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TimeStamps:
00:00 Intro
00:33 Amount of Bitcoin on Exchanges (Bullish or Bearish?)
02:40 Can Bitcoin Stay Above 200 Day MA?
03:34 Bitcoin Approaching Next Big Resistance
04:14 This Indicator is Bad for Bitcoin..
06:06 Bitcoin Volume on All Exchanges (MUST SEE)
07:22 The #1 On-Chain Indicator for Bitcoin RIGHT NOW
08:44 Will Bitcoin Continue Heading Higher? [In Summation]
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Welcome to the #1 most important Bitcoin chart that no one is watching.
Bitcoin has been the talk of the town recently, with its price reaching an all-time high and its volatility showing no signs of slowing down.
But what most people don’t know is that there is one chart that could be the key to understanding Bitcoin’s future.
That chart is the Bitcoin Difficulty Ribbon.
The Bitcoin Difficulty Ribbon is a chart that shows the difficulty of mining Bitcoin over time. It’s important to understand that the difficulty of mining Bitcoin is directly linked to the overall security of the Bitcoin network.
The higher the difficulty, the more secure the network is and the more expensive it is to mine Bitcoin.
This is critical to understanding the future of Bitcoin because it means that if the difficulty increases, the cost of mining Bitcoin will also increase, making it more difficult for miners to profit from mining.
In the past, the Bitcoin Difficulty Ribbon has been a reliable indicator of Bitcoin’s price movements. If the difficulty is increasing, it usually means that the price of Bitcoin will go up as well.
So if you want to get an edge in the Bitcoin market, keep an eye on the Bitcoin Difficulty Ribbon. It could be the key to understanding the future of Bitcoin.
