Bitcoin Insider - Daily Edition: 30/04/24 - Read Time: 3 Min

In Today’s Insider Edition, we discuss why this boring sideways price action is about to end with a bang.

We will analyse key price levels to remain aware of the in coming days - they will get tested.

In recent news events, the UK has been granted new power, allowing law enforcement agencies to easily seize Cryptocurrency.

The US regulators have made some serious progress in seeking $5b penalty from Do Kwon and Terraform labs.

Today’s report will also include:

• Daily Crypto Price Report

• Other key market developments

• What Bitcoin Insider is Reading

• Crypto Meme Center

Bitcoin Price Analysis

Bitcoin is trading in a clear range, price has navigated to the lows of the range, holding here is key for a rotation back towards the highs.

As long as the lows of this range holds the more bullish the chart becomes, important price levels to remain aware of $61,338.00 and absolute range low $58,307.00

From an Order Flow perspective, each sell of has had aggressive negative delta reads, in other words aggressive selling at the candle stick low.

Price action in total has moved a few percentile in each drop before rotating back to local highs.

This is a clear sign of price absorption at the lows, this needs to continue for a short-squeeze to the highs.

Bitcoin Insider will continue to monitor these time sensitive price development for the next update.

Latest Market News

UK Cops Get New Cryptocurrency Powers!

Big news if you're trading in the UK!

Laws have changed, and they're tightening the reins on cryptocurrency.

UK Law Enforcement's New Power Agencies don't have to delay for an arrest to confiscate cryptocurrency anymore.

This could mean a whole new ballgame for traders and investors alike.

Don't get left behind while the rules are evolving.

Dog Coins Leading the Pack

Top memecoins like Dogecoin and Shiba Inu are skyrocketing, hinting at a new bull run. Their combined value reached $80 billion in March!

Tokens like BONK and Book of Meme saw massive growth before a slight dip. Dogwifhat has surged 22X since January, becoming a rising star.

Opinions on memecoins vary widely. Critics question their value, while supporters see them as a gateway for new users and developers, energizing the blockchain space.

Crypto X Segment

Emerging news and trends

Minors going hard on the recent Bitcoin halving: Bitcoin halving slashes the reward for mining Bitcoin transactions in half. This means miners will earn 50% less BTC for their efforts post-halving

Apple’s Boss endorsing cryptocurrency, confirms ownership: Cook disclosed his individual stake in cryptocurrency, exciting enthusiasts and investors alike. It's a hallmark of acceptance when the head of a tech titan sees value in digital currencies.

Hong Kong being the latest in approving the Bitcoin ETF: Hong Kong has become Asia's first jurisdiction to approve Bitcoin and Ether spot ETFs, signaling a new era for crypto trading and investments.

What Bitcoin Insider is Reading 📕 📕 📕 

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Meme Center

Rise and shine, moon bois! How does it feel to wake up and find the crypto world doing its usual morning dance?

Bitcoin Insider bouncing back to work, See you in the next one! 👊