Bitcoin Exchange Binance Announces It Will Support This Altcoin's Network Upgrade and Hardfork
Binance Support for Firo Upgrade: Binance will support the Firo (FIRO) network upgrade and hard fork on September 16, 2024, temporarily suspending deposits and withdrawals to ensure a smooth transition.
Changes in Tokenomics: The upgrade will stop future halvings of FIRO tokens, leading to a capped supply of 21.4 million over the next 5 to 6 years, with a decrease in inflation rate from 0.98% per year thereafter.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 2 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 51856.679 | 57443.339 | 62876.679 | 68463.339 | 73896.679 | 79483.339 | 84916.679 |
| Fibonacci | 57443.339 | 61652.979 | 64253.699 | 68463.339 | 72672.979 | 75273.699 | 79483.339 |
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