Bitcoin: BTC Technical Setup & LayerTree Scaling Proposal
BTC printed a strong hammer candle holding horizontal support with analysts eyeing $90K+ next week, while Lightning Labs proposed LayerTree — a new scaling solution enabling up to 1M users to share a single UTXO.
What we know
An account on X sees BTC's daily hammer as bullish, expecting sideways weekend action before a push toward $90K+. On the protocol side, @TheBlockCo covers Lightning Labs' LayerTree proposal — a non-custodial Bitcoin scaling solution allowing up to 1M users to share a single UTXO, though it requires protocol-level changes to deploy. Meanwhile, @TheBlockCo reports Strive upsized its SATS preferred stock offering to 7M shares targeting $630M in gross proceeds at a 15% annual dividend rate.
Sources
“Lightning Labs introduced LayerTree, a proposed Bitcoin scaling solution designed to let up to 1 million users share a single UTXO”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.