A company that is changing the way the world mines bitcoin

BitcoinSistemi 2025-02-22 18:52:06

Analysis Company Warns: “The Signal Seen Before the Movement in Bitcoin Price Has Arrived, This Could Happen in a Few Days”

Cryptocurrency analytics firm Alphractal has issued a warning on the state of the digital asset market, revealing a critical correlation between the performance of cryptocurrency mining stocks and Bitcoin (BTC) price movements. According to Alphractal, historical data shows that declines in the market value of mining companies often precede declines in BTC by a few days. The firm noted that the mining sector is currently experiencing turbulence and uncertainty. If mining-related stocks continue their downward trend, Alphractal predicts that BTC and the broader crypto market are likely to follow suit. Related News: Pi Network Developers Respond to Bybit CEO's Allegations, Are They True? Beyond Bitcoin, the firm also analyzed Ethereum’s (ETH) price action, particularly following the recent Bybit hack. Despite the concerns, Alphractal noted that selling pressure on ETH was not significant following the incident. The firm also noted that recent price swings, such as those that occurred on February 3, had a greater impact on the market. Furthermore, long-term risk assessments suggest that risk appetite has diminished since March 2024, creating an uncertain outlook for Ethereum’s future performance. On the other hand, the reduced risk environment means less liquidation, which could be conducive to long-term accumulation, according to the analytics firm. However, it also points to a stagnant market where price action remains muted until changes in supply and demand determine the next phase for ETH. *This is not investment advice. Continue Reading: Analysis Company Warns: “The Signal Seen Before the Movement in Bitcoin Price Has Arrived, This Could Happen in a Few Days”

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