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Bitcoin Chain Split Triggers Bearish Momentum at Block Height 966500

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BTC
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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.

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