• Hello everyone, greetings today I will analyze the cryptocurrency market, focusing on Bitcoin and Ethereum, as well as relevant news and market movements in June 2024.

"The cryptocurrency market is analyzed, focusing on Bitcoin and Ethereum, as well as relevant news and market movements."

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Bitcoin Bullish and Technical Situation?

• Bitcoin shows a significant increase, reaching 69,000.

• The technical situation is solid as it remains above 66,642.

• Bullish opening in Europe with some subsequent retraction.

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Ethereum ETF News ?

• Ark Invest ends collaboration for Ethereum ETF citing strategic reassessment.

• Confusion about recognition of innovative potential and long-term value.

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Reflections on Business Decisions?

• Katy G visits El Salvador is generating reflections on business decisions.

• Ark Invest's strategic withdrawal from the Ethereum ETF surprises and intrigues.

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Speculations and Market Entries ?

• Speculative income after approval of the Ethereum ETF generates expectations.

• Warnings about the need for a solid foundation for long-term sustainability.

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Differences between Bitcoin and Ethereum?

• Contrast between assets: clarity in strategy with Bitcoin versus revaluation with Ethereum.

• Challenges in Layer 2 Decentralization in Ethereum

• Market Analysis and Future Prospects

• The current cryptocurrency market is discussed here, focusing on Bitcoin and altcoins. The market trend is analyzed and future prospects are offered based on technical analysis.

• It is highlighted that many cryptocurrency networks present unresolved problems, which implies continuous work on their development.

• Bitcoin is distinguished by its decentralization and lack of ownership, which contrasts with centralized altcoins.

• Key support around $66,000 to $68,000 is mentioned for Bitcoin.

• Buying opportunities below $60,000 are considered exhausted since a previous drop to unexpected levels.

• The progressive elimination of resistance levels is discussed as Bitcoin gains strength.

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Market Projections and Future Movements?

• Projections:

• Possible market trajectories are explored here and estimates of future Bitcoin price movements are made.

• The probability of certain events is compared with the theoretical but remote possibility of a meteorite falling in a specific area.

• The improbability of a significant drop before a certain date is evaluated due to the technical stability observed in the graph.

• A possible major advance in the market is forecast towards the end of June or beginning of July, with the potential to surpass previous highs.

• The time between June and July is identified as favorable to breaking historical highs and generating a significant bullish movement.

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Long Term Expectations and Future Scenarios?

• Future Scenarios:

• We can address a long-term outlook of the crypto market, anticipating upward movements followed by lateral phases.

• An analogy is established between past and future congested areas to predict upward movements after overcoming technical resistance.

• For my part, I estimate to suggest a potential maximum close to $90,000 for Bitcoin this year before entering consolidation again.

Analysis of the Cryptocurrency Market ?

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• Current behavior and possible future trends in the cryptocurrency market, focusing on Bitcoin and other altcoins.

• Bitcoin Short-Term Outlook

• Not far away and may it happen soon that Bitcoin will reach $101,000 with an additional boost in the coming months this current year.

• The daily close of the chart candle will be evaluated and crucial to predict whether Bitcoin will reach $70,230 or $71,650 this week.

• A close above $68,950 or $69,100 could take Bitcoin to $71,650 quickly.

BNB Behavior and Launches on Binance?

• BNB shows good performance and with expectations of reaching the high zone again.

• Binance is launching a new token, requiring specific actions to participate in the launchpad.

• Announcement about upcoming megadrops on Binance and opportunities to open accounts with commission discounts.

Diversification and Opportunities in Exchanges?

• Promotional offers on exchanges like Binance and Bitget to operate with special discounts.

• Recommendations to diversify investments using different products available on different exchanges.

Altcoins and Market Trends ?

• Exploration of the current behavior of Ethereum against Bitcoin and future projections.

• Observations on the expected downward movement in altcoins related to some video games.

Rise of Tokens Related to Video Games?

• Significant increase in game-linked tokens, such as ALIS, reflecting a general upward trend.

• Growing interest in gaming tokens both on Binance and other exchanges, generating notable increases.

Speculation and Alternative Investments ?

• Monitoring currencies highlighted for their sudden rise due to speculative interest, especially those related to gaming.

• Observations on the recent popularity of tokens linked to video games as an alternative form of investment.

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information web https://es.cointelegraph.com/tags/bitcoin

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Weekly count #2 Tuesday, June 4, 2024 / hour 12:35 pm.