At $40,500 per coin, Bitcoin is on the verge of exiting the eternal range as buyers step in with conviction.Meanwhile, a BTC mining company, aptly named Stronghold, has filed for a $100 million IPO and plans to massively expand its operations with the proceeds this year.Let\u2019s dig in.BTC mining company Stronghold Digital Mining has filed for a $100 million initial public offering (IPO) with the United States Securities and Exchange Commission in order to fund a massive expansion in its operations. Is China\u2019s loss America\u2019s gain?Check out the full article here!Bitcoin Threatens to Exit the Eternal RangeAfter the failed breakdown below $30,000, the stage was set for a BTC\/USD rally which culminated in a short squeeze.In last Wednesday\u2019s issue, we mentioned that bitcoin resilience and acceptance above $32,000 would be a positive development for bitcoin. The failed breakdown was absorbed but did not allow for easy entries \u2014 leaving many investors and traders sidelined.The question on everyone\u2019s mind is: what\u2019s next?Firstly, the market is teetering at the boundaries of the 10-week strong range. In order to accommodate potential deviations (which are ultimately sold by definition), the $42,600 level denotes the top of the range and $30,000 at the bottom.At the time of writing, BTC\/USD is trending above the 20-weekly EMA, which is the main technical consideration for lengthy bull\/bear market conditions. As such, a weekly close above $39,000 would certainly give more credibility to bullish arguments in the coming weeks and would suggest that the bulls are adamant about defending this reclaimed territory. Should that happen, then pull-backs (even below the EMA) can be bought with confidence in my book.Second, despite being range-bound, bearish market structure has been broken and prices have been climbing for the 7th consecutive day. The risk-to-reward for sidelined bulls must therefore be considered within this\u2026<\/p>","protected":false},"excerpt":{"rendered":"
At $40,500 per coin, Bitcoin is on the verge of exiting the eternal range as buyers step in with conviction.Meanwhile, a BTC mining company, aptly named [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/5052"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=5052"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/5052\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=5052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=5052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=5052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}