What does Bitcoin 9.4 mean (Bitcoin 4.12)

What does Bitcoin 9.4 mean? According to official sources, what does Bitcoin 9.4 mean? Bitcoin 9.4 is an abbreviation for the concept of “halving mining rewards”, which is consistent with the price trend of Bitcoin In the Bitcoin network, every 10 blocks are mined to generate a block, which records the historical data of the entire blockchain’s transactions. These numbers will then change or be added back to the blockchain over time. Due to each node having a unique hash value (such as the current 1Mhash/s), when more people join, the block will generate new Bitcoin for incentives and subsidies. Therefore, the time for calculating the reward halving based on the price change of Bitcoin will be longer than the previous halving; At the same time, because there are no newly created new areas where people can gain higher profits, these two currencies can continue to grow and develop

Bitcoin 4.12

According to the Hotcoin market, Bitcoin dropped to around 11700 yesterday evening and then fell back. Within the day, it fluctuated above $10600. At present, the price is operating in a consolidation trend between 11650 and 9300, with trading volume shrinking. From the daily chart, today marks the end of the cross star. The downward opening of the Bollinger Bands has weakened the bull potential energy in the near future; The trend of crossing the 5-day moving average below the 30-day moving average has begun to turn bearish. In the 4-hour level, the MACD fast and slow lines diverge upward from the golden cross below the zero axis. Overall, trading this week is still dominated by high selling and low buying.