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Blockchain Weekly - Issue No. 16


BlockHash Research

July 6 · Issue #18 · 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!

Another week, another newsletter on Bitcoin! Sure, the price is flat still. But there’s no need to despair when the bottom of an asset is literally $30k. That’s actually a huge positive!
On top of that, you have good news rolling out. Visa and BlockFi are now doing 2% cash back in Bitcoin. CME leveraged shorts on Bitcoin are decreasing. Mining profitability is increasing due to a drop in mining difficulty.
These all add to the allure of buying the dip and bolster my opinion that Bitcoin is just getting started. A lot of infrastructure is being put in place and I’m excited to see how the year ends.

Bitcoin (BTC)
Bullish Prediction:
As of lately, Bitcoin is still flat. This is the best case scenario as we head into what may become a low volume Summer. I’m eyeballing September to be the turn around point in the price action if Bitcoin wants to finish 2021 over $100k.
Bearish Prediction:
However, keep an eye on this Laddle pattern (yes I’m coining that term). It could spell disaster for Bitcoin if more negative news were to break out during a period of low volume.
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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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