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.
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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 |
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