The bull market is back; let’s break this resistance.

20.10.2023

Dear traders,

Bitcoin has broken the strong 29k resistance and is aiming to push into 30k for a bigger bullish breakout.

Jake
TOP Trader

BTC is pushing hard toward 30k after breaking the 29k resistance. If it holds above 29k on the daily and weekly charts, this could trigger a bullish price action and target 32k for a bigger breakout.

ETH has surged from the $1,550 support level and needs to breach the $1,630 resistance on a daily basis for a significant upward push. However, there is still a risk of a significant downturn and bearish momentum.

XRP is pushing strongly into 0.52$ as resistance and needs to hold above 0.5$ for a bigger bullish breakout.

LINK is displaying bullish momentum, but it must maintain support above $7.5 for a more substantial upward push. Currently, it faces strong resistance at $7.5 on a daily closing basis.

SOL is demonstrating bullish momentum and is attempting to break through the formidable $27 resistance level. Big buying momentum came from the $24 resistance, and now the next level to break is $27 as strong resistance.

EOS is still grappling with a strong resistance level at $0.6 and needs to hold above it to facilitate a larger upward move. Achieving a sustained price increase depends on a significant surge in buying volume.

LTC is currently trading in the mid-range around $65 and is struggling to gather enough buying momentum to break through the $70 resistance line.

DXY is losing momentum and needs to hold above 106.2 for a bullish continuation.

Crypto/stock daily news:

IS CRYPTO FUNDING TERRORISM?

You’ve probably seen all the headlines recently…

“Cryptocurrency feeds terrorism”

“Terrorists are using crypto to fuel their attacks”

All the major media outlets are reporting something like this…

But, is it true? Let’s look at some of the Cold-Milky-Facts.

1/ Hamas terrorists stopped accepting Bitcoin earlier this year

In April 2023, Hamas announced it would stop using Bitcoin to raise funds from donors.

Why? “Out of concern about the safety of donors and to spare them any harm”

Governments started tracking transactions on the blockchain to identify donors
Millions of dollars worth of crypto held by terrorists were seized

As a result, the amount of crypto received by terrorist groups has plummeted over the last months. Check it out…

2/ Some of the wallets flagged belong to service providers, not individual terrorists

Many media outlets reported that $130M+ worth of crypto was funneled to terrorists.

Well according to Chainalysis (a blockchain analytics firm), those numbers are likely inflated.

For example, it was reported that ~$82M worth of crypto was sent to a crypto exchange in Gaza called Buy Cash.

Well, turns out only a small fraction (~$450K) of this was actually transferred by terrorist-affiliated wallets…

3/ Some of the flagged wallets haven’t been used in years…

Remember that crypto exchange I mentioned above, Buy Cash?

Well yesterday, the U.S. government imposed sanctions on “ten key Hamas terrorist group members, operative, and financial facilitators”.

Buy Cash was one of them. But here’s the kicker…

The wallet associated with the exchange hasn’t had a transaction in 18+ months.
The wallet holds $16 in it…

$16?! That can’t even fund lunch at Chick-fil-A…

FAST NEWS:

Coinbase has picked Ireland as its new regulatory hub within the European Union. Irish whiskey, Irish coffee (aka more whiskey), the Riverdance, and crypto. What’s not to love?

Lightning Labs launched a new protocol, Taproot Assets, on Bitcoin. The new protocol enables the issuance of stablecoins and other cryptocurrencies on Bitcoin, making it a multi-asset network.

Gemini, Genesis, and DCG have been sued by the New York Attorney General. The NYAG alleges the firms defrauded more than 230,000 investors for more than $1B+.

The largest telecom company in South Korea (SK Telecom) launched a new crypto wallet. That wallet lets users store tokens and assets (duh) and also comes with “on-chain analysis tools” that can help users with their investment decisions.

The Aptos blockchain suffered a 5-hour outage during its 1-year anniversary. Aptos is a lot like a 21-year-old… they both blackout on their birthdays.

Final words:

BTC making bullish push up. Still, this could be deviation if price don’t hold strongly above 30k$ and there is big possibility of pushing back in price range.

Copy trade GROW 0.1->10k$ since 18.03 we got +94.0% PROFIT!

You can check my trading web page with lots of trading information.