Why BTC is primed for breakout, when it could happen, and the echoes of 2020

I have neglected Bitcoin lately as it's been quiet, but yesterday’s insights from analyst Marcel Pechman proved to be the first of a few interesting observations. To start today’s episode, I will review the work of other analysts who give us a rough roadmap of what’s to come for BTC and what we need to see that breakout happen. Then, we’re going to tour the rest of the biggest stories in the industry in the past 24 hours, from Terraform and Do Kwon seemingly reaching a settlement to more memecoin madness.

Further reading:

• Bitcoin needs ‘3.3% or lower’ CPI print to reach new ATH
• Bitcoin whale accumulation echos 2020: CryptoQuant CEO
• Terraform, Do Kwon to reach fraud settlement with SEC
• Wallet on Telegram enforces new KYC rules, switches provider
• PEPE trading volumes surge 3X from start of May just days after ATH
• TRUMP token recovers from nasty dip after Donald Trump guilty verdict

So, grab yourself a coffee, and let’s get into it!

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