Bitcoin Bulls On Fire: 150% Price Pump Predicted Before July

• Bitcoin analyst George Tung has predicted that the price of bitcoin will surge by 150% in the next three to four months, taking it to a total of $50,000.
• This prediction is based on the similarities that have been observed between 2019 and 2023 in terms of bitcoin’s price movements.
• A break and closure below the 20-day exponential moving average could be an indicator of weakness in the market.

Bitcoin Bulls On Fire: Analyst Predicts Massive Price Pump Before July

Similarities Between 2019 & 2023 Market Conditions

George Tung, an expert in cryptocurrencies and a popular YouTuber, has forecast that the price of Bitcoin would skyrocket by 150% in the next three to four months, taking it to a total of $50,000. A similar trend was seen in 2019 when Bitcoin’s price skyrocketed from $3,600 to $14,000 in the space of only a few short months. Tung believes that 2023 is showing tendencies that are almost the same as those seen in 2019, and he is convinced that Bitcoin will have a large increase before July just as it did in 2019.

Bullish Dominance

The fact that Bitcoin was able to recover after hitting the $22,800 support level on February 1 suggests that bulls are buying declines to this level. On February 2nd ,the bulls were able to drive the price higher over $24,000 but they were unable to maintain those higher levels. Moving averages that are climbing higher and a relative strength index (RSI) that is in overbought zone both suggest route of least resistance is upwards towards reaching $25k if it moves higher from where its currently trading i.e., at $23400 which might serve as challenging obstacle for further rise. To confirm any bearish pressure breakout lower than 20-day exponential moving average which is now at 22279 can be used first indicator for weakness leading BTC price fall down upto 21480

What Lies Ahead?

As crypto enthusiast what do we make out current market conditions for bitcoin? Will it reach 25K or face some roadblocks along way? For sure there’s no certainty about where BTC stands ahead but analyzing current situation one can come up with predictions considering technical analysis .It seems like bullish domination reigns short term however if breakouts lower than expected level happens then bearish pressure may take control again resulting into more volatility .

Conclusion

To conclude ,Bitcoin looks set for another major pump according to Mr Tung who has predicted same pattern as last year back when BTC went from 3600$ all way till 14000$. As per current bullish dominance trend one should expect BTC rising towards 25K mark however any breakouts lower than 22279 might lead into bearish pressure again causing more volatility .

FTX Collapse: ASIC Raised Red Flags Months Before Debut

• The Australian Securities and Investments Commission (ASIC) had internal discussions about FTX’s planned debut in Australia in March 2022.
• ASIC issued FTX a Section 912C notice in the same month, requiring the crypto exchange to disclose information on its activities and determine if it meets the requirements for an AFSL license.
• FTX obtained its AFSL in December 2021 by acquiring IFS Markets, ahead of its planned launch in March 2022.

The Australian Securities and Investments Commission (ASIC), the country’s market regulator, had raised red flags months before the collapse of the crypto exchange FTX. According to a recent publication by ASIC, they had internal discussions about FTX’s planned debut in Australia in March 2022. Some have expressed concern over the return on investment promises.

In response to these worries, ASIC issued FTX a Section 912C notice in the same month, requiring the crypto exchange to disclose information on its activities and determine if it met the requirements for an AFSL license. Through this notice, ASIC may have requested the licensee to provide documentation indicating the financial services offered and the nature of their financial services business to determine if they meet the „fit and suitable person“ test.

Between the initial concerns and FTX’s collapse on November 11, the exchange was placed under monitoring and received three notifications from ASIC. FTX then obtained its AFSL in December 2021 by acquiring IFS Markets, ahead of its planned launch in March 2022.

Chairman of ASIC, Joe Longo, noted that this allowed FTX Australia to bypass typical scrutiny for new AFSL licensees. The now-defunct firm committed to informing customers of fraudulent crypto transactions and cooperating with the Australian Taxation Office.

