MetaMask Expands Multichain Strategy with New Bitcoin Integration and Linea Rewards Feature
MetaMask Bitcoin Integration: MetaMask has introduced native Bitcoin support, allowing users to buy, transfer, and swap Bitcoin alongside EVM assets and Solana, with SegWit functionality now available and Taproot planned for future updates.
Rewards Program: Users earn MetaMask Rewards points when swapping into Bitcoin, which are linked to a forthcoming MASK-style incentives program valued at over $30 million in LINEA tokens, aligning with Consensys' IPO strategy.
Multichain Expansion: This update is part of MetaMask's broader multichain strategy, which includes previous integrations with Solana and aims to enhance compatibility with Bitcoin Layer 2 solutions like Lightning Network and BRC-20s.
Future Enhancements: MetaMask plans to further develop its capabilities to bridge EVM and non-EVM networks, responding to the growing demand for multi-chain wallets that facilitate on-chain activities and rewards.
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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 4 technical signals, shows that 1 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 | 36455.626 | 48227.813 | 61191.376 | 72963.563 | 85927.126 | 97699.313 | 110662.876 |
| Fibonacci | 48227.813 | 57676.87 | 63514.507 | 72963.563 | 82412.62 | 88250.257 | 97699.313 |
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