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Happy Saturday Folks! Last week Bitcoin was down nearly $2K and as I type Bitcoin is trading at $41,690.71 and for the week (M-F) Bitcoin was up $1,755.10; week over week it's up $171.88. The best performing asset in the past 7 days was $DOGE - up 1.54% in position #10 on Coinmarketcap.com. Last weeks ago the Fear and Greed Index was at 52 and today it's 55.
Keep reading, watching, and listening with me each and every week!
MY HOT TAKE
Most covered news of the week was the selling of Bitcoin by GBTC and the possible selling of Bitcoin from the Mt. Gox creditors who will get their coins back soon. Seems a lot of folks are getting access to their locked up assets from ABRA to Celsius; right as the price begins to ramp up.
Speaking of price ramping up, I highly recommend you checking out Krown's interview with FiboSwanny (Brian Swan) if you want to know what is coming over the horizon for $BTC.
Well that is a wrap for me folks, until next weekend Be Smart. Be Safe. Stack Sats. HODL!
THE WEEDS
the price of Bitcoin closed at $40,090.10 and the most covered news of the day was about FTX being behind the massive selloff of GBTC.(5)
Podcast of the Day: Invest As Much As You Can In Bitcoin | Brian Estes |
the price of Bitcoin closed at $39,675.80 and the most covered news of the day was ABRA settling its lawsuit and sending funds back to creditors.(5)
Podcast of the day: OG Olaf Carlson-Wee on Why His Crypto Thesis Is Stronger Than Ever | Unchained
Wednesday (Humpday) the price of Bitcoin closed at $39,941.50 and the most covered news of the day was how some believed the selling of GBTC would add downward pressure on Bitcoin's price but not Samson Mow.(5)
Podcast of the Day: BTC166: Bitcoin Custody For Institutions w/ Caitlin Long and Wes Knobel | Bitcoin Fundamentals
Right over the hump on the price of Bitcoin closed at $40,146.00 and the most covered news of the day was Bitwise published their wallet address,(3) GBTC outflows,(3) and Swan mining $BTC.(3)
Podcast of the Day: #1299 Fred Thiel | Largest Bitcoin Miner Explains Why Bitcoin Will Explode |
As the week came to a close on the price of Bitcoin closed at $41,845.20 and the most covered news of the day was Algorand CEO's X account getting hacked.(3)
Podcast of the Day: When Will the GBTC Selling End!?! | The Breakdown
WEEKEND NEWS
As we kick off the weekend, the bearishness about the possible move of Bitcoin is growing and according to FiboSwanny's video above, keep an eye on $41.4K as short term support (4HR). If there are 3 settles above that, $44,380 is the level it needs to get above if we are to continue higher. If it drops below that we could see $36.9K and if it closes 3 settles below that - low $30Ks in play. The ETH ETF will be in play around May 23rd when the 240 day level is hit and the SEC will have to approve or disapprove the Ark ETH ETF.
