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Happy Monday Folks! Bitcoin is trading up at $72,318 from $67,712 and up from $69,468 a week ago. BOING! Bitcoin is a waiting game. Few.
CURRENT NEWS
Today, Bitcoin price broke out of the triangle pattern during the intra-day trading hours today, expecting a 21% rally ($80K price target) and on the long-term outlook, BTC follows the Wyckoff pattern, which suggests that price upside is highly likely; long-term holders, however, are realizing profits, and historically, this has proven to be a drawing-inducing event. Bitcoin (BTC) has surpassed a critical resistance level and is looking at an imminent breakout that could culminate with an $85,000 price peak.
TON’s $5M incentive program aims to drive digital ID verification. TON Society, a community of developers and contributors building out the TON ecosystem, will distribute 1 million Toncoin to users participating in the voluntary proof-of-personhood program.
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Podcasts of the Day: Why Mega Bull Billionaire Mike Novogratz Has The Majority Of His Net Worth In Bitcoin & Crypto | TWOAS
TIME MACHINE
A month ago, Bitcoin flips silver(2) as it breaks above $71K on the verge of pushing toward $100K by halving day (April 15th) as $100B is added.(10) However, Coinbase believes the market could face some short-term headwinds. UK's FCA opens the door for institutional investors to build Crypto-backed ETN market and London stock exchange to accept Bitcoin/Ethereum ETNs;(4) Mudrex offer U.S. Bitcoin ETFs to Indian investors. Bill Ackman was pondering if he should buy Bitcoin since it appears to be going on forever; he's probably buying right now.(4)
A few weeks ago, Analyst were concerned about the recent pullback and indicating where the bottom support would be and we had less than 5000 blocks left before the Bitcoin mining reward gets reduced by 50%; or cut in half aka "the halving." Historically, every Bitcoin halving — a disinflationary mechanism inscribed in the currency’s code by Satoshi Nakamoto — has come a year or two before a new all-time high; this time is different.
A couple weeks ago, "Mr. 100" has been doxxed and now we know it's an Upbit wallet and Bitcoin demand in Argentina reaches peak in nearly two years and Goldman Sachs' says clients are showing more interest in the Cryptocurrency markets again.(5)
Last week, UK has frozen $7.6M worth of Craig Wright's (Faketoshi) assets(5) and According to Arkham Intelligence data, Tether recently purchased another 8,889 BTC; they now hold $5B in $BTC.(3)
Over the Weekend, Bitcoin mining companies have increased their selling activity but are still facing challenges like lower transaction fees and increasing mining competition.(2)
