Author: dfmines

A Bitcoin ETF could be approved by U.S. regulators by October. according to Bloomberg Intelligence Commodity Strategist Mike McGlone.

Ethereum settled below the $3,000 support zone against the US Dollar. ETH price could resume its decline unless there is a clear break above the $3,000 resistance zone. Ethereum started a fresh decline below the $3,100 and $3,000 support levels. The price is now trading below $3,000 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline unless there is a clear break above the $3,000 resistance zone. Ethereum Price Remains At Risk Ethereum started another decline from the $3,100 resistance zone. ETH traded below many important support zones near $3,000 and the 100 hourly simple moving average, similar to bitcoin. The price even broke the $2,800 support level to move further into a bearish zone. A low is formed near $2,651 and the price is now correcting losses. There was a break above the $2,800 and $2,850 resistance levels. The price recovered above the 23.6% Fib retracement level of the recent drop from the $3,105 swing high to $2,651 low. An immediate resistance on the upside is near the $2,880 level. There is also a major bearish trend line forming with resistance near $3,000 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com The trend line is close to the 50% Fib retracement level of the recent drop from the $3,105 swing high to $2,651 low. A close above the $3,000 resistance could start a decent recovery. The next major resistance might be near the $3,105 level. A clear break and close above the $3,105 level could start a steady increase. The next major resistance sits near $3,135 and the 100 hourly SMA. More Losses in ETH? If ethereum fails to correct higher above the $2,880 and $3,000 resistance levels, it could start another decline. An initial support on the downside is near the $2,800 level. The next major support seems to be forming near the $2,650 level. A downside break below the $2,650 support zone could lead the price towards the $2,550 zone. The next major support is near the $2,500 level, below which ether price might decline towards the $2,420 support zone. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is still below the 50 level. Major Support Level – $2,650 Major Resistance Level – $3,000

I tried mining some ravencoins with my PC, is it any good? I don't mine 24 hrs/day as this is a primarily a gaming PC, maybe just enough to mine the minimum payout. Can I still lower the power limit or will it affect the hash rate? https://preview.redd.it/7fkcfeclkzo71.jpg?width=855&format=pjpg&auto=webp&s=36b7356ca3e209201d1611cef484c62908c5f27b submitted by /u/xMachii [link] …
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Marty Bent, the co-founder of Bitcoin mining firm Great American Mining, is glad to be hodling Bitcoin as uncertainty hangs over the legacy financial system

submitted by /u/Electrical_Potato_21 [link] [comments]

New York Digital Investment Group estimates that Bitcoin mining will not represent more than 0.4% of global carbon emissions over the next decade.

submitted by /u/Old_Afternoon3853 [link] [comments]

The bears may not like this but I’m going to post it anyway and predict that what we just saw was the new bottom for bitcoin at 40k now we are going to launch up. September’s have historically been the weakest month of the year, according to all on chain metrics their has been strong…
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