Bitlayer Allies with Top Mining Pools for BitVM Integration
Partnership for BitVM Integration: Bitlayer has partnered with major mining pools Antpool, F2Pool, and SpiderPool to enhance the adoption of BitVM on Bitcoin, collectively representing over 31% of Bitcoin's hashrate.
Impact on Miners and Ecosystem: The collaboration aims to increase transaction activity and fees, providing sustainable income opportunities for miners as block rewards decrease, while potentially expanding Bitcoin's use cases in Layer 2 and DeFi.
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Technical Analysis for BTR
Technical Sentiment Analysis for Bitlayer (BTR) As of , Bitlayer (BTR) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTR 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 stock.
Support, Resistance & Moving Averages From a structural perspective, BTR 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 $-.
Bitlayer (BTR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0746 | -0.0139 | 0.0465 | 0.107 | 0.167 | 0.228 | 0.289 |
| Fibonacci | -0.0139 | 0.0323 | 0.0608 | 0.107 | 0.153 | 0.182 | 0.228 |
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