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Blockchain Weekly - Issue No. 14


BlockHash Research

June 14 · Issue #15 · View online

Covering the latest topics that move the market, chart signals that you should watch, the best low cap crypto projects and much more!

Here’s a little positive crypto news to start the week!
Microstrategy has raised $500M in Bonds to acquire more Bitcoin for their balance sheet. So like I have continued to hammer on, institutions are still playing this game despite the retail buyer slump. Let’s see how this fuels the market this week.
I would personally like to see how the rest of June plays out, given it will mark the end of Q2 and we could have a nice balance sheet reveal for many companies that actually accumulated BTC in the past couple months. That was a Q1 catalyst. So the same could hold true for Q2.
If you want more breakdowns beyond Bitcoin, sign up for the Blockchain Insider and listen to me discuss these things in more detail. You can’t put a price on good analysis in crypto. The more you know, the better!
For the rest of you, let’s look at today’s Bitcoin chart action:

Bitcoin (BTC)
Bullish Prediction:
Bitcoin is still sitting in the current, sideways funnel. While there is a lot of intraday movement the past few weeks, we still haven’t seen BTC break above $40k or below $30k decisively. There isn’t a clear direction yet, but could still be a nice accumulation point.
Bearish Prediction:
Sometimes funnels like this can denote what’s called a “bearish flag” signal. This is something to keep in mind if BTC can’t continue to make new highs in the coming weeks.
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Stay tuned for the newsletter next week and thanks again for being a subscriber! Feel free to email me with any questions or suggestions you may have. Have a killer week trading!
Brandon Zemp
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