Crypto Industry News:
According to Bitcoin node statistics reported on the website of the main Bitcoin developer, Luke Dashjr, 60.22% of full nodes run software that is still vulnerable to inflation error.
According to the reported data, software running on 60,101 full nodes is prone to error, which allows Bitcoin miners to artificially inflate the supply of cryptocurrencies with a simple double input type.
According to the analysis - probably due to the possible catastrophic consequences of the error - programmers decided to keep it secret and only revealed that the error caused that the network was exposed to DDoS attacks. Developers have revealed the full threat of the vulnerability later after it has been repaired.
The statistics on the Dashjr website show that there are currently 96,388 full Bitcoin nodes operating, which is about ten times the number reported by most analytical platforms. For example, BitNodes claims that there are now 9,515 full Bitcoin nodes, while other sources indicate that only 9,391 nodes are active.
Technical Market Overview:
The BTC/USD pair is coming off the highs located at the level of $6,274 as the bearish pressure is getting bigger. Moreover, there is a clear negative divergence between the price and the momentum indicator at the top of the wave 3 and wave 5, so this is another reason for the price to visit the level of $5,803 and then $5,733. The correction of the wave 4 cycle might just have started.
Weekly Pivot Points:
WR3 - $7,123
WR2 - $6,689
WR1 - $6,362
Weekly Pivot - $5,868
WS1 - $5,578
WS2 - $5,080
WS3 - $4,863
Trading Recommendations:
The bigger time frame charts are now indicating a possible trend change from bearish to bullish, so only a buy positions should be open on the local corrective pull-backs. For all of the break-out traders, the nearest level to open the buy stop order is located at the top of the resistance zone at $6, 274. The target for all trades is still seen at the level of $6,505.
