Thursday 14th November 2024

F&G: 88
Price Range: $86-91k (or) £68-72k
Hashrate: 722 EH/s

We’re starting to see the price of bitcoin change its pace. We’re seeing 5k in dollar terms in a 24hr period. This range is important to know, because it means it will compound with the daily moves on the upside. 5k range days in a positive market environment means that Bitcoin is going to cover a lot of distance in a short space of time.

Chances are, it won’t last forever. Previously, Bitcoin has always followed a 4 year cycle that is governed by fundamental economics. But economic laws such as supply and demand are laws for a reason.

They cannot be ignored.

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