$BTCUSD Weekly Chart Prospective - #Bitcoin $BTC
$BTCUSD Weekly Chart Prospective
BITCOIN Scoring
Overall Score: 73.8%
Open communication channels: 100%
Product strength: 90%
Coin strength: 72%
Brand awareness/Buzz: 0%
Activity on social media: 5%
Quick Research
Purpose: Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.
Product Status: Fully working product
Consensus Method: Proof of work
Emission rate: No new tokens created
TXN'p/s: 7
Abstract:
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.
Investment data
Listed on 0 exchanges
CoinMarketCap Rank: 1
Market Cap: $169 B
24H Volume: $29 B
Coin Age: 78 months
BITCOIN Scoring
Overall Score: 73.8%
Open communication channels: 100%
Product strength: 90%
Coin strength: 72%
Brand awareness/Buzz: 0%
Activity on social media: 5%
Quick Research
Purpose: Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.
Product Status: Fully working product
Consensus Method: Proof of work
Emission rate: No new tokens created
TXN'p/s: 7
Abstract:
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.
Investment data
Listed on 0 exchanges
CoinMarketCap Rank: 1
Market Cap: $169 B
24H Volume: $29 B
Coin Age: 78 months
Transaction en cours:
On a short time frame we should see the last push higher
Transaction en cours:
Low Volume retest before going down to test $10500 area
Transaction en cours:
we have tested $10500 and passed it as well . i like to be bullish but chart has not showed that yet. so more down side for now
Transaction en cours:
for Now Bulls have not come with any force to defend this down trend. looking at those down bars all they finished on thier butt and it shows more down side move on its way. for now the target is around $10100-$10200
Transaction en cours:
Supply has not exhoused yet so for now target $10200 is intact
Transaction en cours:
selling pressure has not slow down yet , sitting tight and looking to see how its unfold. on 4 hours chart the last two bars almost finished up on their butt=weakness
bulls need to defend this or we are going lower
bulls need to defend this or we are going lower
Transaction en cours:
That 4 hours’ candle tells us that cautious is required
