Bitcoin: BIP-110 Node Switch Button Readied
Bitcoin BIP-110 activation nears as Start9labs adds Core switch at $61463.31 amid fork risks and bearish 4h structure.
SourceAnalysis
BitMEXResearch highlighted Start9labs preparing the BIP-110 tank, noting that BTC node operators may need rapid switches between implementations to avoid network splits as activation height approaches.
Price action on the 4h chart shows BTC at $61463.31 testing lower Bollinger support at $61568.75 while the EMA50 resistance at $63677.21 caps upside and the EMA200 at $68013.28 reinforces the broader bearish trend; the MACD death cross at -473.9 confirms momentum weakness even as RSI at 30.72 stays neutral, pointing to exhaustion before any retest of upper resistance at $65328.82.
BitMEX Research
@BitMEXResearchFiltering out the hype with evidence-based reports on the cryptocurrency space, with a focus on Bitcoin.