Key facts: Debate on BIP-110 soft fork; BTC below MA, weekly RSI <37
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March 2026: Debate over BIP-110, a proposed 12-month soft fork to filter on-chain data and curb spam like Ordinals/Runes. Critics warned 55% activation risked freezing UTXOs and a split.
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BTCUSD trades below key long-term moving averages, failing to reclaim those resistance zones and showing uncertain trend direction for traders.
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Weekly RSI for BTCUSD fell below 37; since then BTC declined about 30%. Historically, weekly RSI <37 often marks bottoms, with past lows showing bullish RSI divergence (higher RSI low vs prior low).
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source: https://www.tradingview.com/news/tradingview:1fcb084ef5d79:0-key-facts-debate-on-bip-110-soft-fork-btc-below-ma-weekly-rsi-37/
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