- Bitcoin Satoshi Vision’s BSV wants to be recognized as Satoshi Nakamoto but claims Nakamoto plagiarized his thesis paper.
- Bitcoin is still vulnerable to losses as the upside remains unconquered.
Bitcoin recently refreshed the levels under $8,000. However, an almost immediate correction pulled into the $8,000 range. While bulls are working hard to sustain the price above the critical $8,000, the upside has become a hard nut to crack.
As Bitcoin continues to find its space above $8,000, Craig Wright continues to fight for recognition as the true Satoshi Nakamoto. He even went ahead to say that Satoshi plagiarized his university thesis paper. Wright seems to be sure that the truth about his claims will come into light soon enough saying:
“The University still has my thesis from 2008, they still have my proposal. [….] On that alone, you can make a decision when it comes out, and it will.”
In yet another twisted angle, Wright added:
“[When the thesis comes out] Did Satoshi plagiarize me? Because there are sections in the [Bitcoin] whitepaper — whole paragraphs — [that can be found] in some of my work.”
Bitcoin confluence detectors
Bitcoin is trading at $8,067 on Friday in the early hours of the European session. The immediate resistance is placed at $8,110.92 characterized by the five Simple Moving Average (SMA) four-hours, Bollinger Band one-hour middle, SMA five 15-minutes, SMA 10 one-hour, SMA 50 15-minutes and previous high one-hour among others. As it stands the path of least resistance is downwards with the upside also limited at $8,194, $8,362, $8,614 and $8,950.
Bitcoin remains vulnerable to losses even after correcting above $8,000. The first weak support is observed at $8,027. Other key support areas are $7,943, $7,775.25 and $7,103.92.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Ethereum dips slightly amid Renzo depeg, BlackRock spot ETH ETF amendment
Ethereum (ETH) suffered a brief decline on Wednesday afternoon despite increased accumulation from whales. This follows Ethereum restaking protocol Renzo restaked ETH (ezETH) crashing from its 1:1 peg with ETH and increased activities surrounding spot Ethereum ETFs.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective (INJ) price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. Coupled with broader market gloom, INJ token’s doomed days may not be over yet.
US intensifies battle against crypto privacy protocols following crackdown on Samourai Wallet
CEO Keonne Rodriguez and CTO William Lonergan of Samourai Wallet were arrested by the US Department of Justice (DoJ) on Wednesday and charged with $100 million in money laundering on a count and illegal money transmitting on another count. This move could see privacy-focused cryptocurrencies take a dip.
Near Protocol Price Prediction: NEAR fulfills targets but a 10% correction may be on the horizon
Near Protocol price has completed a 55% mean reversal from the bottom of the market range at $4.27. Amid growing bearish activity, NEAR could drop 10% to the $6.00 psychological level before a potential recovery. A break and close above $7.95 would invalidate the downleg thesis.
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?