Ohio Man: 9 Years for $10M Bitcoin Ponzi Scheme

Ohio man received a 9-year prison term after pleading guilty to operating a $10M Bitcoin trading Ponzi scheme that defrauded dozens of victims.

Bitcoin trades at $76916.22 inside its Bollinger Bands with the upper resistance at $78940.34. The EMA50 at $78724.35 acts as immediate resistance while the EMA200 at $77368.22 provides nearby support in the ongoing bearish trend structure. Neutral RSI at 38.5 and the MACD golden cross at -713.96 create mixed signals that point to a probable retracement toward the lower band support at $76271.91 before any sustained move higher. This BTC price action unfolds against fresh headlines on Bitcoin-related fraud cases.