Bitcoin: BIP-110 Activation Alerts New Block
Bitcoin BIP-110 activation triggers alerts after 28 blocks; BTC trades at $63489.61 amid bearish EMA structure and MACD golden cross on 4h chart.
SourceAnalysis
Bitcoin BIP-110 activation has triggered automatic alerts after 28 blocks this period, according to @FarsideUK. The move revives discussion around Bitcoin BIP-110 proposal details and BIP-110 activation history and impact on network rules. BTC price sits at $63489.61 inside Bollinger Bands with upper resistance at $65193.74 and lower support at $62058.82; EMA50 at $63923.1 and EMA200 at $63801.54 define the bearish trend structure while RSI at 48.48 stays neutral and MACD registers a bullish golden cross at -314.66, suggesting price may test the 50-EMA support before any continuation higher.
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