WBTC Launches on Hedera's Institutional-Grade Network
WBTC Launch on Hedera: Hedera has announced the integration of Wrapped Bitcoin (WBTC) into its network, enhancing its DeFi ecosystem with Bitcoin liquidity while ensuring no front-running or unpredictable gas costs.
Collaboration for Integration: The launch was made possible through partnerships with BitGo, BiT Global Trust, and LayerZero Labs, ensuring secure custody and interoperability for WBTC on Hedera.
Market Significance of WBTC: WBTC is the leading tokenized Bitcoin, holding over 126,000 BTC and a market cap exceeding $13 billion, representing 65% of the tokenized Bitcoin market on Ethereum.
Enhanced DeFi Opportunities: The addition of WBTC allows developers to create advanced DeFi applications and provides users with new ways to utilize Bitcoin, all while benefiting from Hedera's low fees and secure environment.
Get Real-Time Alerts for Any Crypto Movement
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 |
About BTC
About the author









