BTC needs a breather | Crypto Talk

Show notes

BTC just needs a short breather before the next leg up?

00:00 Intro 00:25 Disclaimer 00:29 Preview 00:40 Bitcoin 04:36 Ethereum 05:08 Solana 05:44 Subscribe & Good bye

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Show transcript

00:00:00: Bitcoin Buran getting a small breather, Ethereum struggling for the next level.

00:00:06: and where is Solana standing?

00:00:08: That and more in The Crypto Talk this week.

00:00:25: This video In today's story, we will talk about Bitcoin.

00:00:32: We'll also have a look at Ethereum and Solana so mainly on the main cryptos that They have been kind of pausing in the last couple of weeks and months, mainly because of stock price issues.

00:00:54: MSTR and STRC was struggling a lot due to leverage and due their debt.

00:01:00: And that seems to be an issue of the past four thousand six hundred three Bitcoin has been bought into at the last week.

00:01:09: Of course they're still sitting around eight hundred forty five thousand bitcoin and even increase their cash reserves by twenty nine million US dollars.

00:01:20: Now, a lot of critics are saying what strategy is now back since the Bitcoin price has increased that they pretty much sold to bottom haven't bought at the bottom and how they're back buying.

00:01:31: but if we are being completely fair We also have to say that strategy has been buying even on the way down.

00:01:38: They only stopped with the purchases couple of weeks maybe a couple months ago And since then had two kind fix their own issues.

00:01:47: But all in All, I do think that this is actually healthy.

00:01:50: That strategy is back and they are buying once again to BlackRock.

00:01:56: They're actually the one company that holds the most Bitcoin And occurred according to Michael Saylor's tweet it day have a net leverage of zero point zero percent.

00:02:07: So that is actually much more healthy enough.

00:02:10: course due to the crypto prices increasing their value on the books is increasing slowly, but surely as well.

00:02:18: Now we'll see how this man will behave in a Bitcoin bull run that has officially or more of less officially started.

00:02:26: But we'll See How The Next Couple Of Weeks Will Look.

00:02:29: and let's talk also about the other main holder of bitcoin.

00:02:34: We're talking About BlackRock of course.

00:02:35: two hundred seventeen million US dollars of inflows just before the months end after Last week's Friday was also a bad month.

00:02:46: And currently we're looking at minus two hundred million on last Friday, then plus two hundred seventy million and the majority of those two hundred seventeen million clearly went to BlackRock.

00:02:57: BlackRock is mainly focused on Bitcoin ETFs but also on Ethereum ETF because their Ethereum ETF has gotten about eighty seven million in total And theirs was sitting at around sixty.

00:03:13: So about two thirds of that money is going directly to BlackRock than Grailscale with about thirteen point five million and Fidelity would nine point three million, and even the XRP ETFs as well as the Solana ETFs posted some positive results.

00:03:29: so clearly we are kind of back where The majority of the bigger investors Are actually interested in buying these assets.

00:03:38: now if we jump through start, of course with the Bitcoin chart which was unfortunately rejected at eighty one thousand US dollars then went back down and we're currently sitting at seventy seven mainly due to that kind of escalation in Iran.

00:03:53: So let's hope That this will turn into a peaceful situation fairly soon because that would also mean that The bitcoin price could potentially rise.

00:04:02: now Currently is looking like it won't going to retest.

00:04:05: Potentially the upper part off the range kind of increased and jumped through in the last couple of weeks.

00:04:14: So let's hope it will only do a small retest here, then long it towards eighty two thousand US dollars.

00:04:20: that would be the direct strategy.

00:04:23: now if this week goes positively I still want to see this eighty one thousand us dollar or eighty seven actually break hold because When we're looking at the Ethereum chart, it does look a bit similar although with Ethereum.

00:04:41: It is a bit stronger.

00:04:42: all in all.

00:04:43: so We are still sitting around two thousand four hundred after we've kind of went through The two thousand two hundred US dollar range and this Is exactly what we want to see?

00:04:53: Kind Of an accumulation phase here At about two thousand Four hundred maybe two thousand five hundred And then going up towards three and Then three-and-a-half thousand us dollars.

00:05:03: I actually think ethereum looks fairly bullish from here.

00:05:06: So let's see how this will behave.

00:05:08: and then the kind of king also kind of struggling to go a bit higher than US dollars.

00:05:16: It was just at around one hundred ten then went down, kind of retested this upper part of the range which again is not really negative because I think they still has way more leg room up towards about one hundred forty us dollars.

00:05:31: so take a look at these potential long from around.

00:05:35: i want to say Just at around a hundred u s dollars towards one forty.

00:05:40: This could a very good long

00:06:03: setup.

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