WikiLeaks' Pioneering Relationship with Bitcoin
- Bitcoin Donation Milestone: In 2011, WikiLeaks began accepting Bitcoin donations after traditional payment channels were blocked, marking one of the cryptocurrency's earliest successful use cases as a censorship-resistant financial tool, significantly boosting its global visibility.
- Background of Financial Blockade: From late 2010 to 2011, WikiLeaks faced a financial blockade from major payment processors like Visa and PayPal, compelling it to seek decentralized alternatives, leading to the adoption of Bitcoin as a donation channel that ensured funds could flow without control from any single entity.
- Community Reaction and Controversy: Despite concerns within the Bitcoin community regarding potential regulatory scrutiny from WikiLeaks' high-profile adoption, the organization proceeded to publish a Bitcoin wallet address on its website, attracting substantial donations from supporters and broadening Bitcoin's user base.
- Historical Significance and Future Outlook: The WikiLeaks episode not only demonstrated Bitcoin's censorship resistance but also laid the groundwork for its subsequent mainstream acceptance, as Bitcoin has since evolved into a multi-trillion dollar asset class, becoming a crucial part of the global financial system.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) 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 MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0115 | 0.0208 | 0.0299 | 0.0391 | 0.0482 | 0.0575 | 0.0666 |
| Fibonacci | 0.0208 | 0.0278 | 0.0321 | 0.0391 | 0.0461 | 0.0505 | 0.0575 |
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