Taproot Adoption Surpasses P2SH and SegWit in Bitcoin

Bitcoin's Taproot adoption is showing surprisingly strong growth compared to previous upgrades like P2SH and SegWit, according to data from mainnet.observer. The current price of BTC sits at $62,481.72 on the 4h chart within Bollinger Bands with upper resistance at $63,674.42 and lower support at $58,767.55. The EMA50 acts as concrete support at $61,080.95 while the EMA200 caps upside at $64,638.72.

The MACD golden cross confirms a bullish structure, yet the RSI of 64.54 leaves room before overbought territory, suggesting that the price may test the 50-EMA support before continuation. Bitcoin's Taproot adoption rates and crypto network upgrade cycles continue to drive institutional flows as BTC output type distribution accelerates.