{"id":475170,"date":"2022-07-18T10:42:50","date_gmt":"2022-07-18T07:42:50","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/btc-miners-finally-capitulating-5-things-to-know-in-bitcoin-this-week\/"},"modified":"2022-07-18T10:42:50","modified_gmt":"2022-07-18T07:42:50","slug":"btc-miners-finally-capitulating-5-things-to-know-in-bitcoin-this-week","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/btc-miners-finally-capitulating-5-things-to-know-in-bitcoin-this-week\/","title":{"rendered":"# BTC miners &#8216;finally capitulating&#8217; \u2014 5 things to know in Bitcoin this week"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3405715f523\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3405715f523\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-miners-finally-capitulating-5-things-to-know-in-bitcoin-this-week\/#%E2%80%9D_BTC_miners_%E2%80%98finally_capitulating_%E2%80%94_5_things_to_know_in_Bitcoin_this_week_%E2%80%9C\" >&#8221; BTC miners &#8216;finally capitulating&#8217; \u2014 5 things to know in Bitcoin this week &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-miners-finally-capitulating-5-things-to-know-in-bitcoin-this-week\/#All_eyes_on_weekly_moving_averages\" >All eyes on weekly moving averages<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-miners-finally-capitulating-5-things-to-know-in-bitcoin-this-week\/#Ethereum_nears_1500_in_potential_trendsetter_move\" >Ethereum nears $1,500 in potential trendsetter move<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-miners-finally-capitulating-5-things-to-know-in-bitcoin-this-week\/#Dollar_strength_finally_flips_in_Bitcoins_favor\" >Dollar strength finally flips in Bitcoin&#8217;s favor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-miners-finally-capitulating-5-things-to-know-in-bitcoin-this-week\/#Miners_dump_14000_BTC_in_days\" >Miners dump 14,000 BTC in days<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-miners-finally-capitulating-5-things-to-know-in-bitcoin-this-week\/#RSI_sparks_%E2%80%9Cvery_rare%E2%80%9D_BTC_price_inflection_point\" >RSI sparks &#8220;very rare&#8221; BTC price inflection point<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_BTC_miners_%E2%80%98finally_capitulating_%E2%80%94_5_things_to_know_in_Bitcoin_this_week_%E2%80%9C\"><\/span>&#8221; BTC miners &#8216;finally capitulating&#8217; \u2014 5 things to know in Bitcoin this week &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-28d77a7a>Bitcoin (BTC) starts a new week nearing key resistance as the shock of the latest United States inflation data passes \u2014 can the strength continue?<\/p>\n<p>The July 17 weekly close may have been practically identical to the last, but BTC\/USD is showing some much needed strength prior to the July 18 Wall Street open.<\/p>\n<p>Last week was a testing time for crypto hodlers everywhere, with inflation dictating the mood across risk assets and the U.S. dollar c<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ing the gloomy atmosphere. With those pressures now easing \u2014 at least temporarily \u2014 the mood has room to relax.<\/p>\n<p>At the same time, on-chain data suggests that now is a make or break moment for Bitcoin miners, and capitulation across the market feels close.<\/p>\n<p>As talk over where Bitcoin\u2019s macro bottom could lie continues, Cointelegraph takes a look at several factors primed to shape BTC price performance in the coming days.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"All_eyes_on_weekly_moving_averages\"><\/span>All eyes on weekly moving averages<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Those watching the weekly chart on BTC will have a sense of deja vu this time around \u2014 BTC\/USD finished July 17 under $100 away from where it was on July 10.<\/p>\n<p>The latest weekly close is something of a disappointment in and of itself, with Bitcoin erasing gains at the last minute to print a \u201cred\u201d candle for the past seven days. <\/p>\n<p>What happened next, on the other hand, had the opposite tone \u2014 a swift overnight march higher, the largest cryptocurrency adding $1,400 in under twelve hours.<\/p>\n<p>It all leads up to a familiar challenge on intraday timeframes \u2014 BTC\/USD is approaching both $22,000 and a key trendline at $22,600 in the form of the 200-week moving average (WMA).<\/p>\n<p>Previously acting as support in bear markets, the 200 WMA has in fact flipped to resistance this time around, having been lost in mid-June and never reclaimed.<\/p>\n<p>As such, analysts are eyeing that level as a key area of interest should bulls be able to sustain upside pressure.