Privacy-Focused BTC Taproot Upgrade Goes Live As Technical Warning Signs Emerge

Taproot, Bitcoin’s Privacy-Focused Upgrade Activates

The much anticipated Bitcoin upgrade, Taproot, was activated this weekend on block 709,632, opening the door for developers to integrate privacy, scalability and security features on the network.

Technically speaking

Bitcoin Ranges at all Time High Territory

After deviating out of the range and coming within an arms length of the $70,000 psychological level last week, bitcoin retraced to the S/R pivot point where buyers stepped in. $62,300 marked the low for the session and BTC/USD is currently facing selling pressure at the top of range.

A final note

On a separate note, I’ve been thinking about the possibility of an exponential bitcoin run-up coinciding with a total collapse of the scare-mongering corona-virus narrative, which has gone into overdrive for nearly two years with no end in sight. Austria has ordered locking down unvaccinated people in their homes, despite the fact that the vaccine doesn’t stop the spread and actually causes break-through cases and variants. Besides the clear human rights violation, the logic just isn’t there and this short note is just the tip of the iceberg.

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Read More: SEC Puts Investors at Unnecessary Risk; Rejects VanEck Spot ETF

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Chris on Crypto

Chris on Crypto

Journalist-turned crypto-writer & analyst; forging the narrative, stacking sats.