Bitchat, a decentralized messaging application designed to function without 
internet access, has seen a sharp rise in adoption in Iran during a nationwide 
internet blackout that began in early January 2026. Offline Messaging App 
Bitchat Gains Users in Iran During Protests Bitchat is a peer-to-peer 
messaging application developed by Jack Dorsey, the co-founder of Twitter, […]

Bitchat Sees Rapid Uptake in Iran During Nationwide Internet Blackout

The Ethereum ecosystem continues to see increased development and value locked 
in tokenized assets, according to market analyst Michaël van de Poppe.

ETH-BTC ratio bottomed in April, mirrors 2019 cycle: Analyst

The Bitcoin price has slowed down after a relatively hot start to the year, as 
it appears that not much has structurally changed for the market leader. A 
crypto analyst recently revealed that the premier cryptocurrency continues to 
trade beneath a critical price threshold. Why The Present Scenario Raises 
Caution Among Investors In a January 10 post on social media platform X, 
analyst Ali Martinez shared that the Bitcoin price has continued to trade 
underneath its 50-week Simple Moving Average (SMA). This not-so-optimistic 
trend, according to the crypto pundit, has been ongoing for the past nine 
weeks. Related Reading: Bitcoin Maintains Mid-$90k Levels: Possible Price 
Targets — Analyst For context, the 50-week SMA is a long-term technical 
indicator that calculates, on average, the closing price of an asset — in this 
case, Bitcoin — over the past 50 weeks. This indicator is particularly useful 
in establishing points of dynamic support and resistance during differing 
market cycles. For example, it functions as support during bull markets and 
acts as resistance in bear markets. When Bitcoin trades above the 50W SMA, it 
is often a sign that the market is in a strong uptrend. Contrarily, when the 
Bitcoin price trades beneath this dynamic resistance level for an extended 
period, it indicates that upside momentum is weakening and that major 
corrections might soon ensue. Interestingly, historical data is the source of 
this observation. From the chart shared below, there are recurrent periods 
where the Bitcoin price stayed consistently below the 50W SMA. In those past 
cycles, these periods of prolonged deviation beneath the 50W SMA preceded 
major pullbacks for BTC, which often ranged between 50% to 70%. Notably, the 
pullbacks seen did not end Bitcoin&#8217;s long-term uptrend. Rather — as is typical 
of corrections — they likely served as reset phases, where excessive leverage 
was wiped out of the market in preparation for the next long-term 
continuations. As a result, concerns have been raised among Bitcoin market 
participants, considering the similarity of the current setup to past ones. If 
history were to repeat itself here, the Bitcoin price could see a pullback by 
at least 50%, with the price falling to levels as low as $50,000. Bitcoin 
Price Outlook On a more positive note, the Bitcoin price still has a chance to 
escape the snares of its historical woes. For this to happen, the world&#8217;s 
leading cryptocurrency would have to reclaim the 50-week moving average and 
hold above it for prolonged periods. As of press time, the price of Bitcoin 
stands at around $90,352, reflecting no movement in the past day. Related 
Reading: Bitcoin’s Next Peak Might Ignite ADA’s Rally, Says Cardano Creator 
Featured image from iStock, chart from TradingView

Bitcoin Price Remains Below 50-Week Moving Average — What This Means

Welcome to Latam Insights, a compilation of the most relevant crypto news from 
Latin America over the past week. In this week’s edition, crypto rallied after 
Venezuela’s military intervention, Colombia overhauls reporting standards for 
exchanges, and Coinbase suspends USDC onramp services in Argentina. Crypto 
Rallies as Venezuela Shock Shifts Risk Mood After weeks of tight […]

Latam Insights: Venezuela’s Crypto Rally, Colombia Overhauls VASP Reporting

Tax and other regulatory agencies in India claim that cryptocurrencies and 
permissionless blockchain tech undermine tax collection.

Cryptocurrency price in UAH