Last Title: «🚀 Dogecoin Momentum Builds: Why This Week Could Deliver Another Double-Digit Rally»
Bitcoin continues to hold the attention of investors worldwide. With its price defending crucial support levels, many are asking the same question: Is Bitcoin still on track for its $140K dream? The answer is more positive than it may first appear.
The State of Bitcoin’s Network Activity
Despite Bitcoin’s recent record prices, on-chain activity has slowed down. Fee revenue has dropped to multi-year lows, averaging under $500K per day, compared to millions in earlier months. Some observers have called Bitcoin’s blockchain a “ghost town” compared to the bustling network of the past.
But here’s the crucial insight: this is not a sign of weakness for Bitcoin’s future growth.
Why Miners Are Still Confident
Bitcoin miners are the backbone of the network, and their behavior often reveals the real health of the ecosystem. Instead of rushing to sell their coins, miners are choosing to hold BTC. This shows strong confidence that prices will climb higher.
On September 10, miner revenues reached $61 million in a single day, combining both block rewards and fees. Even though transaction fees are lower, the steady appreciation of BTC continues to support miners.
Another positive sign is the rising hashrate, which reflects the computing power securing the network. The higher the hashrate, the stronger Bitcoin’s security and trust. Despite weaker fee revenues, miners remain profitable and the network remains extremely robust.
Strong Support Levels Signal a Bullish Path
For investors, the key numbers are clear:
-
$110K–$112K remains a strong support zone that bulls must defend.
-
Breaking above $123K could set the stage for a surge toward the much-anticipated $140K target.
The 11% increase in Bitcoin’s Stock-to-Flow ratio also reinforces BTC’s scarcity, a core factor in its long-term bullish narrative.
Growing Demand from Institutions and ETFs
Bitcoin demand no longer depends only on retail users making transactions on-chain. Institutions, governments, and treasury companies are driving new demand. ETFs have also accelerated Bitcoin’s role as a store of value, rather than just a settlement network.
This shift in perception is powerful: Bitcoin is being embraced as a modern form of digital gold.
Why This Moment Matters for Investors
With miners showing resilience, hashrate at record highs, and strong support levels intact, Bitcoin’s bullish case remains alive. While short-term network activity appears subdued, the bigger picture is one of strength, scarcity, and long-term adoption.
For those who believe in Bitcoin’s potential, this is the kind of moment that demands a clear decision. When miners, institutions, and investors align in holding BTC, history has shown that the next big move often follows sooner than expected.
Bottom Line: Bitcoin’s journey to $140K is not just alive it is being reinforced by miner strength, institutional demand, and its role as the ultimate scarce digital asset. The opportunity is clear: positioning early could be the smartest move before the market wakes up to the next surge.
⚠️ Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct thorough research before making investment decisions.
As I celebrate my 55th birthday, I'm excited to share an incredible opportunity with you! Join me in embracing the future of finance by investing in my token ($CC55). Let’s make this April a time of prosperity and success together!
Follow our blog for the latest news, updates, airdrops, and other ways to earn crypto assets easily and often for free. If you find this information useful and would like to receive more updates, you can support the project with a small contribution, allowing us to continue providing valuable information to all crypto enthusiasts.
Bitcoin: bc1q20zx0j2fmmk9jca49hanrk2gl3hgqtysuy6fsv
Ethereum: 0x2132aa994E6b0cb0Bc86074Cb75624FAC71b8548
Doge: DJb9299NMr8kWfqNLwZkbaV7P5kgEANHWB
Solana: CMNBYVJi3Z8axYnu44YKpHhsyrKc3ZtszcznaYEguhSA
Follow Us on Social Media
Facebook: https://www.facebook.com/CriptoCanadas/
Instagram: https://www.instagram.com/cryptocanadas/
Bluesky: https://bsky.app/profile/cryptocanadas.bsky.social
Tangled: https://cryptocanadas.tangled.com/join
No comments:
Post a Comment