The ASIC briefing document also shows that the regulator had contacted FTX in January 2022 and again in February 2022, to request more information about the exchange’s operations. The regulator also conducted a review of FTX’s financial records, as well as its risk management and anti-money laundering procedures.

The report concluded by noting that, despite their efforts, the regulator was unable to prevent the collapse of FTX Australia, as the exchange had failed to meet the more stringent requirements of an AFSL license. The collapse of FTX has resulted in numerous customers losing access to their funds, and the exchange’s liquidators are currently investigating the matter.

In light of the collapse of FTX, ASIC has urged all crypto exchanges in Australia to ensure that they are fully compliant with the relevant laws and regulations. The regulator also noted that it will continue to monitor the industry and take appropriate action where necessary to protect consumers and the integrity of the financial system.

Ripple’s CTO Shares Insights on XRP Supply, Token Distribution

• David Schwartz, the chief technology officer of Ripple, expressed regret that Ripple did not give more tokens when the price of XRP was low.
• He believes that things have become significantly more challenging as a result of the massive rush of tokens that have entered the market now that the price of XRP is at $0.4.
• According to Schwartz, this is one of the reasons why all tokens should be released into the market while the price is at its lowest.

David Schwartz, the chief technology officer of Ripple, recently shared some of his insights on the XRP supply and token distribution. The prominent blockchain figure spoke on the matter in response to a discussion about cryptocurrency inflation and a recent airdrop of the FLR token from Flare Network.

Schwartz expressed regret that Ripple did not give out more tokens when the price of XRP was low. He believes that the influx of tokens into the market now that the price of XRP is at $0.4 has made things significantly more challenging. Since Americans receiving the tokens would be subject to regular income tax, Schwartz pointed out that it would be best to release all tokens into the market while the price is at its lowest.

In addition, Schwartz noted that the XRP in the escrow belongs to Ripple, a for-profit corporation, and is not subject to community ownership or voting. He believes that this is a key difference between Ripple and the Flare airdrop, as the latter is intended to benefit the entire ecosystem.

Overall, Schwartz’s insights on the XRP supply and token distribution have offered an interesting perspective on the matter. His comments provide an interesting contrast to the current influx of tokens into the market and could be valuable in helping to determine the best course of action for other cryptocurrency projects.

Altcoins Leading the Crypto Rally: Polygon, Ethereum Classic, Binance Coin & Cardano

• Crypto markets are turning bullish slowly yet steadily, as the majority of the cryptos have raised beyond their crucial resistance during the past weekend
• Some of the altcoins maintained significant strength while the bears dominated the rally and quickly surged high by accumulating double-digit gains
• These altcoins flash the possibilities of a continued upswing and may also lead the AltSeason for the year 2023

The cryptocurrency market has been slowly and steadily turning bullish in recent weeks, with the majority of digital assets seeing their prices break past crucial resistance levels over the weekend. Altcoins in particular have been exhibiting a strong performance, with some of them managing to sustain double-digit gains despite the bearish pressure that has been dominating the rally. This is a sign that these altcoins have the potential to keep the upward momentum going, and possibly even lead the way during the AltSeason of 2023.

One of the altcoins that has been exhibiting a particularly strong performance of late is Polygon (MATIC). The coin is currently trading within an ascending triangle and is headed towards the upper resistance. In the short-term, the price may experience a minor pullback, but it is expected to remain above the $1 mark, which could trigger the next leg up. If the price is able to break through this resistance level, it could reach an important psychological level of $2, and possibly even higher.

Other altcoins that have been showing promise over the past couple of weeks include Ethereum Classic (ETC), Binance Coin (BNB), and Cardano (ADA). Ethereum Classic has been on a steady climb, with its price reaching above the $50 mark, and Binance Coin has been experiencing a surge in demand, with its price climbing past the $500 mark. Cardano, meanwhile, has been rallying against Bitcoin, with its price reaching a new all-time high of $1.30.

