2 Bitcoin cycles. What’s next for us? – 2022-03-21 5:00pm, New Hall

Certainly, the bullish rally that was triggered by the events described above is very likely to continue through the end of 2021.

Today, the MVRV onchain indicator, which calculates the ratio of market and realized value of BTC, and its derivatives indicate the probability that the bitcoin exchange rate may head towards new all-time highs. In the current cycle, the MVRV high is very similar to the situation in 2017.

Rather, history will repeat itself and we will see rising highs for MVRV and BTC again before the end of 2021. The bitcoin dominance index is also near local resistance at ~48, overcoming which would open the way to ~60 – a stop there would, in turn, allow the top alts to rebound.

The ETF launch also won’t go unnoticed by large investment houses, which can now recruit bitcoin into portfolios for their tens and hundreds of thousands of clients, especially since the demand from the latter is growing every day.

Therefore, bitcoin at $125-150K (see charts) is quite a realistic target till the end of the year. Of course, it will not do without local corrections – everything is as usual here – the greediest will be kicked out and the brave will be rewarded.

3 Mining equipment manufacturers in 2021-2022 – 2022-07-21 5:00pm, New Hall

Mining equipment

Bitcoin miners managed to increase their daily income to a record $52.3 million in mid-March. In February, the 2017 record for weekly earnings was broken, when miners earned $354.4 million in seven days from mining the cryptocurrency.

Miners’ profits are increasing amid rising cryptocurrency prices. The cost of the main digital coin on March 13th updated the historical maximum, exceeding the mark of $ 60 thousand. Since the beginning of the year bitcoin rose in price by 93% and on March 17th, according to TradingView, is trading at $ 55.2 thousand. Over the past three months, altcoins such as Ethereum have also increased in price. Its value for 2021 increased by 141% (from $0.73k to $1.76k per coin).

In February, the demand for video cards in the country increased by an average of 2.6 times, while the interest in ready-made mining farms became 3.8 times more frequent than a year before. Despite the sharp increase in interest in video cards, the supply of them for sale increased by only 18%.