Maddow Slams Trump and Calls Bitcoin ‘Scam’ – She Got These 5 Facts Wrong
Maddow's Critique of Cryptocurrency: MSNBC host Rachel Maddow labeled cryptocurrency a scam, comparing it to Beanie Babies and criticizing the White House's establishment of a national digital asset reserve under Trump.
Counterarguments to Maddow's Claims: The article highlights key differences between Bitcoin and Beanie Babies, emphasizing Bitcoin's liquidity, transparency, durability, fungibility, and real demand, which contradicts Maddow's assertions about its lack of inherent value.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 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 stock.
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 | 36097.011 | 48048.506 | 60367.031 | 72318.526 | 84637.051 | 96588.546 | 108907.071 |
| Fibonacci | 48048.506 | 57319.653 | 63047.378 | 72318.526 | 81589.673 | 87317.398 | 96588.546 |
About BTC
About the author
