31 May: Bullishness in the Air


“Small steps motivate. Big steps overwhelm.
-Maxime Lagace

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Happy Tuesday Folks! Hopefully with the shorter format you will have the ability to check out all the content :)

Bitcoin is on the rise once again and it appears it could have some staying power. Currently at the top of the Bollinger Bands on the daily chart with overhead resistance around $38K on the weekly chart and still below the monthly overhead resistance at $41K. Accumulation by whales continue and it still seems unlikely that Bitcoin will go sub $20K.

The Bitcoin tide is raising all boats as the broader market is also seeing green; Cardano is up 29% in a day. Coinmarketcap predictions last month didn't come true but they might be correct with a $41K Bitcoin predictions for June. Alex Mashinsky things the market is overdue for a rebound so let's see how this works out. Also Ethereum is one step closer to shifting to PoS. Remember to make time to listen to Podcast and Watch videos :) 

BITCOIN

  • Glassnode: Bitcoin Market Behavior Has Now Returned To Strong Accumulation (Bitcoinist)
  • Over six million Bitcoin holders remain in a loss despite BTC climbing 10% in a week (Finbold)
  • Wealthy Coinbase clients are still 'hodling' Bitcoin since December 2020, data suggests (Cointelegraph)
  • Bullish Hopes as Bitcoin Spikes to a 3-Week High (Market Watch) (CryptoPotato)
  • Bitcoin (BTC) Briefly Moves Above $32,000 After Crucial Bullish Divergences (BIC)
  • $3,910,000,000 Bitcoin Whale Enters Massive BTC Accumulation Mode Amid Crypto Bounce (TDH)
  • Bitcoin faces ‘uphill battle’ despite BTC price gaining 35% from $23.8K bottom (Cointelegraph | Coindesk)
  • Here's Why Bitcoin Is Unlikely to Drop Below $20,000 (UToday)

BITCOIN IS VENICE: THESE WERE CAPITALISTS

ALTCOINS

  • TA: Ethereum Tests $2K, Why ETH Could Extend Rally (NewsBTC)
  • Cardano climbs 29% in a day becoming the 2nd biggest gainer among top 100 cryptos (Finbold | Decrypt | Cryptoglobe | Coindesk)
  • XRP On Course For Meteoric Rally As Ripple Explores Potential Acquisitions (ZyCrypto)

ANALYST'S CORNER

  • Kevin Svenson: Bitcoin (BTC) on Verge of Bullish Rebound, According to Top Analyst – Here’s His Target (TDH)
  • Benjamin Cowen: Bitcoin To Explode Higher Next Month? Crypto Analyst Benjamin Cowen Says Three Metrics Suggest June Rally Incoming (TDH)
  • Coinmarketcap: Crypto community with 80% historical accuracy sets Bitcoin price for June 30, 2022 - $41,175.89 (Finbold)

NOTABLE VOICES

  • Alex Mashinshy: Celsius CEO says Crypto market ‘is overdue a rebound’ (Finbold)

ACCEPTANCE/ADOPTION

  • World's Biggest Financial Holding, Fidelity, to Offer Ethereum Custody and Trading (UToday | Coindesk)
  • Top 30 Panama Bank is ‘Bitcoin friendly,’ welcomes crypto services (Cointelegraph)

BLOCKCHAINS

  • Ropsten Ethereum testnet ready for Merge ‘first dress rehearsal’ (Cointelegraph | Decrypt | CryptoPotato)
  • How This Achievement Brought Ethereum Closer To The Merge (NewsBTC)
  • Cardano Dex, ADAX, Releases Latest Testnet Version (UToday)
  • Cardano Activity Indicates Price May See Light At The End Of The Tunnel (Bitcoinist)
  • BNB Chain releases year-long technical roadmap to develop ecosystem (Cointelegraph | CryptoPotato)

PODCASTS

  • The Pomp Podcast: #984 Alex Kruger On Identifying The Macro Bottom
  • Unchained: How Osmosis Is Trying to Improve the Crypto User Experience
  • What Bitcoin Did: Can Bitcoin Help Tackle Human Trafficking with Victor Boutros
  • On The Brink: Andrew Cahill and Saurabh Deshpande (The Block) on Ethereum L2 Scaling

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TheCryptoCurator
TheCryptoCurator

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post. If you want to sign up for SMS alerts - text CRYPTO to +1 (214) 380-2013.


The Crypto Curator
The Crypto Curator

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