HBO’s latest documentary, “Money Electric: The Bitcoin Mystery,” suggests that Peter Todd, a core Bitcoin developer, might be the enigmatic Satoshi Nakamoto. Consequently, filmmaker Cullen Hoback’s assertion has stirred controversy and skepticism within the crypto community.

Satoshi Nakamoto, the pseudonymous figure behind Bitcoin, launched the cryptocurrency with a white paper in 2008, sparking a financial revolution.

Peter Todd Says He Is Not Satoshi Nakamoto

In 2024, Bitcoin has escalated into a $1.23 trillion asset, with Nakamoto’s personal stash estimated at nearly $70 billion. Despite intense scrutiny, Nakamoto’s true identity has remained a well-guarded secret.

Read more: Satoshi Nakamoto – Who is the Founder of Bitcoin?

In the film, Hoback explores this mystery with a new theory—proposing that Todd, who joined the Bitcoin scene in 2010, is actually Nakamoto. This hypothesis is supported by a series of circumstantial evidence and coincidences.

For instance, Todd’s academic schedule aligns with Nakamoto’s posting patterns. Additionally, a specific forum interaction could suggest Todd was continuing a conversation as Nakamoto.

During the film, Hoback highlights a chat log in which Todd refers to himself as the “world’s leading expert on how to sacrifice your Bitcoins.” Hoback interprets this as an admission of Todd being unable to access Nakamoto’s Bitcoin hoard. However, Todd firmly denies these claims, labeling them as “ludicrous.”

“This is going to be very funny when you put this into the documentary and a bunch of Bitcoiners watch it,” Todd said in the documentary.

Furthermore, the documentary delves into Todd’s background, noting his early involvement with Bitcoin-related projects like OpenTimestamps and his work on privacy-focused cryptocurrencies, including Zcash (ZEC). Nonetheless, Todd has consistently rejected the notion that he is Nakamoto, a sentiment he reiterated on social media platforms.

“I’m not Satoshi,” Todd said on X (Twitter).

Critics of the documentary argue that Hoback’s evidence is speculative at best. Moreover, Todd was relatively unknown in the early days of Bitcoin, so he might not have had the necessary experience to have authored the Bitcoin white paper.

The timing of Nakamoto’s disappearance from online forums also coincides curiously with Todd’s rise within the Bitcoin community, adding another layer of intrigue to Hoback’s narrative. Despite these hints, the film fails to deliver definitive proof, leaving viewers with a lack of clarity.

Read more: The Best Bitcoin Documentaries to Watch in 2024

As it stands, the documentary has not changed the widespread belief that Nakamoto’s identity should remain undisclosed, aligning with the mysterious creator’s original desire for privacy.

“It doesn’t matter who Satoshi is, that’s the point. Satoshi was wise to stay anonymous, not just to avoid being a target, but also because the press would have made the entirety of Bitcoin about them and their persona, thereby devastatingly lowering the quality of the discourse,” Arthur Breitman, co-founder of Tezos told BeInCrypto.

On several occasions, Toncoin’s (TON) price has shown readiness to retest the $7 mark. But since late July, almost every time it inches close to the region, it pulls back, leaving investors worried about the cause.

Fortunately, BeInCrypto has identified a daunting sell wall that is hindering the Telegram-native cryptocurrency from maintaining a prolonged rally. This on-chain analysis reveals all the details and what TON needs to breach this point successfully 

Pressing Issues for Toncoin’s Future

Currently, Toncoin’s price is $5.20, representing a 10% decline in the last seven days. This value also means that the token is 37% down from its all-time high, with about 75% of its holders out of the money.

These TON holders are currently out of money because most accumulate it at a higher value than the current price. Interestingly, the In/Out of Money Around Price (IOMAP) reveals that Toncoin’s price might not move substantially higher unless some of these holders give way.

Specifically, the IOMAP provides an idea of support and resistance using the volume purchased at certain price ranges. The larger the volume or cluster, the larger the support or resistance. For Toncoin, about 5.33 million hold 610.55 million tokens and buy the token at an average price of $5.23.

