Bitcoin Core: Runs v31.0 on Fork Monitor
BitMEX Research updates Fork Monitor to Bitcoin Core v31.0, enhancing BTC network monitoring amid bullish trends at $76,325 price.
SourceBitMEX Research just upgraded its Fork Monitor to run Bitcoin Core v31.0, bolstering real-time oversight of the BTC blockchain. This move sharpens detection of potential forks and node behaviors, critical as Bitcoin navigates volatile markets. With BTC price predictions eyeing new highs, this update aligns with recent network enhancements over the past six months, including improved scalability features that echo the hype around projects like TAO.
Zooming into the 4h chart, Bitcoin holds a bullish structure with price at $76,325 comfortably above the EMA200 at $71,823, signaling strong long-term support. Yet the MACD flashes a bearish death cross at 133.2, clashing with neutral RSI at 58.36—watch for confluence here as BTC tests the upper Bollinger Band resistance near $77,877. If momentum wanes, expect a pullback to the EMA50 at $74,562 before resuming the uptrend, a classic setup in this crypto market rally phase.
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@BitMEXResearchFiltering out the hype with evidence-based reports on the cryptocurrency space, with a focus on Bitcoin.