Bitcoin BIP-110 Activation Alerts Fire on New Block Discovery

A recent development in the Bitcoin network has seen the activation alerts fire on new block discovery. According to Farside Investors, this has occurred after logging 39 blocks in a given period. The update aligns with the ongoing Bitcoin BIP (Bitcoin Improvement Proposal) activation process and BIP-110 details that market participants track for network signaling.

On the 4h chart, BTC is trading at $63,997.41 inside the Bollinger band, testing upper resistance at $64,515.02. The EMA50 is at $63,771.51 and EMA200 is at $63,657.71, acting as layered support.

The neutral RSI stands at 54.96, combined with a MACD golden cross at 140.39, suggesting a measured pullback to the 50-EMA before continuation rather than an immediate breakout.