Bitcoin Price Prediction: As Peter Todd Denies New HBO Documentary Claim He Is BTC Creator Satoshi Nakamoto, Traders Rush To Buy This ICO With A 3,35
The Bitcoin price dropped a fraction of a percent in the last 24 hours to trade at $63,006 as of 03:21 a.m. EST on trading volume that dropped 19% to $26.8 billion.
This comes after Peter Todd denied the conclusion of an HBO documentary, ”Electric Money: The Bitcoin Mystery,” that he is the enigmatic BTC creator Satoshi Nakamoto.
“For the record. I’m not Satoshi,” Todd told CNN in a statement. Todd accuses the documentary of being “irresponsible” and putting his life in danger.
The documentary’s conclusion that Todd is Satoshi was largely circumstantial. It focuses on Todd’s early involvement with Bitcoin and his connections to other key figures, such as prominent cryptographer Adam Back.
Bitcoin Price Aims For A Breakout
This month, the Bitcoin price is seeing the bulls trying to overcome the $63,576 resistance, according to data from GeckoTerminal . However, the price seems to be consolidating between this resistance and the $61,623 support within a sideways pattern.
The Bitcoin price is currently sandwiched between the 50 and 200 Simple Moving Averages (SMAs), often a zone of consolidation or indecision. A clean break above both SMAs could signal the start of bullish momentum, while rejection here might lead to further downside.
The RSI is currently at 47.32, which is in neutral territory. This suggests the price isn’t strongly overbought or oversold, indicating indecision or a possible consolidation phase.
There has been no clear bullish or bearish divergence visible, so the RSI alone is not signaling any significant price movement yet.
If the bulls pick up momentum at this level, the price of Bitcoin may stage a breakout above the sideways pattern, as they target $64,975.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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