The key Bitcoin price indicator

03 August 2019, Saturday, 12:45 - Edward Xilay
The key Bitcoin price indicator

One more significant indicator of the BTC shows the average moving challenges of mining. Mining challenges are growing continuously, but when Bitcoin reaches the absolute bottom, they decline.

There is one more indicator that can be used to determine the end of the bearish trend of BTC. Now it is irrelevant, but it will be useful at the end of the bullish cycle. The indicator shows the average moving challenges of mining.

Mining challenges are growing almost all the time. But when the Bitcoin price reaches the absolute bottom, some miners surrender and the challenge drops sharply. At this point, the moving miners are shrinking or declining (highlighted by a green area of the chart). In such an easy way you can find the perfect entry point. The indicator is available free of charge here.



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