Read more: 6 Best Toncoin (TON) Wallets in 2024

This volume is higher than that of those who purchased it, between $4.49 and $5.05. It is also a lot bigger than the volume bought by the 8,330 addresses currently at the break-even point. Considering this condition, TON is less likely to get support from these addresses.

Instead, the token might face huge challenges in surpassing $5.23 since that zone is a significant supply wall. Further, the Mean Dollar Invested Age (MDIA) is another factor hindering Toncoin’s price from breaking through to $7.

The MDIA is the average age of all tokens on a blockchain, weighted by the purchase price. When it rises, cryptos become increasingly dormant, making it challenging for prices to increase. 

On the other hand, a falling MDIA indicates that tokens are beginning to wake up, thereby increasing the chances of near-future rally. As seen below, the MDIA for TON climbed, suggesting that the stagnancy of tokens could restrain the token from going higher.

TON Price Prediction: Bears Remain Dominant

As of this writing, Toncoin’s price is trading below two key moving averages: the 20-day Exponential Moving Average (EMA) and the 50-day EMA. Furthermore, the 50 EMA (yellow) has risen above the 20 EMA (blue), suggesting that sellers are dominant.

As it stands, bears might try to push TON’s price below the $5.12 support. If successful, the token’s value might sink to $4.89, making it challenging for Toncoin to hit $7 again.

Read more: 10 Best Altcoin Exchanges In 2024

On the flip side, if Toncoin climbs above the EMAs, bears might not be able to validate the expected decline. Instead, Toncoin’s price might breach the $5.67 resistance and increase toward $6.18.

Ethereum (ETH) price has recently experienced a 13% decline, with prices dipping towards the end of September. Despite this drop, Ethereum is currently holding strong above its bear market support floor, suggesting that the cryptocurrency may be poised for a recovery. 

Investors are now looking for bullish signals that could push ETH beyond the six-week barrier, bringing new opportunities for price growth.

Ethereum Investors Are Resilient

Ethereum’s long-term holders (LTHs) are showing renewed strength, as indicated by the Liveliness metric. This indicator tracks LTHs’ behavior, declining when they accumulate and increasing when they liquidate their holdings. Currently, the LTHs are in accumulation mode, a positive sign for Ethereum’s price trajectory. 

As more holders choose to HODL, the potential for a bullish breakout increases, signaling long-term confidence in the cryptocurrency. This stability could be the foundation Ethereum needs to break through its current resistance levels.

Read more: How to Invest in Ethereum ETFs?

From a technical perspective, Ethereum is also showing signs of macro-bullish momentum. The Relative Strength Index (RSI) has been trending positively since the beginning of August, hovering near the neutral line at 50.0. Once this line is flipped into support, Ethereum’s bullish momentum will likely gain further strength, pushing prices higher. 

The macro momentum, supported by technical indicators like the RSI, suggests that Ethereum is building a solid foundation for further gains. If the broader cryptocurrency market remains stable, Ethereum could capitalize on this momentum and target higher price levels in the coming weeks. 

ETH Price Prediction: Old Barriers, New Highs

Ethereum is currently trading at $2,431, holding above the critical 23.6% Fibonacci Retracement level at $2,401, also known as the bear market support floor. As long as ETH remains above this level, it is likely to continue consolidating while awaiting a bullish trigger that could drive its price higher.

Should the anticipated bullish signals arrive, Ethereum could surge towards $2,591. This level coincides with the 38.2% Fibonacci line, and flipping it into support could allow ETH to rise towards $2,745. Notably, this price point has remained unbreached for the past six weeks, making it a key target for Ethereum’s next breakout.

Read more: Ethereum (ETH) Price Prediction 2024/2025/2030

However, if Ethereum fails to gather enough momentum to surpass $2,591, the price may consolidate within this range, remaining above $2,401. This lack of movement would invalidate the bullish outlook, leading to a prolonged period of sideways trading.