ShareBlockworks Achieves $192M Valuation Amid Strategic Shift
- Successful Funding: Blockworks completed a Series A extension financing round, achieving a valuation of $192 million, which represents a 42% increase from its initial $135 million valuation in May 2023, indicating strong market confidence in its strategic pivot.
- Strategic Shift: The company is transitioning from traditional media operations to a data and intelligence platform, aiming to become a primary data destination for digital asset professionals, thereby enhancing its competitive position against established financial data providers like Bloomberg and Refinitiv.
- Market Demand: Blockworks Research provides on-chain analytics and DeFi protocol metrics, catering to the needs of hedge funds and family offices navigating complex market structures, which further solidifies its market position.
- Investor Background: The funding round was co-led by ParaFi Capital and Reciprocal Ventures, the latter focusing on blockchain infrastructure, reflecting investors' strong interest in sectors at the intersection of traditional finance and blockchain technology.
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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 5 technical signals, shows that 4 indicators are flashing buy, while 1 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 | 68350.837 | 71037.574 | 74112.187 | 76798.924 | 79873.537 | 82560.274 | 85634.887 |
| Fibonacci | 71037.574 | 73238.409 | 74598.088 | 76798.924 | 78999.759 | 80359.438 | 82560.274 |
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