These are drawn beneath rising prices and indicate levels where buying interest is strong enough to overcome selling pressure. Traders may use support trendlines to identify potential buying opportunities or to set stop-loss orders.
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How much crypto to be a millionaire?
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Difference between DEX and CEX
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Bitcoin Network Power: This could encompass the overall strength, security, and decentralization of the Bitcoin network. The decentralized nature of the network, supported by nodes and miners distributed globally, contributes to its resilience and censorship resistance.
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The legal status of Bitcoin varies by country, with some nations embracing it, while others have imposed restrictions or bans. Regulatory developments can impact the use and acceptance of Bitcoin.