AltSignals Blog

Explore recent Bitcoin (BTC) chart patterns echoing previous bullish trends, as analyzed by CoinDesk’s Chartered Market Technician, Omkar Godbole. Learn about key indicators like MACD crossovers and the potential of a golden cross setup. Note the cautionary advice about the changeability of market swings due to macroeconomic factors.

A House hearing on cryptocurrency regulation heats up as Democrats, led by Rep. Maxine Waters, walk out in protest, citing concerns over President Donald Trump’s involvement in crypto. The hearing aimed to discuss a new draft legislation that determines the oversight of digital assets between leading financial institutions.

Democratic lawmakers withdraw support for the GENIUS Act, a bill aimed at regulating stablecoins, due to concerns over corruption involving the Trump family’s World Liberty Financial. This comes amidst scandals around questionable cryptocurrency projects tied to President Trump, and speculation of possible political maneuverings behind this shift in attitude. The future of bipartisan crypto laws now appears increasingly uncertain.

Michael Saylor’s company ‘Strategy’, formerly known as MicroStrategy, purchased an additional 1,895 Bitcoin, spending approximately $180.3 million. Semler Scientific also increased its Bitcoin holdings, now accounting for over 2.6% of Bitcoin’s total circulating supply. This underscores increasing corporate adoption of cryptocurrency.

Discover the revival of Bitcoin Faucet, a historic Bitcoin venture initiated by Charlie Shrem and Gavin Andresen, which distributed free bitcoins to users. Get insights into the history, objectives, culture, and impact of Bitcoin Faucet, as well as its potential future resurgence.

Cryptocurrency investment products witnessed new inflows of $2 billion last week, with global crypto exchange-traded products (ETPs) experiencing $5.5 billion inflows over the past three weeks. This has caused a surge in total assets under management (AUM) in all crypto ETPs worldwide. Despite a slowdown in the inflow of crypto ETPs, Bitcoin saw an intraweek rise, along with an increase in short Bitcoin ETPs. Additionally, other issuers like Bitwise, Grayscale, and ProShares witnessed slight outflows last week.

Bitcoin’s value continues to surge, bringing it closer to the key $100,000 level, fueled by Morgan Stanley’s interest in cryptocurrency trading and investor strategy diversification. The article provides a technical analysis of Bitcoin’s price movement, watching for significant resistance at $100,000 and $107,000 levels and key support near $92,000 and $85,000.

Bitcoin price hits a new high since February, rising 30% from April’s lowest mark. The article examines three key factors behind the surge: declining Bitcoin supply in exchanges, increasing retail and institutional demand, and strong technical indicators. The continued bullish trend is predicted to push Bitcoin past $100,000, with eminent analysts forecasting potential leaps to $200,000 to $2.4 million by 2030.

Bitcoin traders are eyeing a potential breakout to $100,000, despite potential short-term losses as May seasonality approaches. Historical financial trends advise investors to sell in May due to lower trading volumes and reduced institutional activity. However, Bitcoin’s performance has varied in recent years. This article explores the potential impacts of seasonality on Bitcoin’s market performance, added influences such as macro cycles and institutional flows, and the potential risk for altcoins. With Bitcoin’s strongest seasonal period historically being Q4, the “Sell in May” strategy could become a self-fulfilling prophecy if market sentiment flips.