South Korean convenience store chain Emart24 to sell Bitcoin meal box
- Emart24 Bitcoin Meal Box: Emart24, a South Korean convenience store chain, is launching a Bitcoin-themed meal box in collaboration with Bithumb.
- Availability and Cost: 30,000 Bitcoin meal boxes will be available by the end of the month at $4.30 each or 5,900 Korean won.
- Promotions and Giveaways: Buyers can participate in a Bitcoin giveaway worth 10,000 Won by downloading Bithumb’s app and entering a coupon number from the meal box.
- Crypto Integration in South Korea: South Korean consumer brands are increasingly engaging in crypto promotions, with exchanges like Upbit collaborating with cultural icons and startups like MiL.k partnering with retailers for crypto-based rewards.
- Regulatory Developments: South Korea plans to introduce its first regulatory framework for digital currencies on July 19, imposing stricter penalties for market manipulators, amidst discussions about creating a Joint Virtual Asset Crime Investigation Unit.
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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 | 36142.556 | 48071.278 | 60412.576 | 72341.298 | 84682.596 | 96611.318 | 108952.616 |
| Fibonacci | 48071.278 | 57342.426 | 63070.15 | 72341.298 | 81612.446 | 87340.17 | 96611.318 |
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