Bitcoin BTC ₿ - Smart Money Concepts Technical Analysis

Bitcoin is a new kind of money. ₿
Bitcoin (BTC) could be worth $2,600,000.

Bitcoin (BTC, XBT, ₿) - is a protocol which implements a highly available, public, permanent, and decentralized ledger. In order to add to the ledger, a user must prove they control an entry in the ledger. The protocol specifies that the entry indicates an amount of a token, bitcoin with a minuscule b. The user can update the ledger, assigning some of their bitcoin to another entry in the ledger. Because the token has characteristics of money, it can be thought of as a digital currency.

Bitcoin is a digital asset designed to work in peer-to-peer transactions as a currency. Bitcoins have three qualities useful in a currency, according to The Economist in January 2015: they are "hard to earn, limited in supply and easy to verify". Per some researchers, as of 2015, bitcoin functions more as a payment system than as a currency.

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₿ Bitcoin BTC - Technical Analysis Weekly Chart Update
₿ Bitcoin BTC - Technical Analysis Weekly Chart Update
₿ Bitcoin BTC - Technical Analysis Weekly Chart Update

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