BTC news:
Bitcoinminer landscape has grown exponentially as the years have gone. While the early years of Bitcoin relied on wide personal computers and GPUs, the current mining operations scenario involves extremely well-organized mining pools that rely on cutting-edge ASIC miners. However, as the scale of the operations has grown, there have been quite a few questions raised regarding the environmental cost incurred while mining Bitcoin.
Technical analysis:
BTC has been trading upwards. The price tested the important reistance at the level of $7,800 and did reject. I see potential for the downside rotation towards the levels at $7,375 and $7,165.
Trading recommendation:
Watch for selling opportunities due to test of the major resistance and the bearish divergence ont he Stochastic oscillator in the background.
The downward targets are set at the price of $7,375 and $7,165.
