Bitcoin: Survives 17 Years of Existential Threats
Bitcoin at $64391.84 endures near-death events from 2009 launch through 2023 regulatory fights, with 4h chart showing EMA50 support at $63886.33 and MACD golden cross.
SourceAnalysis
Bitcoin has endured repeated existential threats since its 2009 launch, from the 2010 supply bug that minted 184 billion coins to the 2014 Mt. Gox collapse that erased 850,000 BTC and the 2022 FTX implosion that shattered market trust.
China's 2013 and 2021 mining bans, the 2017 block-size war, and the 2018 CVE-2018-17144 inflation vulnerability all tested the network's code, miners, and community, yet BTC kept producing blocks.
Price action on the 4h chart now sits at $64391.84 inside the Bollinger Bands with upper resistance at $65234.58, while the EMA50 at $63886.33 and EMA200 at $63858.31 act as layered support; the MACD golden cross at 294.59 confirms bullish momentum and the RSI at 58.79 leaves room before overbought conditions, pointing to a measured push toward the upper band before any deeper pullback to the 50-EMA.
Kashif Raza
@simplykashifThis personal account shares perspectives on technology startups and digital innovation, with content spanning AI advancements, software development trends, and entrepreneurial strategies for building tech-focused businesses.
Premium Sponsors
.jpg)