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Don't waste time reading a bunch of irrelevant content. We select the top news in the Crypto World for you

06/05/2022


THE NEWS

NEUTRAL - CNBC
The selling of cryptocurrency was sparked by a painful day on Wall Street where the Dow Jones Industrial Average lost more than 1,000 points on Thursday and the tech-heavy Nasdaq fell 5%.


BEARISH - COINTELEGRAPH
Only four days have passed since two of Argentina’s biggest banks opened up to crypto trading, but now the central bank has stepped in to block the offerings.


BULLISH - Bitcoin Archive @BTC_Archive
PORTUGAL: A house was just sold for 3 Bitcoin in the first 100% Bitcoin transaction for real estate.




PRICE ANALYZES

BEARISH - COINDESK
The breakdown of the three-month rising trendline perhaps implies the resumption of the broader decline from November highs. Popular indicators like the relative strength index (RSI) and the moving average convergence divergence (MACD) histogram are also biased bearish.


BEARISH - Rekt Capital @rektcapital
Looks like BTC has flipped the ~$38,000 level into new resistance Which now means... $BTC has confirmed a return to the $28K-$38K range which was home to consolidation in Q1 & Q2 in 2021


BEARISH - il Capo Of Crypto @CryptoCapo_
So I've been repeating that the main target for $BTC is 21k-23k, and now it seems that Microstrategy's margin call is at 21k. More confluence.


BEARISH - Will Clemente @WClementeIII
After a failed underside rejection (confluence with STH realized price) the 180EHMA has turned red for just the 4th time in Bitcoin's history. For HTF momentum/trend participants, not a time of interest. [IMAGE]


NEUTRAL - Michaël van de Poppe @CryptoMichNL
Bitcoin did sweep the lows, which it also did in February. A regain of $37.5K opens the gates towards $40.4K as a move and then the markets are looking completely different. $37.5K is the crucial breaker here. If that doesn't crack, I'm seeing $34K test next.