The 59K is the intersection of 3 supports.
Buy limit: 59300
Buy limit: 59300
Comment:
Ok the 59K did not work and imo we entered the bearish market officially. The ALTs has started pumping already and we see this in a short period in early 2018 too after BTC ATH. and why not? A huge money behind the big BTC can pump and profit a huge number of little ALTs one by one. so the last chance is profiting from ALTs when BTC is calm.
Comment:
As we see in bitinfocharts.com/
the BTC network hash rate has been fallen 50% in 17 April (with the related news from China), but the network difficulty not, because the difficulty adjusts every 2 weeks, so the fees has been risen dramatically and it directly affect the price. Actually the transaction fees has reached the ATH at 2017.
bitinfocharts.com/co...transactionfees.html
the BTC network hash rate has been fallen 50% in 17 April (with the related news from China), but the network difficulty not, because the difficulty adjusts every 2 weeks, so the fees has been risen dramatically and it directly affect the price. Actually the transaction fees has reached the ATH at 2017.
bitinfocharts.com/co...transactionfees.html