@CryptoMasterMiner 20 February 2023 more from that month

Bitcoin Weekly (2/20/2023) **Bitcoin Weekly - Edition 47** Bitcoin (BTC) had a strong week retesting the $25K mark and finishing up close to $2.5K as the week ended before resuming its march higher today. The largest cryptocurrency hit a six-month high during the week as volatility remains as the battle between bulls and bears continues. We enter a critical final week of February after a remarkable January that saw BTC gain around 40%. We don't have the same level of macroeconomic news on tap this week as we have had the past few weeks but still have some interesting potential market movers due this week. Perhaps the most scrutinized will be the February Federal Open Market Committee (FOMC) meeting notes release on Wednesday. Investors will pour over the report looking for clues as to the Fed's next move. It is expected to include information from Jerome Powell as to what a rate hike pause might look like. The Federal Reserve is known to sneak in "hawkish" hints into these reports and a repeat could send the markets lower. We also have the latest Personal Consumption Expenditures Index (PCE) figures which detail personal spending figures in the United States. Switching to technical analysis, if we take a peek at the 200-day moving average we see that BTC has been below this mark for quite some time. This indicates we still are in a bear market making it tough for the bulls to take control. Bitcoin did flirt with the mark this past week with the 200-day moving average of around $25.2K which appears to be the current resistance level. On the flip side, the support level seems to be sitting around the 50-day moving average level a bit under $24.5K. With BTC behaving more volatile as of late, we are sure to break through one of these price levels which will decide what side is ruling the market. Miners appear more bullish lately, holding onto more BTC than they are selling. The network's hash rate also continues to rise, another bullish sign, as it tends to do as the price of BTC climbs. A report recently released from the Bank for International Settlements states that most Bitcoin investors who have invested since 2015 are in the red. The report says that retail investors have not done well in terms of BTC while whales and professional traders are still making money. This is bad news for the majority of us. The key takeaway is "A new data set on retail holdings of crypto-assets reveals that in the wake of the Terra/Luna collapse and the FTX bankruptcy, crypto trading activity increased markedly, with large and sophisticated investors selling and smaller retail investors buying." You can read the BIS Bulletin number 69 here. https://www.bis.org/publ/bisbull69.pdf The Crypto fear and greed index highlighted below, is at 58 and up 10 points from last week and moving into the "Greed" range.  **Ten Must-Read Bitcoin Articles This Week** Binance takes over 98% of all Bitcoin spot trading volume (CryptoSlate) https://cryptoslate.com/binance-takes-over-98-of-all-bitcoin-spot-trading-volume/ Bitcoin surpasses Visa’s market cap to be 11th largest asset in the world (Yahoo Finance) https://finance.yahoo.com/news/bitcoin-surpasses-visa-market-cap-121105760.html Is This The Real ‘Mysterious’ Reason Behind The Sudden $100 Billion Bitcoin, Ethereum And Crypto Price Boom? (Forbes) https://www.forbes.com/sites/digital-assets/2023/02/18/is-this-the-real-reason-behind-the-sudden-100-billion-bitcoin-ethereum-and-crypto-price-boom/?sh=559ef0a67145 Get Some Non-KYC Bitcoin Before You Need It (Bitcoin Magazine) https://bitcoinmagazine.com/culture/get-non-kyc-bitcoin-before-you-need-it How bitcoin bounced back after FTX (The Spectator) https://www.spectator.co.uk/article/how-bitcoin-bounced-back-after-ftx/ Bitcoin [BTC]: The two metrics that are crucial to your holdings this week (AMBCrypto) https://ambcrypto.com/bitcoin-btc-the-two-metrics-that-are-crucial-to-your-holdings-this-week/ How the Ordinals movement will benefit the Bitcoin blockchain (Cointelegraph) https://cointelegraph.com/news/how-the-ordinals-movement-will-benefit-the-bitcoin-blockchain Sustainable Bitcoin Protocol seeks to clean up mining (Sustainability