June23 :#Bitcoin: $btc beautiful jump from Long term Support belt. MACD also turn bullish in 4 hr time frame. One Day RSI also showing bullish divergence. Quick bounce is showing that bulls actively accumulate picked support.. Upper side many small resistance with major resistance at 50 day and 200 day moving average.
China Mining status: Next 15 days will be crucial, Nearly 70% mining firm will be offline by end of this month. Chinese minors already start shifting to other part of world. Some Minors are using 2nd hand machine too for quick start. BTC and eth both hashrate are decline with china mining crackdown. Its still hard to find actual position. But if btc handle 30k support for next 15-20 days, than it will be very bullish once again.
China Mining status: Next 15 days will be crucial, Nearly 70% mining firm will be offline by end of this month. Chinese minors already start shifting to other part of world. Some Minors are using 2nd hand machine too for quick start. BTC and eth both hashrate are decline with china mining crackdown. Its still hard to find actual position. But if btc handle 30k support for next 15-20 days, than it will be very bullish once again.