online gambling singapore online gambling singapore online slot malaysia online slot malaysia mega888 malaysia slot gacor live casino malaysia online betting malaysia mega888 mega888 mega888 mega888 mega888 mega888 mega888 mega888 mega888 PrimeXBT Analysis: Bitcoin Hash Rate Sets New ATH, Fundamentals Scream Buy The Dip

摘要: In stocks, company profit margins and operating expenses are top priorities in fundamental analysis. Fundamental analysis in forex currencies could involve looking at each nation's GDP or country's political health. Commodity fundamental analysis looks at supply, demand, and environmental factors.

 

 

In stocks, company profit margins and operating expenses are top priorities in fundamental analysis. Fundamental analysis in forex currencies could involve looking at each nation's GDP or country's political health. Commodity fundamental analysis looks at supply, demand, and environmental factors.

But when it comes to cryptocurrencies like Bitcoin, fundamental analysis is vastly different. It involves terminology unusual to finance like hash rates, proof-of-work consensus algorithms, block reward halvings, and all kinds of bizarre barometers of network health.

However, these measurements, when combined with technical analysis, can be extremely telling about where Bitcoin is in its current market cycle. And with the current state of the Bitcoin network along with pure technicals closely mimicking the previous bull market breakout, the latest dip in the cryptocurrency could be the last opportunity of a lifetime to "buy the dip."

PrimeXBT analysts have put together a compelling case as to why Bitcoin fundamentals are more bullish than ever, and how technicals back up the bullish momentum. Here are all the crucial factors to carefully consider before taking any position in the crypto market.

Bitcoin Network Healthier Than Ever, Crypto Fundamentals Could Fuel Rapid Rise

News broke this week that Bitcoin's hash rate, the unit of measurement representing the combined processing power of all of the miners contributing to securing the Bitcoin network, reached a new all-time high.

Not only that, but the critical metric surged some of the largest it ever has week over week, all while Bitcoin price plunged over $2,000. Despite the drop, there are very few – if any – signals in Bitcoin charts, fundamental, technical, or otherwise, that would suggest more bearish downside.

 

 

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