BTC give a quick wick below $35,000 and made a low of $34,600. The 1-hour and 4-hour candle not close below $35,000. BTC need to stay above $35,000 a candle close below this is bearish. Waiting for more confirmation, this maybe a stop hunting wick below $35,000.

JUST IN: Central American Bank's President, with 13.5 billion dollars in assets, support the El Salvador #Bitcoin  Law

Just in

Wise words

MicroStrategy completed the $500 million raise to buy Bitcoin. We will see an official announcement from MicroStrategy about how much BTC they aquired using these funds in coming days. Market already reacting to positive news and touched $41,000 today. If BTC able to hold these levels we will see good bounce in alts and BTC in coming weeks.

ETH Update:

Ethereum bounced from the local support but unable to cross the minor resistance area of $2620-$2640. The major resistance zone remains the same that is $2900 and ETH needs to close above this to get some bullish momentum. The local support area, for now, is $2450-$2465 and the next support area is $2200-$2270 area. ETH is trading in the range and we can say accumulation is going on. If BTC cannot break the $42,000 resistance area, ETH will again retest the support zone. The $2640 resistance area break will lead us to again retest the major resistance of $2900.

There is a sudden spike in BTC short positions on Bitfinex. BTC is rejected from $41,000 and traders now opening short positions. We may see another pump to wipe out the short positions. Let's see how BTC react.

BTC unable to hold above the $39,500 area and now going down. BTC is now trading near $39,000. The local support for now is $38,700 and $38,000. BTC should hold the $38,000 to remain bullish and another retest of $40,500-$42,500 resistance zone. This is a small pullback.

ETH broke the local support of $2450. We will see more downward moment in ETH. The next support zone after this is $2200-$2270. For now the two major resistance are $2620-$2640 area and $2900. BTC need to bounce from $38,700 otherwise we will see $38,000 area and more dump in alts.

General Motors CEO said that they will accept BTC payments for vehicle purchase in future if customer demand for that.

Buy, sell, and trade #bitcoin , #ethereum, and all of the best #altcoins on Binance, the world’s #1 exchange!

Use this link to sign up and you will get 20% off fees and up to $700 in trading bonuses

https://accounts.binance.com/en/register?ref=WMWO7A6B

Grayscale is exploring an additional 13 new assets for its product offerings including Curve $CRV, Solana $SOL, Bancor $BNT, Polygon $MATIC and more

http://grayscaleinvest.medium.com/update-grayscale-investments-exploring-additional-assets-e4e80da683bb

With two weeks left until the end of Q2, so far this has been the worst Q2 for Bitcoin in over 8 years.

Will the Death Cross happens? #Bitcoin

Previous death crosses resulted in big drop in 2018 and 2019.

The death cross in 2020 has proved to be a lagging signal at that time due to coronavirus pandemic.

A death cross occurs when the 50-day moving average crosses below the 200-day moving average. For now still a pending cross but it's "looming" appears.

If that happens again, #Bitcoin could enter bear market territory similar to what happened in 2018.

Be ready for multiple scenarios, upside or downside it doesn't matter if we have a plan!

Most mining pools with a lot of miners in China are now reporting hashrate that's more than 50% lower than it was on May 15th

Anti-virus software entrepreneur John McAfee has been found dead in his cell at a Barcelona prison.
Just hours earlier, Spain's National Court had agreed to extradite him to the US to face tax evasion charges.
The Spanish Justice Department said in a statement that "everything indicates" Mr McAfee took his own life.
A controversial figure, his company released the first commercial anti-virus software and helped spark a multi-billion dollar industry.

John McAfee was found dead in Prison from an apparent suicide today. The same day he was supposed to extradited to the U.S.

Check out this tweet he posted in 2019...

He knew what was coming