💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
From influence to controversy: The tumultuous journey of BitBoy Crypto
Ben Armstrong, a prominent figure of BitBoy Crypto, has experienced years marked by rapid rise, sensational scandals, and recently, legal troubles. His story offers a striking perspective on the risks of unchecked dominance in the cryptocurrency industry.
How BitBoy Crypto Dominated the Crypto Space
Launched in 2018, the YouTube channel BitBoy Crypto quickly established itself as a must-reference. Ben Armstrong built his influence by providing market analyses, project critiques, and educational content aimed at beginners. His works on Bitcoin and blockchain strengthened his position as a leading figure in the ecosystem. At its peak, BitBoy Crypto reached thousands of investors and influenced capital allocation decisions within the community.
The Scandals That Damaged Credibility
The downside gradually became apparent. BitBoy Crypto became synonymous with a lack of transparency, especially in promoting projects for compensation. The DISTX token case in 2020 remains emblematic: Armstrong allegedly promoted the project without adequately disclosing the risks, causing substantial losses to investors. These incidents cast doubt on the impartiality of his recommendations and fueled a broader debate on the ethical governance of crypto influencers.
The Eviction from HIT Network and Recent Legal Troubles
In August 2023, a decisive turning point occurred when Ben Armstrong was ousted from HIT Network, the company he co-founded. The organization immediately rebranded BitBoy Crypto as Discover Crypto under new management, marking a symbolic break from the previous governance model.
However, legal issues continued to pile up. On March 21, 2025, Armstrong was arrested in Florida on charges related to sending emails to Judge Kimberly Childs, based in Cobb County, Georgia. This incident marks an escalation in the series of controversies that have characterized his trajectory.
What Lessons for the Crypto Industry?
The story of BitBoy Crypto serves as a case study in credibility and responsibility. It illustrates how massive notoriety can quickly erode in the absence of transparency and ethical compliance. For the cryptocurrency industry, this journey underscores the crucial importance of building trust beyond hype, and implementing safeguards to protect investors from abuses of dominant positions.