Bitcoin's First Transaction: A Historical Milestone
- First Transaction: On May 22, 2010, Laszlo Hanyecz made history by using 10,000 BTC to purchase two pizzas, marking Bitcoin's first real-world transaction and demonstrating its potential as a practical currency, thus paving the way for cryptocurrency's everyday use.
- Price Evolution: At the time, 10,000 BTC was valued at just $40, but it has now surged to over $771 million, highlighting Bitcoin's volatility and its growing allure for global investors.
- Proof of Utility: Hanyecz's purchase not only made Bitcoin tangible but also showcased its ability as a store of value, enhancing the acceptance of cryptocurrencies in global commerce, spanning a wide range of goods from food to luxury items.
- Historical Impact: Since the publication of Bitcoin's white paper in 2008, it has transformed from a $40 pizza purchase to a valuation exceeding $1 billion, underscoring its lasting influence on digital currency and perceptions of value.
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Technical Analysis for SATS
Technical Sentiment Analysis for SATS (Ordinals) (SATS). As of , SATS (Ordinals) (SATS) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SATS 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, SATS 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 $-.
SATS (Ordinals) (SATS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000000103 | 0.0000000112 | 0.0000000122 | 0.0000000131 | 0.000000014 | 0.0000000149 | 0.0000000159 |
| Fibonacci | 0.0000000112 | 0.0000000119 | 0.0000000124 | 0.0000000131 | 0.0000000138 | 0.0000000142 | 0.0000000149 |
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