<\/p>\n<p>For PlanB, creator of the Stock-to-Flow family of BTC price models, a factor beyond spot price is meanwhile reinforcing its importance. As in previous bear markets, the 200 WMA briefly went above Bitcoin\u2019s realized price this year, providing a classic market reversal signal.<\/p>\n<p>Realized price refers to the average price at which all the bitcoins in existence last moved.<\/p>\n<p>\u201cIn the bear market of 2014\/15 and 2018\/19 (blue) realized price was above 200WMA and the bull market did not start until realized price and 200WMA touched,\u201d PlanB <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/100trillionUSD\/status\/1548623437723205632\">told<\/a> <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> followers on July 17 alongside an accompanying chart. <\/p>\n<blockquote><p>\u201cNow realized price and 200WMA already touched at $22K. For the next bull market we need BTC above realized price and 200WMA.\u201d<\/p><\/blockquote>\n<p>As Cointelegraph reported, bulls seem to need to play a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> of moving averages on longer timeframes, too. In addition to the 200 WMA, the 50-week and 100-week exponential moving averages (EMAs) also figure in forecasts.<\/p>\n<p>The 50 EMA currently sits at $36,000 and the 100 EMA at just above $34,300, data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a> shows.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/0d486de7-82d9-401a-8a36-dd0cf10187a4.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-week candle chart (Bitstamp) with 50, 100 EMA; 200 WMA. Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Ethereum_nears_1500_in_potential_trendsetter_move\"><\/span>Ethereum nears $1,500 in potential trendsetter move<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One catalyst that could take Bitcoin over its key resistance mark at $22,600 could come from an unlikely source \u2014 altcoins.<\/p>\n<p>While normally moves on Bitcoin see other cryptocurrencies before copycat moves up or down, this week, some are waiting to see if BTC\/USD will follow largest altcoin Ether (ETH) higher.<\/p>\n<p>Amid <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> that its transition to Proof-of-Stake (PoS) mining could soon complete, Ethereum has outperformed in terms of price gains in recent days, and is up 25% over the past week alone.<\/p>\n<p>At the time of writing, ETH\/USD was about to challenge $1,500 for the first time since June 12.<\/p>\n<p>\u201c$eth reclaimed its 200 week moving average this week, btc will probably next week, the time to be bearish has defo to an end imo,\u201d popular Twitter account Bluntz <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SmartContracter\/status\/1548791423746846720\">summarized<\/a> on the day.<\/p>\n<p>Fellow commentator Light likewise considered that Ethereum\u2019s strength should keep upward pressure on Bitcoin, noting liquidations among those traders ignoring the ETH moves and continuing to be short BTC.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">shorts had days to get out on BTC. 0 reason to be short it when ETH did what it did. <\/p>\n<p>A large asset in the ecosystem ripping 40% stokes risk seeking behavior everywhere else. It makes people consider that assets can in fact go up in price. It leads to catch-up\/rotational flows. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/nae0WIys9M\">https:\/\/t.co\/nae0WIys9M<\/a><\/p>\n<p>\u2014 light (@lightcrypto) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/lightcrypto\/status\/1548906620364677120?ref_src=twsrc%5Etfw\">July 18, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Cross-crypto short liquidations in the 24 hours into July 18 totaled around $132 million, data from on-chain monitoring resource <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/LiquidationData\">Coinglass<\/a> confirms.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/2a008673-209c-4b1c-abdf-68287bfd8453.png\"><figcaption style=\"text-align: center;\"><em>Crypto liquidations chart. Source: Coinglass<\/em><\/figcaption><\/figure>\n<p>Going forward, however, not everyone is convinced that Ethereum will be able to break its overall downtrend, with the implications obvious for other tokens as a result.<\/p>\n<p>Cointelegraph contributor Micha\u00ebl van de Poppe argued that the pull of the weekend CME futures gap on Bitcoin could provide a downside force to puncture the optimism. <\/p>\n<p>CME futures finished their previous trading day, July 15, at around $21,200. <\/p>\n<p>\u201cWith the potential of a CME gap beneath us (and Bitcoin swimming around the previous CME gap), I won&#8217;t be surprised with a fake-out move and retest lower for $ETH,\u201d he wrote in an <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1548634118950473730\">update<\/a>. <\/p>\n<blockquote><p>\u201cLooking to get into longs around the $1,250-1,280 region.