The monthly chart of BTC from Bitstamp shows 3 red heikin ashi bars illustrating the down turn after the parabolic rise in late 2017. The current month is a 'doji' which is a sign of indecisiveness.
Since the low in Feb 18, BTC has produced higher lows, but not higher highs.
Stochastics have leveled off after the decline from the overbought 80 level
The weekly BTC chart shows support at the 50 week moving average (blue line)
After several green heikin ashi bars, BTC has printed a doji and the current week is a red bar.
Stochastics have topped out and have started to roll over
Will the 50 week ma provide support once again???
The daily chart shows more detail regarding the downtrend and the grind back up and sideways from the Feb 6th low.
The 200 dma (Purple line) has provided resistance at 9174 and 9948.
In addition to the 50 week ma, the 7822 level may provide support. (Previous dip low)
Stochastics are embedded under the 20 level - bearish
A closer look at the daily chart and the potential 7822 support level
A daily line chart comparison of BTC in Red, Bitcoin Cash in Blue, Bitcoin Gold in Orange and Bitcoin Diamond in light Blue.
Google trends for the search for BTC, South Africa has held the top position for weeks.
Here is some misc data for BTC. There is over 17 million 'coins' in existence.
This is a chart of the supply in red and the block rewards in blue. It started out at 50 BTC and is designed to be cut in half at a specified block count.
Block rewards are at 12.5 BTC (Completing the blockchain)
Once BTC hits ~21 M BTC, there will be no more block rewards and the miners will only be receiving transaction fees. Will that be enough to continue running the mining farms? Will it be economical? The energy costs going forward will probably be higher than it is today.
If the large mining farms shut down, will there be enough miners to complete the blocks? No one knows for sure as it is the future...........