Bitcoin Chain Split Triggers Bearish Momentum at Block Height 966500
A potentially significant development has occurred in the Bitcoin blockchain, with reports emerging of a chain split at block height 966500.
FarsideUK, an investment management company based in London, was among those to report the issue, which saw BTC trade at $77066.75.
The bearish trend structure remains intact, with the price sitting below both the EMA50 ($78377.16) and EMA200 ($74124.3) support levels.
Momentum indicators suggest a neutral to bearish outlook, with the RSI(14) at 36.64 and the MACD(12,26) printing a death cross at -580.84.