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Veteran Trader Shows When Bitcoin Should Hit $35,000 - FiboSwanny Interview
It's Saturday Folks! What a crazy week yo. The FTX drama continues along with a lot of others stuff as a result of the FTX Fiasco. Meanwhile, Bitcoin is tick tock next block and is in a holding pattern. Definitely check out the interview Eric Krown did with Brian Swan above. The other shoe didn't drop so this could be a good week. Bitcoin started the week trading around $16.9K and now it's about $17.1K and I continue to believe $20K before $10K. Let's recap the week, shall we?
Monday the price of Bitcoin closed at $16,974.83 and the sentiment was questioning if Bitcoin could hold $17K and go higher; so some optimism there. The question of is the bottom in, continues to be debated. The most covered news of the day was Circle making the announcement that they are no longer going public.
Podcast of the Day: Matt Odell: Survival | The Bitcoin Matrix
Tuesday the price of Bitcoin closed at $17,089.50 and the sentiment continued to be positive with talk of a double bottom being in. In addition, a machine learning algorithm sets Bitcoin price for Dec 31, 2022 at $18,796.94. The most covered news of the day was the "father of the iPod" has helped ledger create a new cold wallet; sleek and sexy.
Podcast of the Day: Being A Bitcoiner in a Crypto World with Alex Strześniewski of AngelBlock | The Charlie Shrem Show
By Wednesday (Humpday) the price of Bitcoin closed at $16,848.13 and the sentiment was neutral as price dipped a little. There was a glaring difference of opinion from Standard Chartered and Tim Draper; $5,000 vs $250,000 in 2023 respectively. The most covered news of the day was U.S. Lawmakers proposing Crypto payout disclosure by State Department.
Podcast of the Day: The Real Impact of the IMF & World Bank w/ Alex Gladstein & Sam Callahan | Bitcoin Fundamentals
Right over the hump on Thursday the price of Bitcoin closed at $17,233.47 and the sentiment was all over the place. It was mainly positive but in the short term things can look a bit crazy with more volatility coming next week. The most covered news of the day was Ethereum developers target March 2023 for Shanghai hard fork and the staking lockup expiration..
Podcast of the Day: Breaking Down The Crypto Bear Market | Lucas Outumuro, IntoTheBlock | The Wolf of All Streets
As the week came to a close on Friday the price of Bitcoin closed at $17,133.15 and the sentiment was practically non-existent. Lot of mining news but Arthur Hayes did say the bottom was likely in. The most covered news of the day was Coinbase wanting it's users to convert their $USDT to $USDC.
Podcast of the Day: Finding Sustainable Yield in Life and Crypto with Julian Koh of Ribbon Finance | The Charlie Shrem Show
Bottom line folks Bitcoin is not out of the woods yet but things are looking better. The spread and knock on effect of the FTX saga, has me wondering whose pockets FTX wasn't in. At the end of the day, this too shall pass and once it does, what will be the narrative then? How many will say... "I wished I_______?" Only you know what is best for you and your finance, read, watch, and listen with me and that should give you some idea. I had a great show on Thursday, revealing the top 5 Bitcoin Mayors so take a watch!
WEEKEND NEWS
- JPMorgan Chase CEO Jamie Dimon: ‘Crypto Tokens Are Like Pet Rocks’ (Cryptoglobe)
- Florida best-prepared US state for widespread crypto adoption: Research (Cointelegraph)
- Chinese authorities break up billion-dollar crypto money laundering ring: China News (TB)
- Binance suspends trader’s account after complaints on Twitter (Cointelegraph)
- European Union Limits Cash Purchases and Increases Scrutiny on Crypto Transactions (BIC)
- Bitcoin Sees Another Threat? - Elon Musk Just Might Be Hinting At This (UToday)
- Bitcoin bulls protect $17K as trader eyes key China BTC price catalyst (Cointelegraph)
- TOP 5 On-Chain Indicators Signal End of Bitcoin Bear Market (BIC)
- Veteran Crypto Trader Tone Vays Says Bitcoin (BTC) Is Priming for a Major Move – $15K or $21.5K (TDH)
- Bitcoin (BTC) Set To Vastly Outperform Gold, According to Top Bloomberg Analyst – Here’s Why (TDH)
- Grayscale says SEC filed first legal brief in ongoing bitcoin futures ETF lawsuit (TB)
- Crypto Miners Mulling Options as Downturn Weighs Heavily (Blockworks)
- Texas Senator Ted Cruz Is a Fan of Bitcoin and Crypto Mining (Cryptoglobe)
- Kazakhstan Lawmakers Pass New Bitcoin Mining Bills (CryptoPotato)
- Ripple v. SEC finale? Attorney names four possible conclusions (Finbold | TDH)
- Cardano CEO says Ripple v. SEC case might be settled by Dec. 15, warns of ‘catastrophic’ impact (Finbold)
- Scam Alert: Ripple CTO Warns Users About New Phishing Scam and Fake XRP Staking (UToday)
- U.S. prosecutors probing FTX founder Sam Bankman-Fried in potential fraud case: Bloomberg (TB)
- Caroline Ellison hires former SEC crypto regulator as lawyer for FTX probe: Bloomberg (TB | Cointelegraph | Bitcoinist | Blockworks)
- SBF tried to destabilize crypto market to save FTX: Report (Cointelegraph)
- The Three Things That Went Wrong for FTX According to Ripple CTO (CryptoPotato)
- Bloomberg and Several Media Giants Move To Reveal Personal Information of FTX Clients in Bankruptcy Proceedings (TDH | Blockworks)
