Bitcoin: BIP-110 Block Activation Alert Issued
Bitcoin BIP-110 activation triggers new block alert as BTC holds $65056.4 with EMA50 support at $64371.49 and MACD golden cross intact.
SourceAnalysis
BIP-110 activation fired an automatic alert after one new block, according to @FarsideUK. BTC price sits at $65056.4 inside the Bollinger band, testing upper resistance at $65321.85 while EMA50 at $64371.49 and EMA200 at $63712.82 anchor the bullish structure. Momentum shows RSI(14) at 62.03 neutral and MACD(12,26) at 276.03 confirming the golden cross. With price pressing the upper band and RSI still room to run, the next move likely targets a measured pullback toward the 50-EMA before continuation higher, keeping BTC price prediction models constructive into the next difficulty epoch.
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@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.