news
El Salvador Purchases 80 Additional Bitcoin at $19K, President Bukele Says.
https://finance.yahoo.com/news/el-salvador-purchases-80-additional-014151218.html
Michael Saylor’s MicroStrategy doubles down on Bitcoin bet with new $10 million purchase.
https://fortune.com/2022/06/29/michael-saylor-microstrategy-bitcoin/
Bitcoin's Fair Value Is Tied to Gold and Tech Stocks.
https://www.bloomberg.com/opinion/articles/2022-06-30/bitcoin-s-fair-value-is-tied-to-gold-and-tech-stocks#xj4y7vzkg
BIS To Allow Member Banks To Hold 1% Of Their Reserves In Bitcoin.
https://www.zerohedge.com/crypto/bis-allow-member-banks-hold-1-their-reserves-bitcoin
Richest Bitcoin Whale Splurges Over $102,000,000 on BTC in a Month in Massive Accumulation Spree.
https://dailyhodl.com/2022/07/02/richest-bitcoin-whale-splurges-over-102000000-on-btc-in-a-month-in-massive-accumulation-spree/
SEC Chair Gensler Affirms Bitcoin Is a Commodity — “That's the Only One I'm Going to Say.”
https://news.bitcoin.com/sec-chair-gensler-bitcoin-is-a-commodity/
Fact Check: DARPA Funded Report on Blockchain Centralization.
https://www.swanbitcoin.com/fact-check-darpa-funded-report-on-blockchain-centralization/
FTX US Signs Option to Buy BlockFi in Crypto Sector Shakeup.
https://www.bloomberg.com/news/articles/2022-07-01/ftx-us-signs-option-to-acquire-blockfi-for-up-to-240-million
Grayscale Offers a Giant Bitcoin Discount. It’s No Slam Dunk.
https://www.barrons.com/articles/grayscale-bitcoin-trust-investments-etf-crypto-51656705770
Deutsche Bank analysts see Bitcoin recovering to $28K by December.
https://www.investing.com/news/cryptocurrency-news/deutsche-bank-analysts-see-bitcoin-recovering-to-28k-by-december-2843390
Is Bitcoin Really a Hedge Against Inflation?
https://bitcoinmagazine.com/markets/is-bitcoin-really-a-hedge-against-inflation
Senator Indira Kempis Proposes Bill to Make Bitcoin Legal Tender in Mexico.
https://news.bitcoin.com/senator-indira-kempis-proposes-bill-to-make-bitcoin-legal-tender-in-mexico/
Crypto hedge fund Three Arrows files for Chapter 15 bankruptcy.
https://www.cnbc.com/2022/07/02/crypto-hedge-fund-three-arrows-files-for-chapter-15-bankruptcy.html
Mike Novogratz on His Big Crypto Mistake and What’s Ahead for Bitcoin.
https://nymag.com/intelligencer/2022/06/mike-novogratz-on-crypto-blowups-and-whats-next-for-bitcoin.html
media
Podcast. Hard Money with Natalie Brunell: Michael Saylor on Bitcoin Crash, BlockFi Sale?! & Celsius Fall Out.
Podcast. Best Business Show: Is Bitcoin Going Into A LONG Bear Market?
Podcast. What Bitcoin Did: Will Bitcoin Replace Central Banks with Lyn Alden.
tweets
Update on the accumulation trends. Signalling a bull phase in the coming months, perhaps still more pain in the short term.
Still macro dependant of course.
$BTC
#Bitcoin Bottom confirmation signal about to flash (Monthly TF)
Historically when William %R indicator :
- Below -80 level.
- Crosses the white TL up.
➡️ Bottom's in.
Williams %R is about to cross the TL.
Accumulation phase ends when it crosses over the -80.
RT appreciated🤝
Biggest question right now is probably:
Is the bottom in?
Nobody knows, but let’s compare the last bearish phases to the current situation.
Is the bear exhausted, or does he still have fuel left?
A $BTC 🧵
1/28
#Bitcoin
Cycle Character points revisited with Projection Oscillator (Mel Widner)
X1 Cycle Top
X2 Cycle Bottom
X3 Steep bull phase
#Bullish
1/ Yesterday, after 2-3 years of consultation, discussion, amendments & negotiation, EU institutions reached an agreement on MiCA.
MiCA is probably the most important piece of crypto regulation to date.
Here is a brief overview of some key decisions 👇
europarl.europa.eu/news/en/press-…
#Bitcoin on chain charts show we are currently in one of the best risk/reward buying opportunities in many years. Though, ext-bearish factors suppressing markets suggests more downside likely. Use caution, let trade setups present themselves, make sure your bags are packed.
$btc bottom indicators flashing left & right but sure keep drinking that this time is different juice
SEC Chairman @GaryGensler told @CNBC that #Bitcoin is a commodity, not a security. This only applies to Bitcoin, not other digital currencies, and his predecessors apparently agreed.
A thread on the importance of this 🧵👇
#Bitcoin
Ehlers Stochastic CG Oscillator (ESCGO) adjusts to the constantly changing market cycle length.
Bear markets end whenever it leaves the oversold area (ESCGO).
We expect this to be due soon
#Bitcoin what a beauty. Exciting on-chain data. HODL waves indicate the end of the bear market. Weak hands have leaved the sector.
#BTC 🍦
#Bitcoin’s 20-week and 100-week moving average just confirmed a bearish crossover last Sunday.
It accurately called the 2015 and 2018 macro bottom within a week’s range.