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Crypto Industry News:
America's first nuclear-powered Bitcoin mine announced remarkable results for March. This pioneering facility, which uses nuclear energy to mine the world's leading cryptocurrency, has exceeded all expectations and established itself as a pioneer in the field.
The Nautilus mining center, owned and operated by TeraWulf, has used more than 91% of its zero-carbon energy to power approximately 9,200 machines.
Miners played a significant role contributing to TeraWulf's remarkable operational average hash rate of 3 EH/s per month. This represents an increase of 50% compared to February.
According to TeraWulf's monthly production and operations announcement, Nautilus continues to outshine its competitors in bitcoin mining.
TeraWulf's operational mining fleet of approximately 27,200 miners has been instrumental in achieving an exceptional self-mining throughput of 2.8 EH/s. This represents a phenomenal growth of 65% in the first quarter of 2023.
Technical Market Outlook:
The BTC/USD pair has hit the level of $30,000 and made a new local high at the level of $30,412 ( at the time of writing the analysis). The next target for bulls is seen at the level of $32,370. Please notice, the market conditions on the H4 time frame chart are now extremely overbought, so a pullback towards the technical support seen at $29,184 is due soon.
Weekly Pivot Points:
WR3 - $34,015
WR2 - $31,762
WR1 - $30,882
Weekly Pivot - $29,511
WS1 - $28,630
WS2 - $27,258
WS3 - $25,006
Trading Outlook:
The bulls broken above the gamechanging level located at $25,442, so now the mid-term outlook for BTC is bullish. The next target for bulls is seen at the level of $32,350. As long as the level of 19,572 is not clearly violated, there is a chance for a long-term up trend to continue.
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