Short

Bitcoin will test $20K

Updated

Hello Traders,

Breaking News : ELONMUSK just gived up on Bitcoin, Tesla will no longer sell cars in exchange for Bitcoin. >> This will start a turmoil in the Cryptomarket.

Also the inflation numbers that printed today of the US enconomy for the month of April jumped to 13 years high : 4.2% ( Actual ) vs 3.8% ( Expected ) >> this pushed the US10Y above 1.7% ( +4.73% ) making the rate to rise by 7 basis point in single day.

Hard times are ahead for the crypto market.

Trade with care.

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Earlier News from Micheal SAYLOR twitter " #MicroStrategy has purchased an additional 271 bitcoins for $15.0 million in cash at an average price of ~$55,387 per #bitcoin. As of 5/13/2021, we #hodl ~91,850 bitcoins acquired for ~$2.241 billion at an average price of ~24,403 per bitcoin. "

#Pump #Buybacks

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ELON MUSK IMPLIES TESLA MAY SELL OR HAS SOLD BITCOIN HOLDINGS - #Bitcoin

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In case you missed today roller coaster on #Bitcoin

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In case you missed it :

*TREASURY CALLS FOR CRYPTO TRANSFERS OVER 10K REPORTED TO IRS

*TREASURY: CRYPTOCURRENCIES POSE `SIGNIFICANT’ TAX-EVASION RISK

ICYMI : *Biden IRS Plan Would Double Agency Staffing, Target Crypto

#Bitcoin #Cryptocurrencies

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69% correction on Bitcoin price is possible.

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GOLDMAN SACHS' CEO SOLOMON: I'M EXTREMELY CAUTIOUS ON BITCOIN, BUYER BEWARE.

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#Bitcoin #BTC #XBT : is heading for 2017 high of 20K

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TSB IS PREPARING TO BLOCK ITS CUSTOMERS FROM SENDING MONEY TO TRADING SITES SUCH AS BINANCE AND KRAKEN BECAUSE IT BELIEVES SCAMMERS ARE BEING ALLOWED TO SET UP E-WALLETS AND STEAL PEOPLE’S MONEY BECAUSE OF WEAK SECURITY CHECKS.

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#bitcoin price -12% last week as the US FED signal earlier timeframe for rate hikes.

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From Peter SCHIFF TWITTER : Most of the #Bitcoin buyers who bought the last dip below 30K will not buy the next. The main buyers will be those who took profits on the bounce. Therefore the next dip will not enjoy nearly as much support. New buyers will likely show up at 20K, but fewer than did at 30K.

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twitter.com/Forexmkts/status/1411091546880028672

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On May 11, Fed's Powell met with Coinbase's CEO ( ) - Monthly Meeting Documents. chart credit to ( zerohedge ) show on that day #bitcoin spot price began its plunge, tumbling from 57K to just 33K less than a week later.

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OmarNAMOUCHI

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