Bitcoin: BIP-110 Chain Block Time Hits 6.9 Hours
Bitcoin BIP-110 chain logs 6.9-hour average block times, far from the 10-minute standard, as BTC trades at $64818.01 with EMA50 support at $64418.5.
SourceAnalysis
Bitcoin BIP-110 chain posts average block times of 6.9 hours, rendering the network unusable against its 10-minute design target, @Andre_Dragosch stated.
BTC holds at $64818.01 inside a bullish structure with EMA50 at $64418.5 acting as concrete support and EMA200 at $63728.56 below; price tests upper Bollinger resistance at $65313.58 while RSI sits neutral at 55.06 and MACD flashes a death cross, pointing to a likely retracement toward the 50-EMA before any continuation and raising questions around BTC price prediction, crypto market crash risks, and Bitcoin network performance.
André Dragosch, PhD | Bitcoin & Macro
@Andre_DragoschEuropean Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.
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