Bitcoin: Taproot Adoption Beats Prior Upgrades

Bitcoin Taproot adoption by output value shows reasonably strong growth compared to P2SH and SegWit upgrades, surprising observers given SegWit's fee savings and expectations of slower cycles as the network matures, according to data from mainnet.observer. BTC price sits at $62481.72 on the 4h chart inside Bollinger Bands with upper resistance at $63674.42 and lower support at $58767.55 while EMA50 at $61080.95 acts as concrete support and EMA200 at $64638.72 caps upside; MACD golden cross at 680.04 confirms bullish structure yet RSI at 64.54 leaves room before overbought territory, suggesting price may test the 50-EMA before continuation. Bitcoin Taproot adoption rates and crypto network upgrade cycles continue to drive institutional flows as BTC output type distribution accelerates.