Bitcoin: BIP110 Faces August 7 Self-Fork Risk
Bitcoin BIP110 risks self-fork around August 7 or activation failure, with BTC at $73650.71 showing bearish EMA structure on 4h chart.
SourceAnalysis
Bitcoin developer @adam3us flagged that BIP110 will self-fork around August 7 or fail to activate.
BTC trades at $73650.71 inside Bollinger Bands with bearish structure below EMA50 at $75486.55 and EMA200 at $76832.56. RSI at 38.5 remains neutral while MACD prints a bullish golden cross at -758.62, pointing to a relief move toward upper band resistance at $76497.92 before any deeper test of lower support at $72062.56.
Adam Back
@adam3uscypherpunk, cryptographer, privacy/ecash, inventor hashcash (used in Bitcoin mining) PhD Comp Sci http://adam3.us Co-Founder/CEO http://blockstream.com