Free Fall from $30k bearish consolidation.

El Salvador president addresses bear market concerns with Bitcoin hopium -link

@CryptoNews_HQ

📊 BTC Update

BTC bounced up exactly from our mentioned $18k - $16k reversal level, more precisely from $17.6k.

There is high possibility of retesting this support area again 📉📉

Later...

- If bitcoin manages to hold this $18k - $16k then expect mid term uptrend 📈 to $30k - $35k before heading down to final capitulation target $9k

- If bitcoin fails to hold above $16k on 3 day chart then be ready for the final capitulation to $9k before any healthy recovery 📉

#BTC  liquidity moving from 9k to 18k making it a strong support.

- Breaking this 18k area there is not much liquidity left to hold the price up.

- Holding this $16k - $18k would start recovery to $30k-$35k.

🚨 Cloudflare is experiencing an outage, and so FTX and many other sites are going to be hard to access for many users.

@CryptoNews_HQ

Some mining pool participants from Poolin just sent 5000 $BTC (~$110M) to Binance

This might indicate some miners' revenue can't meet the break-even point, so they have to cash out to cover expenses/loans.

📰 JUST IN: 🇮🇳 India Government to Consider Sales Tax on Cryptocurrency Next Week -link

- Also Gov has announced 1% TDS On Crypto To Kick In From July 1 In India🇮🇳.

- 1% TDS is expected to mean that investors would lose 1% of their capital on every trade or transaction.

- Plus 30% tax on capital gains with no loss setoff.

@CryptoNews_HQ

📰 JUST IN: ⚡Coinbase rolls out Polygon support for transfers of ETH, USDC -link

Polygon becomes the first scaling network of its kind supported by coinbase for transferring those crypto assets.

@CryptoNews_HQ

📊 BTC Update

We either get an immediate breakdown in the next 24-48 hours or a fakeout above resistance in the next few days, IMO.

Either way, I don't think we escape this without another leg lower to the $16k-$17k area.

On June 24, #BTC options with a notional value of over $2.1 billion and #ETH options with 1.16 billion will expire on Derbit.

Be ready for volatile market today!

#BTC printed inverse head & shoulder pattern on 4h chart.

And it is about to breakout just near US market opening time.

It looks like bulltrap, Since past few days market is dumping after US market opening.

📊 BTC Update

Bitcoin is consolidating just above the inverse head and shoulder pattern. Here not recommended to open a new trade.. because this is area of no confirmation.

First week of July is bearish so expect 5-10% pump before the dump to $18k.

🚨4,502.70 #BTC ($95,456,555)
aggregated inflows to #Coinbase Pro.

Big inflow into Coinbase Pro detected . Careful out there

🚨 Crypto-focused hedge funds are increasingly shorting U.S. dollar-pegged stablecoin Tether (USDT) according to the WSJ.

@CryptoNews_HQ | Link

🔥 CelsiusNetwork is working on a solution where the customer can withdraw their weekly interest.

@CryptoNews_HQ | Link

🔥 BREAKING: $12.8 Trillion In #Gold Deposits Discovered In Uganda, doubling the supply of all #Gold mined since the beginning of mankind.

#Gold is not scarce, #Bitcoin  is.

https://gsiexchange.com/12-8-trillion-in-gold-deposits-discovered-in-uganda/

📈 Polkadot remains the most held asset by Crypto Funds, as per Messari Crypto report.

@CryptoNews_HQ

📊 BTC is showing some strength to retest previous resistance level before heading down.

📊 NEAR / USDT looks great here for scalping