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Author: Admin | 2025-04-28
Bitcoin has had a strange year so far. Its unusual financial activity has left some people asking "is Bitcoin dead?", or whether 2023 will be a poorly performing year for the asset. But is this the truth? Does it look as though Bitcoin is going to struggle for the next few months, or is the future bright?Of course, if the answer to "is Bitcoin dead?" is yes, then it could have a trickle-down effect on various other crypto sectors. For instance, it can cause us to question whether Bitcoin mining is also dead, as the mining community is an instrumental organ that keeps the network functional and operational. Naturally, this would be detrimental to this side of the industry, especially considering how, for some, Bitcoin mining is their primary source of income.The market sentiment on Bitcoin will also give us a good insight into the crypto market as a whole, as BTC is still viewed as the leader of the pack. While this may change one day, the general crypto-economic logic is that altcoins will follow Bitcoin's trends. This means that, if Bitcoin is dead, then the general crypto market could be liable to suffer the same fate, too. Such activity would be visible on all crypto exchanges that list Bitcoin, including Binance and Kraken. Did you know? Want to get smarter & wealthier with crypto?Subscribe - We publish new crypto explainer videos every week! Table of Contents 1. Is Bitcoin Dead? A Technical Analysis Overview2. Understanding the Dead Cat Bounce2.1. A Look at Bitcoin Mining3. Are Altcoins Going to Take Over?3.1. The Potential for The Flippening3.2. The State of Bitcoin Cash4. The Future of Bitcoin5. Conclusions Is Bitcoin Dead? A Technical Analysis OverviewOftentimes, when fearmongers ask "is Bitcoin dead?", they first focus on the trading floor. Or, in other
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