ZonaMatthew
2022-10-28

$Marathon Digital Holdings Inc(MARA)$ MARA Pool produced 75 blocks for 468.75 BTC AS OF 10/25 PM. The Pool is on track to reach 101 blocks for 631.25 BTC by EOM, if they simply match the past 6 days of production. Starting to look very impressive to investors if they can continue to achieve new all-time production highs for the foreseeable months as new miners go live.

Bitcoin and the US equities markets have been rising in opposition to further fears of rising inflation and FED continued raising of interest rates. Bitcoin price may be rising as a result of strong signs pointing to a Congressional turnover in both houses resulting in a more crypto-friendly leadership where sensible regulations could pass sooner than later.

As for the charts moving averages, I still like to watch the 111-day to see if the BTC price can cross over once and maybe twice in a short 1- or 2-week timeframe. The crossover price is currently $20,940. Another positive sign for Bitcoin price appreciation is the slow and steady growing trend of new addresses since June 2022. This trend needs to continue. Achieving these indicators would point to strong upward momentum, IMHO.

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