Fractal Bitcoin Captures 240 EH/s in 24 Hours
Fractal Bitcoin Launch: Fractal Bitcoin, a new sidechain that allows joint mining of multiple cryptocurrencies, achieved over 240 EH/s of Bitcoin's hashrate within its first 24 hours of operation since its launch in September 2024.
Mining Pool Contributions: Major mining pools such as Antpool, F2pool, and Spiderpool contributed significantly to this hashrate, with Fractal Bitcoin now representing more than 35% of Bitcoin's total hashrate, indicating a notable advancement in cryptocurrency mining efficiency.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC 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, BTC 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 $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 43202.993 | 51601.496 | 60174.513 | 68573.016 | 77146.033 | 85544.536 | 94117.553 |
| Fibonacci | 51601.496 | 58084.617 | 62089.896 | 68573.016 | 75056.137 | 79061.416 | 85544.536 |
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