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Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!
💧Top headlines from the last 24 hours:
• GameStop Adds Bitcoin to Treasury Reserves.
• Dollar crash = Bitcoin pump.
📕Educational :
• The Bitcoin Hash Ribbons flash a buy signal.
Lets dive in.
📅 Today
Gamestop X Bitcoin!
GameStop has officially updated its investment policy to include Bitcoin as part of its treasury reserve assets.
This decision was unanimously approved by the company's board. The company holds approximately $4.6 billion in cash, which it might allocate towards Bitcoin investments.
In our opinion the key question is regarding the allocation %. If they go big, BTC price could go vertical for weeks.
If they go small, they'll lose their BTC premium, so it would not be surprising if they decide to allocate $1 billion+ over the next few years, following MSTR’s footsteps.
Exciting times ahead!
Pump it Bitcoin!
The dollar is crossing below its 200 day moving average. This has happened 41 times since 2015.
What does this mean for Bitcoin?
Over the next 9 months, Bitcoin finished higher 98% of the time.
The worst gain was +24%.
The median gain was +162%.
The average gain was even higher. Much higher.
This reasonably (90% probability) puts Bitcoin at or above $125k by year-end. Is this the time to buy Bitcoin? Continue reading our educational section below for further insights!
Source : Timothy Peterson
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🌎 Other News
📕 Educational
BITCOIN HASH-RIBBON FLASHES BUY SIGNAL
Bitcoin Hash-Ribbons just flashed a buy signal. Historically, this suggests bullish reversals and hefty price gains.
The indicator combines mining data with price analysis, historically reliable for long-term buy signals.
This is one of the most reliable "buy" indicators.
Significant price gains have followed 7 out of the last 7 times this indicator was triggered.
This signal has flashed only 20 times in Bitcoins history. 17/20 times the most recent local low was never violated on a closing basis
Our proprietary Bitcoin indicator is currently having a bearish/neutral bias, until $96,500 is breached.
If that happens, 2 strongly reliable indicators will be flashing a bullish bias simultaneously, and thus taking longs then would start making sense. Until then, we advise everyone to maintain caution and avoid FOMO!
📊 Stat of the day
Negative funding rates, as seen now have been historically followed by massive surges in price this cycle.
🤣 Meme of the day
That concludes our update for today!
We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.
Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!
Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.
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