Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. SEC Sues Elon Musk Over Twitter: The SEC alleges Elon Musk violated securities laws by delaying the disclosure of his 5% Twitter stake, saving at least $150 million.

2. 📈Technical Analysis Masterclass - Bitcoin's recent activity suggests a potential market shift. Watch UseTheBitcoin’s latest Youtube video “Bitcoin Signals You’ve Been Waiting For (BTC)” to see if key indicators signal a possible bullish reversal or join our Official Telegram Channel for more alpha!

3. Ripple Criticizes SEC Appeal Efforts: Ripple execs criticized the SEC's ongoing appeal over XRP's security status as wasteful.

4. 💡Feature of the Day - China Weighs TikTok Sale to Musk: Chinese officials may sell TikTok’s U.S. operations to Elon Musk’s X if a U.S. ban proceeds.

   
   All this and more in today’s headlines!

📰 News Highlights:

SEC Sues Elon Musk [Source][Source][Source]

The SEC has filed a lawsuit against Elon Musk, alleging he violated U.S. securities laws by failing to disclose his ownership of over 5% of Twitter's stock within the required timeframe.

Musk began acquiring Twitter stock in early 2022 and, by March 14, had surpassed the 5% threshold. However, he delayed filing a beneficial ownership report until April 4, 2022—11 days after the deadline—enabling him to purchase shares at lower prices.

The SEC claims this delay allowed Musk to save at least $150 million by buying shares at artificially low prices.

 📈Technical Analysis Masterclass:

Bitcoin Signals You’ve Been Waiting For (BTC)

Here’s a concise breakdown of key indicators signaling a possible bullish reversal.

Key Indicator 1: Doji Candle

• Current Context: Bitcoin’s recent downward trend now features a Doji candle, hinting at a possible shift in direction.

Key Indicator 2: Confirmation Candle

• Observation: A strong green candle has formed, signaling renewed buying pressure and possible bullish momentum.

Key Indicator 3: Moving Averages

• Breakout: Bitcoin has broken above the 20-day moving average, a significant resistance level.

• Implication: Sustaining above this level strengthens the case for an uptrend. A fall below could invalidate the bullish signal.

Key Indicator 4: MACD Analysis

• Momentum Shift: The MACD histogram remains in the red, but a potential crossover between the MACD line (blue) and the signal line (orange) is forming.

Ripple Criticizes SEC [Source][Source]

Ripple executives have criticized the SEC's decision to proceed with its appeal against a judgment in the ongoing case, even as leadership changes loom.

Ripple Chief Legal Officer Stuart Alderoty expressed frustration at the regulator's refusal to postpone the filing, labeling it a waste of resources.

Ripple’s CEO Brad Garlinghouse echoed Alderoty’s remarks, expressing hope for a more balanced approach under new SEC leadership after President-elect Trump’s inauguration.

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💡 Feature of the Day: 

China May Sell TikTok to Elon Musk [Source][Source][Source]

Chinese officials are reportedly considering selling TikTok's U.S. operations to Elon Musk if the platform faces a ban under the incoming Trump administration.

Bloomberg sources suggest Musk’s social media platform, X, could integrate TikTok under certain scenarios.

However, ByteDance, TikTok’s parent company, is currently fighting the ban in U.S. courts, citing First Amendment rights violations.

Meanwhile, bipartisan legislation requires ByteDance to sell TikTok or cease U.S. operations by January 19.

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😂 Crypto Meme of the Day: 

Meme of the day provided by @TheBTCTherapist

And that’s it for this today.

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See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com