(BTC) bitcoin "miners make less money -- work harder"Due to the halving, the miners make less money. This means the miners have to work twice as hard to make the same amount of money. Historically, a miner earns on transactional process. When that money is conceived into a usage case scenario the money as BTC is spendable, or capable of being saved for later. Right now and since April 19/20th 2024 the newest halving should mean miners make less money and therefore have to work harder to make the same amount of money they were making the four years previously. Miners have to adapt and adjust to the new progress sheets earning less money for the same amount of work as before.
The graph chart indicator appears to show the blue line rising over all over moving average lines. This is a good sign that needs to happen to allocate all moving average lines into an order to represent the pattern where Bitcoin's price increases strongly from retail traders interests. The blue line rose above the other MA lines in July but did not commit and failed to see a complete flip of all MA lines. The line formation is tighter now so it is possible the strength is better this time around despite the price slowly falling month to month since the halving.
My Bollinger Band trend graph indicator shows BTC still in the red based on slower incremental movements.
