Bitcoin is the first cryptocurrency. It has an open source that no one owns or controls. Its transactions and emissions are regulated by an extensive peer-to-peer network. The cryptocurrency uses a single database distributed on the network, included in a decentralized peer-to-peer network that uses an electronic digital signature and is supported by a proof-of-work protocol to ensure the security and legitimacy of the funds put into circulation.

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Bitcoin seriously challenging multi-contact point trendline from 2023 bottom. Move through Aug low would be bear signal or bear trap. $BTC

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Crunch time for BTC.

Macro headwinds from US dollar strength. Meanwhile there’s increasing demand on futures market (pro traders) and on-chain fundamentals picking up.

Either way, up or down, we are now setting up for a strong move. Volatility squeeze incoming.

Crunch time for BTC. Macro headwinds from US dollar strength.