Bitcoin Network Celebrates 17th Anniversary Since Genesis Block Mining
- Milestone of the Genesis Block: On January 3, 2009, Satoshi Nakamoto successfully mined the Bitcoin Genesis Block at 18:15:05 UTC, marking the birth of decentralized digital currency and initiating a financial system without central authority.
- Symbolic Message in the Blockchain: The embedded message in the Genesis Block, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” serves as a timestamp and critiques the traditional banking system, becoming Bitcoin's mission statement.
- Unspendable 50 BTC: The Genesis Block included a 50 BTC reward that is permanently unspendable due to its coding, and while users have sent small amounts to the address as tribute, the original 50 BTC remain untouched since the network's inception, symbolizing Bitcoin's original intent.
- Beginning of a Decentralized Monetary Network: Genesis Day not only marks the birth of Bitcoin but also represents a successful solution to the double-spending problem, launching a peer-to-peer monetary network governed by code, cryptography, and decentralized consensus, profoundly influencing global perceptions of money.
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Technical Analysis for SATS
Technical Sentiment Analysis for SATS (Ordinals) (SATS) As of , SATS (Ordinals) (SATS) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SATS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SATS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
SATS (Ordinals) (SATS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000000128 | 0.00000000463 | 0.00000000849 | 0.0000000118 | 0.0000000157 | 0.0000000191 | 0.0000000229 |
| Fibonacci | 0.00000000463 | 0.00000000739 | 0.00000000909 | 0.0000000118 | 0.0000000146 | 0.0000000163 | 0.0000000191 |
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