Please note that while I can provide information and insights based on my knowledge, it's important to remember that I cannot offer specific financial advice. #nfa
News of this week
MT. Gox announces Bitcoin and Bitcoin Cash repayments to begin in July, with creditors receiving $483 per Bitcoin held, equating to 0.008 BTC per BTC held. The initial $9 billion claim is reduced to $72 million for distribution.
Michael Dell, the 14th wealthiest person globally and CEO of Dell, shares a photo of Bitcoin.
MicroStrategy acquires an additional 11,931 Bitcoin worth $786 million, bringing their total holdings to 226,331 Bitcoin valued at $14.7 billion.
Deutsche Telekom reveals plans to start mining Bitcoin.
Head of the SEC's Crypto Assets Enforcement Division resigns. SEC concludes its investigation into Ethereum.
Australia's largest stock exchange greenlights the first spot Bitcoin ETF.
Donald Trump pledges to "end Joe Biden's war on crypto" and ensure the future of Bitcoin is secured in America. Gemini exchange founders contribute 30.94 Bitcoin (valued at $2 million) to support Trump's efforts. Trump is in discussions to speak at a Bitcoin convention in July.
Tweet of this week —> “Jun 19 - Here's a view of just how much paper bets on Bitcoin there is right now. The solid yellow chart is a z-score oscillator looking at how significant it is locally. We need a solid amount of liquidations still before we get the all clear for further bullish activity.
Three weeks ago the following two scenario’s were discussed. Price has not yet made a decisive move for one of the scenarios to get invalidated.
Correction 3-4 on the right chart is already final, blow-off wave 5 is about to kick in. ATH needs to be broken for this. Peak target lies between ~$235k-$260k. Invalidation: $56.5k.
Correction 3-4 on the right isn’t final, first another leg down is next, wave C. After that blow-off wave 4-5 kicks in. Peak target lies between ~$260k-$330k. Validation: $56.5k.
