Bitcoin's $127,000 Resistance Level Highlighted by Analyst

On May 17, an on-chain analyst published an article assessing the potential for Bitcoin price movements in the remaining weeks of the second quarter. The analyst pointed out three key points that could be crucial to BTC price movements. The analyst believes that the $127,000 and $159,000 levels are resistance levels to watch in this bull run. Specifically, the $127,000 level coincides with the 1.6x multiplier of the 350-day moving average, which has served as a mid-cycle top in previous bull runs.

With the bull market trend of Bitcoin, the mining industry has ushered in unprecedented opportunities. Bitcoin retail traders are known for entering the market during periods of market activity, usually after a strong monthly rally or a new all-time high. On May 18, as the price of Bitcoin approached $105,000, public interest and retail activity continued to lag. They joined APT Miners to participate in cryptocurrency cloud mining, earning $18,000 or more per day.

APT Miner is a UK-licensed cloud mining platform founded in 2018. With over 9 million users in more than 180 countries, APT Miner provides convenient and scalable mining services to users around the world. The platform is committed to sustainable development, using renewable energy to reduce electricity costs and reduce environmental impact. APT Miner has been the best choice for cloud mining since 2018. While other platforms make big promises but lack transparency, APT Miner is built for long-term profitability. The high-performance mining farms are equipped with the latest ASIC and GPU hardware, all optimized by AI-driven mining algorithms that adapt to market conditions for maximum profit.

APT Miner’s efficient service not only upgrades the mining process but also redefines industry rules with innovative technology and unique models. The platform provides users with core functions such as easy registration with a $15 free bonus, 24/7 profit earning without purchasing expensive mining equipment, deposit and withdrawal of various cryptocurrencies, an intuitive interface for both novice and experienced miners, an affiliate program with up to 3% + 2% referral rewards and up to $100,000 in bonuses, transparent pricing with no hidden fees, green mining technology, and a variety of mining plans ranging from entry-level to advanced contracts.

Security is another area where APT Miner stands out. The platform is protected by McAfee and Cloudflare security, and 90% of user funds are stored offline in cold wallets, ensuring earnings are safe from hacker attacks. Additionally, APT Miner runs on renewable energy, reducing costs and making mining more profitable and environmentally friendly. Another great feature is the APT Miner referral program, which allows users to earn up to $50,000 per month by inviting others, adding more passive income while easily mining cryptocurrencies.

APT Miner is a global leader in cryptocurrency mining, committed to developing and deploying innovative technologies to build a more sustainable and profitable future. The platform maintains the world’s leading blockchain ledger and supports miners’ daily energy consumption by converting clean energy, idle energy, or underutilized energy into economic value, adhering to the long-term concept of “Green Earth.”