Bitcoin's whitepaper was published!
Abstract. A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution. Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending.
We propose a solution to the double-spending problem using a peer-to-peer network.
The network timestamps transactions by hashing them into an ongoing chain of
hash-based proof-of-work, forming a record that cannot be changed without redoing
the proof-of-work. The longest chain not only serves as proof of the sequence of
events witnessed, but proof that it came from the largest pool of CPU power. As
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network, they'll generate the longest chain and outpace attackers. The
network itself requires minimal structure. Messages are broadcast on a best effort
basis, and nodes can leave and rejoin the network at will, accepting the longest
proof-of-work chain as proof of what happened while they were gone.
A long road until 2020 for the long anticipate halfing of May, and the new all-time high that everyone waiting to "send bitcoin to the moon", as previous halflings dictate. Can this be true, and will history repeat itself? While the pandemic outbreak had pulled back a bit Bitcoin - and actually every and all active markets on this planet - it manages to return on track, showing signs of this "to the moon" phase.
As we see on the charm bitcoin is moving inside an uptrend parallel channel (PCnl-1) and ready has tested the $1395 resistance level once. The momentum seems to be upway, with the correction - or consolidation - inside the channel, and if the $13700 support level holds , then there is a possibility of a breakout from the $14,000, even a fake one.
One more thing is that in the 4 hour chart RSI indicator had formed a divergence. While this formation is not present in other time frames it should be noted. Overall the charts are bullish, and as long as there is this smooth uptrend then I think that it can pass and stay over $14,000.
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