#BTC the move we pointed at last week started. The next daily pivots this week are on 16-17 of July. What’s important now is to consolidate above 62,700 and not to lose it. Alts are reviving too! Overall expecting consolidation here on both bitcoin and ethereum. Market starts getting more interesting, the next weekly pivot is 4-12 of August, I think it will be decisive! Stay tuned

https://www.tradingview.com/x/MpS92nO4/

Sigma Crypto Chad

BlackRock CEO Larry Fink Admits Mistake About Bitcoin

“I have studied Bitcoin and now I can confidently say that I was wrong… I am sure that many people today are making the same mistake I once made. Bitcoin is a legitimate financial instrument that definitely should be in your portfolio,” Fink stated. He also referred to Bitcoin as digital gold.

In the movie “The Big Short,” which is about the financial crisis of 2007-2008, it is clearly shown that rating agencies, including Standard & Poor’s, gave high ratings to financial organizations in exchange for monetary compensation. These ratings did not reflect the actual state of affairs. Subsequently, a crisis erupted in the lending and real estate markets, but the reputation of these institutions somehow remained intact.

#ETH just like bitcoin showed the impulsive move towards the resistance 3500$. If we manage to flip it and hold until 4th of August we can expect a move towards 4700-5000$.

However, for the near future we expect a consolidation around 2900-3500$ till August.

https://www.tradingview.com/x/O5OaQAxG/

Sigma Cryto Chad

Is the Mt. Gox Saga Finally Over?

Mt. Gox has been the main “boogeyman” for the crypto community for over five years.

The media use any news related to this exchange to scare people with the impending fall of crypto.

Let’s figure out what this exchange is and why the BTC rate is supposedly bound to fall:

Mt. Gox was the largest cryptocurrency exchange in the world, handling about 70% of all Bitcoin transactions.

In 2014, the exchange ceased operations after announcing the loss of approximately 850,000 bitcoins due to several hacks and internal errors. This event became one of the most significant crises in the history of cryptocurrencies.

Ten years after the bankruptcy, in July, the long-awaited process of compensating affected users began. Rehabilitation trustee Nobuaki Kobayashi confirmed that payments would be made in Bitcoins (BTC) and Bitcoin Cash (BCH).

Over 141,686 BTC and 143,000 BCH, equivalent to about $9 billion at the current rate, will be returned to the exchange’s…

#BTC 16-17 of July are for bulls, next important week is 4-12 of August and we need to hold 62,700 till that time.

https://www.tradingview.com/x/JXuxpIM5/

Sigma Crypto Chad

#ETH/BTC Consolidating above the main support 0.0519. The first resistance around 0.0629 and seems like we will start our way towards it in the near future 🧐

https://www.tradingview.com/x/ZNikgKMQ/

Sigma Crypto Chad

#BTC shows good strength for now. Daily pivots worked perfectly. The next weekly pivot is in August. All time high targets are still possible if we manage to hold before 4-12 of August. Alts are getting for interesting and we ll increase altcoin recommendations

https://www.tradingview.com/x/PF2Mpcs4/

Sigma Crypto Chad

Pavel Durov announced that 2024 will go down in history

“2024 will be a landmark year as hundreds of millions of people become acquainted with blockchain.”

He expresses pride in the successes achieved by the Telegram messenger along with blockchain.

This month, Pavel plans to add a mini app store and a built-in browser with Web3 page support.

He also intends to intensify the fight against scammers who deceive people in the crypto sphere.

Telegram will soon start providing small statistics on public accounts, including the registration date and the primary country.

“We will also allow organizations to use their mini-apps to issue labels for channels, creating a decentralized market for third-party verification.”