Rare Casascius Bitcoin Redeemed as 25 BTC Moves Onchain
- Rare Bitcoin Redemption: A 25 BTC Casascius coin minted between 2011-2013 was redeemed, successfully transferring 25 BTC from address 1Q53xMg9HpzG5MTd41HzocEj3DDeVhEyFW to onchain, with the transaction recorded in block 952534, highlighting the historical value and market impact of this collectible.
- Market Value Fluctuation: At the time of redemption, the 25 BTC was valued at approximately $1.59 million, and with Bitcoin trading closer to $60,000, the post-redemption value was around $1.5 million, illustrating the volatility of the Bitcoin market and its impact on collectibles.
- Importance of Private Key Control: This redemption underscores that private key control remains the core security principle of Bitcoin ownership; despite the physical coin's status changing, the private key's security was not compromised, ensuring asset liquidity.
- Historical Significance: With the production of Casascius coins ending in 2013, intact coins are becoming increasingly scarce; this redemption not only brings a historical artifact back into circulation but also marks another significant milestone in the early physical era of Bitcoin.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 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 | 44614.223 | 51872.567 | 60074.083 | 67332.427 | 75533.943 | 82792.287 | 90993.803 |
| Fibonacci | 51872.567 | 57778.233 | 61426.76 | 67332.427 | 73238.093 | 76886.62 | 82792.287 |
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