The Bitcoin network has reached a significant milestone by processing its one billionth transaction, marking a major achievement 15 years after its inception. This milestone was reached 15 years, four months, and four days after Bitcoin’s pseudonymous creator, Satoshi Nakamoto, mined the network’s first block on January 3, 2009. Throughout its 5,603-day history, the Bitcoin network has averaged 178,475 daily transactions. This actually fails in comparison to the newer crypto Ethereum which has processed 2 billion transactions already. None the less more sign for crypto becoming mainstream.
Resistance
- 67238 – Lower High
- 65964 – 50D Moving Average
- 64690 – Previous Weeks High
Support
- 63188 – Intraday Consolidation Resistance
- 61753 – Intraday Consolidation Support
- 60000 – Psychological
Bitcoin has finally seen a break of the bear channel from April. With this we will be assuming a buy on dips bias for attempts to test the lower highs at 67238. Look for long tails in daily charts for an excuse to jump long, or a break of 64690 if chasing the buy side.
