✔️Crypto King David Sachs stated: "July will be a very important month"
❗️I believe this refers to the vote in Congress (in a bundled, expedited format) for two laws: the Genius Act (regulation of stablecoins) and the Clarity Act (clear rules for market regulation)
⏺Genius Act - after the vote, it will immediately go to President Trump for signing (he is urging Congress to hurry).. We talked about its huge impact in this post (I recommend reading it)
🟢Clarity Act - after the vote, it will be sent for approval in the Senate. However, it is important to understand that this law will introduce "clear rules of the game" for all participants in the cryptocurrency market. After its signing, the risks of "sudden destruction of projects/regulator attacks" will disappear forever - retail investors will trust the market more and find it easier to "invest money", developers will build without fear of going to prison, and large, traditional investment funds will start investing huge amounts in the young, developing market
The American stock market and crypto have shown growth for the 2nd day in a row.
There is no limit to the joy, Trump has agreed to a ceasefire in the Israel-Iran standoff for 1 day, and they listened to him! Unlike Russia, which has 'ignored' his instructions in agreements with Ukraine.
At the same time, Iran launched a missile strike on a US base in QATAR, but this is a minor detail that buyers are ignoring. They probably think the US will let this slide😋
This current growth impulse strongly resembles another manipulation, premeditated by the Americans.
Bitcoin reaches a peak with a 65% share weight over the last couple of years.
Ethereum at a minimum weight of 8.9% over the last 5 years.
The Altcoin group at 26.3%, where many altcoins are at 5-8 year lows, and some at historical lows.
😮What does this tell us?
1) There will be an unprecedentedly powerful altseason in history with Bitcoin peaking above 130k and Ethereum above 6k.
2) There will be further declines in altcoins and Ethereum and a liquidity shift into Bitcoin, with an approximate peak of 110-124k and Bitcoin retracing below 70k + complete destruction of altcoins.
As you can see, choosing one of these scenarios = we get very powerful price movements! This is why the current price of Bitcoin has been hovering around 100k for quite some time.
I think the movement will start in the next 3-5 months. We need to be as prepared as possible for it!
On the major exchanges, they have taken positions from 108-112k
As of today, I do not see the strength to break through this zone upwards. With each passing day, more and more volume is coming in for sale.
Only a positive news event could encourage the removal of sell orders and provide the energy to push above 112k. However, above will be a similar picture.
It turns out that there is very little time left until the next sell-off and price decline.
Those who invested in ALTCOINS hoping for a quick altseason are now disappointed and in a downturn.
Some have switched back to Bitcoin at 80-95k, but this has not covered the losses from altcoins over the past six months.
It turns out there is no new liquidity from local traders; there is nowhere to take profit from. Only from Bitcoin and Ethereum was there good profit, and it is set aside for the next wave down. (my situation💰)
It remains to wait for when negative news will come or large funds will start lowering prices. "The bear will roll very dynamically!"
I urge everyone to go short with everything they've got. The bottom has not yet been hit $BTC $ETH $XRP Here are all the coins that will simply crash down in the coming days, don't miss your chance. Follow my links and place orders, don't waste time.
Good morning Europe! As in 2020, March 8th was a Covid crash, again after the 8th we are experiencing a downturn and during such times, one must be very sensitive to the moment for buying coins.
Otherwise, you might receive a second or even third bottom as a gift. Stay strong bulls, your time will come $BTC $ETH $XRP #CryptoAdoption #BBVABitcoinGreenlight