Bitcoin, in a splendid display of determination, sought to break free from the shackles of $116,500, donning its finest attire as it danced above the prestigious realms of $118,000 and beyond, soon topping the scales at the impressive $120,000.
The same wallet that previously moved 80,000 BTC in a matter of hours has now transferred a whopping 20,000 BTC on July 14, just as Bitcoin was hitting a new all-time high of $123,000. Talk about timing! 🕒
The 30-minute UNI/USDT chart shared by analyst Crypto Joe (@CryptoJoeReal) highlights a textbook Inverted Head and Shoulders formation, a classic bullish reversal pattern. The neckline breakout occurred near the $8.50 level, supported by a noticeable uptick in volume and confirmation through a 1.02% gain to $8.598. Price currently holds above the 50-period moving average, reinforcing bullish momentum and validating support.
After a brief moment of triumph, reclaiming key levels and showing signs of strength, DOGE is now staring down the barrel of a high-volume resistance region. This is the same region that has historically been the kiss of death for price advances. But fear not, dear bulls! A temporary correction from current levels would be a healthy dose of reality, and might just provide the momentum needed for a renewed move higher, perhaps even targeting the $0.23 region in the short term 🚀.
Newsflash: on July 14, BitMine dropped the bombshell that they scored all this crypto goodness right after closing a $250 million private placement. Apparently, they decided that chasing electric rates was so last season, and opted for Ethereum like it was the latest trend on a Paris runway.
Fedwire, the U.S. central bank’s real-time gross settlement system, is joining the 21st century by adopting this standard to enhance cross-border payments 🌎. It’s about time, don’t you think? I mean, who doesn’t love faster, more secure, and interoperable payments? 💸
Yet, with a wave of his hand, a Coinbase executive has categorically denied such claims. A veritable drama unfolding, reminiscent of ancient conflicts where honor was stained with whispers and backroom dealings.
As investors anticipate a potential “altcoin season” several tokens like NEAR are reaping the rewards. NEAR jumped from $2.55 to $2.66 in the past 24 hours, representing a 7% range.
Meanwhile, bitcoin is taking a leisurely stroll with just a slight uptick to an annualized implied volatility of 46%. Anticipating a more gentle bump of around 6%, it seems our favorite cryptocurrency is on vacation while XRP is racing the Indy 500! 🏎️
Source – Farside Investors