These altcoins are leading the charge in what could be the start of a significant bull rally in the cryptocurrency market. It remains to be seen if this momentum will be sustained over the coming months, but with the markets currently showing signs of strength, investors should pay close attention to these coins as they could be the ones to lead the AltSeason of 2023.

SHIB Price Set to Skyrocket: Up Over 110% Signaled By ‚Adam & Eve‘ Pattern

• Shiba INU (SHIB) has seen a significant upswing, pushing the price beyond $0.000009.
• Bulls are trying to push the SHIB price higher, as Bitcoin prices display notable strength.
• Indicators are signaling a potential upswing of over 110%, due to the formation of an ‚Adam & Eve‘ double bottom pattern.

Shiba INU (SHIB) has been one of the top performing cryptocurrencies in recent weeks, as the price has seen a notable upswing since the start of the year. After reaching a low of $0.00000778 in November 2022 due to the collapse of FTX, the SHIB price has slowly been rising, while the bears are still trying to squeeze the price. Despite this, the SHIB price is currently trading at around $0.000009137 with a 24hr jump of 2.55%, and more indicators are signaling a potential upswing of over 110%.

The recent bullish sentiment in the crypto market is largely attributed to the surge in Bitcoin prices, which have been displaying significant strength. This has been further bolstered by the formation of an ‚Adam & Eve‘ double bottom pattern, which is usually seen as a bullish sign. This pattern is formed when a security tests the same support twice and then breaks out, indicating a reversal of the downward trend.

In addition, the Bollinger Bands have also been displaying a bullish sign, as they experienced a squeeze during the first few days of 2023 before exploding towards the north. This suggests strong buying pressure in the market, which could cause SHIB to break the $0.00001 mark in the coming days.

As the crypto market continues to heat up, Shiba INU has also been garnering attention from investors. With bullish market sentiments and strong indicators signaling a major upswing, it is highly likely that SHIB could enter the top 10 cryptocurrencies soon, making it an attractive investment opportunity.

SEC vs. Ripple: The High-Stakes Crypto Dispute That Could Shake the Industry

• The SEC is currently in a high-profile dispute with blockchain company Ripple, and a verdict is expected this year.
• If the SEC were to win the case, other cryptocurrencies would likely be compelled to register as securities, and crypto exchanges would likely be required to register under the regulations governing securities exchanges.
• A victory for the SEC could have negative implications for the broader cryptocurrency markets, potentially creating a difficult and uncertain environment for the industry.

The Securities and Exchange Commission (SEC) is currently in the midst of a high-profile dispute with blockchain company Ripple, with a verdict expected sometime this year. The case is part of the SEC’s broader goal to bring the cryptocurrency markets under its regulatory authority through enforcement. At the center of the dispute is the SEC’s claim that the Ripple-issued XRP token is a security, which would be contrary to established precedent in securities law.

The implications of a potential SEC victory are significant for the cryptocurrency industry. If the SEC were to prevail, other cryptocurrencies would likely be compelled to register as securities and crypto exchanges would likely be required to register under the regulations governing securities exchanges. This would bring the cryptocurrency sector under the SEC’s regulatory purview, potentially creating a difficult and uncertain environment for the industry.

SEC Chairman Gary Gensler has stated that Bitcoin is the only cryptocurrency he is hesitant to designate as a security. Therefore, a victory for the SEC could have negative implications for the broader cryptocurrency markets. This is of particular concern to those in the industry who have been advocating for the growth of the sector and the adoption of cryptocurrencies as a form of payment.

The Ripple vs. SEC case is a high-stakes dispute that could have far-reaching implications for the cryptocurrency industry. A victory for the SEC could create a difficult environment for the industry, while a loss could help to solidify the sector and pave the way for further growth and adoption. The outcome of the case will be closely watched by all those involved in the industry, and will likely have a lasting effect on the future of the sector.

