-year bull market, the currency price rose strongly from 300 US dollars to the peak of the 17-year bull market close to 2 Ten thousand US dollars, which lasted 777 days and increased by 64 times. The third time was in June 2019, the two-line golden cross, the price started from 8,000 US dollars, rose all the way to the peak of 14,000 US dollars in 2019, and then fell back. It lasted 20 days and increased by 75%. This time, the golden fork belongs to the 19-year trend of BTC. The rise in the relay consolidation stage, the price further upward breakthrough after gaining momentum.

Golden Morning News | September 20 Overnight Important Updates: 21:00-7:00 Keywords: BTC anchor currency, USDC, Bitcoin ETF, Uniswap

1. Data: The total circulation of BTC anchor coins reached 106,000.

2. Former Goldman Sachs hedge fund manager: The approval of Bitcoin ETF will bring billions of dollars to the encryption market.

3. After Uniswap issued UNI, $165 million in Bitcoin has been transferred to Ethereum.

4. USDC Treasury issued more than 18.74 million USDC on the Ethereum network.

5. Author of "Rich Dad, Poor Dad": The new crown virus disappears Bitcoin will return to the bear market again.

6. Data: More than 83,400 bitcoin options will expire on September 25.

7. The central bank's competent media published an article saying: China's legal digital currency has the conditions for landing. [2020/9/20]

Jinse Finance mining data broadcast | BSV network computing power dropped by 4.65% today: Jinse Finance reported, according to the data from the spider mining pool:

The computing power of the entire ETH network is 183.422TH/s, the mining difficulty is 2267.60T, the current block height is 10074285, and the theoretical income is 0.00820107/100MH/day.

The computing power of the BTC network is 110.332EH/s, the mining difficulty is 16.10T, the current block height is 630535, and the theoretical income is 0.00000780/T/day.

The BSV network computing power is 1.886EH/s, the mining difficulty is 0.28T, the current block height is 635097, and the theoretical income is 0.00047729/T/day.

The BCH network computing power is 2.522EH/s, the mining difficulty is 0.36T, the current block height is 635306, and the theoretical income is 0.00035688/T/day. [2020/5/16]

From the current point of view, the weekly MA20 once again crosses the MA50 moving average golden cross to go up. The previous three golden crosses in history were either the start-up stage of the big bull market or the intermediate stage of the rise in the bull market, and the previous long-term 19800-14000 The suppression line, the head-and-shoulders bottom formed by the weekly breakthrough of 10,500 US dollars, and the weekly big double bottom formed by the 0.5 Fibonacci point of 11,400 US dollars on the weekly line and the 0.5 Fibonacci point of 19,800 US dollars, all indicate that there is still a big market outlook. In terms of space, medium and long-term trend operations are still dominated by bargain hunting.

Golden Data reports that the global cryptocurrency market value is 1,868.447 billion RMB: According to the Golden Data report, according to AIcoin data, the current global cryptocurrency market value is 1,868.447 billion RMB, of which Bitcoin ranks first with a market value of 709.9 billion RMB, accounting for 38.01% ; Ranked second is Ethereum, with a market value of RMB 311.6 billion, accounting for 16.69%; ranking third is Ripple, with a market value of RMB 137.7 billion, accounting for 7.38%. [2018/6/14]

Tags：

AVAX