"Many of life's failures are people who did not realize how close they were to success when they gave up."
–Thomas A. Edison
Powered by LifeLine - The Power of Prevention
Note: If you find value in this brief leave me a comment
READ
Happy Saturday Folks! Last week we saw Bitcoin gain $424.96 and what did we say? It's been too quiet right? The best performing asset in the past 7 days was $LTC - up 17.99% and has moved into position #10 on Coinmarketcap.com. This means we I will begin curating news about the silver to Bitcoin's gold. Last week the Fear and Greed Index was at 47 and today it's 62; the party has started!
Most covered news this week was the price movement of the market; shocker right? Bitcoin getting back above $30K was key. The Podcast of the Week would have to go to What Bitcoin Did with Allen Farrington. In addition, Guy Swann reading "How to position for the Bitcoin Boom Part 1 & Part 2 by Adamant Research" are a must listen! If you fail to LISTEN don't say I didn't tell ya so.
Thanks for reading, watching, and listening with me each and every week!
Monday the price of Bitcoin closed at $26,851.03 and the fear and greed index was 47. The most covered news of the day was IMF Official Presents Blueprint for Cross-Border CBDCs.(6)
Podcast of the Day: Exploring Bitcoin & Psychedelics with Fractal Encrypt | TBM
Tuesday the price of Bitcoin closed at $28,327.49 and the fear and greed index was 49. The most covered news of the day was Binance starts whipping up Bitcoin Lightning Network nodes.(6)
Podcast of the Day: No One Understands Bitcoin with Allen Farrington | WBD
By Wednesday (Humpday) the price of Bitcoin closed at $30,027.30 and the fear and greed index was 59. The most covered news of the day was Bitcoin price breaks above $29K for first time since May 7 thanks to renewed institutional interest.(5)
Podcast of the Day: BTC135: Binance & Coinbase Vs the SEC w/ Joe Carlasare & Hodl | Bitcoin Fundamentals
Right over the hump on Thursday the price of Bitcoin closed at $29,912.28 and the fear and greed index was 65. The most covered news of the day was Bitcoin skyrockets 20% in a week to hit $30,000 amid institutional backing; Whale transactions soar - shorters lose big.(7)
Podcast of the Day: Bitcoin SMASHES Through $30,000 As Institutional Excitement Returns | The Breakdown
As the week came to a close on Friday the price of Bitcoin closed at $30,116.00 and the fear and greed index right about 65. The most covered news of the day was Crypto.com Approved to Operate in Spain.(3)
Podcast of the Day: The Bear Market is Over with Dan Tapiero | The Breakdown
Bottom line: As I type Bitcoin is trading at $30,686.11 and for the week (M-F) Bitcoin gained $3,264.97; week over week it's up $4,193.27; that's called a helluva week! That said, IMHO and it's just an opinion, Bitcoin must remain above $30K or risk moving back down toward $27.5K; drop further than that and the next level of support is around $23.8K on the daily chart.
WATCH
WEEKEND NEWS
BlackRocks's Bitcoin ETF bid could unlock a $15T Crypto boom and $1.5T market cap incoming to Bitcoin market. ChatGPT gives 10 reasons why you should buy Bitcoin.
Bitcoin (BTC) targeting $34,000 following strong channel breakout: Analyst Aksel Kibard. Willy Woo believes veteran traders are accumulating BTC and can push it toward $40K before it is overbought. Bitwise CEO Matt Hougan calls for multi-year bull market ‘starting now’ as institutional investors eye up Bitcoin. Mark Yusko believes we are entering Crypto summer and believes Bitcoin will replace gold; also shares his thoughts on the BlackRock ETF filing. Speaking of the BlackRock ETF, Bob Pisani says BlackRock must know something we don't.
Ethereum flashing bullish on-chain signals as ETH mounts market recovery: Santiment. Is XRP a security? According to Max Keiser it is, it will just take time. Meanwhile, Ripple does not plan on buying back 10B XRP. CFTC charges William Koo Ichioka for Defrauding Investors of $21M in Crypto ponzi scheme.
