Improved Bitcoin Mining Profitability Boosts Market Confidence
- Bitcoin Price Surge: Bitcoin (BTC) surged past $80,000 for the first time on Monday, triggering $270 million in liquidations of leveraged short contracts, indicating strong market demand and a recovery in investor confidence.
- Mining Profitability Rebound: The expected daily return for Bitcoin miners has climbed to $37 per 1 PH/s, the highest since January 30, despite a 13% drop in total hashrate over the past quarter, suggesting an improvement in miners' profitability.
- Market Share Growth: Bitcoin's market share has reached its highest level since July 2025, reflecting a decline in demand for altcoins, with investor interest significantly shifting towards Bitcoin and Ethereum (ETH), which now account for 95% of the market.
- ETF Inflows: A strong net inflow of $630 million into US-listed spot exchange-traded funds (ETFs) on Friday further boosted market sentiment, and despite the high correlation with tech stocks, Bitcoin's path to $85,000 remains valid.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0143 | 0.0352 | 0.0481 | 0.0691 | 0.0819 | 0.103 | 0.116 |
| Fibonacci | 0.0352 | 0.0482 | 0.0561 | 0.0691 | 0.082 | 0.0899 | 0.103 |
About MAJOR
About the author
