Bitcoin Miners Reap Massive Rewards With Fractal Bitcoin Mining Despite 61% Price Drop

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 23 2024

FB-2.16%

BTC+4.62%

XRP+4.033%

Should l Buy FB?

Fractal Bitcoin's Merged Mining Benefits: Bitcoin miners are leveraging Fractal Bitcoin's sidechain merged mining to enhance their earnings, despite the FB token experiencing a significant drop in value. Major mining pools like Antpool and F2pool are capitalizing on this opportunity, contributing substantial hashrate to the network.
Market Dynamics and Token Volatility: Although the FB token's price has plummeted by 61.9% from its all-time high, the trading volume remains robust, indicating ongoing interest from miners. The concentration of tokens in a few wallets raises concerns, but the profitability from mining Fractal Bitcoin continues to attract major players in the industry.

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Technical Analysis for FB

Technical Sentiment Analysis for Fractal Bitcoin (FB). As of , Fractal Bitcoin (FB) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for FB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, FB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Fractal Bitcoin (FB) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.343	0.395	0.445	0.497	0.546	0.598	0.648
Fibonacci	0.395	0.434	0.458	0.497	0.536	0.56	0.598

About FB

Fractal Bitcoin is the only Bitcoin scaling solution that uses the Bitcoin Core code itself to recursively scale unlimited layers. It enables infinite scalability and seamless integration with Bitcoin, allowing it to support internet-scale applications while maintaining high consistency with Bitcoin's core principles.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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