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/0deb72b2-8338-46e6-8847-56a7c8b23d62.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USD 1-hour candle chart (Binance). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Dollar_strength_finally_flips_in_Bitcoins_favor\"><\/span>Dollar strength finally flips in Bitcoin&#8217;s favor<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On the topic of macro movements, the landscape looks overall less frenetic than that which greeted crypto investors last week. <\/p>\n<p>Inflation data has come and gone, and the debate over whether inflation has or has not peaked in the U.S. thus cools until the next Consumer Price Index (CPI) print in August.<\/p>\n<p>The Federal Reserve will decide on how to tackle inflation as regards key interest rate hikes later this month, the Federal Open Markets Committee (FOMC) nonetheless set to meet only on July 26.<\/p>\n<p>Any macro cues when it comes to BTC price action will thus be coming from other areas, with geopolitical triggers high on the list of potential factors.<\/p>\n<p>Asian markets were stronger as the week began thanks to a modest recovery in Chinese tech stocks previously hammered by Coronavirus nerves. <\/p>\n<p>At the same time, the U.S. dollar, the star of recent weeks as equities worldwide felt pressure, began to consolidate its gains.<\/p>\n<p>The U.S. dollar index (DXY), strength in which has long been inversely correlated with cryptoasset performance, headed south under 108 on the day, having reached fresh two-decade highs the previous week. <\/p>\n<p>\u201cFinally seeing a drop on the daily,\u201d Twitter analyst IncomeSharks <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/IncomeSharks\/status\/1548920736571568129\/photo\/1\">commented<\/a>, highlighting the potential for DXY to test a trendline from May. <\/p>\n<blockquote><p>\u201cEven a drop to this trend line would be big for Stocks and Crypto. Would line up perfectly with a bullish week before the FED meeting.\u201d<\/p><\/blockquote>\n<p>Fellow account Rickus also felt that Bitcoin would not \u201cbreak down again\u201d despite a pullback still being possible \u2014 thanks to the DXY comedown and a stronger finish for the S&amp;P 500.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">SPX had a good close before the weekend, DXY also looks a bit weak on ltf while BTC is close to resistance levels..Lines I am watching..I personally don&#8217;t think we break down again although I am looking for a pullback. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/KcYRJFrrbS\">pic.twitter.com\/KcYRJFrrbS<\/a><\/p>\n<p>\u2014 Rickus (@rickus_trades) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rickus_trades\/status\/1548547469369233408?ref_src=twsrc%5Etfw\">July 17, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cShould give room this week for equities &amp; crypto to bounce until it find near support,\u201d 0xWyckoff, creator of crypto trading resource Rekt Academy, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/0xWyckoff\/status\/1548923536944771073\">added<\/a> in part of a thread about the DXY.<\/p>\n<p>In a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/dtapcap\/status\/1548892247797678081\">separate observation<\/a> meanwhile, Dan Tapiero, managing partner and CEO at 10T Holdings, noted that a macro USD high versus the Chinese yuan should mark a turnaround point for BTC.<\/p>\n<p>\u201cLast 3 major BTC highs in 2014, 2018, 2021 roughly coincided with highs in Chinese RMB\/lows in USD,\u201d he noted in part of a tweet on July 18. <\/p>\n<blockquote><p>\u201cSuggests that Dollar peak soon would be supportive of BTC low.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/52122ecf-077d-4794-9c27-5e4aa0356030.png\"><figcaption style=\"text-align: center;\"><em>U.S. dollar index (DXY) 1-day candle chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Miners_dump_14000_BTC_in_days\"><\/span>Miners dump 14,000 BTC in days<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>With so much hope that a trend turnaround could be on the cards, on-chain data showing Bitcoin miners selling inventory looks all the more bleak.<\/p>\n<p>According to data from on-chain analytics platform <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/asset\/btc\/summary\">CryptoQuant<\/a>, beginning July 14, miners removed a significant chunk of BTC from their reserves.<\/p>\n<p>The effect was that miner reserves fell to their lowest levels since July 2021, a point which also marked a BTC price low.<\/p>\n<p>Reserves stood at 1.84 million BTC on July 18, down 14,000 BTC versus the July 14 tally.<\/p>\n<p>For CryptoQuant contributor Edris, the numbers were an encouraging sign, hinting that miners were now contributing to establishing a macro BTC price floor.