Bitcoin bargain sale, Germany & Mt. Gox selling, deepest retrace this cycle, chin up! - Ep.151

Today’s Bitcoin news!

PRICE UPDATE:

Today Bitcoin’s price wicked all the way down to $53,499 before bouncing back up to the $56k range. We could potentially test $52k or even $47k. Hang on to your hat and stay strong!

Mood today. POST: https://x.com/w_s_bitcoin/status/1809059215295631697

Normies: Enjoying 4th of July. Bitcoiners: I can’t feel anything anymore! POST: https://x.com/NeilJacobs/status/1809070889754931708

We hit 1776 sats per dollar on July 4th and people still think we’re not living in a simulation. POST: https://x.com/PubKey_NYC/status/1809072153326756054

JUST IN: #Bitcoin fell below $54,000 for the first time in 129 days. POST: https://x.com/BTC_Archive/status/1809175686701047915

This is officially the deepest retrace in the cycle. Bitcoin has retraced -25.6% thus far. POST: https://x.com/rektcapital/status/1809234246688473302

Bitcoin finished Q2 above the old major resistance, successfully retesting it as support. Now in Q3, Bitcoin is dipping below the key level but this may end up as a volatile retest by the end of the Quarter. $BTC #Crypto #Bitcoin. POST: https://x.com/rektcapital/status/1809260748108968038

Is this the new trend line we are supposed to watch for #BTC? You can see we had a similar one in 2019. POST: https://x.com/intocryptoverse/status/1809242719241322913

If you zoom in really closely at the bottom left, you'll see that this is officially the worst performing #Bitcoin halving cycle (so far). POST: https://x.com/BitcoinPierre/status/1809284077574402353

TRUTH:

The #bitcoin 200 week moving average has never gone down from one week to the next. NgU (number go up) still doing its thing. POST: https://x.com/w_s_bitcoin/status/1809283210095849820

Fear & Greed Index. WEBSITE: https://alternative.me/crypto/fear-and-greed-index/

Don’t be that person. 😂. POST: https://x.com/SimplyBitcoinTV/status/1809251236593496278

The one-two punch. #Bitcoin. POST: https://x.com/w_s_bitcoin/status/1809235350251794456

“You don’t need to learn how to trade #Bitcoin. You need to learn how to not trade #Bitcoin.” - @knutsvanholm. POST: https://x.com/BitcoinSapiens/status/1809094156251283851

TWO MAIN REASONS THE PRICE IS DROPPING:

🚨 Mt. Gox has started distributing billions in owed funds, likely causing #Bitcoin selling pressure and a 6% dip to $54K 👀. POST: https://x.com/btc/status/1809239083794751657

JUST IN: 🇩🇪 German MP Joana Cotar says govt selling #Bitcoin is “not sensible” and says Germany should HODL $BTC as a "strategic reserve asset”. POST: https://x.com/BTC_Archive/status/1809217144456163484

ETF HOLDINGS:

#BTC Spot ETF holdings. POST: https://x.com/intocryptoverse/status/1809262652385898528

MINING DIFFICULTY:

This latest adjustment extends the total decline in difficulty to -7.98% since the halving eleven weeks ago. POST: https://x.com/mononautical/status/1809068509227594084?ref=nobsbitcoin.com

FIAT/GOVERNMENT NONSENSE:

💥WOW: 🇺🇸 Nearly three-quarters of the jobs added last month came from government - CNBC. Fake Currency. Fake Jobs. Buy👉#Bitcoin. POST: https://x.com/BTC_Archive/status/1809279820376785224

EDUCATION:

We're thrilled to announce that the third #Bitcoin node of 2024 has been installed by kids in a public school in El Salvador 🇸🇻
Kids are super excited and even the school band joined in to celebrate 🥳 this awesome day! POST: https://x.com/NodeNationSV/status/1808675759692861860

BOLT 12:

What is BOLT 12? BOLT 12 is a proposed upgrade to the Lightning network. For users, it can enable things like reusable payment requests, increased receiver privacy, and increased censorship resistance. WEBSITE: https://bolt12.org/

LOL:

The guy in your neighborhood waiting for you and your dogs to go to bed. POST: https://primal.net/e/note1swfh3spyh8lyck4xylct4uq6uj7ms6pqyqfnuzs8vzhtrh6wczpsnhmydg

Alexa, end the Federal Reserve. POST: https://primal.net/e/note1nnynewkr74nqudvqlhtlzjptvvv8akrjmjmwdfy8p3lasfezu7eq5w5sg2

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