Technical analysis by TechnicallyBullish about Symbol BTC: Buy recommendation (4/16/2023)

TechnicallyBullish

BTCUSDT Bitcoin is respecting the trend lines in red, channel shows clear support and resistances. higher lows and higher highs,(bullish) could easily break out of this channel with some good buying volume. Gartley visible, if longing, stop loss on the X and take some profit on A, cautiously optimistic. jtBlock Time(average time between blocks)10m 45sBlocks Count785,699 (2023-04-16 21:21:33)Block Size719.191 KBytesBlocks last 24h132Blocks avg. per hour (last 24h)6Reward Per Block6.25+0.1275 BTC (1193,415.02) next halving @ block 840000 (in 54301 blocks ~ 370 days)Reward (last 24h)825+16.84 BTC (225,530,783.06)Fee in Reward(Average Fee Percentage in Total Block Reward)2.1%Difficulty47.888 T next retarget @ block 786240 (in 541 blocks ~ 3 days 18 hours)Hashrate342.693 Ehash/s -3.69% in 24 hoursBitcoin Mining Profitability0.0745 USD/Day for 1 THash/sTop 100 Richest2,878,696 BTC (87,303,631,189) 14.88% TotalWealth DistributionTop 10/100/1,000/10,000 addesses5.93% / 14.88% / 33.19% / 55.87% TotalAddresses richer than1/100/1,000/10,000 USD38,740,340 / 16,476,962 / 7,196,184 / 2,100,838Active Addresses last 24h(Number of unique (from or to) addresses per day)720,935100 Largest Transactionslast 24h: 126,509 BTC (3,836,705,157) 26.88% TotalDescending Broadening Wedge widens as the two trend lines that have formed diverge from one another.The descending broadening wedge is measured to be a reversal pattern and is bullish.