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28/04/2022


THE NEWS

NEUTRAL - BLOOMBERG
Finland has selected two brokers to sell $75 million worth of seized Bitcoins its authorities hold. The brokers are set to sell the cryptocurrency during the spring and early summer. Finnish government is considering donating a part of the proceeds to help Ukraine defend itself against Russia’s invasion.


BEARISH - FINANCIAL TIMES
I keep on coming up against new ways to find crypto absurd. Crypto has no inherent value; it is worth simply what everyone has decided that it’s worth. [...] Crypto tokens can be made just as easily. This why there are now almost 20k cryptocurrencies out there, making a mockery of the idea of digital scarcity.


BULLISH - Will Clemente @WClementeIII
Bitcoin Hash Rate reaching new all time highs. The demand to mine BTC is relentless and thus the network is more secure than ever before.



PRICE ANALYZES

NEUTRAL - COINTELEGRAPH
Macro factors are demanding further downside, as the impact of inflation and geopolitical strife is clearly felt on equities markets. At the same time, on-chain signals are anything but bearish. Whether short or long timeframe, however, $38,000 forms a critical historical price for Bitcoin.


BULLISH - Ian Alexander @ianAlexCrypto
Next target range 39900-40000 and then lastly 40800-40900 we could have a retracement from either of these ranges down to test 38-38.2k again


BULLISH - Rekt Capital @rektcapital
BTC has been doing well over the past two weeks to establish price stability at the bottom of the Volume Gap (~$40,000) Continued stability here & BTC will be able to fill the Volume Gap entirely over the coming weeks The top of the Volume Gap is ~$46000. [image]


BULLISH - Michaël van de Poppe @CryptoMichNL
To me, this is still the area to break on Bitcoin. If this block breaks and flips, I think $43K is next. [imagem]