<\/p>\n<p>\u201cBitcoin miners are finally capitulating,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TradingRage\/status\/1548622600384962560\">summarized<\/a> over the weekend. <\/p>\n<blockquote><p>\u201cBTC price has been consolidating at the $20K level for the past few weeks, making investors wonder whether an accumulation or distribution phase is going on. Looking at the Miners&#8217; Reserve chart, it seems like the latter is the case.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/ad20cd2b-2ae6-4872-b27d-9d4a057d55b4.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin miner reserves chart. Source: CryptoQuant<\/em><\/figcaption><\/figure>\n<p>Macro analyst Alex Krueger meanwhile <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/krugermacro\/status\/1548551733478952962\">described<\/a> June\u2019s miner sales as a \u201cclear sign of capitulation,\u201d adding that miners \u201ctend to accumulate on the way up then puke when things go bad.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"RSI_sparks_%E2%80%9Cvery_rare%E2%80%9D_BTC_price_inflection_point\"><\/span>RSI sparks &#8220;very rare&#8221; BTC price inflection point<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Finally, a \u201crare\u201d event on the Bitcoin chart may just have provided the fuel for a historic turnaround, analysis suggests.<\/p>\n<p><strong><em>Related:\u00a0Top 5 cryptocurrencies to watch this week: BTC, ETH, MATIC, FTT, ETC<\/em><\/strong><\/p>\n<p>Taking the BTC\/USD chart from the beginning of Bitcoin\u2019s lifespan, Stockmoney Lizards noted that Bitcoin\u2019s relative strength index (RSI) is now at suitably low levels and has combined with a touch of a log chart trendline which sparked the greatest BTC price recoveries.<\/p>\n<p>\u201cCurrent exciting and very rare situation now,\u201d it <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/StockmoneyL\/status\/1548351916567982080\">announced<\/a> at the weekend. <\/p>\n<blockquote><p>\u201cRSI below 45 and logaritmic bottom showed a great reversal in the past, followed by a crazy bull run. Cross = RSI&lt;45 + log. Bottom.\u201d<\/p><\/blockquote>\n<p>An accompanying chart showed the power of such an event, which follows RSI hitting its lowest levels on record.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/43997338-6015-40ec-acf1-d4f5b62d38a1.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD annotated chart. Source: Stockmoney Lizards\/ Twitter<\/em><\/figcaption><\/figure>\n<p>For CoinPicks analyst Johnny Szerdi, meanwhile, Bitcoin needed to break the 50 mark on RSI, a key resistance zone in recent months, to avoid the risk of a fresh sell-off.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">GM! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is at a critical point. It hasn&#8217;t been able to break 50 RSI since 3\/14. It rejected from it 5 times since 4\/20. Notice the vertical lines to where it matches up with the big sell offs. With  volume, if we reject here for a 6th time, it could mean another sell off. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/znZNpfJ3K8\">pic.twitter.com\/znZNpfJ3K8<\/a><\/p>\n<p>\u2014 Johnny Szerdi (@johnnyszerdi) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/johnnyszerdi\/status\/1548675935041425411?ref_src=twsrc%5Etfw\">July 17, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/btc-miners-finally-capitulating-5-things-to-know-in-bitcoin-this-week\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; BTC miners &#8216;finally capitulating&#8217; \u2014 5 things to know in Bitcoin this week &#8220; Bitcoin (BTC) starts a new week nearing key resistance as the shock of the latest United States inflation data passes \u2014 can the strength continue? The July 17 weekly close may have been practically identical to the last, but BTC\/USD&#8230;<\/p>\n","protected":false},"author":1,"featured_media":475171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvYmZmNWZlYzUtYWIzYy00MzI2LTk0OTUtYTU1MTVhNjk2MWU0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74989,74937,82402,74891,70551,73785],"class_list":["post-475170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-mining","tag-bitcoin-price","tag-ether-price","tag-ethereum","tag-inflation","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/475170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=475170"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/475170\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/475171"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=475170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=475170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=475170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}