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FarsideUK Triggers Alerts as BIP-110 Activation Brings Bitcoin Price Volatility

Guavy AI Editorial Team
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BTC
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FarsideUK has issued automatic alerts following the activation of BIP-110. The alert is triggered by detecting new blocks, which in this case total 24 within the current period.

The Bitcoin price action shows that the cryptocurrency is currently trading inside its Bollinger bands with an upper resistance at $63,329.4. However, bearish indicators such as the EMA50 at $64,111.98 and EMA200 at $63,862.79 are capping upside potential.

The MACD death cross at -358.7 keeps momentum negative, while the RSI is at 39.8, leaving room for a possible test of lower band support at $62,455.96 before any sustained recovery.

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