Bitcoin Network Bottleneck: 6.9 Hour Block Times Spark Concern

The Bitcoin network has hit a snag due to an issue with its BIP-110 chain block time, which has risen to an average of 6.9 hours. This is far from the 10-minute design target set for the network.

BTC's price currently holds at $64,818.01 within a bullish structure, supported by the EMA50 at $64,418.5 and EMA200 at $63,728.56 below. However, the price has also tested the upper Bollinger resistance at $65,313.58.

The RSI sits neutral at 55.06, while the MACD flashes a death cross, which could indicate a likely retracement towards the 50-EMA before any continuation. This development raises questions about BTC's price prediction and potential risks of a crypto market crash, as well as concerns around Bitcoin network performance.