Weekend Recap: Bitcoin Jesus Faces Tax Evasion, Gold Surges, Plus More Crypto Updates

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: benzinga_crypto

Updated: Oct 12 2025

BTC+2.936%

C-2.708%

Should l Buy BTC?

Roger Ver's Legal Situation: Bitcoin investor Roger Ver, known as "Bitcoin Jesus," is nearing a settlement with the Justice Department over a criminal tax fraud case involving $48 million in unpaid taxes, which could lead to dropped charges if he complies with the agreement's terms.
Market Trends and Predictions: Analysts suggest that Bitcoin may follow gold's recent rally, as gold approaches a cyclical peak, potentially indicating a similar peak for Bitcoin in the coming weeks.
Morgan Stanley's Crypto Policy Change: Morgan Stanley has lifted restrictions on crypto fund investments, allowing all wealth clients to access these products, a significant change from previous limitations.
Integration of Bitcoin in Retail: Block Inc. plans to integrate Bitcoin into its Square point-of-sale system, enabling merchants to accept BTC payments without processing fees until 2027.

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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	36462.09	48231.045	61197.84	72966.795	85933.59	97702.545	110669.34
Fibonacci	48231.045	57680.101	63517.738	72966.795	82415.852	88253.488	97702.545

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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