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The moving-average convergence divergence indicator — a measure of momentum — suggests Bitcoin’s bullish trend is losing.
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UTC, the world’s oldest cryptocurrency was around $8,957 before jumping as high as $9,399 at 13:00 UTC (9 a.m. EDT) on spot.
This will now diminish from 12.5 bitcoin to 6.25 and will halve again every 210,000 blocks until the last bitcoin is mined in.