Pentagon's Secret Crypto Ventures Spark Interest
- Pentagon's Crypto Engagement: During a US House Armed Services Committee hearing, Secretary of Defense Pete Hegseth confirmed the Pentagon's involvement in classified operations related to Bitcoin and other digital currencies, indicating a strategic positioning in the digital currency landscape, particularly against China.
- National Security Implications: Representative Lance Gooden emphasized that Bitcoin transcends its financial role, framing it as a national security issue, a sentiment echoed by Hegseth, who acknowledged the military potential of cryptocurrencies, although specific details remain undisclosed.
- Indo-Pacific Command's Bitcoin Node: Admiral Samuel Paparo revealed that the US Indo-Pacific Command operates a Bitcoin node focused on research to enhance network security rather than for commercial transactions or mining, highlighting the Pentagon's commitment to cybersecurity.
- US-China Bitcoin Holdings Comparison: Gooden referenced data from the Bitcoin Policy Institute showing China holds 194,000 BTC compared to the US's 328,000 BTC, underscoring the strategic significance of Bitcoin in national security discussions, despite the data lacking independent verification.
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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 7 technical signals, shows that 4 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 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 | 70592.427 | 72764.973 | 75140.567 | 77313.113 | 79688.707 | 81861.253 | 84236.847 |
| Fibonacci | 72764.973 | 74502.363 | 75575.724 | 77313.113 | 79050.503 | 80123.864 | 81861.253 |
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