Crypto Lobby Criticizes ABC's Exaggerated Coverage of Bitcoin

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 03 2025

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Crypto Lobby's Criticism: The crypto lobby has condemned ABC News for a sensational article on Bitcoin, arguing it misrepresents the cryptocurrency's true value and harms public understanding of digital currencies.
Industry Leaders' Concerns: Prominent figures in the crypto space, including Binance's CEO Changpeng Zhao and Ethereum's co-founder Vitalik Buterin, stress the need for balanced media coverage to foster accurate public perception of cryptocurrencies.
Market Reactions: Despite the media criticism, Bitcoin and altcoins experienced only minor volatility, with institutional investor commitments remaining strong, indicating limited impact from sensational media narratives.
Historical Context: The article draws parallels to the 2018 crypto winter, highlighting how sensational media coverage can lead to temporary market fluctuations, while emphasizing the resilience of blockchain technology and institutional investments against transient narratives.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 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 stock.

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	41986.484	50993.242	61410.484	70417.242	80834.484	89841.242	100258.484
Fibonacci	50993.242	58413.21	62997.274	70417.242	77837.21	82421.274	89841.242

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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