XRP Consolidates Below $0.35, Awaits Bitcoin to Reach $0.4

• XRP price has been trading within a narrow range from the past few days, indicating the revival of a consolidation phase.
• While the markets have become bullish, the XRP price continues to stay in a pre-defined range, not reaching its goal of $0.4.
• Analysts believe that Bitcoin needs to hold for a while in order for the XRP price to squeeze out bullish momentum and reach its goal.

XRP, the sixth largest cryptocurrency in the world, is currently undergoing a period of consolidation, with its price staying within a very narrow range from the past few days. This is despite the fact that the wider markets have been notably bullish, with the star cryptocurrency Bitcoin making a move beyond $17,000 after undergoing a squeezed trend for a long time. Ethereum price has raised beyond $1,300, Cardano price has surged above $0.3, and Shiba INU price is approaching $0.00001, all of which have been able to break out of their respective resistance levels.

However, XRP price continues to consolidate below $0.35, and has been unable to reach its goal of $0.4. Analysts are of the opinion that this is due to the fact that the price of Bitcoin needs to hold for a while in order for the XRP price to squeeze out bullish momentum and break through its own resistance levels. Currently, the interim high at $0.374 is acting as the greatest hurdle, and a bullish breakout could result in the price revisiting these highs.

On the technical side of things, XRP is currently trading in a symmetrical triangle pattern, with the top and bottom of the triangle converging on each other. This indicates that the price is likely to break out of the triangle soon, although it is uncertain which direction the price will take. If the breakout is to the downside, then the price could fall to $0.28, whereas if it is to the upside, then the price could reach as high as $0.45.

It is also worth noting that the XRP markets have been relatively quiet in recent weeks, with the trading volume decreasing significantly. This could be a sign that investors are not as interested in the coin as they once were, and that it may take some time for the price to reach its full potential.

Overall, XRP remains in a state of consolidation, and it is currently unclear which direction the price will take in the near future. The key thing to watch out for is the price of Bitcoin, as this will have a major impact on the XRP price. If Bitcoin is able to sustain its current levels, then it could pave the way for XRP to make a move higher, but if it starts to drop, then the XRP price could follow suit.

: XRP Holders Receive 4.28 Billion FLR Tokens in Airdrop After Two and a Half Years

• Flare Network airdropped FLR tokens to XRP holders after two and a half years.
• XRP holders received nearly 4.28 billion FLR tokens, with one FLR for every XRP token held.
• The initial FLR airdrop accounts for 15% of the Flare network’s total supply, with the remaining 85% to be distributed in the following three years.

Flare Network, a Layer 1 blockchain that allows developers to create interoperable applications, has finally made its long-awaited FLR token airdrop to XRP holders. On Monday night, January 9th, 2023, holders of XRP were able to receive their FLR tokens after two and a half years of anticipation.

The FLR airdrop was distributed to XRP holders who had at least one XRP token since December 2020, with each holder receiving one FLR token for every XRP token held. The initial FLR airdrop accounted for 15% of the Flare network’s total supply, with the remaining 85% to be distributed in the following three years.

The FLR token airdrop has been a highly anticipated event within the crypto community, as the tokens will give holders the right to vote on the way the next airdrop is conducted, as well as their opinion on other projects. Unfortunately, after the tokens were distributed, many holders chose to dump their FLR tokens, causing the price of the token to plunge more than 50%.

The airdrop of FLR tokens to XRP holders marks a significant milestone for the Flare Network, as the platform moves one step closer to becoming a decentralized finance (DeFi) application. With the remaining 85% of tokens to be distributed in the following three years, the Flare Network is sure to experience further growth and development, as well as a larger user base.

As for the FLR tokens, holders will still have the opportunity to benefit from their tokens, as the tokens can be used in various applications on the Flare Network. With its blockchain-based technology, the Flare Network is sure to become a major player in the DeFi space in the years to come.

BlockFi Discloses Assets, Files for Chapter 11 Bankruptcy Protection

• BlockFi announced that it will be disclosing its assets, liabilities, and statement of financial affairs on January 11, 2023.
• The company has filed for Chapter 11 bankruptcy and is undergoing reorganization to work in the best interest of its stakeholders and clients.
• A meeting for the debtor’s creditors will take place on January 20, 2023, at 10:00 a.m.

