Bybit Announces Support for Celestia Network Upgrade

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 6 days ago

BTC+0.183%

TIA+0.592%

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Upgrade Support: Bybit has announced its support for the Celestia (TIA) v0.30.2 network upgrade, indicating that the exchange will manage the technical transition for users holding TIA, ensuring asset security during the upgrade.
Service Interruption Uncertainty: While Bybit has confirmed support for the upgrade, specific details regarding deposit and withdrawal suspension timing, maintenance windows, and service resumption remain unverified, potentially impacting users' trading plans.
User Considerations: TIA holders should monitor Bybit's official announcements for updates on deposit and withdrawal statuses and consider self-custody during the upgrade window to avoid potential transaction failures.
Post-Upgrade Monitoring Signals: After the upgrade is completed, users should watch for an official completion notice from the Celestia team, Bybit's service normalization announcement, and network stability metrics visible through block explorers to assess the success of the upgrade.

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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 5 technical signals, shows that 3 indicators are flashing buy, while 2 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	73172.465	75606.232	77982.465	80416.232	82792.465	85226.232	87602.465
Fibonacci	75606.232	77443.652	78578.812	80416.232	82253.652	83388.812	85226.232

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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