Crypto Industry News:

Marathon Digital is a BTC mining company. It announced that it had mined an invalid Bitcoin block on Wednesday, September 27. Many Bitcoin developers identified the invalid block using their own BTC nodes. Marathon confirmed that he was responsible for mining the damaged Bitcoin. After the incident, the company's shares (listed on the NASDAQ stock exchange) dropped by 2.9 percent.

A corrupt Bitcoin is one that violates the consensus rules established in the BTC Whitepaper by Satoshi Nakamoto. Network nodes reject such a block. An invalid Bitcoin block occurs when it contains a double-spend transaction or exceeds the Bitcoin block size limit.

Marathon did not specify why the block mined by the company is invalid, although some observers say it is due to an issue with the order of transactions. It is worth adding that the company's spokesman, in response to an inquiry from Decrypt reporters, confirmed that the company had never made such a mistake before, calling it an "anomaly".

Technical Market Outlook:

The BTC/USD pair has been broken above the 100 MA located around the level of $26,456 and made a new local high at the level of $27,230. The next target for bulls is seen at the level of $27,536 and $28,135. The intraday technical support is seen at $26,818 and $26,420. The strong and positive momentum supports the short-term bullish outlook for BTC.

Weekly Pivot Points:

WR3 - $27,094

WR2 - $26,626

WR1 - $26,344

Weekly Pivot - $26,153

WS1 - $25,874

WS2 - $25,682

WS3 - $25,212

Trading Outlook:

The bulls broken above the gamechanging level located at $25,442, so now the mid-term outlook for BTC is bullish. The last pull-back has reached the 38% Fibonacci retracement and the market is ready to continue the up move. The next target for bulls is seen at the level of $32,350. As long as the level of 19,572 is not clearly violated, there is a chance for a long-term up trend to continue.