Today's Top Crypto Headlines:

Bitcoin May Hit $110K First | Mt. Gox Moves $1B Bitcoin | World Liberty Financial's Stablecoin and more...

Good Morning Crypto Enthusiasts!

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

  1. Bitcoin Targets $110K Before Drop": Arthur Hayes predicts Bitcoin will hit $110K before dropping to $76.5K, citing easing monetary policy and global liquidity.

  2. 📈Technical Analysis Masterclass - GALA shows potential for a short-term rally yet caution is essential. Watch UseTheBitcoin’s latest Youtube video “GALA BREAKOUT SOON?! This Chart Tells Everything!” to see if a breakout could be on the horizon or join our Official Telegram Channel for more alpha!

  3. Mt. Gox Moves $1B in Bitcoin: Mt. Gox transferred 11,501 BTC, fueling speculation that creditor repayments may be imminent.

  4. 💡Feature of the Day - Trump-Backed Stablecoin Launches: World Liberty Financial launched USD1 on Ethereum and BNB Chain. The Trump-backed project raised $550M, while lawmakers debate stablecoin regulations.


    All this and more in today’s headlines!

📰 News Highlights:

Bitcoin May Hit $110K First [Source][Source][Source][Source]

Bitcoin is more likely to reach $110,000 before dropping to $76,500, according to BitMEX co-founder Arthur Hayes.

He attributes this potential rally to easing monetary policy, fading inflation concerns, and rising global liquidity.

Bitcoin recently closed above $86,000, fueling optimism for a continued uptrend.

Hayes believes the Federal Reserve’s shift from quantitative tightening (QT) to quantitative easing (QE) will provide the necessary market conditions for Bitcoin’s next major price surge.

However, analysts caution that QT is not entirely over, and the $88K resistance level remains a key challenge.

 📈Technical Analysis Masterclass:

Key Support & Resistance Levels

  • Support Zone: Around $0.018, a historical bounce zone where buyers typically step in.

  • Stop-Loss Recommendation: Below $0.017, as a break under this level could lead to further declines.

  • Profit Targets:

    • First Take Profit: $0.04, a previous resistance level where selling pressure is expected.

    • Second Take Profit: $0.06, a stronger resistance area where price rejection could happen.

Trading Strategy & Risk Management

  • Buying Zone: Around $0.018, offering a favorable risk-reward ratio.

  • Risk Consideration: Despite bullish signals in shorter timeframes, GALA remains in a long-term downtrend.

  • Capital Protection: Trade only with money you’re willing to risk due to the crypto market's volatility.

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Mt. Gox Moves $1B Bitcoin [Source][Source][Source]

Bankrupt exchange Mt. Gox has moved another 11,501 Bitcoin, worth over $1 billion, in its third major transaction this month.

Blockchain analytics firm Arkham Intelligence reported that the exchange transferred 893 BTC to its cold wallet and 10,608 BTC to another internal wallet.

This follows previous transfers of 12,000 BTC on March 6 and 11,833 BTC on March 11, raising speculation that creditor repayments may be nearing.

💡 Feature of the Day: 

World Liberty Financial's Stablecoin [Source][Source][Source]

World Liberty Financial, a crypto project backed by Donald Trump, has launched the USD1 stablecoin on BNB Chain and Ethereum.

The token, pegged to the US dollar, has a total supply of over $3.5 million but is currently not tradeable.

The launch comes as U.S. lawmakers debate the GENIUS Act, which aims to establish a national framework for stablecoins.

The bill has moved out of the Senate Banking Committee and is expected to reach Trump’s desk by June.

😂 Crypto Meme of the Day: 

Meme of the day provided by @cryptoholderss

And that’s it for this today.

See you all tomorrow’s edition!


Jonathan Gibson
UseTheBitcoin.com