Mining) https://sustainabilitymag.com/articles/sustainable-bitcoin-protocol-seeks-to-clean-up-mining Whales Move $384,900,000 in Bitcoin and Two Ethereum-Based Altcoins in Span of Just 8 Minutes (The Daily HODL) https://dailyhodl.com/2023/02/20/whales-move-384900000-in-bitcoin-and-two-ethereum-based-altcoins-in-span-of-just-8-minutes/ What is Bitcoin and how does it work – Pros and cons of Bitcoin investment (FXStreet) https://www.fxstreet.com/cryptocurrencies/news/what-is-bitcoin-and-how-does-it-work-pros-and-cons-of-bitcoin-investment-202302200751 **Bitcoin Price Statistics** *(as of 2/19/2023, weekly close)* Bitcoin Price = $24,302 Last Week = $21,782 Weekly High = $25,112 Weekly Low = $23,880 Market Cap = $482,996,790,844 Market Cap Dominance =40.557% All-Time High = $69,044.67 *on November 10, 2021* statistics provided by CoinGecko **Bitcoin Fun Fact of the Week** We expect the maximum number of Bitcoins to happen around 2140. **Bitcoin Mining Statistics** Miners = 5,321,099 Hashrate = 322.47 EH/s Difficulty = 39.16T Emission (24hr) = 962.5 BTC Circulating Supply = 19.3M (91.9%) statistics provided by MiningPoolStats **Crypto Fear & Greed Index**

index provided by Alternative **What is Bitcoin?** Bitcoin (BTC) is a decentralized digital cryptocurrency.  Bitcoin was invented by the person or persons under the pseudonym Satoshi Nakamoto as described in the Bitcoin Whitepaper released on October 31, 2008.  The original cryptocurrency began trading in January of 2009 and could be transferred in a peer-to-peer fashion implemented using open-source software.  The transactions are recorded and stored on a public ledger called a blockchain.  Only 21 million Bitcoins will ever be minted with one million being owned by its creator(s). For more on Bitcoin, please read What is Bitcoin? [A comprehensive Guide to Understanding Bitcoin] on Publish0x written by Mr.CryptoWiki https://www.publish0x.com/cryptocurrency/what-is-bitcoin-a-comprehensive-guide-to-understanding-bitco-xyezll https://www.publish0x.com/@mr_wiki For information on the Bitcoin white paper, please read I Finally Read the Bitcoin Whitepaper on Publish0x written by CryptoMasterMiner https://www.publish0x.com/journey-through-crypto-from-newbie-to/i-finally-read-the-bitcoin-whitepaper-xznoeql https://www.publish0x.com/@CryptoMasterMiner Find Bitcoin on Bitcoin.org, Reddit, Twitter, Instagram, Facebook https://bitcoin.org/ https://www.reddit.com/r/Bitcoin/ https://twitter.com/bitcoin https://www.instagram.com/bitcoin.com_official https://www.facebook.com/bitcoins/ ***** Where to Buy and HODL Bitcoin (*********Referral Links*********) ***** Coinbase (Get $10 in Bitcoin) https://www.coinbase.com/join/8m5yy3 Crypto.com (Get $25 to sign up) https://crypto.com/app/p7jxbgbthv KuCoin (Lend out your Bitcoin) https://www.kucoin.com/ucenter/signup?rcode=rB973L5 ***** My Crypto Work ***** BOTZ - My Passive Income Generating NFTs (OpenSea link) https://botz.finance/ https://opensea.io/collection/yieldbotz *Yield Farming* - My Book on Amazon (paperback and eBook) https://www.amazon.com/Yield-Farming-Paul-Donaghy/dp/B0BMZ9ZX8T ***** Earn Free Crypto ***** Publish0x - earn crypto for reading and writing articles https://www.publish0x.com/?a=4oeE8VWld0 Presearch - earn crypto for searching on the internet https://presearch.com/signup?rid=3594977 Torum - earn crypto on social media site with a crypto focus https://www.torum.com/?referral_code=cryptomasterminer Zirkles - stories that pay in crypto like Publish0x https://zirkels.com/?ref=cryptomasterminer PipeFlair - Faucet to earn MATIC and other cryptos https://pipeflare.io/r/e7f1 Fountain - earn BTC listening to Podcasts https://fountain.fm/user1954985845262088?code=2f2c9b9717 Thank you for reading Bitcoin Weekly! Resources https://www.investing.com/crypto/bitcoin/historical-data https://ycharts.com/indicators/reports/bitcoin_statistics https://studio.glassnode.com/metrics https://coinmarketcap.com/currencies/bitcoin/ https://miningpoolstats.stream/bitcoin https://cointelegraph.com/bitcoin-price https://www.coingecko.com/en/coins/bitcoin https://alternative.me/crypto/fear-and-greed-index/ https://www.tradingview.com/symbols/BTCUSD/ https://coinlib.io/coin/BTC/Bitcoin https://coincheckup.com/coins/bitcoin https://cryptopanic.com/news/bitcoin/