Technical analysis by fd-Subutay about Symbol BTC: Buy recommendation (5/23/2024)

BTC is preserving the bullish structure. Bitcoin ₿ is the first decentralized cryptocurrency. Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a public distributed ledger, called a blockchain, without central oversight. Consensus between nodes is achieved using a computationally intensive process based on proof of work, called mining, that guarantees the security of the bitcoin blockchain. Mining consumes increasing quantities of electricity and has been criticized for its environmental effects. (Wikipedia)