BlockFi, one of the leading digital asset management companies in the world, recently announced that it plans to disclose its assets, liabilities, and statement of financial affairs (SOFA) with the Court on January 11, 2023. The company also stated that no member of the BlockFi management team has withdrawn any digital assets from its platform since October 2022.

The announcement comes as the company has filed for Chapter 11 bankruptcy in order to reorganize its operations in the best interest of its stakeholders and clients. This is an important step for BlockFi as it will provide an accurate picture of the company’s financial situation, which will help creditors and other stakeholders assess the company’s ability to move forward.

To further ensure transparency, BlockFi will also be publishing details about payments made by the company to insiders and other parties before filing for bankruptcy. This is intended to bring more clarity to the situation and help creditors properly assess the company’s financial situation.

As part of the Chapter 11 proceedings, a meeting for the debtor’s creditors will take place on January 20, 2023, at 10:00 a.m. The debtor’s representative will attend the meeting under oath and creditors may choose to attend the meeting. At the meeting, BlockFi will provide creditors with a detailed update on the company’s financial situation and its plans for reorganization.

In addition to BlockFi, the US Department of Justice has seized 55 million shares of Robinhood worth $450 million, of which both FTX and BlockFi have significant claims. It is unclear how this legal dispute will play out, but BlockFi is expected to make every effort to work through the process and ensure the best possible outcome for its stakeholders.

Overall, this is a positive move by BlockFi, as it is taking steps to ensure transparency and provide creditors with a clearer picture of the company’s financial situation. This is an important step for the company and it will be interesting to see how the Chapter 11 proceedings play out in the coming weeks and months.

Uniswap’s UNI: Could Reach $13.69 by 2023 and $50 by 2029

• UNI could reach a maximum of $13.69 by 2023.
• Uniswap may achieve the $50 mark by 2029.
• DeFis have come into existence with the idea of no intermediaries.

Uniswap has quickly become one of the most popular and well-known decentralized finance (DeFi) protocols in the cryptocurrency market. Since its launch in 2020, Uniswap has grown to become one of the largest and most successful DeFi projects with its own native asset, UNI. With more than $6 billion in total value locked (TVL), Uniswap is now one of the most popular and successful DeFi protocols.

Given the increasing popularity and success of Uniswap, many investors are now wondering whether they should invest in UNI. In this article, we’ll look at Uniswap’s past performance and analyze the future prospects of UNI in terms of its price predictions for 2023-2025.

Uniswap was launched in 2020 and its native asset UNI was first listed on the secondary market in September 2020. Since then, UNI has made a steady rise in its market capitalization and price. As of the time of writing, UNI is currently trading at around $7.81 per token.

Looking at Uniswap’s past performance, analysts believe that UNI could reach a maximum of $13.69 by 2023. This is based on the assumption that the DeFi sector continues to grow and that Uniswap’s TVL continues to increase.

In the long term, analysts believe that Uniswap may achieve the $50 mark by 2029. This is based on the assumption that the DeFi sector continues to grow and that Uniswap’s TVL continues to increase. This would be a significant increase from the current price of UNI and could result in substantial gains for investors who invest in UNI early on.

The main driver behind Uniswap’s success has been the emergence of DeFis and their increasing popularity over the last few years. DeFis have come into existence with the idea of no intermediaries, and they are now going mainstream in the industry as investors are now evaluating digital assets based on its TVL in DeFi, amongst other factors. Uniswap, a prominent cryptocurrency from this sector, aims to bring greater decentralization by allowing users to trade tokens without the need for a middleman.

Given Uniswap’s current success and the potential for UNI to reach the $50 mark by 2029, it is safe to say that UNI is a good buy at the moment and could be a very lucrative investment in the long-term. However, as with any investment, investors must do their due diligence and thoroughly research Uniswap and its associated risks before investing.