Bitcoin: BIP-110 Activation Sends New Block Alerts

Bitcoin network activity spiked as BIP-110 activation triggered fresh automatic alerts from FarsideUK, recording 32 blocks in the latest period. BTC traded at $63425.92 while EMA50 sat at $63812.84 and EMA200 at $63757.88, locking in a bearish trend structure that caps upside attempts. Momentum shows RSI(14) at 48.69 in neutral territory and MACD(12,26) at -187.69 confirming a bullish golden cross, yet price remains trapped inside Bollinger Bands with upper resistance at $64454.24 and lower support at $62194.83. Traders note that with price testing upper Bollinger resistance while the broader EMA stack holds firm overhead, a healthy retracement toward the 50-EMA support at $63812.84 appears probable before any sustained continuation higher. This confluence arrives as BTC price prediction models factor in ongoing protocol upgrades like BIP-110 and their potential AI industry impact on network efficiency.