Bitcoin: Adam Back Rejects Low-Hashrate Fork
Bitcoin at $62890.92 faces Adam Back critique of <0.5% hashrate fork lacking consensus, with 4h chart showing EMA50 support at $62394.55 amid MACD death cross.
SourceAnalysis
Bitcoin drew fresh scrutiny after Adam Back labeled an attempted flag-day fork a low-hashrate sideshow with under 0.5 percent rented hash and zero ecosystem support.
The BTC price sits at $62890.92 inside its Bollinger band on the 4h chart, testing upper resistance near $64100.7 while the EMA50 at $62394.55 and EMA200 at $64221.01 frame the range; RSI at 50.05 stays neutral yet the MACD death cross at 266.36 signals fading momentum, pointing to a probable retracement toward the 50-EMA before any sustained move higher.
Traders tracking BTC price prediction models now weigh whether this fork noise accelerates or delays the next leg in the ongoing consolidation phase.
Adam Back
@adam3uscypherpunk, cryptographer, privacy/ecash, inventor hashcash (used in Bitcoin mining) PhD Comp Sci http://adam3.us Co-Founder/CEO http://blockstream.com
Premium Sponsors
.jpg)
